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About Sparta
SPARTA Commercial Services is currently the only nationwide financial services company in the United States exclusively dedicated to the powersports industry.
Headquartered in New York City, with its Dealer Support Group located in Houston, Texas, SPARTA's position in the powersports marketplace is unique. With extensive experience in financial services, a strong background in powersports financing programs, and a personal devotion to motorcycling, SPARTA's management was able to assemble an exceptionally talented team to serve today's powersports industry.
Being powersports enthusiasts themselves, SPARTA's management was quick to recognize that by the early 1990's, the characteristics and demographics of the powersports community had changed dramatically from the mythological "bad boys" of earlier years, to an ever growing group of middle class men and women who were adventurous, but financially stable. Doctors and lawyers, accountants and architects, bankers and brokers, along with millions of others from virtually every segment of American culture, were becoming "bikers" and the powersports industry has since become a highly profitable and integral part of the American economic landscape.
As the profile of motorcyclists changed and the image of the industry improved, a group of business savvy enthusiasts recognized an opportunity and joined together to form a company that would serve the financial services needs and interests of powersports dealers and consumers throughout the country. SPARTA Commercial Services was born.
With a deeper understanding of the powersports community, a greater appreciation of dealer operations, and its positioning as a company serving only the powersports industry, SPARTA was able to develop a financial services program that offers a total spectrum of SPARTA branded financing programs and other industry related products. These include traditional retail installment contracts (The SPARTA Sport Loan), two leasing products (The SPARTA Flex Lease and The SPARTA Purchase Plus Lease), and the SPARTA Extended Service Contract and Gap Protection Programs. Additionally, and very importantly, SPARTA's credit criteria are among the most liberal in the industry, and the company's commitment to dealer support is unparalleled.
SPARTA's spectrum of financing programs covers all major brands of motorcycles, virtually all semi customs, most ATVs, and select scooters. So, whether you're a powersports enthusiast looking for the best financing source for your next new or used motorcycle, ATV, or select scooter, or a dealer who wants the best "one stop" source for liberal credit criteria, a real selection of financing products, and outstanding dealer support, we hope that SPARTA Commercial Services will be your choice.
Sparta Financing Products
SPARTA currently offers three outstanding financing products for new or used motorcycles and select scooters: The SPARTA Flex Lease, the SPARTA Purchase Plus Lease and the Sparta Sport Loan. With terms from 24 to 60 months, liberal credit criteria and a unique array of benefits and advantages – to both dealers and consumers – these 3 programs represent the most flexible and aggressive choices in powersports financing today.
SPARTA FLEX LEASE
The SPARTA Flex Lease is our preferred and recommended product because it offers customers more options and advantages than any retail installment contract – including our own. With the SPARTA Flex Lease, your customers will almost always have a lower monthly payment than that of a retail installment contract on the same unit. Plus, they’ve got 4 options at lease end…which no retail installment contract offers: They can (1) buy the unit for the original residual amount; (2) They can re-lease it either to own, or for an additional limited period; (3) They can upgrade to a new unit, or (4) They can simply walk away with no further obligation.
There’s also a very special feature to the SPARTA Flex Lease that’s unique in the marketplace– the “Early Upgrade.” The Early Upgrade opportunity applies when a customer has established a satisfactory payment history with us, and would like to get on a new vehicle before his/her lease contract expires. This means that as an authorized SPARTA dealer, you’ll be able to move more units more often…and generate greater customer loyalty! The Early Upgrade can occur after 2 years on a 3 year lease; after 2 ½ years on a 4 year lease; and after 3 years on a 5 year lease – without penalty! We believe that with the Early Upgrade feature, the SPARTA Flex Lease is the best and most aggressive finance program available. And, we think you’ll agree.
The SPARTA Flex Lease is available for virtually any motorcycle over 600cc’s. Residuals are almost always at least 40%, and as high as 65% of MSRP, depending on the unit. And the SPARTA Flex Lease can cover both new and used vehicles, with Harley Davidsons up to 7 years old and all other major brands up to 5 years old.
SPARTA PURCHASE PLUS
SPARTA also offers a “Purchase Plus” program that is designed expressly for customers who definitely want to own the vehicle at lease end. This program normally carries an 11% residual and has an initial term of up to 60 months, making it function similar to a retail installment contract. At lease end, the customer also has the option to pay off the residual balance over several additional months.
SPARTA SPORT LOAN
The SPARTA Sport Loan is our traditional retail installment finance product, but with the same liberal credit criteria that so many dealers want. We developed the Sport Loan specifically for those customers who are determined to “own” their vehicle immediately, and because we want our dealer network to have the best choice of financing products from one source…SPARTA. Click here to see if the SPARTA Flex Lease, Purchase Plus Lease, or Sport Loan are available in your state now.
Note: Dealer must provide all required stipulations prior to funding on all transactions.
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Frequently Asked Questions (FAQ)
Is it better to lease or buy a motorcycle?
That depends on how long you want to have the vehicle, how often you want to “trade up”, how much use you expect to have each year, and several other factors. See our “Lease or Buy” section for more information.
Can I lease a used motorcycle?
Yes. SPARTA leases quality used bikes through its authorized dealer network, including Harley Davidsons up to 7 years old, and all other makes up to 5 years old.
If I lease a motorcycle, can I customize it?
Yes. Under the SPARTA Flex Lease program, you can add any bolt on accessories or special paint packages prior to delivery of the bike and we will incorporate the cost into your lease payments. After delivery, any original parts that you replace with custom items during the term of the lease should be retained until lease end. If you turn in the motorcycle, it will need to be returned with the original parts.
If I lease a bike, can I eventually own it?
Yes. You’re not obligated, but at the end of any SPARTA Flex Lease, you can buy the bike for the indicated “residual” amount, which you’ll know at the beginning of the contract. Typically, the “residual” will be about 40%, or more, of the original purchase price of the vehicle, which you weren’t paying during the term of the lease. In many cases, SPARTA will finance the “residual” balance for an extended period of time.
Is the interest rate the same on a lease or a loan?
As a matter of law, there is a difference in how this is described. A loan carries an interest rate, charged to the borrower, and calculated as an “annual percentage rate” (APR). On a lease, there is a “cost of funds”, also known as a “money factor”, charged to the lessee. Although the terms are different, they function similarly. And, whether you lease or purchase through the SPARTA network of authorized dealers, our rates and factors are extremely competitive.
Are there mileage restrictions on a lease?
Yes. On touring bikes or cruisers, the annual allowance is 8,000 miles. On sport bikes, the annual allowance in 6,000 miles. For most riders, these allowances are more than enough. In the event of a significant excess over the annual mileage allowance, there could be a charge of 10 cents per mile for the excess mileage.
Contact us with any other question you might have about leasing or financing your next motorcycle or scooter.
Contact Us
Sparta Commercial Services Inc.
462 Seventh Avenue
20th Floor
New York, NY 10018
United States - Map
Phone: 212-239-2666
Fax: 212-523-0585
Web Site: http://www.spartacommercial.com
Sparta Commercial Services Inc.
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