Buying & Selling a Motorcycle

Buying motorcycles isn’t just about buying because you need to know some helpful tips ant hints to get the best deals. It would even be very helpful if you consult an expert so you will never have to go wrong or think that your money has been put to waste.

In purchasing a used motorcycle, every part of it needs to be checked for durability. All goes well for well-maintained parts. Whether you are and expert or novice, you can easily identify it even by just looking at it. If the parts look grumpy and all worn-out, that won’t pretty serve you much for long. So why invest in buying a cheap one when it entitles you to overspend when it crashes.

In buying motorcycles, it would be better if you know the owner you are buying from. At least you will have an idea on how the motorcycle has been treated if the owner took extra efforts in maintaining the motorcycle’s performance. You can also estimate as to whether the motorcycle you are purchasing will still have a longer life or spend your time keeping it up. Some experts say that purchasing second-hand or used motorcycles are better than new ones because the motorcycle has performed several times. Used motorcycles don’t need warming ups and series of road tests.

There are other options in buying motorcycles. You can buy a motorcycle from an auction in companies and the Internet usually. When motorcycles are being sold, they deal it through auctions with great deals too. But purchasing with this type is first-come first-serve basis.

If you really are in desperate need to purchase a motorcycle very soon, you can easily find one in the newspapers in the ads page. Internet ads and motorcycle sites offer their selling online. They offer product information, listings, pricing and specification.

For assurance and warranties, you can buy your motorcycle from an authorized dealer. You can have great deals and discounts depending upon your contract. They also offer selling their products for easy installment for a given period of time. That sure is painless if you don’t have enough money and have other priorities.

The simplest and most common way to purchase a motorcycle is through your friends. You will usually hear from them talking about selling motorcycles. If you purchase from a friend, prices can get lower and you can talk about the motorcycle’s condition and performance comfortably. You can also ask for advices because they pretty know well and they are used to operating the motorcycles themselves.

No matter how you want to purchase a motorcycle, don’t always be in a hurry to buy one unless you are sure especially if you are a beginner. Of course you won’t want your money to be put waste.

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Whether interest rates are high or low or it’s the end of a model year with lots of incentives, motorcycle buyers tend to make the same mistakes when shopping for a motorcycle loan. Here are four common mistakes motorcycle buyers make with motorcycle loans.

Shopping for a motorcycle before shopping for a motorcycle loan.

Many motorcycle buyers enter the showroom looking for a motorcycle before they determine how much money a motorcycle lender is willing to loan to them for the purchase of a motorcycle. There is no need to shop for a $20,000 Harley Davidson motorcycle, if a lender is only willing to provide a loan amount of $10,000.

Additionally, once motorcycle buyers enter the showroom slick salespeople often pressure them into motorcycle loans with much higher internet rates than they could have gotten had they shopped for a motorcycle loan at a bank, credit union or online. Salespeople do not like motorcycle buyers to leave the dealership to get a motorcycle loan. In the salespersons mind this only increases the chance of loosing a sale and commission. Therefore, salespeople frequently try for a quick sale which normally results in pushing motorcycle buyers to get motorcycle financing at the dealership.

The bottom-line is that it is always best to shop for a motorcycle loan before entering the showroom.

Borrowing too much.

The most common mistake the first time motorcycle buyer makes in not having a clear sense of how much motorcycle they can afford. This is especially true for young motorcycle buyers who look to buy the top sport bikes that cost up to $10,000 - $15,000. What they fail to realize is that financing a $10,000 - $15,000 motorcycle can stretch them to thin, resulting in them having little cash to enjoy themselves and the motorcycling lifestyle. They may also have too little cash to pay for insurance, maintenance, registration or new accessories for their motorcycle.

Diving into the unknown motorcycle loan.

Motorcycle buyers often jump into motorcycle loans that they do not completely understand or may not be the best alternative for them. For instance, in today’s age manufacturers frequently run credit card motorcycle loan promotions on their private-label credit cards. But these promotions typically offer a low interest rate for a short term like 12 or 24 months and have a much higher interest rate after the short promotional term. On a credit card promotion if motorcycle buyers can not afford to pay off the loan during the short promotion period, then they are typically better taking a slightly higher interest rate on an installment motorcycle loan for a longer term.

Not asking the right questions.

The first warning sign that motorcycle buyers should see is that if they do not understand the type of motorcycle loan, then they should be sure to ask a lot of questions.

Here are some good questions to ask:

• What happens if a payment is 30 days late? Does the interest rate increase?

• Are there any administrative fees to get the motorcycle loan and if so how much are the fees?

• Are there circumstances that can make the interest rate on the motorcycle loan change in the future?

• If the loan is an installment loan, does it use rule of 78 or simple interest? (Simple interest is always better because it does not penalize the motorcycle buyer if the loan is paid off early.)

• What happens if a payment is 60 days late? Does the interest rate increase?

• How long is the term on the motorcycle loan?

• Is the interest rate fixed or variable? If fixed how long will it be fixed for?

• What is the down payment requirement to get the motorcycle loan?

• Is full coverage insurance required?

• How much is registration and are these fees included in the motorcycle loan?

Overall, motorcycle buyers can avoid these common mistakes by spending a little extra time focusing on shopping for a motorcycle loan and asking lots of questions.

Copyright (c) 2005, by Jay Fran.
http://www.motorcycle-financing-guide.com/military-motorcycle-loans.html

D’angelo Jones

Owning a motorcycle is like becoming VIP at a secret club. You
have your own special rules and privileges as well as the
genuine mystique, interest, and envy of the ordinary motorist.
Couple this with the fact that most motorcycle owners can park
their bike anywhere they want and owning a motorcycle becomes
more tempting than ever. Of course you probably already knew
this about motorcycles. But I bet one thing you probably didn’t
know about bikers is that they are saving bundles in insurance
costs.

Motorcycle insurance is highly affordable, extremely reliable,
and easy to get. You can actually get a motorcycle insurance
quote online in minutes. That means less time filling out
stacks of paperwork and more time on your bike with the cool
wind blowing against your face.

Almost every major auto insurance company also offers
motorcycle insurance on all of the various styles of
motorcycles. It doesn’t matter if you have a limited production
cruiser, a high performance touring bike, or a lightweight
moped. You can get a fast motorcycle insurance quote that
covers your needs.

You also don’t have to worry about the types of coverage
offered. The same high quality insurance coverage that you can
purchase for your car or truck is also available for your
motorbike. This means that you can get a motorcycle policy
quote for liability, uninsured motorist, and collision damages.

There are also discounts available for your motorcycle
insurance if you meet certain predetermined criteria. This
criterion may include membership in certain auto clubs such as
AAA or Honda Rider’s Club of America. Owning your home, having
a clean driving record, and completing a driver safety course
may also qualify motorcycle owners to even greater insurance
discounts.

Getting an affordable insurance quote for your motorbike is
easy, convenient, and takes only a few moments. With so many
great deals and discounts available, get your free motorcycle
insurance quote today!

About The Author: D’angelo Jones is a writer and small business
consultant. Find out how you can save more money on your
motorcycle insurance and get a fast motorcycle insurance quote
by checking out the informative motorcycle resources available
at http://www.motorcycle-insurance-quote.info