Santander Consumer Bank supports 1.99% APR under new KTM agreement

Motorcycle manufacturer KTM is offering financing with as low as 1.99% APR on units sold in Canada thanks to an agreement with Santander Consumer Bank that launched in early August, shortly after the lender was established as a licensed bank in Canada on March 5. The deals come after Santander signed on to offer full-spectrum promotional financing for KTM Canada, effective Aug. 1, according to a company release. The programs are available for KTM products along with Husqvarna and GasGas motorcycles. [caption id="attachment_58354154" align="aligncenter" width="1024"]<img class="wp-image-58354154 size-large" src="https://www.autofinancenews.net/wp-content/uploads/2025/08/338874744-1024x683.jpg" alt="Partly-assembled KTM 1290 super adventure motorcycles sit on the assembly line inside the KTM-Sportmotorcycle AG motorcycle manufacturing facility in Mattighofen, Austria, on Monday, April 29, 2019. As Austria emerged from the rubble of World War II, KTM churned out inexpensive, durable two-wheelers to help a broken nation hit the road again. Photographer: Michaela Handrek-Rehle/Bloomberg" width="1024" height="683" /> (Courtesy/Bloomberg)[/caption] Through Sept. 30, qualified consumers can purchase select new model year 2024 and 2023 offroad and street KTM motorcycles with 1.99% APR for up to 60 months when financed through Santander, according to KTM. Some new 2025 model year units are available at 3.99% APR for up to 60 months. Canadian launch While Santander has for several years provided financing for KTM globally, the arrangement “formalizes full subvention and deferral support programs to all KTM and affiliated dealers nationally in Canada,” a Santander spokesperson told Auto Finance News . “Santander brings an additional buying criteria to the KTM offer and can potentially increase the number of overall approvals seen by dealers through our full spectrum credit offerings.” Promotional rates and deferral offerings are typically in place for 30 to 60 days and “make it easier for consumers to get into the motorcycle they desire,” the spokesperson said, noting that the KTM program expands the bank’s relationship with the manufacturer and its dealership base. Expanding Canada presence Santander has a 30-plus-year presence in Canada spanning prime and non-prime auto financing and works with four powersports manufacturers in the country, the spokesperson said, noting that the bank globally works with more than 120 manufacturers across auto and powersports. Santander Consumer Bank in Canada works with more than 3,600 automotive and 500 powersports dealers nationally, according to the release. Other deals Santander adds to KTM’s pool of lenders offering promotional financing for its products. Also through Sept. 30, TD Auto Finance is supporting 0.99% APR for up to 60 months on new model year 2024 and 2023 offroad and street motorcycles and 2.99% APR on select new model year 2025 motorcycles, according to KTM. KTM sold a total of 100,391 motorcycles to end customers in the first half of the year, spanning KTM, GasGas and Husqvarna units globally, according to a July 9 company release. KTM also delivered 50,286 motorcycles to dealers and importers in H1. Powersports Finance Summit 2025, a premier event for companies involved in recreational vehicle financing, will feature a session on motorcycle financing with speakers from Kawasaki Motors Retail Finance and Harley-Davidson Financial Services . The summit returns Sept. 23-24 at the Sonesta Columbus. To learn more about the event and register, visit www.PowersportsFinance.com .

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