So, you have decided you want the thrill and freedom that comes with
riding a motorcycle. The next step is deciding whether you should buy the
motorcycle outright, or whether you should look at other options that are
available. This can be a difficult decision to make. Below, you will discover
the pros and cons of owning a motorcycle so that you can make up your mind.
PRO – THE MOTORCYCLE IS YOURS – One of the major benefits associated with
buying a motorcycle is that it will become yours. You will own it.
You can then sell it, and you can customise it any way you want. A lot of
people don’t like leasing in general because they feel like they have nothing
to show for their money.
CON – IT REQUIRES A LARGE UPFRONT PAYMENT – One of the main reasons why people feel like
they have no choice but to lease a motorcycle, or any type of vehicle for that
matter, is because they cannot afford the upfront cost associated with buying a
motorcycle. With leasing, you will benefit from manageable monthly payments.
PRO – YOU WILL HAVE A BIGGER SELECTION OF
MOTORCYCLES TO CHOOSE FROM – When you buy a
motorcycle, you are going to have a huge range of options available to you.
This is because you can dabble in the second-hand market as well. You can take
a look at the used Harleys available to give you an idea of this market. This means
you will be able to consider options you wouldn’t be able to afford if you were
buying new, as well as motorcycles that may no longer be available when buying
a new vehicle or leasing.
CON – YOU WILL HAVE TO FUND REPAIRS – When you buy a motorcycle, it becomes yours,
and it is, therefore, your responsibility. This means that you need to fund
repairs and pay for all servicing and maintenance. If you were to lease a motorcycle, the company
you leased it from would be responsible for all of this.
PRO – YOU DON’T HAVE TO PAY ANY FINES OR FEES – When you lease a motorcycle, there are a number
of fines you could be subject to if you do not adhere to the contract. For
example, if you want to end the contract early, you will need to pay a pretty
hefty fee in order to do so. Not only this, but also most lease contracts have
a mileage limit, meaning you can only do a certain number of miles per year.
And, yes, you guessed it; if you go over this, you are going to have to pay a
fine.
As you can see, there are pros and cons associated with owning a
motorcycle outright. There is no right or wrong answer. It is all about
figuring out what is right for your situation specifically. By considering the
factors mentioned above, you should be able to come to a decision that is right
for you.
Good write up. Something to ponder about owning a bike.
ReplyDeleteI can't ride a motorcycle, upgraded from bicycle to car in my younger days.
ReplyDelete