Motorcycle Loan Calculator

A motorcycle dealer usually offers a subsidised APR or a cash rebate, never both, and which one is cheaper depends on the amount, the term and the gap between the two rates. Enter the out-the-door price, your down payment and trade-in, the term, the promotional rate, the rebate you would give up and the rate your own bank or credit union would charge, and this returns both monthly payments, both interest totals and which offer costs less over the term. It also returns the rebate that would make the two exactly equal, so you can see how far the offer is from flipping. Insurance, gear and lender fees are outside the comparison, and a promotional rate normally requires strong credit and a shorter term.