After perusing the posts made about buying new v. buying used, you have decided that the new option is best for you. The process of buying your new motorbike may seem tough and complex, and without any indications it can be.
The following guide will provide all you need to know about making this purchase, so you can rest assured in an enlightened position. Also consider using an motorcycle online store.
What To Expect
Expect the gosh-wowing sales person to tell you how absolutely cool / rugged / attractive you look on the bike and how you will have all the attention from the girls / guys.
Expect the salesperson to tell you the price they are offering is special and may not be around if you wait. But ignore this, you never want to be pressured into a decision. It’s a better idea to find the price that you can’t resist or best financing possible.
Expects a hard-ball sales pitch on the value and importance of the extended warranty. Ignore that as well, most motorcycles you’ll but come with a one or two-year warranty and the repairs made in this time will be few and fairly cheap. Unless you crash and total the bike, in which case the extended warranty won’t be worth a spicy pile of beans.
Expect a complex paying process that will take a few hours. After you have negotiated with the salesperson, they will redirect you to the finance department who will want to know exactly how they will be receiving their payments. During this time, they will be prepping your bike for the sale and after all the baby-kissing and hand shaking can take a good hour or two.
What You Need To Know
According to Biker Report the most important thing is to remember that you are in control, if you are walking on the lot to make a purchase or simply ask for information, the sales person can’t bully you into making a decision you aren’t ready for.
The force can be strong with the salesperson, yet it has little effect on the well-informed customer. The salesperson may also be barely educated on the specifics of the motor, engine and more, so don’t walk in expecting to find and expert other than expert sales pitch. Do your research yourself and fully consider the specs, performance and price available before taking the salespersons word for it.
Understand the insurance costs, there is nothing as bad as getting your hopes set on a bike that you can’t afford in insurance payments. You can find all the quotes you need at Progressive. You will find that terms and conditions for each bike can vary between providers and while some may consider a Ducati, for example, a sports bike other may consider it regular. The prices between these options can be phenomenal.
Know your budget. There will be some additional expenses beyond the bike itself, especially if this is the first bike you own. Don’t forget the need for:
- Riding Gear
- Dealer Fees ($300 – $1,000)
- Sales Tax
- Title Transfer
Know how you’re paying. Where homes and cars can require massive don payments, a motor bike can be a real sweet deal. But, the more cash you have on hand the better your negotiations will go for you. Consider getting a payday loan to cover excess downpayment and other miscellaneous expenses. Interests rates will vary and will be very different depending on the amount being financed and the loan period. Motorcycle loans are not nearly as long-lasting as car loans but can be found in the 60 month range.
Common Sense Advice
Take your gear with you, whether you will be riding in home or just taking the bike for a spin around the block to test it out, you will want to be fully prepared. Just don’t bring the gear into the dealership with you, or the salespeople will redouble their efforts.
Plan insurance in advance, this will allow you to get a good price and activate it for the ride home, because you never know.
Take your license and proof of insurance, otherwise the dealership may not allow you take a test drive.