Thinking of getting a motorcycle but don’t have the funds to buy one out right? Well, taking out a loan is the way to go, you can borrow the money to get the motorcycle and slowly pay the funds back. But it’s not that easy…It’s only easy if you have the right assets and liabilities.

This is the article that will help you out in what is needed to finance the motorcycle that you always dreamed off.

3 important steps that must be taken into consideration before financing a motorcycle:

1. Pick out you’re dream motorcycle.

Take into consideration when choosing a motorcycle..

+ Make sure the motorcycle is in your price range
+ Learners should start off with the lowest CC range and work their way up into the high CC range once more experienced.

2. Decide how you’re going to pay for the motorcycle.
There are many options in how you can do this…

+ Fianancing through your bank
+ Financing through a dealership
+ Financing through a finance company
+ Paying cash

It’s best to have a deposit when financing through lenders, also savings and one other loan which shows consistency and that you can make the payments back.

3. Are you going to buy it from a dealership or from a private owner?
When going through finance you must have an idea of who you are going to buy the motorcycle from. A private sale has more paper work involved than a dealership. The owner of the motorcycle must provide their details such as drivers licence, registratation papers, bank statements to provide them with the payment into their account, vic roads vehical check and inspection.

Also see part two in how to finance a motorcycle where, we talk about what is need to go to the next part of financing which includes putting in your application to settle the deal for you to have your dream motorcycle…

To continue reading part 2 [How to finance a motorcycle (part two)]

If you ever need to have a chat about your options in taking out a loan please do not hesitate to contact us and one of our supporting staff would be more than happy to assist you with any concerns you may have. You can find us on our website www.natloans.com.au or give us a call on 1300 955 791

Technorati Tags: motorcycle finance

In cases of ‘total loss’, GAP cover is a type of insurance that can cover the financial gap between the insured value of your vehicle and the total amount owed to your financier.

 Take Suzie for instance she brought a brand new 2009 BMW Series 3, and crashed it and “wrote it off” in 2011 she still owed $50,000.00 on it, if she didn’t have GAP cover on her car she would be stuck paying out $50,000.00 on a car she didn’t have.

 But luckily she did, so her insurance company paid out her debt and she was able you get a new car a month later, with out having to worry about her debt from her previous car loan.

 GAP cover is a great thing to have. It might cost that little bit extra but it puts the mind at peace if you do “write off” you car and still have finance over it, instead of paying off a loan that you don’t get the use out of the car.

 If you ever need to have a chat about your options in taking out a some insurance please do not hesitate to contact us and one of our supporting staff would be more than happy to assist you with any concerns you may have. You can find us on our website www.natloans.com.au or give us a call on our toll free number 1300 955 791

Technorati Tags: gap cover, insurance, write off

Are you unsure what insurance products are available to you? Well you’d be surprised on what offers are out there these days. Tyre and Rim insurance is now offered at majority dealers and financiers, it allows drivers to go for a ride without having to think about the event of their tyre going flat or nail going through it.

There are a variety of deals in which you can choose from, the standard deal includes of:

-          3 years protection

-          No excess no claims

-          Towing to the nearest repair shop

-          Offers discounts on tyres (Note: only specified manufacturers)

Insurer’s are quite strict as to when they will and will not pay out their client. They will not pay damage that is caused intentionally or if the client is failing to maintain the vehicle or bike. In some cases they will not cover mother nature disasters i.e. flooding not caused by storm water. They will only cover what is under the agreement, nothing more.

Before make any agreement read the fine print, you must be aware of what exactly are your terms and conditions.

For more insight on how to go about renewing or purchasing tyre and rim insurance contact Natloans 1300 955 791.

Queensland’s flood disaster has made residents all the more aware of what exactly their insurance policy consists of. Although it is stated in most policies that you will be covered for flood damage that is, flash flooding, storm water and rain water various insurers exclude riverine and inland flooding. This factor has affected many Queensland residences as they are now left with vehicles that are severely damaged and their insurers do not cover them. Many other residents weren’t even covered in the first place and as brutal as it may sound insurer’s are going by the notion of “no insurance, no payout”.

Suncorp is one of Queensland’s largest insurance companies that have flood insurance incorporated into their policy. There will be no issue in paying out clients whose cars, bikes or boats were damaged in the disaster.

This event has left Australians devastated and aware with exactly what their insurers are covering them for. When updating your insurance next be sure to read the policy thoroughly, even the fine print! It is vital to be covered in the event of any natural disaster. If you are not covered the consequences aren’t too pleasant, leaving you with no car to make your way around. Not only will you have to be relying on public transport, but also you will have to start saving for another car or seek for finance.

Let this disaster be a lesson to all, if you weren’t aware of your cover contact your insurer to find out what you are eligible for and seek for a product that does cover you.

Technorati Tags: Car Finance, First time buyers, insurance

Are you finding yourself unsure on whether to purchase motorcycle insurance? The answer in quite simple, ask yourself, what would you do if your bike was in an accident or was stolen?

Comprehensive insurance is now not only offered for vehicles but also for motorcycles. It is imperative that all drivers are safe on the road and are covered for the unexpected event of an accident.

There are varying covers that you can choose from:

• Comprehensive Insurance: Covers you for accidental damage, fire & damage and theft! This is a two-way cycle, you are covered for any damage to your bike and/or another persons property. Various insurance companies may also offer a hire car whilst your bike is being repaired, this may include of a small fee.

• Fire and Theft Cover: Ideal for the event of severe damages to your bike, this covers all the costs for the repairs.

• Third Party Cover: This type of cover is beneficial if you accidentally hit another bike or vehicle. It will cover you  for or the damagers on the victim’s property. However, this will not cover you for any damages to your bike.

Before you even think of going for a ride on your new bike, make sure you are covered with at least one for of insurance. Insurers offer many products, even if it is covering you for theft of personal items or repairs and expenses. No-one knows when an accident may occur and at that time you may not have the funds to repair the damages.

More information on Bike Insurances can be found on www.natloans.com.au, take the time to read what deals are available and if you are still unsure contact one of our finance consultants on 1300 955 791.

Technorati Tags: bike finance, Comprehensive Insurance, finance deals, Motorcycles

Are you thinking of making a new purchase but unsure about the type of loan you should be looking at? Before making the choice be sure to get some insight on what each option offers and will fulfill your needs best, there are two main loans – secured and unsecured.

Technorati Tags: secured loans, unsecured loans

Financing a bike is a lot like a car loan. Before you go out to the bike shops and fall in love with your dream set of wheels, it’s probably a good idea to pause and think about how you will best finance it.  Perhaps the best option available to potential buyers is the Personal Secured Loan.

So what is the product?

Personal Secured Bike Loan:

This is probably the best and most popular product if you are looking at bike purchase over $5000.  A Personal Secured Loan means the bike is used as security against the loan.

In this current economic market, a Personal Secured Loan is easier to obtain than a Personal Unsecured Loan (where no security is needed).  However, there are restrictions on the age of the bike. Lenders usually don’t want the bike to be any older than 12 years and the end of the loan. Older bikes cannot be used as “security” in its own right.

Usually this type of loan can run anywhere between 2 and 5 years.  However, bike buyer behavior demonstrates that most people keep their bikes for 18 months and then upgrade.  This is why a Personal Secured Loan is suitable because the exit fees are low and you are paying interest and principle from day one, which means when it comes to trading in or selling the old bike, you don’t owe more on the loan than the bike is actually worth. Finally, a Personal Secured loan is the cheapest option in interest rates, fees and charges and allow you to make additional payments.

Most lenders will want comprehensive insurance on the motorbike therefore you will need to factor this into your budget.

The lender will want:
1. Proof of income
2. Evidence of a stable home address
3. Permission to check your credit record

For more information on the loans process, please call Natloans on 1300 955 791 or visit our website http://www.natloans.com.au/. They will ensure the process is as smooth as possible because they are professionals.

Technorati Tags: bike loans, personal bike finance

Living a stressful life and you simply can’t take it anymore? Why stay at home where there’s always so much to do, and not be out traveling the coast with a friend or going for a relaxing drive there are so many places to see.

The new Kawasaki Ninja 650R is ideal for learner’s; it is now more modern and attractive than before. The Ninja is low on gas and holds its value for quite some time, so why not spend $10,800 on a brand new bike that will leave you exploring and everyone speechless of your purchase. If you are worried that it’s too much for your pocket, there’s no drama, you can find a used Ninja for only $7,995. It’s all about finding the best deal and bike to satisfy your needs. Is this not what your looking for? Are you on the lookout for something more powerful? Why not get a bike loan?

Maybe the Harley Davidson best suits you? Harleys have been around since the 1900’s, made for individuals who love to ride. Harley Davidson’s range between $15,000-$39,000, due to being such a reliable and popular brand this is why it is one of the most expensive brands. If you’re looking for quality, why not pay that extra?  At the end of the day you are the driver, you know which choice is best for you.

Natloans negotiates repayments that are reasonable depending on the type of client you are. For further information on how to go about choosing a bike amongst your budget visit www.natloans.com.au or if you would like to chat to a consultant contact us directly on 1300 628 562 and will be more than happy to have a chat.

Technorati Tags: Harley Davidson, Kawasaki Ninja 650R

When you think of a motorbike you think of freedom, hitting the road and just ridding on your dream machine non-stop. As bikes have become more popular lenders are have increased their approval rates. A Bike loan is a great way to purchase your dream motorbike without having to have the full upfront amount. By financing your bike loan you can easily turn your dream bike loan into reality.

Essentially bike loans come two different forms:
• Unsecured
• Secured

They both have their own advantages. An unsecured bike loans is generally approved much fast, the same day in most cases, whereas a secured bike loan will give you a lower interest rate.

Nowadays bike finance can be obtained for 100% of the amount finance. This mean you don’t have to put down a cent!

What will a lender or broker look at?

A lender will look at the term of the loan and the repayment plan plus
• The year of the motorbike
• The model
• Your income
• You credit history
• Employment history
• Capacity to maintain the bike loan
• Is the motorbike secured or unsecured
• The deposit you can put in
• Credit activity – how often you make loan applications

One of the requirements to get your dream motorbike financed is that you must have motorbike licence to ride the bike you wish to finance.

How can I get a better deal?
There are a number of factures that the finance company will look at to determine the rate of your bike finance. Each lender has their requirements but generally these factors will be looked at:
• Employment history – Minimum of 2 years
• Credit history – What loans have you repaid and were you on time?
• Deposit – The amount of money you can put into the loan
• Property backing – Owning a house or having a mortgage will heap a lot

There are many websites that you can look at to get a quote for bike finance. One should be carful of applying at too many places in a short period of time. Having said do your research and don’t just shop the rate also look at the fees and charges that come with the loan.

Mary Nebotakis is a financial consultant. She offers loan and financial advice on Motor Bike Loans. She is working as the senior financial consultant for Natloans. To find Bike Loans, cheap motorbike loans, motorbike loans, poor credit motorbike loans visit http://www.natloans.com.au/

Technorati Tags: bike finance, lenders