Are you looking to buy your dream bike at a low interest rate? Try our Ask4Finance Bike Finance. You can get your loan pre-approval set up with one of our competitive bike loan lenders before heading out to order your dream bike today.
A bike is an affordable and sometimes preferred mode of transport for many a reason, one being it is a convenient and economical mode of transportation. Different banks offer loans with low upfront payment, but unfortunately some of these banks fail to deliver a quick, convenient process with fast turnaround times for approval and loan processing. That’s where Ask4Finance is ahead of the rest. We offer fast, flexible bike finance covering many different customer scenarios and loan structures. If you are thinking to get a bike loan from a dealership, it may turn out to be a more expensive for you. Our loans are very competitive and when you consider the low interest rates on offer from our panel of lenders you can rest assured that we will fight to get you the very best deal on the market today. Check out our repayment calculator to work out your weekly, fortnightly or monthly budget before applying. Getting finance for a bike can be quite different from a car loan. Let’s take a quick look at the process.
What do you need for bike finance?
With your permission, we can arrange to get you a copy of your credit report so we can help determine how lenders may view your credit file; in their view you are either a good risk or possibly a poor risk. Either way, it is good to know this information up front so we can better help structure your loan application to show the lender the big picture. The lender will evaluate your credit file for different attributes, such as defaults, delinquencies, court judgements and excessive open accounts.
What is the difference between an auto loan and motorcycle loan? The most highlighted difference is financing options and terms for the bike loans. Lenders may be happy with financing 100% of the value, but you may find that putting some money down up front will help you in a couple of ways. This includes having a lower repayment each week and faster depreciation of your motorcycle finance amount outstanding. You can mitigate yourself against some various risks by protecting both your bike and your loan by taking up options of insurance. The options may be able to be packaged into your loan repayment to make the premiums more manageable. Proof of insurance is generally required to settle your bike finance with the financier. If you have more questions about insurance, why not ask one of our accredited insurance consultants for more information regarding the types of bike and loan insurances that you may qualify for.
Make sure that you consider all options before jumping into dealership financing. Most dealerships will only have one financier option to offer you, but at Ask4Finance we take a more serious broader view of your application and consider multiple lenders appetites for your business before negotiating the very best outcome for you.
In short, review all options before deciding on the type of bike loan that you are comfortable with. At no cost to yourself, we can help you collect information about the potential motorcycle lenders and make sure that you are dealing with a reputable and ethical lender before signing a loan agreement. We can help you understand what bike finance you can qualify for and apply for an appropriate loan according to your own situation and capacity. Ask4finance offers you the most competitive choices for bike loans on today’s market and our business has been helping our customers facilitate the best bike loan for more than 10 years. Apply now or contact us for more information.