Frequently Asked Questions(FAQ)

Is it easier to finance a motorcycle?

Leasing a motorcycle is generally easier than financing it, as motorcycle financing often requires a solid credit history.

How does a motorcycle loan work?

A secured motorcycle loan uses the motorcycle as collateral, which means it would get repossessed should you fail to make the payments. With an unsecured loan, your income and credit score are the main factors for approval.

Do you need a credit score to finance a motorcycle?

There is no specific minimum credit score required to obtain a motorcycle loan. However, the higher your score, the better rates and terms you can qualify for.

How does MotoLease work?

A motorcycle lease from MotoLease works similarly to a traditional car lease: you get to use the bike for a specified period of time in exchange for pre-determined monthly payments.

About the Authors

Tetiana Sitiugina-Babiuk

Written by: Tetiana Sitiugina-Babiuk

Financial Sector Specialist and Content Strategist

Independent writer, content strategist, and financial sector specialist. Tatiana has an extensive experience in working with financial institutions such as Bank of Canada and Risk Management unit at FinDev Canada. She holds an MA in Financial Risk Management from the University of Toronto.

More about me

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