{"id":777348,"date":"2019-05-01T15:53:29","date_gmt":"2019-05-01T19:53:29","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=777348"},"modified":"2025-04-15T02:51:55","modified_gmt":"2025-04-15T06:51:55","slug":"buying-a-motorcycle","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/car-loans\/buying-a-motorcycle","title":{"rendered":"Motorcycle buying guide"},"content":{"rendered":"

You can buy a motorcycle in Canada by following the steps outlined below for buying a new or used bike. Find out more about motorcycle prices in Canada for various types of bikes and compare financing options to fund your new purchase.<\/p>

How to buy a motorcycle<\/h3>

The steps you\u2019ll follow for how to buy a motorcycle will vary depending on whether you buy a new or used bike:<\/p>

How to buy a new motorcycle<\/h4>

Follow these steps to buy a new motorcycle in Canada:<\/p>

  1. Calculate how much you can afford.<\/strong> Make a budget to determine how much you can afford to spend. Expect to pay between $4,000 and $16,000 for a new motorcycle (or up to $60,000 for a high-end bike such as a Harley).<\/li>
  2. Compare local dealers and pick your bike.<\/strong> Check out local bike shops and shop around to get the best motorcycle prices in Canada. Pick the motorcycle you want to buy and make sure it\u2019s in your price range.<\/li>
  3. Secure motorcycle financing if needed.<\/strong> Find the best motorcycle financing option for your needs. This may involve getting a line of credit, taking out a motorcycle loan or applying for financing directly from your dealer.<\/li>
  4. Pay for your motorcycle.<\/strong> Pay for your motorcycle with your savings or with whatever motorcycle financing you choose. If you use financing, you\u2019ll need to begin making repayments on your motorcycle right away.<\/li>
  5. Drive away or arrange delivery.<\/strong> Drive your motorcycle off the lot or ask your dealer to deliver it if you want more time to practice riding. Just make sure you have insurance and registration in place before you hop in the saddle.<\/li><\/ol>

    Compare motorcycle financing options<\/a><\/p>

    How to buy a used motorcycle<\/h4>

    Follow these steps for how to buy a used motorcycle in Canada:<\/p>

    1. Calculate how much you can afford.<\/strong> Used motorcycle prices in Canada can range from $3,000 to $12,000 for a standard bike. They can skyrocket to over $20,000 for a Harley or a higher-end sportbike. Determine how much you can afford when buying your used motorcycle.<\/li>
    2. Shop around.<\/strong> Find out if a nearby dealership has used models or shop in an online marketplace such as Kijiji, Craigslist or Facebook Marketplace. Compare used motorcycle prices in Canada to find the best fit for your needs.<\/li>
    3. Negotiate with the private seller.<\/strong> Negotiate used motorcycle prices with your seller once you\u2019ve settled on the bike you want. You may be able to haggle a private seller down substantially if they\u2019re looking for a quick sale.<\/li>
    4. Check the VIN and get an inspection.<\/strong> Schedule an inspection before you buy a motorcycle from a private seller if you\u2019re unsure about the condition of the bike. You should also check the VIN and make sure there are no outstanding liens on the bike.<\/li>
    5. Secure motorcycle financing if needed.<\/strong> Buy a used motorcycle with your savings or with whatever motorcycle financing you choose. Used motorcycle prices in Canada are often lower than new bike prices, so you\u2019ll often need to apply for less financing \u2013 though you could end up paying higher interest rates.<\/li>
    6. Pay your seller.<\/strong> Hand the money over to the used motorcycle dealer or private seller and then drive or haul your bike away. Just make sure that you have insurance and registration on the bike before you ride it.<\/li><\/ol>

      Can I lease a motorcycle in Canada?<\/h4>

      You may be able to lease a motorcycle from some dealerships, but it\u2019s not overly common. Leasing lets you use the motorcycle in return for regular monthly payments over a certain period of time. You won\u2019t own the motorcycle at the end of your lease unless you make a balloon payment to purchase it outright in some cases.<\/p>

      Leasing may be a good idea if you want a brand new motorcycle but you don\u2019t have money for a down payment. It could also make sense if you plan to move overseas or you just want to have a motorcycle for a few years without worrying about selling it at the end of your term.<\/p><\/div>

      Compare motorcycle loans<\/h3>
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