You have finally decided to buy your first bike. But owning a two wheeler is an investment. Specifically, the first one. The ease of commute which a bike provides is something everybody needs, to save themselves from gnarling traffic of Mumbai. Before you buy a bike, you should do thorough research and only then zero in on one. There are a lot of things which you need to look at before you purchase your two wheeler.
Here is a basic guide of things you should know before your first bike purchase.
1. Set a Budget
Before you start searching for the make and model of a bike you need to know how much you can pay for the purchase. Having a budget in mind narrows down the search and saves time.
2. Choose a Renowned Brand
You should choose a bike from a renowned and respected brand in the industry. If your bike is of a good brand, then this can fetch you a good resale value.
3. Choose the Right Type
There are many types of bikes designed to serve different purposes. Whether it a dirt bike, sports bike or a superbike, you need to know your type, as per usage or desire, and choose accordingly.
The next important thing is to check how much mileage your bike can give you. Make sure you do not confuse the in-city mileage with the highway mileage.
5. Height and Weight
The height and weight of the bike should be according to your comfort. If your feet do not touch the ground and you cannot handle the weight, then investing in a such a bike is of no use.
6. Service Center
Ideally, the brand of which you are buying a bike should have service centers all across the country.
7. Cost of Maintenance
A bike requires regular maintenance. You need to check with the dealer on where their service centres are situated or what the maintenance costs for your bike are likely to be.
The two wheeler industry in India is booming and how! You are definitely spoilt for choice when you go into a showroom. The above parameters will help you make an informed decision. When it comes to financing your two wheeler, you can avail a two wheeler loan. The process to avail a two wheeler loan is completely online and hassle-free. You get the money in your account in minutes. Some lenders also offer 100% financing of your bike. You can calculate your bike loan EMI using an EMI calculator. Also, as there is high demand, lenders are offering competitive two wheeler loan interest rates. A bike loan can help you get your bike home sooner.