A motorcycle loan can be a good solution for those who can no longer walk and have no money. Especially if it is a motorcycle with no down payment.
Today we have another special article that will certainly help you if you are looking for better financial conditions in negotiations.
Is it worth financing a new motorcycle?
Having your own vehicle is a basic need for many Brazilians, as public transport leaves a lot to be desired in some cities.
Buying a motorcycle is an alternative that many people have sought. But when they don't have enough money to make a down payment, the question arises: is it possible to make a motorcycle financing without down payment?
You can rejoice, because the answer is Yes!
Even though it is not an easy process to find dealerships and finance companies that do this, there are already many that are willing to make it easier so as not to lose customers. With calm and good research, you will find the solution to this problem.
Motorcycle Financing with No Down Payment
Before anything else, it is important that you have all the necessary documents to apply for motorcycle financing with no down payment.
First of all, it is important to note that buying a vehicle without paying a down payment is not usually the best option. This method can significantly increase the interest on the installments.
However, in some cases, the buyer needs the motorcycle urgently and cannot wait to save up the money and make a down payment. In this case, you also have the option of making a loan to buy a motorcycle.
If you need help, check out our calculator!
But, what we will talk about here is basically the methods that exist on the market, which in turn, make it possible to buy a motorcycle under these conditions: financing, consortium and leasing.
Each of these methods has its advantages and disadvantages, and it's up to you to decide which one best suits your needs!
Honda motorcycle without down payment – what to do?
It's a question that has many possible answers: do you really know how much it costs to have a new Honda motorcycle?
Let's talk about buy honda motorcycle without down payment and consider a current model and one of the most sophisticated versions of the brand: the CG 160 Start. Did you know that this motorcycle can cost you installments of R$ 151? If you don't believe it, find out how to simulate Honda financing!
When simulating financing without a down payment, the installments are usually R$ 151 if you choose the 80-month payment term. It can be purchased through the Consórcio Nacional Honda.
And the best thing is that the simulation is practical and intuitive on Honda's official website.
Another way to buy your Honda motorcycle without a down payment is through a consortium, which is a way to buy high-value products in installments.
It has similarities with a bank loan, but it also has differences. In the case of Honda, there is the Honda National Consortium.
It works like this: the consortium member chooses a payment term and pays monthly installments until the end of the contract. Then, he or she takes out the letter of credit or the desired item, which in the case of Honda, can be a motorcycle or a car.
Yamaha motorcycle without down payment – what to do?
Buying a Yamaha motorcycle is also not that complicated, but you need to pay attention to the details of its interest and long-term fees.
Yamaha, like Honda, has a spreadsheet for its consortium that is available on the internet and shows that the rates change according to the payment terms.
To give you an idea of how simple and accessible the transaction is, the monthly administration fee varies between 0.2% per month and 1.5% per month.
The reserve fund with Honda or Yamaha also varies and is between 0.02% and 0.125% per month. It is worth considering that when requesting financing from Yamaha, the possible terms are 12, 25, 36, 50, 60, 72 and 80 months.
Advantages of Yamaha Motorcycle
It is one of the favorites of Brazilians who love speed. Yamaha has one of the best acquisition values on the market, as well as investing in high technology to raise its models in category.
Those who already know the brand should be aware of the 2020 motorcycle launches, as Yamaha promises a lot of new features for its audience.
Yamaha is always a reference when it comes to motorcycles and you will see that this purchase is worth it. The models are complete and very comfortable.
Disadvantages of Yamaha motorcycle
Not everything is perfect, is it? Now, let's take a look at the main disadvantages for those who choose to buy new Yamaha motorcycles. When it comes to support, the brand leaves a lot to be desired, at least that's what market research says.
Furthermore, another thing is that the brand has a very high assistance cost, Yamaha usually has a somewhat expensive cost for parts for various motorcycle models.
However, to really decide which brand is best, you, dear reader and buyer, must compare the aspects of each one with your priorities as an owner.
You will need to present the following documents:
– ID
– CPF or driver’s license
– Proof of income (pay stub or bank statement)
– Proof of residence (not older than 3 months)
And any other document requested by the financial institution or dealership.
Where can I get a loan to buy a new motorcycle?
Buying a new motorcycle will always be a challenge, and taking out a loan to buy your motorcycle will be even greater.
There are some interesting options on the market, but we always want to recommend the safest ones. Therefore, always with a lower interest rate that fits your budget.
If you are actually going to take out a loan, we recommend that you run simulations online, preferably at the bank where you are already a customer.
If you don't have a bank account yet, we recommend online simulations at the following financial institutions: Banco Itau, Bradesco and Santander, all of which have affordable conditions.
Is your name not cleared for traditional banks? We at the Digital Seguro portal recommend that you do a search on Crefisa, which is a company that works with people with bad credit.
More information about financing or loans? Click here.
And to make your own calculations, check out our online interest calculator.