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

With Rossi’s Yamaha contract expected to finish at the end of 2010, could we see one of the most renowned men on two wheels take a place at the podium of four wheels?

At the moment the Formula One the spotlight is surrounding three big drivers’. Micheal Schumacher who competed in 2010 but not in 2009, Kimi Raikkonen who competed in 2009 but not in 2010 and Valentino Rossi who has never completed in F1.

Rossi  to take on F1?

It is true that Rossi has only ever driven an F1 6 times but has made his mark in more than one page of motorcycle history.  Can he write a page in the history book of F1? There has only ever been one person to make such a feat – John Surtees.

Lets put everything into perspective. On the 20 and 21 of January at the Catalan circuit of Montmelo. Rossi was given the identical car Kimi Raikkonen used in 2008 to set the circuit’s record of 1:21.67. On day one, Rossi completed 68 laps, added over 300 kilometres to the odometer and his fastest time was 1:25.200. Day is what we are interested in, Rossi clocking 1:21.900, which compares to the fastest time for 2009 of 1:22.762. Bear in mind that Rossi hasn’t driven an F1 since November 2008.

Look out for the F1 season of 2011.  Schumacher will have settled, Raikkonen will be back and we’ll have Rossi to watch. Well let’s hope so.

Technorati Tags: Motorcycles, Valentino Rossi