Motorcycle manufacturers typically launch new models in overseas markets before their availability in Australia. Through mainstream and social media, buyers can hear of new models well ahead of actual availability. Headlines such as ‘arriving soon’, ‘revealed’, ‘coming soon’ and ‘delivery date yet to be released’ often accompany the first teasers. But along with these early alerts, many manufacturers also open opportunities for buyers to earmark their purchase with expressions of interest and/or pre-orders. When a motorcycle is being purchased with finance, getting pre-approved motorbike finance can assist buyers with pre-orders and expressions of interest.
While it would be expected that limited edition and celebratory, anniversary models might need to be pre-ordered, many manufacturers are allowing riders to register expressions of interest or pre-orders on all types of models. The dilemma for some buyers can be having the confidence to proceed with even a no-obligation indication of interest without first having their finances sorted.
However, if stock is limited, without registering interest, buyers may miss out completely on their new ride. Our pre-approved motorcycle finance may solve the dilemma and may be ideal for several soon to be available models.
Current Pre-Order, Interest Expression Motorcycles
A quick browse of the latest motorcycle news and alerts of upcoming releases can be found. Yamaha is due to release their new WR450F with availability in Australia from January. This is an updated enduro with the updates focussing on improving the handling and tractability, reducing weight and increasing rider-friendly features. At this stage, ride-away prices of around $18,000 have been quoted.
Even further away is the expected arrival in Australia of Aprilia’s RS457, a new LAMS sports bike. The availability date is currently quoted for August next year. Quite a way off for those looking for a new ride right now, but perhaps a goal for those considering saving a decent deposit.
Expected to arrive in December are two more LAMS models, this time from the iconic Harley-Davidson brand. The new X350 and X500 models are seen as an entry point for new riders to get onto a ride from the arguably/not arguably, the world’s most famous motorcycle manufacturer. The December timing may put the new HOG in the zone for a pre-order.
BMW Motorrad Australia is currently accepting expressions of interest via its website ahead of the release of its new adventure models. These models - the F900 GS, F800 GS and F900 GS Adventure, are in the middleweight segment and include larger engines, more tech and plenty more exciting new features.
Buyers interested in indicating some form of purchase interest in any of these motorcycles can speak with us about the most suitable finance options including pre-approved finance.
What is pre-approved motorbike finance?
Having finances sorted can provide confidence to indicate interest place a pre-order or even make a downpayment in advance. This can be realised by applying for pre-approved motorbike finance. The concept is simple and through Jade Bike Loans, has no obligation attached.
A pre-approved loan is a loan that is applied for and approved by one of our lenders before a final decision or commitment to purchase a motorbike has been made by the applicant. The main reason that buyers seek pre-approval is for certainty and in some cases, clarification. They want to know for sure that with their income, financial position and credit profile they will be approved for a loan for the amount required to purchase a certain motorcycle.
The process is almost the same as when applying for your loan after paying a deposit or reaching a purchase agreement with a dealer. The one main difference is regarding stipulating the exact loan amount. The price of the bike and the exact amount of the loan required are usually not known until the sale is finalised. For the pre-approved loan, the loan amount is estimated and adjusted when the figure is known.
Interest rates and details of applicants' financial positions can change over time. So pre-approved do have a period in which they must be activated. If not used within the timeframe, the offer simply expires.
If the launch date is some months away such as for the new Yamaha or Aprilia, buyers may opt to get finance approved to get a more specific indication of what their loan may look like. Even though the application would then need to be priced and processed closer to the purchase date.
The advantage for buyers of pre-approval is knowing they are approved to borrow a certain amount at a certain interest rate and with repayments quoted. Buyers can then confidently proceed to pre-order or express their interest in a soon to be available model.
Loan Types, Rates, Conditions
The Secured Motorbike Loan is suitable for both pre-approved and post-purchase finance of most new motorcycles. The same motorbike loan interest rate, loan conditions and approval process also apply to both options.
If interested in an upcoming launch model but would like the confidence of knowing your finance is confirmed, contact us and one of our consultants will discuss the best way forward to suit your timeframe.
Contact Jade Bike Loans on 1300 000 003 to discuss how pre-approved motorbike finance may assist you with pre-ordering your new ride.
DISCLAIMER: IN REGARD TO ANY ERRORS OR MISREPRESENTATIONS IN THIS MATERIAL, NO LIABILITY IS ACCEPTED. THE DETAILS, CONTENT AND DATA ARE 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 FINANCIAL ADVISOR.
