1. Welcome to Netrider ... Connecting Riders!


    You appear to be browsing Netrider.net.au as a guest user. Did you know that if you sign up with an account, you get access to all kinds of additional privileges, and are then able to join the discussions? You will also be able to tap into the full suite of tools and information that Netrider has to offer.


    Already a member? Login Now

Best Finance Company?

Discussion in 'General Motorcycling Discussion' started by Fa1c0n, Apr 30, 2012.

  1. Offline
     
    Fa1c0n
    Bitching

    Fa1c0n Member

    Joined:
    Feb 9, 2011
    Messages:
    1,586
    Motorbike(s):
    Harley Davidson 2012 Forty-Eight.
    Hey guys,



    Anyone got any ideas of who the best finance company is for a bike loan?
    Preferably cheapest too?

    I need to borrow 19k

    Cheers,
    Fa1c0n
  2. Offline
     
    NiteKreeper

    NiteKreeper must be stopped! Premium Member

    Joined:
    Nov 29, 2010
    Messages:
    4,480
    Location:
    Sydney
    Motorbike(s):
    Yes
    A defunct one...
    • Like Like x 1
  3. Offline
     
    chicken78

    chicken78 Premium Member

    Joined:
    Nov 3, 2010
    Messages:
    2,026
    Location:
    Im lost
    Motorbike(s):
    A badly behaved one
    Try the search function....
  4. Offline
     
    CFVFR

    CFVFR Still posts the same shit Premium Member

    Joined:
    Jun 25, 2008
    Messages:
    2,670
    Location:
    Mount Martha, Victoria
    Motorbike(s):
    Vstrom 650
    You'll end up paying in excess of 26k back I reckon!
    Fkn harsh I know bro!
  5. Offline
     
    Vertical C
    Mischievious

    Vertical C Premium Member

    Joined:
    Nov 10, 2007
    Messages:
    6,497
    Location:
    Sydney, Australia
    Motorbike(s):
    Kawasaki ZZr250, Suzuki DRZ250
    Use one of those comparison sites.
  6. Offline
     
    Fa1c0n
    Bitching

    Fa1c0n Member

    Joined:
    Feb 9, 2011
    Messages:
    1,586
    Motorbike(s):
    Harley Davidson 2012 Forty-Eight.
    I dont think they have the comparison sites for motorbike loans...

    Its classed as a personal loan isnt it?
  7. Offline
     
    n00bis

    n00bis Member

    Joined:
    Apr 6, 2012
    Messages:
    66
    Location:
    Brisbane
    Motorbike(s):
    CBR250R MC19
    http://www.360financial.com.au/home.aspx
    Give these guys a call. There more of a financial brokering service... They will get you the best rate possible and will explore all avenues. Speak to a guy called Gary tell him you were referred from Milton Vehicle Brokers.

    They look after all the finance for the Vehicle Brokerage I work for and are very good.
    • Like Like x 1
  8. Offline
     
    Fa1c0n
    Bitching

    Fa1c0n Member

    Joined:
    Feb 9, 2011
    Messages:
    1,586
    Motorbike(s):
    Harley Davidson 2012 Forty-Eight.

    Cheers mate. Ill give it a go tomorrow at lunch.
  9. Offline
     
    CFVFR

    CFVFR Still posts the same shit Premium Member

    Joined:
    Jun 25, 2008
    Messages:
    2,670
    Location:
    Mount Martha, Victoria
    Motorbike(s):
    Vstrom 650
    Let us know how you get on mate.
  10. Offline
     
    Vertical C
    Mischievious

    Vertical C Premium Member

    Joined:
    Nov 10, 2007
    Messages:
    6,497
    Location:
    Sydney, Australia
    Motorbike(s):
    Kawasaki ZZr250, Suzuki DRZ250
  11. Offline
     
    Unconnected
    Spaced

    Unconnected Member

    Joined:
    Jul 27, 2010
    Messages:
    2,095
    Location:
    Sydney - Cremorne
    Motorbike(s):
    1988 VFR400R
    commbank has been good to me. Decent interest rate, debt was not secured on my bike meaning i didnt need compo, good customer service.

    Would happily get another ball and chain from them again if need be.
    • Like Like x 1
  12. Offline
     
    Bamm-Bamm

    Bamm-Bamm Premium Member

    Joined:
    Dec 31, 2004
    Messages:
    1,699
    Location:
    In a Cave
    Motorbike(s):
    2010 CBR1000rr
    It's not as simple as best interest rate, some lenders have fees, some don't, some have early payout fees, some don't etc...

    You need to compare like with like, interest rates vary depending on your credit profile too. Don't forget you are buying a toy, (I would argue a necessity but financiers wouldn't agree LOL) so the interest rate will likely be higher than if buying a car.

    Good luck with the purchase!
  13. Offline
     
    OzzyDevil
    Buzzed

    OzzyDevil LOVES TO RIDE :) Premium Member

    Joined:
    Mar 10, 2012
    Messages:
    1,023
    Location:
    Altona North Melb
    Motorbike(s):
    SV650S
    I found these to be better for me Universal Motorcycle Finance no pay out fees and 12.99% and very good service from them :)
  14. Offline
     
    Tas man

    Tas man

    Your profile as a borrower is one of the main factors lenders will consider. The second thing is the bike itself...

    Then there are manufacturer supported lenders. Eg Yamaha finance had a deal on recently (not sure if it's still on) of 4.9%. Then you have things like premium funding through BMW (if you buy a Beemer) to borrowers with a stong profile.
  15. Offline
     
    Trundler

    Trundler Member

    Joined:
    Apr 17, 2012
    Messages:
    180
    Location:
    Melboring
    Motorbike(s):
    GS500F
    As a client, I can reccomend CUA - one of the few major financers that treat motorcycles as vehicles.

    Their current rate is 8.99% with no monthly fees.

    It's secured against the bike, so I have comprehensive insurance with Swann, which wasn't all that much more then third party.
  16. Online
     
    ZRX1200R
    Breezy

    ZRX1200R Premium Member

    Joined:
    Nov 11, 2004
    Messages:
    3,764
    Location:
    Castlemaine
    Motorbike(s):
    Harley Davidson FLD, Kawasaki KLR650.
    BMW finance will lend on items other than BMW's and as long as you meet their criteria the rates can often be very good and as mentioned motorbike brand specific finance sometimes have deals around the 5% mark.

    Another way to get a low motorcycle loan rate is to use an investment property that one has equity in and get a line of credit against the property and use the money from the line of credit to buy the motorbike. The advantage of that method is there is no security against the bike so you can sell it privately easier when you later upgrade (many private buyers don't like seeing a registered financial interest in a private sale bike).
  17. Offline
     
    Roarin

    Roarin

    It's called a savings account with regular deposits.
    • Like Like x 1
  18. Offline
     
    bradr

    bradr Member

    Joined:
    Mar 2, 2012
    Messages:
    47
    Location:
    Nowra NSW
    Motorbike(s):
    09 Honda CB 400
    There is no such thing as a good finance company , use a bank or building society, if you insist on a finance company , then just look for a loan shark , they are one & same.
    PS --as others have mentioned , some manufacturers have some great deals , obviously because they want you to buy their product , but still if the interest rate is good , then go for it.

Share This Page