The joy of getting a motorcycle cannot be adequately articulated in words. The thought of having your own motorcycle surely brings joy and excitement, but there is a price tag that comes with it. Depending on the motorcycle unit, it can be very expensive. Some are blessed to have enough money to buy a bike, but the majority can’t purchase it in cash. So their next recourse is to take out a loan. The good news is that obtaining a motorcycle loan is easier today than it was before. As long as you have a regular monthly income and a minimal downpayment, you will be on your way to owning your very own motorcycle. Some would require you to have a co-borrower, especially if your monthly income is not sufficient to cover the monthly motorcycle payment.
If you are wondering how to get loan buying second hand motorcycle (ฟแนนซ์มอไซค์มือสอง, term in Thai), then this article is for you. We will discuss some of the things you need to consider beforehand before taking out a loan or buying motorcycles through cash, be it a brand new or second hand motorcycle.
It is a must to observe every small detail
Ask all the questions you have in mind when checking on available motorcycles. For sale. It is not just enough to consider the look of the motorcycle. More than the built and look, you need to consider all the little details. It would help a lot to have someone with you who is an expert in motorcycles, especially if it is your first time buying a motorcycle. Always keep in mind that all component of the motorcycle must be checked before making your purchase.
Buy with the guidance of a motorcycle expert
Don’t you know that even repeat motorcycle buyers still consider the guidance of a motorcycle expert when making their purchase? All the more you need the expert’s help when buying for the first time. If you know someone who is an expert in motorcycles, it would help a lot if you are going to bring that person with you. An expert’s insights can make a huge difference in coming up with a final buying decision.
Avoid being duped by the stolen bike
It is not a new scenario to see stolen motorcycles being sold at a cheaper price. If you are on a tight budget, you might be tempted to buy this motorcycle without the knowledge that what you are buying is a stolen one. So when buying a secondhand motorcycle, ask for documents to make sure that the unit is registered to the rightful owner. That way, you will be able to save yourself from trouble.
Another important thing to make sure of is proper registration. See to it that the name in the contract to sell is similar to the name of the motorcycle’s registered owner. Put everything in writing and make sure that all papers are legal and binding. You will be able to save yourself from trouble later on.