Aussie Bike Loans can help you find used bike finance with competitive rates, great loan features, and favourable loan terms so you can ride away without worries. Let us know what you’re looking for by sending us a message or getting a quick online quote today!
Used motorcycle loans
If you want to buy a second-hand motorcycle but don’t have the funds or simply don’t want to dip into your savings, taking out a used motorcycle loan might be a good solution.
Used motorcycle finance works similarly to other types of personal loans. When your used bike loan is approved, you’ll receive funds to purchase a motorcycle. After, you’ll pay back the original amount borrowed, known as the principal amount, plus interest over the loan term.
Usually, used motorcycle loans have a loan term of one to seven years. Interest rates vary depending on the lender and could change based on your credit rating. Some lenders may offer secured or unsecured used motorcycle loans with a monthly, fortnightly, or weekly repayment scheme.
Advantages of a used motorcycle loan
Unsure if used motorbike finance is the right move? Here are a few ways a used motorbike loan can be beneficial:
Enjoy the benefits of motorcycle ownership immediately
You don’t have to wait until you’ve saved enough to buy a motorcycle, which could take months or even years. Using a motorcycle loan lets you buy your dream motorcycle and ride away sooner rather than later.
Spread out the cost over time
Instead of using up a good chunk of your savings on a motorcycle purchase, a loan allows you to break it down into smaller and more manageable payments. This makes it easier to budget and gives you more cash on hand to use on things such as investments and other debts or to maintain your savings.
When you make timely motorcycle loan repayments, this could also help boost your credit rating.
Extend your price range
With a used motorcycle loan, you can purchase a bike that you wouldn’t otherwise be able to afford. You don’t have to settle for something that you don’t really want. With more options available, you have more freedom to choose a motorcycle that fits your lifestyle needs perfectly.
How to apply for a used motorbike loan
When applying for a second-hand motorcycle loan, you’ll need to fit the lender’s eligibility criteria. Typically, lenders have common eligibility requirements that include:
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Borrower must be at least 18 years old
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Holds an Australian citizenship or permanent residency
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Has a source of income
The documents you need to submit may vary depending on the lender. Some documents you need to submit may include:
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Driver’s licence, passport, citizenship certificate or any official identification
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Proof of income or proof of employment
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Assets and liabilities
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Existing loans or debt
It’s best to gather the requirements beforehand to avoid delays during the application process.
For an easy and worry-free used bike loan application, get in touch with Aussie Bike Loans. All you need to do is tell our brokers what you’re looking for in a bike loan, submit the needed documents, and we’ll take care of the rest!
Finding the best used motorcycle finance lenders
It’s important to remember that not all lenders provide the same type of loan. Some lenders may offer low interest rates or promote a ‘zero interest’ loan only to have very high hidden costs. To get the most out of your used motorcycle loan, you need to check all the details of a loan product.
With so many lenders and dealerships out there offering an array of finance options, sorting through all of them can be overwhelming and time-consuming. The good news is you don’t have to do it all on your own! Aussie Bike Loans can do all the heavy lifting for you and find the best used motorcycle finance tailor-fit to your needs.
What can Aussie Bike Loans do for you?
Aussie Bike Loans can help you get the best deal on your used motorcycle loan. From application to settlement, we’re here to assist you every step of the way! You can sit back and relax with the knowledge that you have expert brokers working on your behalf.
Get savings on your motorcycle loan and save precious and time effort when you work with us. Call 1300 889 669 or schedule an appointment!