Tips and tools to score a limited edition motorbike

News of 2021 new model motorcycle releases continues to roll out on a weekly basis and it's looking like a very exciting year ahead for buyers. There's plenty to select from across most leading manufacturers and across all types of motorcycles. But, and there's often a BUT with good news, there are also reports that some models from some makers will be in limited supply for the Australian market. The reasons for this vary. For some it's because they can only allocate a small number for our buyers. With the disruption to some manufacturing facilities in Europe in 2020 and the COVID-19 crisis still continuing in 2021, output from the factories could also be limiting supply for some time to come.

In other instances it is because it is a limited edition model. Limited editions are not unusual, manufacturers regularly release a special ride to commemorate an anniversary or special event. These are special motorbikes and usually highly coveted, anticipated and treasured by those fortunate to capture one of these elusive machines. The latest to announce an upcoming limited edition is the 2022 Suzuki Hayabusa.

While all these reasons are logical and quite acceptable, they don’t assist buyers that will be clamouring to get their gloves on the handlebars of a special edition or a limited supply model. At Jade Bike Loans we do everything we can to assist our customers expedite their bike purchase. In addition to our fast approvals we’ve developed a number of motorbike buying tools to assist buyers.

We share our tips and tools to assist you in being one of the first and only buyers of a limited supply and limited edition motorcycle.

Planning Tools

This may be a no brainer but it is always worth repeating – plan ahead! Know what you want and know how you’re going to buy it. Then actually take as many of the prelim steps as possible so you’re ready to place your order as soon as the dealers are accepting orders.

Follow the industry news on what models are going to be released, when and in what numbers. Bike sales platforms and other forums are posting news stories almost daily and at least weekly with the latest updates from manufacturers. One has even posted a new motorbike release calendar. With this wealth of info you should have your diary dates set well in advance.

Finance is usually the biggest deal when it comes to buying a new motorcycle. With interest rates low it means your savings is not earning much so savings towards the target bike purchase could be a long haul.

Fortunately these low interest rates is good news for borrowers. Interest rates on motorbike loans is at historic low levels. So it can make perfect sense to consider taking out a loan for that special purchase.

We’ve provided our motorbike loan calculator so you can enter the price of the bikes you’re considering and see how that may work out in bike loan repayments for you. The calculator only provides rough estimates, but that’s what these planning stages are all about.

Selecting Your Lender

When stocks of the bike you want are limited, then any delay in arranging your bike loan can mean you miss out completely. In our professional opinion as lenders, many buyers spend or more precisely waste too much time shopping around for the cheapest or most attractive or any loan they can get. To cut the waste we’ve provided a lender comparison tool. A chart which lists a group of leading lenders in the motorbike loans space including Jade, with the interest rates they are currently applying to bike loans. This is updated regularly so you’ll always see the latest rates.

You no longer have to shop around as we’ve done that for you. Just refer to our chart and you’ll see who is offering the best deals on motorcycle loans. Hello, that would be Jade Bike Loans.

So you’re planning around which lender and which motorcycle model is done and dusted. You’re going to apply for a loan with Jade to buy the XXXXX bike.

Confirming Your Loan Ahead of the Release

Decisions made, time for action. When pre-orders open for a certain make/model it’s easy to put your name down on the list or register your interest. But then many buyers lose time and possibly their place in the queue (and who knows how long the pre-rego line is) by not organising their loan in advance.

They wait till they are advised they are atop the queue and then start making loan applications. News – you don’t have to do that. That is so last century lending practice. In 2021, smart riders get to the top of the queue with a pre-approved secured motorbike loan.

How this works is quite simple. You apply for your loan before you commit to the purchase. Your Jade consultant sources you a loan quote based on estimated pricing, you accept, your application is processed and you have confirmed approval of your loan. But with no obligation to proceed.

So your finance is sorted but if you change your mind when you actually test ride the bike, no damage done.

So if you have your heart set on a limited edition like the Hayabusa or you’ve heard the motorcycle you want will be in limited supply, do your planning and take pre-purchase action so you don’t miss out.

To discuss a pre-approved loan for a limited edition motorcycle, speak with Jade Bike Loans on 1300 000 003

DISCLAIMER: THIS ARTICLE IS PREPARED AND POSTED WITH THE INTENTION OF PROVIDING GENERAL INFORMATION AND NOT WITH THE INTENTION THAT IT BE THE ONLY SOURCE OF INFORMATION ON WHICH TO MAKE FINANCIAL DECISIONS. THOSE REQUIRING FINANCIAL ADVICE AROUND THEIR INDIVIDUAL SITUATIONS SHOULD REFER TO A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY MISREPRESENTATIONS OR ERRORS IN THE CONTACT AS SOURCED, IN GOOD FAITH, FROM A RANGE OF SOURCES.