Buy The Motorcycle of Your Dreams

Thinking of your dream motorcycle? If you don’t have the cash, you no longer have to cut expenses and save money for months or years to get your dream ride. You can ride out on the motorcycle in just a few days!

First things first, you must consider a few points before making your purchase. Let’s look at what those are.

Why Buy a Motorcycle?

Buying a motorcycle might be your best option if you want to spend less fuel or beat the early morning traffic. The debate between a car or a bike has been around for decades and continues to be a talking point when considering your favourite mode of transport.

There are many benefits to buying a bike. Some of these include the ease of parking, the freedom it gives you or the lower petrol prices. Let’s look at how you can get a motorcycle even if you don’t have the money right now.

How Does a Motorcycle Loan Work

Motorcycle loans are similar to car loans, where Credit24 provides funding, and you repay the loan in monthly instalments.

The good news is; motorcycle loans are a lot smaller than car loans because of the price difference. Let’s look at the questions you should ask yourself before taking out a loan.

• What can I afford to spend? – Choose a loan amount that you can afford to pay back. Using our payback calculator, you can choose how much and for how long you want to borrow the money and then get an idea of your monthly repayment amounts.
• How much time do I have to repay the loan? – Repaying your loan is simple and affordable. Your minimum repayment amount is based on how much you have taken out of your available balance, along with the interest charged on the loan.
• What additional costs are there? – Applying for and using your personal loan is free of charge. There is no fee for keeping the account open, and you are never charged for making additional withdrawals or paying down your amount. Only the interest on the amount deducted will be due to you.

How to apply for a motorcycle loan

Motorcycle loans function differently than auto loans, but the application process is very similar:

1. Double-check your credit report for any problems that might be lowering your score. Your motorcycle loan rate will be better the higher your credit score is.
2. Get your documents ready. You will need to provide your contact information, proof of salary, and other documents to be considered for a loan.
3. Think about other costs before you apply, which includes the cost of accessories, sales tax, and registration costs.
4. Rethink your loan. You might not need a new motorcycle, but you can use your motorcycle loan for repairs, oil, and tyre changes.

Conclusion:

A motorbike loan might be a good option if you don’t have the money to buy a motorbike immediately. Simply select the loan amount you want and apply today.

 

IPF Digital Australia Pty Ltd, trading as Credit24, ABN 59 130 894 405. Australian Credit Licence 422839. The information in this article is of general nature and does not take into consideration your objectives, financial situation or needs. Lending criteria, fees and charges apply. For more information about IPF products, eligibility criteria and terms and conditions, please visit www.credit24.com.au.

Sources:

https://www.lendingtree.com/auto/motorcycle/get-motorcycle-loan/

https://www.budgetdirect.com.au/motorcycle-insurance/guides/motorcycle-vs-car-8-reasons-to-ditch-your-car-for-a-motorcycle.html#:~:text=Motorcycle%20vs%20car%3A%208%20reasons%20to%20ditch%20your,Resale%20value%20…%208%20%238%20Keeping%20clean%20

https://motogearknowledge.com/6-reasons-why-people-buy-motorcycles/