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Frequently Asked Questions
At Revival Powersports, we're an open book to help you understand every aspect of every deal, no exceptions.
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Financing F.A.Q.
What are the minimum requirements to get approved for financing with Revival Powersports? Income Requirements: • You must have a minimum of $2,000 per month in income. Credit Requirements: • There is no minimum credit requirement to get approved with options for prime and bad credit applicants. Service Area: • We currently provide service in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and all maritime provinces. We do not currently service Quebec, Yukon, Nunavut or Northwest Territories. Other Requirements: • A government issued drivers license is required for nearly all approvals. That being said, a motorcycle license is generally not required for financing. • You must be able to obtain full insurance coverage.
What interest rates are currently being offered for powersports & recreational financing? Current rates are as follows: • Pristine & Top Credit starts at 9.9% • Mid-Tier Credit starts at 14.9% • Bad Credit Starts at 19.9%
Can I know my rates, terms or payments before applying for financing? The answer is no. Any other dealership or company offering you any sort of indication is completely guessing. The only way to know your true loan parameters is through completing an application.
What documents will I be required to provide to lock in a financing approval with Revival Powersports? Our lenders are each independent and thus require different items depending on the applicant. Typically you can expect the following: • Valid drivers license • Proof of income. Typically this is your two most recent paystubs. Self employed contractors and business owners may require bank statements, invoices as well as tax documents. Pension and disability applicants may require banking to prove deposits as well as a government issued statement of accounts.
How long does it take to get approved and how long is the typical financing process? You will hear back from our team within one business day of applying. Our process to buying the perfect ride is streamlined, however timeline may vary. Expect at least 2-4 business days from the time you decide to move forward on an option to the time you actually take ownership.
What are the current caps and term lengths for recreational financing with Revival Powersports? Currently the parameters for financing are as follows: • Minimum purchase amount is $2,000 with a maximum of $80,000. • Minimum term length is 2 years with a maximum of 20 years. All caps and term lengths are subject to approval conditions and span our entire network of lenders. Specific lenders may not offer the same rates or caps.
What lenders do you use for financing? We have access to an expansive selection of lenders with access to most of which any other dealer in Canada would use. The lender that we choose specifically for your approval will depend on your credit, unit type and budget.
Do you offer in-house financing? While we do not have a direct in-house program, our relationship with our partner lenders are beyond what many other dealers would have. As such, we are proud to be able to offer approvals where many other dealers would not be able to.
Fees & taxes F.A.Q.
Do any of your lenders charge pre-payment or early buyout penalties? No. We do not associate with any lender that charges any sort of penalty for extra payments or early payouts.
What fees can be expected when financing or purchasing from Revival Powersports' inventory? We're proud for our full-transparency nature when it comes to selling rides. Here is what you can expect when buying with us ... Cash Deals: • We are proud to be one of very few dealers who will charge ZERO fees on cash deals. Our best cash price is included and shown on every unit page in our inventory. Financing Deals: • We charge a flat $499 documentation fee. This applies to every customer regardless of credit situation or unit choice. Unlike many other dealers, we NEVER inflate our doc fees to offset sale pricing. The price shown as the list price on our inventory pages includes this fee. • Our lenders charge anywhere from $199 to $999 subject to approval.
What fees can be expected when financing private sales from outside of Revival Powersports' inventory? We're proud for our full-transparency nature when it comes to selling rides. Here is what you can expect when financing with us ... • We charge a flat $499 documentation fee. This applies to every customer regardless of credit situation or unit choice. • We charge 10% markup on the cost to buy the unit in from the private seller. This is our margin on the sale. All units must be bought into our inventory in order to allow us access to use our lending network. • Our lenders charge anywhere from $199 to $999 subject to approval.
Are there additional fees if I use my loan approval to buy from a different dealership? When using your loan approval with us to buy from another dealership, there may be additional admin fees and taxes charged by that dealer. We based our fees and your loan amount on the full cost (all-in price) to buy that unit into our inventory. We suggest negotiating the purchase price if you are concerned with the fees and taxes charged another dealership as they are out of our control.
How does sales tax work when purchasing or financing with Revival Powersports? GST is charged on all purchases through all services we offer. No exceptions. PST may be charged depending on your province. In many cases, this is collected by your registry agent and therefore may not be included in the loan unless requested as such. HST may be charged depending on your province. It may be waived in the event that the unit is delivered outside of Alberta and registered within 7 days. Any amounts can be requested to be added to the loan.
Why do you have to charge GST on the sale? A competitor of yours said they do not have to. Our process differs from our competitors to ensure your safety on the purchase. We act as a middleman and take ownership of the unit in order to grant access to our lending network. This allows us to confirm the sellers identity, search for liens and verify ownership. There have been horror stories from our competitors where they finance units with liens, undisclosed write-offs or rides from scam sellers leaving their customers to deal with the result.
Why is GST charged on a used unit? Wasn't it paid when the unit was bought new? Because our government requires us to charge GST. And yes, it was paid originally as well.
Do you accept customers who are exempt from paying taxes? Absolutely! We will require valid, non-expired proof of exemption and the unit will need to be confirmed that it is delivered to a reservation.
Consignment F.A.Q.
What fees are involved with consigning my motorcycle or ATV with Revival Powersports? Our fees are simple. We charge 15% deducted from the agreed on sales price. All of our inventory is required to be serviced and inspected. There is a $100 charge for the inspection from our service partner.
Will it cost my anything up-front to consign? There is zero up-front cost to consign, even if your ride needs service. We cover all costs up until sale or removal from our program.
I won't be able to bring my ride to you, can Revival Powersports provide pickup options? Yes! We pick up for free in Edmonton or for a fee to bring it in from outside our area. All fees charged, as noted prior, are collected upon sale or end of the agreement. There are zero up front costs to consign with us.
Should I keep my insurance active on my ride while it is at Revival Powersports? All of our inventory is fully insured while in our showroom. Some consignors choose to keep their insurance active for their own peace of mind, however it is not required.
How does sales tax work when purchasing or financing with Revival Powersports? GST is charged on all purchases through all services we offer. No exceptions. PST may be charged depending on your province. In many cases, this is collected by your registry agent and therefore may not be included in the loan unless requested as such. HST may be charged depending on your province. It may be waived in the event that the unit is delivered outside of Alberta and registered within 7 days. Any amounts can be requested to be added to the loan.
Do you offer test rides on consignment inventory? We do not offer test rides on any of our inventory under any circumstance outside of the full purchase price being covered.
How safe and secure is my ride while it is at Revival Powersports? In addition to our insurance coverage, we have two security systems on site as well as overnight watch in our complex.
I would like to consign, but my ride has a lien on it. Can we still work out an option? In most cases, yes. We have direct connections to nearly all of the lenders in Canada and can ensure that the lien is paid out upon sale. If the lien is held by a lender outside of our network, we will work on a case by case basis.
What documents are required to consign with Revival Powersports? We require the following to accept your ride into our consignment program: • Valid identification to confirm identity. • Valid proof of ownership in the form of registration or bill of sale in your name solely. • A means of accepting payment. We pay via Interac Etransfer up to $10,000 daily until paid in full. We also allow for pickup of bank drafts during showroom hours. We do not mail bank drafts or cheques.
Warranty F.A.Q.
Does Revival Powersports offer any no cost warranty or guarantee on units sold out of their inventory? While we don't specifically offer any guarantees, we do run ever unit that comes into our inventory through a full inspection. This is completed by our 3rd party service partners at Unleashed Cycle and Sled. which ensures that not only our reputation, but their reputation is attached to every ride we sell. The service report is available to view on each listing in our inventory. While there is no contractual warranty coverage or obligation, we spare no expense to ensure that any service required to be mechanically sound has been completed.
What warranty or insurance options do you offer for sale? We offer the following products currently: • SAL Mechanical Assistance - Extended warranty coverage to help in the event of unexpected repairs. This low cost plan covers the major high expense components, includes benefits such as roadside assistance and is available for motorcycles up to 12 model years old. • IA Companion GAP Plus - GAP protects you from the burden of negative equity in the event of total loss. With affordable premiums and a kickback when you purchase a replacement unit with the same dealer; it is a great option for extra peace of mind. • Invisitrak Anti Theft - This traceable marking solution actively protects your unit by marking it with security codes. If the unit is ever stolen it can be identified in a database for easy access to law enforcement. The program covers up to $7,500 in expenses.
What are the costs associated with the warranty options you have available for purchase? Prices range subjected to make, model, year, value and term length. Estimates for each coverage based on our average deal amounts based on biweekly payments on a 72-month term are as follows: • SAL Mechanical Assistance: Expect $15-25 per payment for 2 years of coverage. • IA Companion Gap Plus: Expect $10-15 per payment for coverage for the entire loan term or until used. • Invisitrak Antitheft: Expect $5 or less per payment which covers for the full loan term or until use.
Warranty Resources
We're proud to provide CARFAX history reports with every ride.
Available on all of our in-stock inventory and private sale buy-ins.
All units in our inventory are serviced by
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