Motorbike buying tips to secure your next wheels

Published on June 15th, 2020
  Written by 
Bill Tsouvalas
Bill Tsouvalas is the managing director and a key company spokesperson at Savvy. As a personal finance expert, he often shares his insights on a range of topics, being featured on leading news outlets including News Corp publications such as the Daily Telegraph and Herald Sun, Fairfax Media publications such as the Australian Financial Review, the Seven Network and more. Bill has over 15 years of experience working in the finance industry and founded Savvy in 2010 with a vision to provide affordable and accessible finance options to all Australians. He has built Savvy from a small asset finance brokerage into a financial comparison website which now attracts close to 2 million Aussies per year and was included in the BRW’s Fast 100 in 2015 as one of the fastest-growing companies in the country. He’s passionate about helping Australians make financially savvy decisions and reviews content across the brand to ensure its accuracy. You can follow Bill on LinkedIn.
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Motorbike buying tips

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There are many ways in which a motorbike can be cost-effective. However, securing a great deal on your motorbike requires research and comparing prices. One thing that can also help you narrow your search is knowing what to look for in a used motorbike to get the best possible deal. Here are 4 tips to help bring you one step closer to securing your wheels.

1. Check the exterior

Doing a thorough search on a used motorbike is one of the ways in which you can ensure that you are getting the best deal. Check that the exterior is in mint condition. For example, check that the paintwork is in good condition. Take your time and look for rust on the metal parts of the bike. This also means inspecting cracks on any plastic items. The key is to take your time and find any issues to prevent purchasing a bike that could end up costing you in the long run.

2. Check the wheel conditions

Knowing what to look for when checking the condition of a used motorbike can make your purchase process easier. When it comes to the wheels of the bike check for any loose spokes if the rims are free from corrosions, and the tread life on the tyres. The condition of the bike can be a good negotiating point, especially if you have compared your options. If it is possible, take the bike to a mechanic who will be able to check the brakes for cracks and determine the brake-pad life.

3. Rear suspension conditions

It is vital to check if the bike has been taken care of properly. You can ask the owner to provide you with the maintenance records to ensure that you won’t end up purchasing a lemon. According to research by Choice, 14% of new cars sold faced major problems. It is possible to also find the same issues when it comes to purchasing a used motorcycle, which is why it is vital to check the maintenance and repair conditions. Checking the rear suspension of a bike can let you know how well the bike has been taken care of. Make sure that this segment has plenty of damping which will show that it has been taken care of.

4. Do a PPSR check on the bike

To avoid an awkward situation where you end up purchasing a stolen motorbike it pays to run a PPSR check. Using the cars VIN number on the PPSR site can give you valuable information on the bike such as:

  • If it still has finance owing on it
  • If the odometer has been tampered with
  • Repair and maintenance history
  • If it has been involved in any accidents
  • Number of owners it has had

Always remember to compare your options on bikes and financing to see whether you are getting the best value for your money. You can also make use of a financial advisor when it comes to Knowing the best finance options to help you secure a leisure loan to purchasing a motorbike.

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This guide provides general information and does not consider your individual needs, finances or objectives. We do not make any recommendation or suggestion about which product is best for you based on your specific situation and we do not compare all companies in the market, or all products offered by all companies. It’s always important to consider whether professional financial, legal or taxation advice is appropriate for you before choosing or purchasing a financial product.

The content on our website is produced by experts in the field of finance and reviewed as part of our editorial guidelines. We endeavour to keep all information across our site updated with accurate information.

Approval for leisure loans is always subject to our lender’s terms, conditions and qualification criteria. Lenders will undertake a credit check in line with responsible lending obligations to help determine whether you’re in a position to take on the loan you’re applying for.

The interest rate, comparison rate, fees and monthly repayments will depend on factors specific to your profile, such as your financial situation, as well as others, such as the loan’s size and your chosen repayment term. Costs such as broker fees, redraw fees or early repayment fees, and cost savings such as fee waivers, aren’t included in the comparison rate but may influence the cost of the loan. Different terms, fees or other loan amounts may result in a different comparison rate.

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