Planning to purchase a new motorbike? Checking out the latest models is the usual first step for buyers. For most new bike buyers, motorbike finance will be required so the selection process needs to be done in conjunction with choice of appropriate motorbike loan. With many brands advertising pricing, even on not-yet-released models, estimating motorbike finance repayments with a finance calculator makes the overall buying decision process a little easier.
We check out some of the new bikes on and coming to the market with news from the recent EICMA and the all-important details on motorbike finance.
International Exhibition News
News is filtering through after the annual EICMA which was recently held in Milan. EICMA stands for International Motorcycle and Accessories Exhibition and is a global trade fair for the two wheel market. The event is an important marketing resource for the Confindustria Industrial Association. The association which represents the majority of the most prestigious names in the sector.
The event is limited to media and trade attendees so details of what was on display will be sourced primarily through motorcycle media outlets. The events showcases many aspects of the industry including innovations, technical and of course unveilings of new models. Check out the event website news section for coverage of some of the happenings and what could be coming to Oz at some stage.
New Adventure Model from CFMOTO
CFMOTO has added a new model to its 700 CL-X range with the Adventure. The brand describes this model as bringing heightened offroad capabilities with exhilarating performance and the attitude of a scrambler.
Features include handlebars shifted up 30mm and back 15mm to allow for standing when tackling those rougher roads; support and grip from foot pegs which are serrated aluminium; ground clearance increase 10mm more than the Heritage model; raised front fender; high-strength frame with lightweight swingarm to enable responsive handling; standard inclusion of pannier luggage supports; and for more slippery road conditions, removable rubber inserts on foot pegs. Plus many more.
For those considering buying, CFMOTO are advertising a ride-away price of $11,990. This can be easily entered as the loan amount in our Finance Calculator to get a rough idea of motorcycle finance repayments. But one point to note about the driveaway price – the fine print states this includes 6 months rego where the state has this option available. For those wanting the full first year of rego, the price would be higher. Worth reading the full details so there are no surprises later on.
When included in the purchase price from the dealer, extras such as rego and many other accessories that the buyer may choose to include, may be included in the motorcycle loan.
New Features from BMW
According to reports the 2023 model of the BMW Roadster 1250 RS is coming soon, as in early in 2023, and with some updates. These include with an ECO mode as a standard inclusion and with Dynamic Traction Control. There will be 3 model variants to select from and pricing is currently leaked at from around $23,000. Head to your favourite BMW Motorrad dealer to talk specifics and delivery dates and as that date approaches, speak with us about pre-approved motorcycle finance so you are ready to ride away.
Pricing News
For buyers planning for 2023 purchases, Triumph Australia has released the pricing on the 2023 range of its Street Triple 765 range. On the brand’s website, the Moto2 has a $25,290 price, the RS $20,590 and the R priced at $18,090. All pricing is ‘from’ with an asterisk. That means, speak with the dealer for a specific quote and discuss what is included in that ride away price.
But for planning purposes, those estimated prices can be used in our Finance Calculator for rough repayment estimates at the current interest rates. Talk of interest rates slides us nicely into an update on motorcycle finance.
Update on Motorcycle Finance
Using our finance calculator is a great way to get rough estimates on motorcycle finance repayments for basic planning purposes. But there are two key aspects to be extremely mindful of – individual offers will be based on an assessment of the applicant’s creditworthiness AND interest rates are likely to increase moving forward.
The RBA Board is set to meet again on 6 December to decide on its next cash rate increase. Based on comments made by the RBA Governor and Deputy Governor around the time of the November rate decision, it was expected that the December increase could be 0.25%.
However, in the past week, Governor Lowe has delivered another address where he said that the Board would not rule out returning to 0.5% increases or keeping rates unchanged, depending on the economic data and circumstances. Our lenders make their own decisions on when and by how much they might change their motorcycle finance interest rates following an RBA rate rise.
This can create a lot of variation in the market and highlights the value of having our broker-style services at your service to source and negotiate the cheapest interest rate finance. For prospective buyers planning an upcoming purchase, speaking with us prior to purchase for a confirmed quote on a pre-approved loan can be a great benefit.
For confirmed quotes for pre-approved motorcycle finance 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.
