What decision to make when buying a new motorcycle when its finances do not allow cash purchase? Should we opt for a motorcycle loan, or be tempted by a purchase on leasing? All you need to know before you decide.
Buying a motorcycle: it rolls for the French market
From Yamaha to Suzuki, via BMW, KTM and Honda, the world’s leading manufacturers of motorized two-wheelers have good sales figures in France. So much so that the French market for the purchase of the motorcycle is one of the European locomotives of the sector! In 2016, jigs more than 125 cm3 registered a 5% increase compared to 2015, ie nearly 150,000 units sold. Prices for new motorcycles vary on average between 3000 and 15 000 euros, depending on the category sought (GT, Cross, Sport, Trial, etc.) and engine capacity. The most sold model in 2016 is a scooter, the Honda Forza 125, popular with urban to reduce the commute time. It is ahead of the Yamaha MT-07, an entry level 700cc roadster with a sporty and racy look. With its Satelis scooter, Peugeot is at the gates of the top 30, dominated by Japanese manufacturers.
Motorcycle credit, instructions for use
Everyone can not afford to buy the bike of his dreams. Indeed, the personal situation, professional, and the budget of an individual do not allow it systematically. However, want to buy a new motorcycle right away and pay the bill through monthly installments, it is possible. The motorcycle loan, loaned to the affected consumption, makes it possible to finance the acquisition of a new motorbike on very advantageous conditions, thanks to the low rates practiced on the car loans.
Buying motorcycle leasing
The purchase of motorcycle leasing, also called Rental with option to buy (LOA), allows a buyer to enjoy all the embedded technology of a new motorcycle without having to buy cash. Under a contract taken out in partnership with its dealer, the rider has the opportunity to rent his favorite model, according to a rate of interest, a monthly amount and a repayment period defined at the signing of the contract. This duration covers a period ranging from 1 to 5 years. After that, there are two options for the rider:
- Or he decides to buy the model, and pay the remaining amount due to pay;
- Or he returns it to the dealer, and can possibly rent another.
Advantages and disadvantages of motorcycle credit
Underwritten by a lending institution, the motorcycle loan has several advantages:
- propose competitive interest rates;
- immediately become the owner of the motorcycle;
- condition the release of funds upon delivery of the motorcycle;
- guarantee a 14-day withdrawal period.
Nevertheless, the agreement of the lending institution is subject to a study of the borrower’s situation and its repayment capacity. On the other hand, it is necessary to compare the offers of loan granted by the multiple specialized organizations to take advantage of the best offer. Do not hesitate to carry out an online simulation to discover the advantageous conditions of the credit motorcycle that proposes Creditstair Credit!
Leased motorbike purchase: the plus and the minus
Leasing is a financing method that seduces with its flexibility:
- industry professionals point out that a consumer’s demand for credit is often more easily accepted as part of a leasing than in a traditional loan;
- this lease with option to purchase, in addition to the choice of recent motorbikes it promotes, is regularly associated with a free maintenance contract. An argument that can be decisive.
However, it should also be remembered that leasing presents a major disadvantage for the rider. That of not being able to be instantly owner of the motorcycle. This mechanism makes the purchase more expensive in the end.
So, LOA or motorcycle credit?
If, like the Harley-Davidson lover, you have a perfect loyalty for the same model, then favor motorcycle credit. The total cost of your purchase will be lower with a consumer credit affected than with a lease with an option to purchase. Maintenance is not included? But a real biker knows that the pleasure of owning his bike lies in the regular care he lavishes on her…
Do you prefer to change your model regularly? Opt for leasing. With the rental option, you keep an “exit door” to change your motorcycle. Or keep it if it has completely convinced you!