After selecting the model of the two-wheeler that you want to buy from many options available, the next thing you need to determine is how to finance that bike. There are two prominent options available when it comes down to it. You can either choose to pay cash or avail a vehicle loan. Let’s consider why availing a Two wheeler loan is the smarter way of financing
You can get various gifts and offers like:
- Reduced interest rates
- Zero down payment schemes
- Free gifts
Most bike sellers on the market today are in partnership with bike finance companies to provide rapid loans to customers. The paperwork required for these loans is minimal, and the processing time is extremely small.
Incase of cash-crunch, you don’t have to worry as the minimum down payment for bikes is very low. Some financers allow zero down payment facilities
Improve Credit Score
Opting for easy to repay loans help you to improve your CIBIL score.
Upgrade your bike’s model
Availing a loan can help you to buy a better, more advanced bike than before.
So, instead of opting to pay cash during your bike purchase, it might be smarter to take a loan.