The demand for two-wheelers has increased significantly since the beginning of the COVID-19 pandemic. Much of its popularity stems from the fact that two-wheelers are the most convenient way to navigate daily traffic and you can also remain protected against the deadly virus. It enables you to save both time and money.
Also, with the continuing financial instability induced by the recent pandemic, not everyone can afford to buy a bike or scooter without touching their savings or investments. In such cases, you can get the best two-wheeler loan and manage your finances without putting any burden on your pocket. Low bike loan interest rates and flexible repayment tenures enable you to pay your EMIs without any delay.
Tips to Buy a Two-Wheeler
However, getting a two-wheeler can be a daunting task when you have a host of options available in the market. Here are some of the crucial tips to help you buy a two-wheeler that best serves your needs.
Choose your type of two-wheeler
Before taking a decision, it is essential to assess your needs and decide what kind of a two-wheeler you want. You can opt for a scooter or a bike, depending on your needs. The difference between them is that scooters lack gears, but they are easy to handle, offer better storage space, and offer great manoeuvrability.
As with a bike, you can avail of robust control and stability, and they are suitable for both cities and rough terrains. You can take your bike and go on a long ride that you have been planning for quite a long time. However, it can cost you more than a scooter.
Define your budget
A two-wheeler’s price can start from Rs. 45000 and can go up to Rs. 500,000 depending on the features you want. If you want a two-wheeler for your daily commute, you may find something within your budget. But, If you are looking for a cruiser bike or a high-end sports bike, it will be expensive.
However, if you do not have the budget to buy a high-end motor brand, it does not mean that you should give up on your dreams. You can still own your favourite two-wheeler by opting for the best two-wheeler loan. You can repay the loan amount without constraining your budget, as the bike loan interest rates are affordable.
Look for fuel-efficient two-wheelers
Before buying a bike, it would be wise to check the bike’s fuel efficiency. Bikes offering great mileage can significantly decrease your monthly expenses. You can cut down on your petrol bills. You can calculate your bike’s mileage by finding the average distance it can cover with one liter of fuel consumption.
It is worth noting that your bike’s mileage may vary across different roads. For instance, the fuel efficiency of a bike driven in the city may differ when driven on the highway.
Check reviews from bike enthusiasts
You should not blindly accept what your dealers advertise. If you are buying a bike for the first time, you can not possibly be sure of the performance it can offer. Having said that, you can check for reviews from bike enthusiasts who have used your preferred bike in the past.
User reviews and testimonials can offer a great insight into a bike’s features like mileage, on-road performance, fuel efficiency, engine performance, maintenance issues, etc. The best part is that you can compare reviews of different two-wheelers in the market and buy one that better suits your needs.
Cost of maintenance and availability of service shops
A two-wheeler consists of different parts and components that require maintenance regularly to conserve its condition. You will need to give for service from time to time to maintain its performance.
Sometimes, It is difficult to find a bike’s certain parts and components at a nearby service shop. So, you will have to choose a two-wheeler whose parts can be found at any nearby service shops.
Consider two-wheeler insurance
It is mandatory by law to have vehicle insurance. Two-wheeler insurance will not only protect you against expenses incurred for servicing and maintenance, but it can also cover the cost repaid in the case of accidents. There are several bike insurance policies available in the market. Choose one that offers maximum cover.
A two-wheeler is the best way to navigate through daily traffic or take on long road trips without exposing yourself to the risk of COVID-19. Nevertheless, buying one from your pocket can expose you to a financial crisis. Therefore, you can always opt for the best 2 wheeler loan available in the market and manage your finances well.