Furthermore, aside from this new consumer financing solution, buyers of the Zero S or Zero DS motorcycles are also eligible for a Federal tax credit of 10 percent off the purchase price. This will not only reduce the price to $8,955, but will also get monthly payments as low as $290 a month with a down payment of $1,000.
Moreover, the company tells us the loan can include the purchase of accessories, upgrades and apparel. As part of the process, the buyer sets the maximum financing rate they're willing to pay and lenders bidding in the Prosper marketplace can bid at or below that rate, providing an opportunity for the rate to be bid down. Once the auction ends, Prosper takes the bids with the lowest rates and combines them to facilitate the funding of one simple loan to the borrower.
"Our partnership with Prosper empowers our customers to secure a loan with reduced interest rates that will fund their motorcycle and riding equipment," says John Lloyd, VP of World Wide Sales, Zero Motorcycles, in a statement for the press. "Zero and Prosper are revolutionizing their respective industries. The result is an innovative loan for an innovative motorcycle."
"Zero Motorcycles is a green technology leader and represents the future of its industry," said Chris Larsen, Chief Executive Officer and Co-founder of Prosper. "By working together to provide an innovative financing solution for Zero's customers, we're empowering people to make a tangible, positive environmental and economic impact at every level of the transaction."
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