Sparta Financing Products
currently offers three
outstanding financing products for new or used motorcycles and select scooters:
The SPARTA Flex Lease, the SPARTA Purchase Plus
and the Sparta Sport Loan. With terms from 24 to 60
and a unique array of benefits and advantages
– to both dealers and consumers – these 3 financing products
represent the most flexible choices in powersports
SPARTA FLEX LEASE
SPARTA Flex Lease is our preferred and
recommended product because it offers customers more options and
advantages than any retail installment sales contract – including our own.
With the SPARTA Flex Lease, your customers
will almost always have a lower monthly payment than that of a retail
installment sales contract on the same vehicle. Plus, they’ve got 4 options
at lease end…which no retail installment sales contract offers:
- buy the vehicle for the original residual amount;
- They can re-lease the vehicle for an additional limited period;
- They can upgrade to a new vehicle, or
- They can simply turn in the vehicle and walk away with no further obligation assuming there are no outstanding Lease Agreement obligations, other than the residual.
There’s also a very special feature to the SPARTA
Flex Lease that’s unique in the marketplace–
the “Early Upgrade.” The Early Upgrade opportunity
applies when a customer has established a satisfactory payment
history with us and would like to get on a new vehicle before
his/her lease agreement expires. This means that as an Authorized
SPARTA Dealer, you’ll be able
to move more units more often…and generate greater customer
loyalty! The Early Upgrade can occur after 2 years on a 3 year
lease; after 2 ½ years on a 4 year lease; and after 3 years
on a 5 year lease – without an early termination penalty! We believe that with
the Early Upgrade feature, the SPARTA Flex Lease
is the best and most aggressive finance product available. And,
we think you’ll agree.
SPARTA Flex Lease is available
for virtually any street legal motorcycle over 600cc. Residuals
are almost always at least 40%, and as high as 65% of MSRP
depending on the vehicle. And the SPARTA Flex Lease
can cover both new and used vehicles, with select vehicles up
to 9 years old.
SPARTA PURCHASE PLUS
also offers a “Purchase Plus Lease”
product that is designed expressly for customers who definitely
want to own the vehicle at lease end. This program normally carries
an 11% residual and has an initial term of up to 60 months, making
it function similar to a retail installment sales contract. At lease end, the
customer can choose whether or not to pay a relatively small agreed upon pre-set and affordable residual balance to complete the purchase of the vehicle.
SPARTA SPORT LOAN
SPARTA Sport Loan is our traditional retail installment sales contract finance product. We developed the SPARTA Sport Loan
specifically for those customers who are determined to “own”
their vehicle immediately, and because we want our dealer network
to have the best choice of financing products from one source…SPARTA. Click here to see if the SPARTA Flex Lease,
Purchase Plus Lease, or Sport Loan
are available in your state.
Dealer must provide all required stipulations, verifiable by SPARTA, prior to
funding on all transactions.