You’ve heard of HP, straight finance and PCP deals, but now it’s possible to get hold of a brand new motorcycle by leasing it. Leasing comparison site Leasing.com, which already offers lease deals on cars, vans and used electric vehicles, is now offering a similar service for bikes and scooters. Initially, it’s for business and fleet users only, but a personal leasing option for private buyers is on the way.

It looks like there will be plenty of choice available, with bikes from all of the Japanese big four available, plus BMW, Aprilia, Harley-Davidson and Zero. Exact prices depend on the length of the lease (typically 36 or 48 months), the size of the initial payment and whether servicing is included, but a Honda CB125F could be had from £67 a month and a CB1000 Hornet from £177. A BMW R1300GS would set you back £266 a month, and a C400X scooter £137. The advantage over a conventional finance deal is that the deposit is flexible, and can be much less, at the expense of higher monthly payments.

“Our move into motorcycle leasing is a natural evolution of our platform and a direct response to growing demand for alternative mobility solutions,” said Mike Fazal, CEO of Leasing.com. “We’re proud to be first to market with a comparison service that brings the same transparency and choice to motorcycle leasing as we’ve delivered for cars, vans and used EVs.”

Jim Freeman, chair at the BMF, welcomed another finance option which could make new bikes more affordable. “Traditionally leasing has been very much a business only finance option, so this is an interesting development. One market that might be very interested could be bike users in business, where the whole cost could be offset against tax, as opposed to the traditional annual depreciation offset associated with other options. If you just want a flat fee per month and aren’t interested in ‘ownership’ as such, this could be for you.”

Written by Peter Henshaw

Top image courtesy of Leasing.com