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Motorcycle Financing Calculator in Canada: Factors to Consider

Oct 25, 2022 | Blog, Financing

Call Canada Power Sports Financing for your motorcycle, dirt bike, and RV financing needs today at (844) 531-0138.

You know you want to invest in a motorcycle, but then comes the question: how will you pay for it? Getting approval for a loan and qualifying for motorcycle financing can be a drawn-out process if you take it on alone. When you want to hit the ground running, come to Canada Power Sports Financing for motorcycle financing in Canada.

When buying your bike, the first step is to understand your total buying power. A motorcycle financing calculator can help you understand your monthly payments, so you know what you can afford. Bikes can cost anywhere from $3,000 to upwards of $60,000 for a high-end model, which is why financing is so necessary.

Consider the following factors when buying to help you enjoy your motorcycle to the fullest.

Motorcycle Price

Motorcycle prices determine what you need to borrow and your loan terms. Is your dream bike a vintage Suzuki GSX1100S Katana from the 80s? Maybe you want a custom sports motorcycle with 1,000cc racing power. Adding the cost to a motorcycle loan calculator gives you an estimate of how much you will pay. The price does not include the sales tax or the cost of financing the loan.


The annual interest rate is how much you are paying the lender to borrow this money. This factors into the monthly payment added to the motorcycle price. Lenders establish interest rates on your credit score. The higher your credit score is, the better your loan terms and interest rate will be.

Down Payment

A down payment is the sum of money you put down from your savings. The larger the down payment is, the lower your monthly payments, and the smaller your loan will be. A large down payment also lowers interest rates, giving you more flexibility. Use a motorcycle financing calculator to adjust your down payment and see how it affects the loan term and your monthly payment amount.

Trade-In Value

Trade-in value is the value of your current vehicle minus any outstanding loan balance. Trading in a vehicle can be an excellent tool for motorcycle financing because it lowers your loan amount and monthly payments. Lower loan amounts give you maximum buying power. Add any potential trade-in value to a motorcycle financing calculator to reduce rates.

Credit Score

Your credit score affects your buying power. Lower scores indicate higher interest rates. Raising your score can dramatically increase your buying power and keep you from overpaying for your motorcycle.

Contact Canada Power Sports Financing

There is a lot to consider when using a motorcycle financing calculator. At Canada Power Sports Financing, we work with the most trusted lenders in Canada to get you your new motorcycle as soon as possible, and we can help even if you have low credit or no credit.

To learn more about motorcycle financing or how dirt bike financing works, contact Canada Power Sports Financing at (844) 531-0138

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