When buying a bike, the key factors that one keeps in mind are the bike’s power, intended usage and looks. You would definitely want to create an impression as you zip through the lanes of your city or scale the off-roading territories.
An important point that often gets ignored is whether to buy new or second hand bike. Though it may not seem an important factor as far as the prominent features of a bike are concerned, it certainly makes a difference on the finance front among other things. Let’s compare the advantages and disadvantages of both options:
Additional Read: Best Mileage Bikes in India
Additional Read: Best Budget Bikes in India
To buy a bike outright is good if you have the funds for it. Else, it is a good idea to go for a pre-approval for a bike loan. It makes sense as it helps you to fix a budget that you would need to stay within.
You can use a bike loan EMI calculator to calculate how much loan would be suitable for you. Buying the bike on loan would make the load on your wallet a little bit less. You can also look for suitable exchange offers where you can trade an old bike for a new one for a good discount.