FAQ
FREQUENTLY asked questions (faq)
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Q.
Do I own the bike?
A.
No—this is lease. Horsepower retains ownership and the title. You’ll only own it if you purchase it at the end or exercise an early purchase option.
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Q.
Will I own the bike after my last Lease payment?
A.
No, unless you exercise your purchase option at lease end. Horsepower retains the title.
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Q.
Can I return the bike at any time?
A.
Per the terms of the lease, you are responsible for the remaining lease payments should you return the bike . If you face unexpected life events, contact us—we’ll may be able to work with you to find a solution.
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Q.
What are my options at lease end?
A.
You can:
1. Return the bike to your dealer or Horsepower;
2. Purchase it for the amount listed in your lease;
3. Trade it for another bike at a Horsepower Select Dealer;
4. Renew your lease—often at a reduced monthly payment. -
Q.
What are my payment options?
A.
We accept Debit or Credit Cards (prepaid debit cards are not accepted).
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Q.
Can I pay bi-weekly?
A.
Yes—you can pay weekly, bi-weekly or semimonthly, as long as payments are received by the monthly due date. Call us at 888‑710‑2061 to set it up; dealers cannot make the change.
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Q.
Can I pay extra to lower the purchase price at lease end?
A.
No—there is no option to reduce the purchase price through extra payments.
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Q.
Does Horsepower report to credit bureaus?
A.
Yes. We report all transactions to Experian and TransUnion.
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Q.
Is a down payment required?
A.
Yes—a Capital Cost Reduction (often referred to as a down payment) is required and will be a % of the agreed upon value of the vehicle, which is determined based on several factors.
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Q.
What amount is due at signing?
A.
The amount due at signing includes your Capital Cost Reduction, the first month’s lease payment, taxes (where applicable), and any required fees or additional taxes.
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Q.
Does Horsepower cover maintenance?
A.
No—maintenance is the Lessee’s responsibility. Many dealers offer maintenance and extended service plans, most of which can be written into the lease.
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Q.
Will I receive a payment book?
A.
No—payments are automatically deducted each month using your method of payment on file.
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Q.
Who do I call with lease questions?
A.
Call or text Customer Service at 888-710-2061 for any questions regarding your lease terms and conditions.
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Q.
Is there a mileage limit?
A.
No—you can ride as much and as far as you want.
At Horsepower, we thank you for your business. We are excited to help you to Ride, and
ride as much as you want.
We truly want a seamless, easy experience for you.
James Manatee
James Manatee; Rider Advocate
