Ducati’s sleek aesthetic and recognizable engine roar has captured the attention of fans and hobbyists alike. But because of this — and its association with brands like Lamborghini — it can be an expensive ride. Fortunately, you have a few financing options, both from the car maker itself and third-party lenders.
You have a few options when it comes to Ducati financing. These include:
Ducati Traditional Financing. A standard therm loan with the same fixed repayments with APRs starting as low as 0% for 36 months or 0.99% for the 60 months, depending on eligibility and the vehicle.*
Motorcycle loan. Online lenders, banks and credit unions offer loans that typically use your motorcycle as collateral. You can typically borrow up to 100% of the vehicle’s value with APRs starting around 5% and terms up to 84 months.
Personal loans. If you don’t want to use your bike as collateral, an unsecured personal loan might be the best choice, though it could cost you more. This option tends to run from $3,000 to $50,000 with rates starting at 6% and terms as long as 84 months.
*Rates and terms as of July 2019.
Ducati financing vs. motorcycle loan
If speed is your biggest priority, financing your new motorcycle directly through Ducati typically has the fastest turnaround. However, lenders tend to offer more competitive rates and terms — unless Ducati or your local Ducati dealership may offer its own special deals like cash back or low-APR financing. The rates and terms you qualify for depend on your credit history and personal financial situation.
Consider Ducati financing if…
You can qualify for a deal. You won’t be able to find 0% APRs with any motorcycle lender.
You’re in a time crunch. You can typically sign off on your loan and your ownership papers when you get a car.
You’re new to bikes. Ducati has additional incentives for new riders on top of potential rate and fee discoutns.
Consider a motorcycle loan if…
There are no deals. Most Ducati incentives are short-lived. If there are no incentives that grab your attention, a lender might be the best way to go.
Your bank offers motorcycle loans. Many banks and credit unions offer discounted rates to current customers with an active checking account.
You can’t qualify for a discount. Rates can get high on manufacturer financing if you don’t have excellent credit and a high income.
Yes. Ducati has several discount and incentive programs, most notably its New Riders Program. This program offers a $250 prepaid card to reduce the cost of your Certified Motorcycle Course when you purchase your first Ducati. Not all models are eligible, however. You must buy one of the following vehicles:
Monster 797+
Monster 821
SuperSport
Scrambler Sixty2
Scrambler Icon
Scrambler Full Throttle
Scrambler Mach 2.0
Ducati also typically offers reduced rates and fees, as well as other incentives that change with the season. Check with your local dealership for the most up-to-date information.
Am I eligible for Ducati financing?
While Ducati doesn’t advertise eligibility on its loans, you typically have to be a US citizen or permanent resident, over 18 and have strong personal finances. Generally, you need to have a credit score of 740 or higher to get that 0% APR financing. You might have trouble qualifying for financing if your monthly debt payments are worth more than 43% of your income.
Watch out for balloon payments
In the past, Ducati has offered deals that offer lower monthly repayments in exchange for one large payment at the end — called a balloon payment. While this might make your bike more affordable upfront, it can be difficult to afford when your balloon payment is due. It’s common to refinance that balloon payment with another loan. But this means you’re in debt for longer and will pay more in interest and fees.
What will a new Ducati cost me?
Ready to splurge on a new Ducati? Comparing the manufacturer suggested retail price (MSRP) of a few models can give you an idea of how much you can expect to borrow. The actual cost of your Ducati will vary based on where you live, extra features you add on and your negotiation skills.
Yes, Ducati offers a two-year limited warranty on all of its new bikes — no matter how many miles you ride it. It’s fully transferrable and applies internationally too, which means you’re covered no matter where you travel or who you sell your bike to.
To ensure your warranty remains valid, you need to take your bike in for regular servicing at specific year and mile markers. It doesn’t cover damage caused by accidents or other negligent use, however. And it can’t be used if you ride your bike in sporting competitions.
Bottom line
If you’re on the hunt for a bike with a sleek design from a word-renowned brand, you may want to consider a Ducati. These motorcycles don’t come cheap, though, so you’ll want to look into your financing options first. While going directly through a Ducati dealer is typically fastest, you may be able to find a better rate with a loan from a bank or online lender.
Yes, you can purchase the Ducati Ever Red protection plan, which includes the following types of coverage:
Vehicle service protection. This extends your warranty for up to five years. For covered repairs, you won’t pay anything beyond your deductible.
Theft protection. If your motorcycle is stolen, Ducati pays up to $5,000 to cover the remaining amount you owe on your bike — after insurance. This coverage is good for up to six years and is transferable to new owners for a $50 fee.
Tire and wheel protection. If road hazards like debris or potholes damage your wheels or tires, Ducati will replace them for up to seven years.
Guaranteed asset protection. Also known as GAP coverage, Ducati covers the difference between what your insurance provider will pay and the remaining amount you owe on your loan if your bike is totaled.
Ducati Premier Financing was a promotional program that ran from April 19, to June 30, 2019. It offered lower monthly repayments with a larger balloon payment at the end of the 48-month term. APRs started at 6.99% and Ducati requires a 10% or 15% down payment, depending on the vehicle.
It was only available on 2018 models through Ducati Financial services. Rates and restrictions varied, depending on your state.
Some banks and credit unions offer loans for recreational vehicles like motorcycles, but you’ll have better luck with an online lender — especially if you don’t have the best credit.
It depends on the type of loan you choose. Personal loans don’t require a down payment, but motorcycle loans and dealer financing may require you to put down between 5% and 25% of the cost of your bike.
Picture: Shutterstock and Ducati’s official page
Kellye Guinan is a freelance editor and writer, specializing in consumer lending. Her writing and analysis has been featured on Bankrate, MSN and MediaFeed. She holds degrees in anthropology and German language and literature from Middle Tennessee State University.
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