If this is THE year for that new motorcycle, you may want to know when new models are arriving in Australia and your options in regard to motorbike finance. The team at bikesales have posted their annual calendar of when new models are expected to be available for sale in Australian showrooms to assist buyers.
To assist buyers with planning purchases of new model releases through 2023, Jade Bike Loans has prepared tips for getting approved for motorbike finance. According to the post from bikesales, some of the due-for-arrival models are already sold out with pre-orders. Priority tip – if you are interested in securing a particular model, talk to us about how we can assist by getting your finance approved in advance of the actual sale.
New Model Launch Timings
According to bikesales, these are the expected arrival times for just some new models in the first half of 2023:-
- Several CFMOTO models are due in the first half of the year, including the 300CL-X, 450SR and the 800MT Explore.
- Ducati’s new Panigale V4 SP was due in January and is being advertised on the company’s Australian website. The ride away pricing displayed is $70,200 so buyers can refer to our calculator to work up finance repayment estimates.
- In late February two KTM models are due – the 890 Adventure and Adventure R.
- A number of Suzuki models are expected in showrooms in March – the Avenis I25, and V-Strom 1050, 1050 DE and 250SX.
- BMW also has a number of models due for Aussie buyers in March – the M 1000R and RR and the R 1250 R and RS with the S 1000 RR due this month. Sometime between April and June two limited edition BMWs are expected – the 100 year models of the R 18 and R nineT. With limited units available, buyers should speak with us about finance options to reserve their machine.
- The Street Triple line-up from Triumph is due in March.
- Honda is due to have the new CB750 Hornet available in April and the XL750 Transalp in June. Also in April the Super Meteor 650 from Royal Enfield and the Aprilia Tuono 66 Factory are expected.
- Ducati fans can expect the new Monster SP and range of Streetfighter V4s sometime before end of March and in the same timeframe MV Agusta buyers can expect two new Lucky Explorer models. For the Diavel V4 and Multistrada V4 Rally, Ducati buyers look like needing to wait until April-June. Also in May-June a number of new Moto Guzzi models are expected.
With issues still affecting some overseas manufacturing plants and possible delays with shipping, keen buyers should stay across updates. For definite timings and updates, interested buyers should stay in touch with their local dealer and/or take action to place a pre-order to reserve their machine.
Motorbike Finance Planning
For those requiring finance for their purchase in 2023, the Secured Motorcycle Loan remains the same in regard to features and benefits. But over time, the interest rate could change as the Reserve Bank changes rates to bring down inflation.
This is a key issue to keep in mind for those planning finance months in advance. While we always work to achieve the cheapest rates, lenders may increase rates in response to RBA decisions. If working up estimates on our calculator, calculate estimates at different rates to allow for any variations.
Also, be mindful of possible changes in pricing when the new models are actually available for sale. Vary the loan amount when calculating repayment estimates to cover this and include any extras you may like to order with the machine.
Interest rates displayed by lenders are for new motorcycles for loans for those with a good credit score. Now may be a good time to address any issues with your credit rating and start improving your personal balance sheet by paying off any other debts.
Getting Approved for Motorbike Finance
We have two ways to approach motorbike finance applications for those planning forward purchases.
Pre-approved loans can be arranged ahead of relatively short-term purchases. Once offered, the loan is valid for a certain time period. If not used within that time the offer expires and would need to be requoted.
The other option is to get approved well in advance, to have a clearer indication of the amount you would be approved for, what interest rate you would be offered at this point in time and what the repayments on that amount would be. Be mindful that when the loan is actually required in say a few months’ time, the rate and repayments may be different.
Whatever your buying timeframe, our consultants will work with you to present a workable way forward for the motorbike finance.
Contact Jade Bike Loans on 1300 000 003 to discuss the motorbike finance options ahead of the availability of new models.
DISCLAIMER: IN REGARD TO ANY ERRORS OR MISREPRESENTATIONS IN THIS MATERIAL, NO LIABILITY IS ACCEPTED. THE DETAILS, CONTENT AND DATA IS PRESENTED PURELY FOR GENERAL INFORMATIONAL PURPOSES FOR MOTORBIKE BUYERS AND THOSE SEEKING MOTORCYCLE LOANS. THIS IS NOT INTENDED AS THE SOLE SOURCE OF INFORMATION FOR FINANCIAL DECISIONS. IF SPECIFIC ADVICE IS REQUIRED AROUND FINANCIAL DECISIONS, READERS SHOULD SEEK THEIR OWN FINANCIAL ADVISOR.
