Peak Powersports London Finance Department

An Obvious Choice

Our Standard Finance option is straightforward and perfectly suited to many buyers. We offer competitive interest rates and contract terms from 24 to 60 months that combine with a wide range of down payment options, and you are free to choose weekly, bi-weekly or monthly payment options. Sometimes the best choice is the obvious one.

OwnersChoice

Here's a great program from BMW Canada to make owning a new BMW motorcycle easy for you. OwnersChoice is not a lease, it's a loan with the payment- lowering features of a lease. YOU own the bike, and at the end of the contract, it's your choice what to do with it.

Similar to a lease, you finance much less than the entire price of the machine because you are only going to "use up" a certain amount of its' value during the term of the financing. At the end, the residual value is still owing: you can trade the bike in and pay off the residual, keep it and refinance or keep it and pay off in cash. The residual value is set by BMW to a fairly low value; most well-cared for bikes will probably be worth more so you may get a nice bonus when you go to trade it for your next bike. You can also set the residual value lower than BMW's recommendation (a residual value of zero is a regular loan).

Ask us about some very useful accessory credits. In all cases a down payment is OPTIONAL. Here is an example of OwnersChoice financing and low Canadian retail pricing:

2018 R1200RT (base price)	$ 21,750.00
Freight, PDI & Administration	$ 950.00
Ontario Tire Stewardship/OMVIC	$ 11.38/10.00
HST	$ 2,861.48
Security registration fee	$ Depending on length of term
Optional down payment	$ 5,000.00
TOTAL FINANCED	$ 20,449.16

With just $5000 down payment and a four-year term, under the OwnersChoice program you pay only $249.41 monthly. With the usual straight loan for four years at the same rate of 3.99%, (also available under OwnersChoice) your monthly payments would be $377.65. The OwnersChoice residual amount at the end of four years is $8,500. The bike should be worth at least that much if you take good care of it, and keep in mind that you have laid out additional loan payments over the four years .

And now, ask about accessory discounts for remaining 2017 models. Some bikes can qualify for a $1500 accessory discount. Buy a riding suit, buy a Navigator, get case liners: the possibilities are many! With optional down payments, flexible residuals, a bi-weekly payment option, and terms from 24 to 60 months this program can be tailored within a wide range to fit your needs.

Please feel free to contact us for more details. As always, we would be happy to work with you to get you riding the new BMW of your choice. Stop in for a coffee and visit with us and the bikes or give us a call or e-mail.

NOTE: Rates and details are subject to change without notice. This page is presented for information purposes only; please see us for full details.

Apply Today

There's no reason to wait! To get a quote, apply now. Our staff will contact you about our available financing options.