Motorbike Finance

We can finance any motorbikes you are looking to purchase for your individuals around Australia. These include but are not limited to: Standard or Road Bikes, Sports, Cruiser and Off-Road. Please know that no matter what motorbike you are looking to purchase we will have the perfect finance solution for you.

We pride ourselves on making motorbike finance hassle free with as minimal paperwork as possible. Every finance application is unique to us and that’s starts with getting to know you and your needs.

Simply give our specialists a call on 1300 842 911 and they will have a five-minute phone call to run you through the strategy for your approval and the key items we will need. The best part is due to our experience will be able to give you a good estimate of what kinds of rates and repayments will be over the phone in our introductory call.

Please don’t feel that you will need to give us a mountain of information. We strategically know exactly how to secure your motorbike finance approval with only the key important items required. You will be pleasantly surprised at how little information we can sometimes require and still have you approved with a major bank for your motorbike loan.

Absolutely not! Yakka Finance has access to a wide variety of low documentation finance offers that the major banks and other financiers offer us to secure your motorbike loan approval. Please don’t feel like you must provide us with a lot of information to secure your finance approval. When we speak to you over the phone, we will know exactly what key items to obtain from you to secure your finance approval. It might surprise you on how little information we need.

Low Doc Motorbike Finance means we only need a very small amount of documentation to secure your finance approval. Most of the time we require 2 to 4 weeks’ worth of payslip from your employer. Our specialists can run you through how easy it is to secure a Low Doc Motorbike Finance approval over the phone in 5 minutes. Feel free to call us on 1300 842 911 to find out how little documentation we need for your motorbike loan approval.

You can borrow as much as you need for the full purchase of the motorbike of your choice. For Motorbike purchases this is normally from $7,000 up to $100,000. Some banks and lenders will require deposits whilst others won’t. We will find out exactly what you’re purchasing and walk you through the strategy of what is required on your motorbike finance depending on your total loan amount.

This is a very common question that is always essential to ask. We love this question as we have managed to secure market leading interest rates that start from 5.99% for brand new motorbike purchases.

The only way we have so many loyal customers is our service is great and we can secure market leading interest rates.

The big advantage for you is because of the volumes of motorbikes we finance and the quality of our application submissions we are offered preferential interest rates from the banks and lenders that not all finance brokerages are able to secure.

There are many factors that can influence the interest rate on the motorbike you have decided to purchase.

Here are some key considerations that can influence the interest rate:

• How long you have been employed for? (E.g., Full Time Employee, Casual, Retired)
• If you are purchasing your motorbike from a Licensed Motorbike Dealership or purchasing a motorbike from a Private Seller
• What the specific year build the motorbike is. For example, a brand-new motorbike would secure a much lower interest rate compared to a motorbike that is much older for example, a 2003-year build Ducati
• If you or your spouse is a Property Owner or if you are currently renting
• Your total motorbike loan amount. The higher the motorbike loan amount can sometimes result in a lower interest rate
• If you have had a good or bad history on finance or motorbike finance before and if your repayment history has been good or bad
• If you have a clean credit file or a credit file with a low score

We can usually obtain a finance approval within 24 – 48 hours of receiving all your details. Let us know your timeframe and we will work with you to get the motorbike loan approved and settled with the most appropriate lender due to the time you are needing your new motorbike by.

The average motorbike loan term is between 3-7 years (36 to 84 months). The choice of loan term is ultimately your choice. The shorter the term would result in a higher monthly repayment as you are paying the loan off on a shorter loan period. If you every want to play around with what Loan Term works for you on your motorbike. Have a play with our easy-to-use Motorbike Finance Calculator – https://yakkafinance.com.au/finance-calculator/

A balloon payment is a lump sum which is owed to the lender at the very end of your loan term, after all your regular monthly repayments have been made. It allows you to repay only part of the principal amount of your motorbike loan over the term you request. The reason for having a Balloon Payment is that it allows you to lower your monthly repayments for cashflow purposes.

When it comes to end of your contract, and you still have your Balloon Payment to deal with. It is easy to refinance your balloon payment at the end of your loan. Alternatively, you can trade the motorbike in for a new motorbike or sell your motorbike to another party which if structured correctly should be more than the balloon payment you owe.

It is completely your choice whether you want a balloon payment in your loan structure to reduce your monthly repayments or not. We can workshop this with you to make sure the repayments suit you.

You need to be mindful when financing motorbike through a dealership. Historically they do not always have the best reputation. Now were not saying this is for every motorbike dealership only some of them offer a good service but the majority don’t.

We have caught out many motorbike dealerships in the past who have said to our customer the motorbike loan interest rate is 7% and once we had checked the loan structure for our customer the interest rate was in fact 14.68%. Our advice is if you have received a finance quote or even a finance approval from a motorbike dealership, please let us check the repayments for you to ensure it matches the rate. More than likely, we will have a better finance solution for you.

Yes, financing a motorbike from a Private Seller is very common and we do these types of transactions all the time. We know that people love finding a great deal on a motorbike privately. We will handle the whole entire sale process with the private seller for you and arrange for them to get paid by the bank or financier correctly. This process is very streamlined for us, and we only require the agreed price you have negotiated with the private seller. We will handle the whole entire process from there.

It’s generally recommended to make sure you are happy with the motorbike you are buying especially if you are purchasing through a private seller. When it comes to Private Sales finance companies will require a third-party finance inspection on the motorbike to make sure the motorbike’s asset identifiers (VIN Number & Engine Number) matches the Registration papers and the Tax Invoice.

We simply will book a Motorbike Finance Inspection company to take photos of the Front, Back, Sides, Odometer and Compliance Plate of the motorbike to make sure it all matches your loan documents, registration papers and Tax Invoice.

We also complete a PPSR search on the motorbike to make sure the motorbike is not a write off or has been stolen. You are welcome to also do a mechanical inspection of the motorbike (at additional costs) to make sure the motorbike is mechanically sound just to make sure you are completely comfortable on moving ahead with the motorbike purchase. We are also able to book in mechanical inspections for you.

Yes! Whether it is new, used and even demo motorbike we offer tailored finance solutions for all ages of motorbike year build. We have a wide variety of banks and lenders that will comfortably finance used motorbike. You tell us what motorbike you would like to purchase. We will then match that motorbike with the most appropriate bank or lender for you.

This is one of our favourite things to do. Yakka Finance has access to the most cost-effective interest rates in the market. So given the opportunity to beat your current rate is something we take a lot of pride in doing.

If we can’t beat your interest rate that means you are getting a fantastic rate for your motorbike purchase. We will give you true and honest feedback once we have a look at what motorbike you are purchasing, your current repayments. Given the opportunity we won’t let you down on securing the right approval for you.

Yes, you are more than welcome to make extra repayments off your motorbike loan. It’s a good overall strategy to reduce the amount of interest paid on your motorbike. It can sometimes be best hold on to your savings and pay off the motorbike loan in the last 1-2 years of your contract.

Yes, we can arrange Motorbike Insurance for you as we have access to experienced insurance providers that will give you the right advice when it comes to insurance.

Yes, we have a large variety of banks that will give you an approval without having to put your own cash savings into the motorbike purchase and it won’t affect your interest rate in most scenarios. Our most common motorbike loan is with no deposit required.

Yes, we secure motorbike loan approvals for Low Credit Score applicants. We are comfortable on getting your motorbike loan approved with a low Credit Score. We fully understand that what happens in the past doesn’t dictate necessarily where you are now. With most of our clients if they get a Credit Default on their Credit file there is normally a good reason behind the credit default and why it’s there.

Some of our customers are just unlucky with missing the payment of Energy Bills when they change their residential address or have had a dispute over a phone bill where they were charged to much by their phone provider. These are all very common and banks have a good understanding of this.

We always get an understanding of why your Credit Score is below the average and then effectively communicate to the appropriate bank as to why it is lower. Please have comfort that we know how to communicate correctly to the right banks or lenders on the story on the Credit Score and/or Credit Default to get your motorbike loan approved. In addition, we have a great external team we utilise to lift the Credit Default off your file and lift your credit score for you.

Although we are happy for you to go to your bank to obtain your Motorbike Finance, we know that it almost always doesn’t deliver the same outcome to you. We know our process compared to a banks process is completely different and we pride ourselves on it. Here are some key reasons as to why we are better than a bank for your motorbike loan approval:

• You could end up going to the wrong bank who would charge you a higher interest rate and make you jump through a lot more administration hoops just to secure a simple Motorbike Finance approval. We know the banking landscape extremely well and once we get an understanding of your personal requirements and what motorbike you are purchasing; we will then take you to the most appropriate bank to secure your finance approval with ease.
• One bank will have a better interest rate than another bank depending on what motorbike you are purchasing at different times of the year. We know exactly which specific banks to go to at certain times of the year on different motorbike.
• Don’t waste a credit enquiry on your credit file. When we submit your motorbike loan for an approval, we know it’s going to be approved. You might go to a bank that won’t do motorbike loans. This keeps your Credit File Scores strong as every credit enquiry results in a finance approval.
• You will spend a lot more of your own time and efforts putting an application together from the bank and have no idea if you will get an approval. When we go to a bank, we are already 99% sure they will approve your motorbike loan.
• With Yakka you will always have one point of contact for every motorbike purchase you do. Bank Managers and Motorbike dealerships are always changing roles in the banks. You might have a great bank manager for one year and then they move on, and then you have to build a new relationship with another bank manager that might not understand your situation. At Yakka Finance we are not going anywhere and are here to have a strong relationship with you long-term!