Are you unsatisfied with your current bike loan? Looking for better rates? Want to extend your loan term? A motorcycle loan refinance may be the solution to your bike loan woes!
Aussie Bike Loans can help you get a better deal on your bike loan with a refinance that’s tailor-fit to your needs. Apply for a quick quote today or schedule a call with us!
Refinancing a motorcycle loan involves closing your current loan and replacing it with a new loan, usually from another lender with lower interest rates or a different loan term. Your original loan will be paid off by your new lender after which you’ll start repaying the motorcycle refinance loan.
A lot of borrowers consider refinancing their motorcycle loan so they can get lower interest rates, more favourable loan features, or flexible loan terms. Refinancing your current bike loan might be a good idea if your financial situation has changed since applying for finance.
Motorcycle refinance loans are a bit more complicated than your standard bike loan. Because of this, it’s important to make sure that a refinance is right for you. Here are some scenarios where applying for a bike loan refinance could be a good idea:
Your financial situation has improved.
If your credit has recently improved, you could be eligible for lower rates or better loan features that you couldn’t get previously. Or if you’re in a better position financially, you may want to shorten your loan term so you can pay off your bike loan quicker.
You want to take advantage of lower interest rates.
Interest rates can change depending on several market factors. Rates may have been high when you took out a loan but if they’ve decreased significantly, it may be worth it to refinance your motorcycle loan and benefit from the rate changes.
You want to adjust your repayments.
For those who want to decrease their repayments, a motorcycle loan refinance allows you to extend your loan term. If you to change want your repayment scheme, a motorcycle loan refinance can help make that happen. Use a bike loan calculator to see how extending your loan term or changing your repayments can affect the cost of your loan.
Ultimately, a motorcycle loan refinance can help you get lower rates, better terms, or features you don’t have in your current bike finance. Aussie Bike Loans knows how difficult it is to find a motorcycle loan that matches your needs. We’re here to help you get a great deal on your bike loan refinance!
If you’re looking for an easy way to refinance your motorcycle loan, Aussie Bike Loans has you covered! Rest assured that our expert brokers will take care of everything, from application to settlement. Here’s a quick overview of our motorcycle loan refinance process:
You’ll need to prepare the necessary paperwork. Simply complete the online form and submit the required documents– our expert brokers will take care of the rest!
The application process is all handled conveniently online. No need to take time out of your day to visit an office or sign the papers in person.
After receiving the requirements, we’ll go through our expansive network of lenders and dealerships to find a motorcycle loan refinance that suits your needs. We’ll present you with refinance options to choose from.
If you’re happy with one of the quotes, we’ll move forward with your application for the bike loan refinance. We’ll also speak with your current lender about ending your existing loan.
Once all is said and done, you’ll begin making payments on your new motorcycle loan! It’s that easy when you apply for motorcycle loan refinance with Aussie Bike Loans.
For more information, get in touch with us by calling 1300 889 669! Our expert brokers are more than happy to discuss your refinance needs and help you find the best loan solution.