Planning on buying a new two-wheeler? What a great idea! The joy of riding a motorcycle
cannot be matched by any other vehicle. The wind in your hair, the empty road before
you and the thrill of the throttle – it is a feeling only those who ride a motorcycle
will be able to understand.
However, most potential buyers delay their purchase decision until prices are low.
This is usually during the festive season or at the end of the calendar year.
But if you don’t want to wait until then and aren’t too keen on making the purchase
on an auspicious date, you can make your purchase in the coming months and still
unlock amazing deals.
Wondering why?
Well, the reason why motorcycles are cheap around this time is because it is the
end of the financial year. Sales teams are looking to achieve their targets and
get their books in the positive. They will offer attractive benefits on the price
along with many loan offers and value additions. Put together, these factors
make for a very sweet deal on your motorcycle. There could also be pre-2019 stock
left to clear out that will be made available to buyers at a lower price. All-in-all,
the period before the financial year end is a great time to purchase a new vehicle
in general, not just two-wheelers
Tax liability hindering your plans?
For some, the financial year end could be a difficult time to purchase a new two-wheeler.
The tax monster wreaks havoc on most of our lives and we tend to avoid all unwanted
expenses. However, if you really want to make your purchase, you can still opt
for a personal loan or a two wheeler loan. Both these attractive finance solutions
will help you take the final step towards your purchase decisions with ease.
Personal loans are a better idea.
Two wheeler loans might provide only up to 90% of your vehicle’s cost. This forces
you to cover the remaining 10% on your own. However, with a personal loan, as
long as you are eligible, you can borrow the entire amount required to purchase
your two-wheeler and repay it at your convenience. You could borrow extra and
consolidate any of your other debts into one single EMI payment. This will ensure
you ride into the coming financial year on a new two-wheeler and with your debts
in order, what more could you ask for!
So if it’s a new two-wheeler on your mind, there is probably no better time than
right now. If financing the decision seems to be a problem, we at InCred can
help. We can tailor finance offerings to meet your exact needs and help you achieve
your dreams with ease. We hope this article has been helpful and we hope you
are able to make that dream bike your own in the coming months. Good luck and
all the best, ride safe and always wear a helmet!