It is no secret that manoeuvring large vehicles on Indian roads is often challenging. As a result, most people in the country find two-wheelers more convenient, both financially and utility-wise. No wonder, according to a Statista survey, 21 million two-wheelers were sold in India in 2019 alone.
Their popularity is continuously growing and justifiably so, and there’s no reason you shouldn’t invest in a two-wheeler. And, if you can’t afford it with your savings, you can always opt for a two-wheeler loan. However, the moment you step in the market, you are spoilt for choice. You might be confused between a fancy sports bike and a cute scooter, but to make a decision, you should understand your needs first.
Here are some quick tips that will help you buy the best two-wheeler for yourself.
- Choose a Brand
There are several two-wheeler brands in India who develop models tailored to the Indian customer. To begin shopping, you should first shortlist a few reputable and trusted brands. Some of the most popular Indian two-wheeler brands include Honda, Hero Motocorp, TVS, Suzuki, Mahindra, etc. All of these brands manufacture models on which you can avail of a 2-wheeler loan. Some brands also collaborate with NBFC’s or banks to offer low two-wheeler loan interest rates.
- Choose the Type of Vehicle
There are a myriad variety of two-wheelers in India. These include sports bikes, cruiser bikes, scooters, electric bikes etc. The type of bike you choose depends on how you plan to use it. For example, if you are not going to use your two-wheeler for long drives, it is not ideal to invest in a cruiser bike. Therefore analyse your usage pattern to see which type of motorcycle or scooter fits your needs best. If you cannot afford your chosen bike, apply for a two wheeler loan online.
- Analyse the Features of Different Models of Your Chosen Bike Type
After you have chosen the type of bike you need, examine its features. Two-wheelers in India come with a wide variety of drivability, electrical, and mechanical features. Compare mileages, auto-start features, fuel systems, engine performance, weights, and dimensions primarily. You should also look at the style and colour options available. Bikes with more advanced features will most likely be expensive, but you can always choose an online two-wheeler loan to afford them.
Follow the tips listed above to bring home the best two-wheeler capable of servicing all your riding needs. Even if your chosen bike is somewhat out-of-budget, apply for an online two-wheeler loan instead of settling for a less adequate model. You can also apply for an offline zero down payment bike loan if you are eligible for one.
Remember to check your two-wheeler loan eligibility before filing your application by visiting a lender’s website. You should also compare the two wheeler loan interest rates of different lenders to finalise one that is most affordable. For a bike loan, applying online is the most hassle-free way.
With the right model in mind and an affordable bike loan, you can soon adorn your garage with the two-wheeler of your dreams.