When you take out a motorcycle loan, it allows you to buy a brand-new motorcycle, and all you need to do, is to pay your monthly instalments on time. In many cases, you don’t even have to put a down payment, or if you do, it will be a very small amount. Getting approval is normally quite straightforward, and you should be able to drive your motorcycle out of the showroom that very same day. If you are tempted to just put the money down immediately, and buy the motorcycle out right, then before you do, have a look at some of the benefits of getting a motorcycle loan.
Your main dealer should be able to offer you the many options for Yamaha motor finances in NSW, and once you decide on the right loan for your personal circumstances, you get to enjoy the benefits of choosing to finance your vehicle.
- It saves you money – If you want to pay cash for your next motorcycle, then it is very likely that you can’t afford a brand-new one. Second-hand motorcycles may not be the most reliable, and there is a high likelihood that it might break down, and this might result in costly repairs. When you take finance out, you get to choose from a wide selection of new Yamaha motorcycles, that won’t need any additional repair costs for a considerable amount of time. You will have a warranty to cover you for the first few years anyway.
- It’s good for your credit – If you have a fairly weak credit history, then taking out your next motorcycle on finance, will allow you to improve on your credit rating. As long as you make your payments on a regular basis, and you pay on time, then everything should be fine. You also don’t need to put up any collateral when buying your new motorcycle, because the motorcycle itself, will serve as the collateral for the financial loan.
You also get to enjoy the many perks that your Yamaha dealer can offer someone that buys a new motorcycle, and takes it out on finance. They might offer you a free helmet, free road tax, servicing, and a tank full of fuel. These added bonuses may not be available to those who buy a motorcycle for cash. You get to be in control when you take out financing for your new motorcycle, and you get to decide how much money you would like to pay back every month.