A Quick Guide for Buying a Two-Wheeler

India runs on two-wheelers. It wouldn’t be wrong to say that, would it? Till today, two-wheelers dominate the Indian roads.

They are affordable, easy to drive, stylish, handy in traffic jams and narrow streets, and easy to park. These benefits make two-wheelers a king on Indian roads.

If you are reading this article, it means that you are already convinced that you need a two-wheeler. Read on to know what factors you need to look into before buying a two-wheeler:

1. Figure out your budget

Your budget will depend on your attitude as a consumer and how much you can afford to spend on a two-wheeler. You need to understand your need first: Why do you need a bike?

Is it a necessity? Is it the convenience it offers? Or is it a pure indulgence? Once you identify your need, the next thing to do is determine how much you are willing to spend. Most two-wheelers cost anywhere around ₹ 45,000 to ₹ 60,000.

2. Shortlist your options

The two-wheeler industry of India is one of the largest in the world. With a long list of manufacturers vying to get the attention of buyers, you are spoilt for choice.

But the choices should not confuse you, rather they should help you narrow your options.

Be clear in your head of what you want. Bike or scooter? Affordable or luxury? Choose the segment which appeals to your need and budget the most.

3. Consider the fuel-efficiency

Check the vehicle’s fuel efficiency before buying it. A two-wheeler with good mileage can lower your daily commuting costs.

Mileage is the average distance covered in 1 litre of fuel. The fuel efficiency of a two-wheeler differs when driven in the city and on the highways.

4. Check reviews from users

You may not be able to measure the performance of the two-wheeler before you buy it. But reviews from users can help. Ask your friends or look for reviews online for help.

Go through information on engine performance, on-road performance, fuel-efficiency, maintenance issues, etc.

Also, compare the reviews of various two-wheelers, before deciding which one to buy.

5. Maintenance cost and the availability of service centres

Regular service of your two-wheeler is important for it to deliver top performance.

So, you have decided which two-wheeler to buy. Now you have to make it happen at all times. This reduces your wait period and prevents the servicing from getting expensive.

6. Are you ready to buy? 

Now that you have decided which two-wheeler to buy, it's time to make it happen.

There are plenty of finance options available that can help you buy your two-wheeler. One of the popular finance options is a personal loan for two-wheeler from MoneyTap. 

Why personal loan for two-wheeler is popular for the choice of finance?

·          low-interest rates – starts from 1.08% per month

·          flexible repayment options – ranges from 2 months to 36 months

·          easy documentation – borrow with minimal documentation

·          quick approval – within a few seconds

·          100% finance – no need of making a down payment

With an ever-shrinking road space, the city life throws many challenges at us. Two-wheelers are a better and affordable option to face these challenges. This pre-purchase quick guide will help you decide the right two-wheeler for you.