Motorbike finance – what are the benefits of owning a bike
Motorcycles are a type of vehicle that is increasingly growing in popularity in Australia. The Australian Bureau of Statistics' Motor Vehicle Census details the growth in people buying different types of vehicles. The increase seen in motorcycle registrations has actually been greater than any other. Between 2009 and 2014, there was a 25 per cent increase in the number of motorcycles on register, compared to a national average across all modes of transport of 12.5 per cent. Motorbike ownership is on the rise. Australia now has over 800,000 registered bikes.
So clearly, Australians love to get on their bike and ride. There are certain to be many who are still seeking quick and simple motorbike financing so they can hit the road too. Let look at the benefits of driving one of these over other types of vehicles.
Benefits of motorbike ownership
Riding a bike can give you a sense of freedom. Simply put they can make you feel awesome! Apart from this there are several tangible benefits of owning a motorbike.
1. Fuel efficiency
When you buy a motorbike, you're making a purchase that could save you money in the long run. Motorcycles have the lowest fuel consumption of any vehicle in the country, when viewed on a kilometres per litre basis. That's the sort of efficiency that can save you a lot of money when you hit the petrol station. You're saving money and helping out the environment in style!
We've all had the situation where we circle the block for what seems like forever in our car, desperately trying to find a park on a busy day. These days are over when you purchase a motorbike! Slight and easy to manoeuvre, you can park your bike much more easily than a bulky car.
3. Ease of travel
Sick of being stuck in traffic. Feel jealous when a bike beside you lane filters or rides down the shoulder? Lane filtering and riding on the road shoulder are legal in Queensland. These rules allow bikes to get ahead of the traffic. Lane filtering is when a bike rider moves between lanes of slow or stationery traffic travelling in the same direction. Bikes can only travel up to 30 km per hour when lane filtering. You can also ride on the shoulder and in emergency stopping lanes on major roads when traffic is slow. Check your states road rules to make sure you are up-to-date on any changes.
4. Lower purchase price
Compared to a car purchase, bikes can have a significantly lower purchase price. For a reasonable sum you can get the bike of your dreams with all the bells and whistles. So what kind of bike do you want?
5. Great aesthetic
At some point in our lives, we've all idolised someone who rides a bike. It could be Arnold Schwarzenegger in Terminator 2, classic James Dean, or even one of the members of the Wild Hogs film. There's a timeless chic to owning a motorbike that has proven endlessly attractive to vehicle buyers.
Are you ready for motorbike ownership?
For many people who are in the market for a new motorbike, taking out a bike loan is part of the process. When you work with AAA Finance you will get the best deal to suit you. Our experienced brokers have access to over 40 lenders. They can provide a wealth of options to get you on two wheels, and out on the road. We can provide accurate quotes or take a quick 5 minute application over the phone.
Can I afford motorbike ownership?
Not sure if bike ownership fits within the budget. Try our bike loan calculator. It is easy to use and will generate a fortnightly or monthly loan repayment based on your inputs. Your loan amount can include accessories, such as helmet and leathers.
About the author
Peter Watman has extensive finance and automotive experience having worked in both industries for over 30 years. Peter founded AAA Finance and Insurance in 2012. He leads an experienced team that provides quick and easy finance solutions along with exceptional customer service.