The 1994 Honda Magna is a cruiser motorcycle sporting the characteristic low-slung saddle, just 28 inches high, and the passenger seat being removable. The bike has a 748 cc liquid-cooled V4 engine, generating an output of 78.2 BHP (Break Horse Power) at 9000 revolutions per minute (rpm) with a torque of 65 N-m at 7250 rpm. Having a solid-state digital ignition, and a four barrel 34 mm carburetor, the engine emits a steady, consistent purr. The bore and stroke dimensions are 70 by 48.6 mm and the compression ratio is 10.8:1. The Double Overhead Camshaft (DOHC) infrastructure has four valves per cylinder, with one camshaft controlling the intake valves and another controlling the exhaust valves.

The motorcycle incorporates a five-speed transmission. The 41 mm cartridge fork front suspension and the dual shock rear suspension, with a five-way spring preload adjustability, ensure a relatively smooth ride even on bumpy roads. Safety has been a paramount consideration in the design of the bike, with the center of gravity being kept low through a judicious distribution of the body weight. The front brake is a 1-piston caliper, 12.4 inch disc brake, while the rear brake is a single-leading-shoe drum brake. The 120/80-17 front and the 150.80-15 rear tubeless tires are designed to increase traction. The wheelbase is 65 inches.

The dry weight of the bike is around 229 kilograms and the tank has a fuel capacity of 3.6 gallons. Customers have a choice of colors such as black, magna red, or pearl shining yellow.