Have you been dreaming of a leisurely Sunday ride, or getting your adrenaline pumping on the way to work? Maybe you're trying to save on gas or avoid traffic. A motorcycle is a great solution in these situations. With motorcycle financing, you can secure a loan for your bike plus the accessories you need to get riding.* Learn more about motorcycle loans to help you decide if they're the right option for you.
With a Synchrony Installment loan, you can get your motorcycle [or bike], plus the accessories you need to get riding. You can also bundle the equipment, gear, accessories and upgrades you need into your loan when you purchase your bike. Synchrony Installment Loan can help you finance your motorcycle over time with convenient monthly payments.*
A Synchrony loan offers flexible terms, allowing you to pay back the loan over time and make convenient monthly payments.* You can also use the loan to purchase the approved accessories and gear you need at the time of vehicle purchase.
Ready to ride? Find a dealer near you that accepts Synchrony financing.
New motorcycles and add-on expenses can add up—you could expect to pay about $16,000 for a new bike.1 While used motorcycles are less expensive than many larger vehicles, they still cost a significant amount of money. And if you want a high-end brand like a Harley-Davidson, or a bike with particular features, you could easily spend much more. Some specialty bikes cost hundreds of thousands of dollars. Then there's the cost of accessories and upgrades. Just the required safety gear for your new bike could cost $1,300 or more.2
There are a few things to consider when you're deciding how much to spend on a new bike. For starters, consider how invested you want to be in your motorcycle. Those who are new to biking usually spend less, opting for bikes that are in the $5,000 to $10,000 range.2 Oftentimes, those are used motorcycles. Experienced riders are more likely to purchase new motorcycles, which may cost $10,000 or more.2
There's a balance: You want to buy a bike you'll enjoy riding. If you buy something based solely on how inexpensive it is, you could end up with a motorcycle you're not thrilled about. A motorcycle loan may be a good idea for beginners so you can purchase a bike that's safe, comfortable and fun, and decide if you enjoy the motorcycle lifestyle.*
Whether you're shopping for new or used motorcycles, certain factors affect price. Those include:1
Any experienced biker will tell you that all motorcycles are not created equal. Some motorcycles are designed for speed and agility, while others are shaped for comfort. Three-wheelers are stable and accessible to riders who might not feel comfortable on a traditional motorcycle.
Keep in mind that the type of motorcycle you choose will have a big influence on the price you'll pay. Here's a breakdown of common types of bikes, and how much you can expect to pay for each.1
There are tips that can help keep you safe while you're riding so you can enjoy your ride and feel safe.
First and foremost, it's important to invest in proper training, licensure and safety equipment. Your equipment—especially a quality helmet—is an important safety precaution you don’t want to skimp on. In most states (though not all), riders are required to wear a helmet. It's also a good idea to wear a leather or reinforced jacket, long pants or a suit. Ear and eye protection, gloves and boots can also help keep you safe.8
A safety kit can cost $1,300 or more.2 However, this is not an area where you want to let budget influence your decisions—quality safety equipment is crucial for every adventure. Helmets need to be replaced after any sort of impact, and at least every five years.2 So if you're buying a new motorcycle, it’s a good idea to consider safety accessories, and with Synchrony financing you’ll have the option to bundle approved items into your loan at the time of motorcycle purchase.
In addition to investing in high-quality safety equipment and wearing it every time you ride, consider these motorcycle safety tips:9
Once you've chosen your bike and your safety gear, the shopping doesn't have to end. In fact, if you want to roll other motorcycle-related expenses into your loan when you purchase your bike and have one monthly payment,* now is the perfect time to pick your accessories.
What accessories do you want? Consider these categories:
Millions of people around the world love riding their motorcycles. Having a motorcycle can give you a much-needed mental break and a new hobby, and it can even save you money at the pump. Motorcycle loans let new riders and hardcore enthusiasts finance the bike, safety equipment and accessories they need to make the most of their new ride.*
Want to finance accessories after purchase? No worries! Another way to get safety equipment and other gear you need is with the Synchrony Outdoors credit card. The Synchrony Outdoors credit card is a financing solution accepted at dealer partners to help you get the powersports parts, services, gear, accessories and even fuel you need to ensure a safe ride.**
To learn more about the Synchrony Outdoors credit card visit synchrony.com/financing/outdoors.
With Synchrony, getting started with motorcycle financing is simple. Talk to your favorite enrolled dealer. When you apply for a Synchrony loan using our digital application, you’ll need to provide your:
*Offer subject to credit approval by Synchrony Bank.
**Subject to credit approval. See Synchrony Outdoors | Synchrony for details.
This content is subject to change without notice and offered for informational use only. You are urged to consult with your individual business, financial, legal, tax and/or other advisors with respect to any information presented. Synchrony and any of its affiliates (collectively, “Synchrony”) makes no representations or warranties regarding this content and accept no liability for any loss or harm arising from the use of the information provided. Your receipt of this material constitutes your acceptance of these terms and conditions.