Triumph Motorcycles recently released the new Speed Triple RX in Australia in limited numbers so buyers should secure their finance to be ready to buy. Limited edition models are always in high demand. Buyers that are ready to say ‘yes’ with their finance locked in, can have a better chance of riding out of the showroom on their prized new machine.
The new Speed Triple RX is in that category. With limited units to be available worldwide, afficionados of this classic UK brand can quickly apply for their motorcycle loan online through Jade Bike Loans. A number of loan options are available at highly competitive rates and our quick service will ensure you have your finance approval answer asap. Consider the machine, consider your loan options, and start applying.
Triumph Speed Triple RX Specs
The new Speed Triple 1200 RX, while built on the same platform as its predecessor the RS, the RX is racier and comes with exciting features. The Smartec suspension is controlled electronically to allow for ideal comfort and poise. It includes the Ohlins mechatronic damper to deliver more precision control. The RX also features rearsets and clip-ons to allow for more racier, aggressive positions to focus on the track ahead.
The engine is the 1160cc triple and then there’s the appearance - new colours, striking bodywork. What’s not to say, ‘I need that machine’? Well, there is the price to consider. Ride-away pricing is advertised at $34,490, which is a great figure to use in our Finance Calculator to get quick loan estimates. The Speed Triple is now in showrooms, so be quick to review your loan options and secure your financing.
Loans for Triumph Motorcycles
The most popular loan for new motorcycle buyers is the Secured Bike Loan. This offers buyers a simple format and competitive interest rates. The machine is used as the collateral for the loan. Depending on lender approval and the strength of the application, many buyers will not need to put up other assets as loan collateral.
The full purchase price may be included in the loan with no deposit bike finance, but that will be dependent on the individual application. Extras such as accessories and any optional packs may also be included in the loan when purchased at the same time.
With the lender securing the loan with collateral, the best available rates apply with new goods. We ensure a fixed rate which does not change over the fixed term. These fixed elements deliver a fixed repayment schedule. The entire outlay is included in the repayments, so there is no lump sum payout to make at the end of the loan.
Another option for buyers to consider is a Salary Sacrificing Motorbike Loan. While salary sacrificing is most commonly associated with cars, this finance product, known as Novated Lease, can be used for other goods including motorbikes. The machine does not need to be used for any work-related purpose to be eligible for Novated Lease.
Buyers will need to get approval from their employer as a Novated Lease involves the employer taking on the finance for the machine while the employee sacrifices a part of the salary to cover the payments and other expenses. The employer gets the finance payments and expenses as tax deductions while the employee may slip into a lower tax bracket and pay less income tax.
While paying less tax may be attractive, salary sacrificing may also be a great option for those that struggle with budgeting and having funds available each month for their bike payments. Their employer would be handling all that for them. Payments may also be lower than with personal loans as the interest rates on business finance may be lower than personal loan rates.
Interest Rates on Motorcycle Loans
Interest rates will be a major consideration when taking on finance for the new RX Speed Triple. Lenders, including Jade, display their best rates for new machines and for buyers that have a good credit rating. While we cover off on a huge lending market to secure the best rates for our customers, there are some ways that buyers may contribute to getting a better rate.
Having strong financials is key to being offered the best rate. Look at what other debts you have, including those pesky credit card balances, and consider if you can pay anything off before applying for a new loan.
Consider the amount you are requesting in your loan. While borrowing the full purchase price may appear convenient and an attractive option, lowering the loan may attract a better rate. With a better loan to the value of the goods ratio, lenders may assess the application as lower risk and offer a better rate. Consider making a deposit and using your current machine as a trade-in.
Considering dealer finance to get organised quickly? Consider Jade first. The dealer typically only works with one finance company and won’t be checking out rates and deals from other lenders for you. We do. Compared with dealer finance, we may offer more highly competitive interest rates.
With stocks limited, no time to waste. Contact Jade Bike Loans on 1300 000 003 to apply for Triumph Motorcycles finance on the new Speed Triple.
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.
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