With global supply chain issues and delays across multiple manufacturing sectors, it’s always great news to hear of new stock of motorbikes arriving in Australian dealerships. Case in point, we read that some stock of a number of new Yamaha models has arrived in the local market. But, according to reports, stock of the new Yamaha models is somewhat limited so buyers would be advised to secure their motorcycle loans prior to visiting a dealer. Pre-approved motorcycle loans can be a great benefit to buyers in many ways especially in being in a position to commit to motorbike models in limited supply. In regard to Yamaha, the limitations may be around colour selection available at particular dealerships.
So what new Yamahas are currently on the market? We provide an overview and guidance as to acquiring a pre-approved motorcycle loan at a cheap interest rate.
New Yamaha Models
Over the past few months, stock of the XSR 700 roadster, XSR 900 retro roadster and the streetfighter MT-10SP are reported to have arrived. The MT-10 updated model is due this month.
The 2022 version of the MT-10SP includes an update to the CP4 engine, radical suspension, Euro 5 compliant features, improved ergonomics, 4.2” TFT screen, ride-by-wire throttle and plenty more to check out. With a ride away price advertised at $27,349, prospective buyers can head to our Bike Loan Calculator to work up repayment estimates to see if this new Yamaha is within their budget.
Yamaha states that buyers should not be misled by the great look of the new XSR 900. Under that timeless 80s look is very serious tech for high performance. This model has the 890cc CP3 and is fitted with a lightweight chassis. The electronics provide high level control in many riding situations. Making the 900 idea for heading out on winding road rides or getting from A to B on the straight stretches. Colour range include Midnight Black and Legend Blue. But as mentioned above, not all dealers might have all colours of these new models. So get your pre-approved bike loan so you are ready to capture your preference when located. For those wanting repayment estimates, $17,299 is the ride away advertised price point.
For new riders, the new XSR 700 could be a possibility as it is a LAMS bike at 655cc and with plenty of retro cool. And the price point is likely to appeal to younger buyers also – just $13,699. With a cheap interest rate motorcycle loan through Jade Bike Loans, the XSR 700 could be totally doable. Colourways offer Heritage Black and the Heritage White choice.
Yamaha is one of the most popular brands and a favourite with many riders. So these new models could be snapped up fast by eager enthusiasts. So don’t delay, get onto organising your finance so you don’t miss out on your preference.
Loan Options for New Yamaha Models
The most widely-used motorcycle loan for new models is our Secured Bike Loan. As a secured loan, the motorcycle is accepted by the lender as the security for the loan. Lenders register their interest in the motorbike as security on the PPSR.
While the lender holds an interest in the bike by way of security, the buyer has complete and full use of the bike and is responsible for all the ongoing expenses including rego, insurance, maintenance and servicing.
Comprehensive insurance is required on all motorbikes purchased with finance. We may be able to assist with insurance as well as the loan – mention your interest to our consultants.
We arrange Secured Bike Loans at a fixed and cheap interest rate and over a fixed loan period. Together, these two fixed aspects result in a fixed monthly loan repayment. This provides confidence and assurance that the loan will not change in regard to rate or repayments over the finance term.
Interest rates across the lending sectors have been at record lows since November 2020 but have started to edge up as a result of the RBA’s May rate rise decision. Additional rises are expected by the RBA, possibly in several months through the remainder of 2021. While we focus on always achieving the cheapest interest rates, our lenders will respond to RBA decisions.
Purchasing a new bike with finance asap could avoid a higher rate loan.
For new riders considering the Yamaha LAMS suited model should not the age restrictions on consumer goods finance. Applicants must be over 18 years to apply for finance under the Australian Consumer Laws, as applied by ASIC.
Under 18s can consider a guarantor for their loan. This may be a parent or guardian or other suitable over-18 person. Details on what is involved in being a guarantor can be reviewed at Moneysmart.
Pre-approved Motorcycle Loans
A pre-approved loan is a loan where the application goes through the approval process before the applicant has actually finally decided on the bike. This contrasts with committing to the motorcycle purchase and then applying for the finance.
As the actual loan amount required may not be known at the pre-approval stage, the application can be processed based on an estimate. The pre-approval process allows buyers to get a definite answer on how much they would be approved to borrow, the repayments on that amount and as such proceed to consider models within their affordability range.
The interest rate and all other loan features and conditions are the same regardless of when the loan application is made – pre or post purchase.
To be ready to purchase a new Yamaha model, contact us for a quick motorbike loan quote.
For a motorcycle loan quote on a new Yamaha, contact Jade Bike Loans at 1300 000 003
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 OWN FINANCIAL ADVISOR.
