Motor Bike Finance

April 11, 2009 by admin  
Filed under Car Finance, Finance

Motor bike finance is usually quite easy to obtain there’s nothing wrong with getting finance on that bike your going to love fo years to come just be careful and make sure it is in fact the bike you will keep for a few years as you may workout paying a lot more then it is worth if your just going to buy a bike to stuff around on for the weekend then I would not even consider finance as you can by cheap reliable bikes for a few hundred bucks online and if you can’t save a few hundred bucks then how are you going to pay a thousands in finance for the best bike you can buy?

You may also consider using a lease agreement if your going to be using this bike for a business and use it on a daily basis that way you can claim a lot of expenses on your tax and reduce the repayments for your motorbike finance this would be the more smarter way to obtain the bike you want and pay less for it in finance costs.

Another option might be simply be to save up rather then getting finance work out how much will this bike costs you if you get finance now as opposed to saving for 12months and waiting it out as a rough calculation say the bike finance is $50 a week for 5 yrs this would costs you $24,700 if at the general 18% interest on a $13000 bike as opposed to saving up for 12months say at $100 a week to give yourself $5200 and by then that 10k bike is most likely around this sort of money and you can now buy it all because you were careful with your finances for 12months.