Regardless of age, for learner riders face similar options around which is the best motorbike to start with as it must be a LAMS model. But differing options regarding the motorbike loan to purchase a learner bike depending on the age of the rider.
Selecting a motorbike for a new rider has been made a lot easier thanks to the diligence of the team at bikesales and their Bike of the Year awards program. The team of expert judges decide on their overall best new bike for the year as well as the best LAMS- approved motorbike. When it comes to the motorbike loan, we can assist new and experienced riders.
To assist learners, we provide this explanation of LAMS bikes for learners, reveal the bikesales best learner motorcycle and outline the motorbike loan options for both young and older learners.
LAMS Motorcycle Category
LAMS stands for Learner Approved Motorcycle Scheme. A scheme which allows new motorcycle riders to only ride certain motorcycles. LAMS-approved models must meet the technical guidelines, especially being lower-powered, as set by the state.
There can be variations across different states. The NSW Fact Sheet can provide general information and riders should check the specifics in their state or territory. The information should be available on the state government roads and transport website. The rules can apply to learners and provisional riders of all ages.
Most motorcycle manufacturers offer LAMS-approved models, so learner riders do have a wide choice of options when purchasing their first motorcycle.
Winner of Best Learner Bike Award
With such a wide choice of LAMS-approved models and buyers new to motorcycle riding, the selection process may be a challenge. Perhaps a welcome challenge with the prospect of numerous test rides!
But the bikesales’ Bike of the Year Awards can assist learner riders. This awards program puts a number of contenders through rigorous testing until the judges make their final decision as to the winner. The BOTY awards includes a number of categories. Recently, bikesales announced the Aprilia Tuareg 660 as the overall winner with highly commended gongs for the Yamaha XSR 900 and Tiger 1200 Rally Pro from Triumph.
In the Learner Bike of the category, the judges have decided on the Triumph Tiger Sport 660 as the winner or 2022. The Triumph also won in 2021 and this year triumphed over a group of very strong contenders. The other finalists considered for Learner BOTY included models from Royal Enfield, Aprilia, Honda, KTM, Yamaha and Benelli.
The bikesales team note that the Tiger Sport shone on a number of judging points including the sharp styling, the user-friendly, relaxed ergonomics and of course that engine. The Triumph is seen as bringing high levels of equipment and performance to this LAMS category at a realistic price point.
The judges outline a range of reasons why they made this selection and these can be read at the bikesales website.
The price point is around the $14,990 mark. A great estimate for those requiring a motorbike loan to start working up possible loan repayments to plan their purchase.
Learner Motorbike Loan
We said upfront that the motorbike loan for a learner can differ depending on the age of the rider. That’s because, while those under the age of 18 can get a motorcycle learner licence, they are not eligible to apply for consumer finance – ie, a motorcycle loan.
Our Secured Motorbike Loan is a form of consumer finance and as Licensed Credit Providers, we must adhere to the consumer finance laws as regulated through ASIC. This loan will suit many buyers, over the age of 18, for the purchase of a new LAMS-approved motorcycle.
With a secured loan, the motorbike is accepted as the security or guarantee for the finance. We source the cheapest interest rates and secure a fixed rate for this type of loan. That means the rate will remain the same through the full period of the loan and not change when the RBA or the lender announces rate changes. This fixed rate, in conjunction with the fixed term, provides a fixed monthly repayment.
For learner riders under the age of 18, the motorbike loan options which may be considered can include someone else purchasing the motorbike for the rider or possibly a guarantor arrangement. For more details on the options available to meet your specific requirements, please feel free to contact us for an obligation-free discussion.
For a motorbike loan for a learner rider and LAMS-approved motorcycle, contact Jade Bike Loans on 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.
