You just bought a new Royal Sheffield motorcycle with a 500 cc "British Single" engine. As you hear the deep growl of 27 untamed horses under your seat and as you see others gawk at the classic war-era styling, you start thinking about how you're paying for it. You got a 6 percent APR loan through your bank with a term of three years. Until you pay off your motorcycle, the bank will keep the title; as a result, this would be considered a finance lease.

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The Answer of You just bought a new Royal Sheffield motorcycle with a 500 cc "British Single" engine. As you hear the deep growl of 27 untamed horses under your seat and as you see others gawk at the classic war-era styling, you start thinking about how you're paying for it. You got a 6 percent APR loan through your bank with a term of three years. Until you pay off your motorcycle, the bank will keep the title; as a result, this would be considered a finance lease.

You Just Bought a New Royal Sheffield Motorcycle with a 500