Buying a motorcycle can be exciting. The lure of the leather jackets, the pride of the rider clubs, and the exciting cafés and rider meets are reason enough to buy a bike. Or one could be buying a bike simply because they need to get from point A to point B. However, there are certain things you need to consider before you buy one.
What will you use it for: There are different kinds of bikes available depending on various needs like sports bikes, street bikes, dual purpose bikes and off road bikes. Taking a sports bike down a rutted dirt trail could easily end up in being a bad experience. So, it is best to do some research on the types of bike before you decide to buy one. Factors to consider before you buy one are motorcycle CC, engine size and power and seat structure and comfort.
Budgeting for a Bike: You can own a bike that costs anywhere between $5000 to $25,000. Once you have zeroed in on the type of bike you want, find out the going rate for the same- this may vary from brand to brand. Decide on a budget and then go ahead. Ask the dealer if you will get discounts if you pay using a cashier’s check. Keep in mind, costs for other elements like delivery or transportation charges, maintenance fees, sales tax, registration costs, expenses for helmets, and other protective gear.
Old or used: Your first bike can be a used one. We will tell you why. Used bikes will cost you a lot lesser. Moreover, if you figure out that you don’t enjoy the bike you bought as much as you expected, you can always sell it off quick and move on. However, here are a few things you need to keep in mind before going for a used bike- Accident history, the number of owners a bike has had, odometer readings and service history.
Financing for your Bike: You probably can buy a bike with very little money as down payment. However, the more money you offer upfront, better the deal you get. But if you do need financing, try getting a pre-approved loan. The interest rates of course, will vary on factors like credit history, down payment and length of the loan.
Dealerships vs. Private Sales: Depending on your personal preference and benefits each offers, you will need to choose between a dealership or a private buyer. Dealerships offer you more bike options, a service department and financing options. Dealership bikes also comes with warranty.