The first warm rays of sunshine awaken the dream of owning a motorbike in many people. However, the pleasure is not cheap! In addition to the motorized vehicle, there are also costs for clothing and insurance.
Depending on which bike you choose, even a used vehicle can cost several thousand euros.
There are several solutions to the high acquisition costs. Either take the money you have saved in your hand, apply for financing or there may still be cryptocurrency on the wallet that has been forgotten, such as the digital yuan, but the question immediately arises: Is Yuan Pay Group scam or not? In any case, in this article we will look at different ways to make your motorcycle dream come true.
The installment loan for motorcycles and accessories
If, in addition to buying the motorcycle, there are also costs for clothing and accessories, the installment loan can be a good option. It offers complete flexibility and can be used for any purchase in addition to buying a motorcycle.
With special car loans, on the other hand, the car, more precisely in this case the motorcycle, serves as security, which is not the case with a normal installment loan. At the same time, it also means that the interest rate will be higher.
In order to receive a loan, whether for free use or not, the borrower must meet the following requirements:
- The borrower must provide proof of residence in Germany
- The minimum age is 18 years
- Provided you have a positive credit rating, the banks check the Schufa score. If bad credit is determined, the loan will not be approved
- proof of a German bank account must be provided
- permanent employment is required
- Appropriate proof of income must be provided
Financing your dream motorcycle is only possible if you meet all of the above criteria! The installment loan is particularly suitable for the private purchase of a used machine as well as accessories and clothing.
Financing directly through the dealer bank
If the motorcycle is to be bought through a dealer, this is the most convenient way. The motorcycle dealers sometimes work closely with banks and enable customers to reconcile the motorcycle and financing directly.
The dealer has a certain amount of leeway and can make different offers to the potential buyer. These differ, for example, in terms of term and rate. The low interest rateswhich the dealer banks can offer to interested parties, quickly lead to hasty action.
However, a loan agreement should always be well thought out and the numbers should be right. It is therefore advisable not to sign the financing offer directly, but to ask the dealer for a little time to think it over and take the loan offer home with you. It is advisable to read through the offer at your leisure and then compare it with other banks.
If it comes to a conclusion, it should be borne in mind that the dealer bank will initially retain the vehicle registration document until the loan has been fully repaid. As a result, among other things, the motorcycle cannot be sold without further ado.
The alternative to financing – motorcycle leasing
For those who only plan to use the motorcycle for a certain period of time, for example over the summer, motorcycle leasing can be an alternative. Special leasing companies offer interested parties the opportunity to lease the motorcycle for a certain period of time in exchange for a usage fee. This option is particularly interesting for the self-employed and entrepreneurs. In this case, it is possible to claim the monthly leasing installments as business expenses for tax purposes.
Save, save, save
For those who are skeptical about financing and the dream of a motorcycle lies in the distant future, saving can be the solution. This has the advantage, for example, that the interest is not paid. To even receive interest on the savingsa call money account created separately for the project can be set up
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