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Can I lease a Motorcycle?

by Horsepower Financial
Can I lease a Motorcycle

Motorcycle leasing has expanded dramatically over the last decade. The trend hasn’t really taken hold in the motorcycle industry, but lease a motorcycle is possible, and in some cases advantageous. 

What is Motorcycle Lease 

A motorcycle lease, like an auto lease, allows you to drive the vehicle without purchasing it. You can renew the lease, return the bike, buy it, or trade it in for another one at the end of the lease. 

Motorcycle lease terms typically range from 18 to 60 months, and you may be able to lease either a new or used motorcycle. 

Here are some additional details about motorcycle leasing that you should be aware of. 


Motorcycle leasing through dealerships is uncommon in the United States, but it does exist. Motorcycle leases are also available from financing companies such as Moto Lease, in addition to motorcycle dealers. 


Motorcycle leasing can be costly. You may be required to put down between 10% and 20%, and your interest rate will vary depending on your credit. In general, the better your credit, the lower your interest rate. 

Unlimited mileage 

A motorcycle lease usually has a mileage limit, whereas a motorcycle lease usually does not. 

Lease a Motorcycle Basic 

What exactly is a lease, and how does it differ from a purchase? A vehicle lease allows you to use and maintain a vehicle for a set period of time, but you do not own it. You make a security deposit and a monthly lease payment that covers your use as well as a calculated portion of the vehicle’s projected depreciation.

You return the vehicle to the leaseholder (usually the dealership or broker who leased it to you) at the end of your lease period and walk away. You have no equity in the vehicle because you only paid for its use.

The dealer or broker then sells the vehicle as a used vehicle to another buyer. Of course, there are complexities and other variations within that formula – but that’s the basic idea. 

You pay for the vehicle and own it when you buy it. If you choose to finance your purchase, you will most likely need to make a down payment followed by monthly payments until the entire purchase price is covered.

Until then, the financing company will have a lien on your car. Every payment you make builds equity in your vehicle. The lien will be released once you have made all of the payments, and you will be the full legal owner. 

Leasing typically necessitates a lower initial investment as well as lower monthly payments for the same vehicle. That is a significant advantage. Also, some leasing arrangements may provide tax benefits; consult with your accountant because each case is unique. 

Leasing Agreement 

Most leasing agreements include a mileage limit and penalties for excessive wear and tear when the vehicle is returned. They also necessitate following the manufacturer’s maintenance schedules. During the lease term, most leased vehicles cannot be modified or customized. 

Such restrictions or requirements do not apply to purchasing vehicles. It is prudent to maintain your vehicle, but this is entirely up to you. 

How does purchasing apply to motorcycles? Why would you want to rent a bike rather than buy one? 

The lower initial cost and monthly payments are significant benefits, but they are not the only ones. Leasing could be a good option if you’re the type of rider who wants to change bikes frequently, always riding a new, advanced motorcycle. Motorcycle resale values are notoriously volatile, and leasing can protect you from the market’s ups and downs.

You’ll know exactly how much it will cost you to ride your new bike for the duration of your lease, so there will be no surprises at the end. You can choose short lease terms of one or two years and switch brands and styles frequently without having to market and sell a used bike or take a significant loss on a trade-in. 

Although none of the major manufacturers currently offer factory leasing, many Powersports dealers and specialty financing companies offer programs in major cities. A simple internet search will lead you to numerous opportunities. 

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