Scooter financing

Are you trying to trim your gas budget? Or maybe you’re just interested in an alternate way of getting around. For commuting and short trips, a scooter is a great solution. Scooters are cheap to operate and fun to ride. Scooter financing can let you get a new ride by paying over time with convenient monthly payments.*

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Financing scooters

Just as you finance other vehicles (like your boat), you can get an installment loan for your new scooter. With a Synchrony Installment Loan, you can choose from the brands you love and finance your new or used scooter at a variety of dealerships.* Plus, you can roll the upgrades and equipment you need — like a lock, new helmet, and maintenance plan — into one installment loan at the time of vehicle purchase.

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Why choose Synchrony for financing?

A Synchrony loan offers flexible terms, allowing you to pay back the loan over time and make convenient monthly payments.* You can also use the loan to purchase the approved accessories and gear you need at the time of vehicle purchase.

  • Banking you trust: Synchrony is a Fortune 500 bank that’s been helping consumers for more than 90 years.
  • Brands you love: We partner with 100+ powersports brands for you to choose from.
  • 4,500 dealers: Synchrony loans are offered by over 4,500 dealership partners to help you get the powersports vehicle you want with financing.*
  • Lightning-fast decision: Get a decision about your loan application in 60 seconds or less.
  • Autopayment: Never miss a payment. Call Synchrony’s customer service and set up your automatic payments.
  • Early payoff: No early payment penalties or fees if you’d like to pay your loan off early.
  • Equal payments: Making predictable monthly payments over the life of the loan may help fit the cost of your purchase into your budget.

Ready to ride? Find a dealer near you that accepts Synchrony financing.

Learn more

Motorcycle financing
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Types of scooters

You may remember human-powered ride-on scooters from your childhood, but those aren’t the scooters we’re talking about. The scooters we’re discussing are a type of motorcycle. You might also hear these called mopeds, motor scooters or Vespas.

Motorcycles you can step through

Scooters are motorcycles you can step through, as opposed to straddling. The driver sits on a seat, with their feet resting on a platform. Scooters have relatively small engines, between 50cc and 250cc (cubic capacity), and are designed to carry one or two people.1

Electric scooters

Another option for commuting short distances is an electric scooter. Electric scooters more closely resemble the scooters of your youth. The driver stands on the scooter, which is moved by an electric engine. These are extremely lightweight; some can even be folded up to take into an office or on the subway.

 

Here’s an overview of three types of scooters that commuters and other drivers might consider.*

Scooter Type Rider Capacity Engine Important Details Estimated Cost
Electric Scooter 1 250- to 3,000-watt electric motor. Some models have a motor on each wheel.2 Driver stands. Good for short solo commutes. $300-$2,5002
Moped 1-2 Less than 50cc1 Think of it as a cross between a bicycle and a motorcycle. No special licensing required in most states.3 Top speed of 28 mph; can’t be ridden on highways.1 $700-$3,0003
Scooter 1-2 Usually 50cc-250 cc, though some models can have up to 850cc1 Requires a motorcycle license. Most can reach highway speeds. Automatic transmission, unlike other types of motorcycles.1 $2,000-$10,0003
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How to apply for a scooter loan

With Synchrony, getting started with scooter financing is simple. Talk to your favorite enrolled dealer. When you apply for a Synchrony loan using our digital application, you’ll need to provide your:

  • First and last name
  • Address
  • Email
  • Social security number
  • Date of birth
  • Income information
  • Vehicle information
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Scooter accessories

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Powersports financing for beginners

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Motorcycle accessories

*Offer subject to credit approval by Synchrony Bank.

Sources

  1. Frazer Ansell. Moped vs scooter: What’s the difference? Bike Sure. June 27, 2024. Accessed August 19, 2024.
  2. Electric Scooter Guide. Ultimate Guide to Electric Scooters. Accessed August 11, 2022.
  3. MotorcycleZombies. How Much Does a Moped Cost? Accessed August 11, 2022.
  4. National Highway Traffic Safety Administration. Motorcycle Safety. Accessed August 11, 2022.
  5. Francois Steyn. AdventureBikeTroop. Scooter vs Motorcycle Safety: What Does the Research Say? Accessed August 11, 2022.

The information, opinions and recommendations expressed in this content are for informational purposes only. Information has been obtained from sources generally believed to be reliable. However, because of the possibility of human or mechanical error by our sources, or any other, Synchrony and any of its affiliates (collectively, “Synchrony”) does not provide any warranty as to the accuracy, adequacy, or completeness of any information for its intended purpose or any results obtained from the use of such information. The data presented was current as of the time of writing. Please consult with your individual advisors with respect to any information presented.