For a growing number of people, motorcycles are no longer a simple walker, but rather a way of life. However, the purchase of a motorcycle may be a considerable investment, and there may also be some choice difficulties for those who want to buy it in instalments. So, what kind of motorcycle is amortized loan

First, what we need to understand is that motorcycle slotting is different from buying household appliances or other consumer goods, and it takes into account a number of factors, such as the duration of the loan and interest, down payment and monthly provision, vehicular mortgages, vehicle insurance and the credit records of lenders。

Second, according to the market, the motorcycles that are currently available for amortized loans are divided into two main types: national motorcycles, such as sheep, sun, leopards, etc., and imported motorcycles, such as BMW, Duqadi, Makha, etc. The loan policies and conditions for the two motorcycles differ slightly。

THE DURATION OF THE LOANS FOR THE NATIONAL MOTORCYCLES VARIES FROM SIX MONTHS TO THREE YEARS, WITH DOWN PAYMENT GENERALLY IN THE RANGE OF 20% TO 30%, WITH RELATIVELY HIGH INTEREST RATES RANGING FROM $150 TO $500 PER MONTH. IN RELATIVE TERMS, THE PRICE OF DOMESTIC VEHICLES IS LOW, SUITABLE FOR BEGINNERS OR FOR URBAN MOBILITY。

THE DURATION OF THE LOANS FOR IMPORTED MOTORCYCLES VARIES FROM ONE TO THREE YEARS, WITH DOWN PAYMENT GENERALLY RANGING FROM 30% TO 40%, WITH A RELATIVELY LOW INTEREST RATE OF BETWEEN $300 AND $2,000 PER MONTH. IN RELATIVE TERMS, THE COST OF IMPORTED MOTORCYCLES IS HIGHER AND THE USE OF HIGHER-GRADE MATERIALS IS MORE PERFORMING AND SUITABLE FOR LONG-DISTANCE TRAVEL OR RACING。

In addition, motorcycle loans need to take into account your credit records, and banks often determine the amount and interest rate of the loans based on your monthly income, job stability, credit ratings, etc. If you have a better credit record, then the loan period can be longer and interest rates lower, otherwise you need to choose a loan option with a relatively short duration。

In the light of the above, both domestic and imported motorbikes can be financed on a phased basis, but specific programmes and policies need to be determined on the basis of such factors as the brand, car type, price and loan record that you purchase. If you are not sure how to choose, you can consult a bank or motorcycle seller to obtain more detailed information。