Motorcycle purchase: better manage your budget

Buying a motorbike represents an exciting moment for all those who love freedom and adventure . But there are several factors to consider before making such an important decision.

First, it's important to understand the type of motorcycle you're buying. There are different categories of motorcycles such as city , touring , off-road , racing and many others. Each category has its own characteristics and advantages ; therefore, it is important to understand what you are buying a motorcycle for.

Second, you need to consider your budget . Buying a motorcycle can be a major expense, so it's important to have a realistic budget and choose according to your possibilities . In general, city bikes are less expensive than other categories of bikes, while racing bikes can be quite expensive.

The most complex analysis of buying a new motorcycle is reconciling your dream motorcycle with the actual cost . Motorcycles are expensive, and there are several costs involved in buying them, not to mention recurring costs like insurance , maintenance , fuel , and more.

Once you know how much you want to spend, you need to choose a payment method, pay in full on delivery, fund the whole amount or upfront a portion and fund the rest. In the case of a loan, you need to know how much you can afford to pay each month. Interest rates favor long-term borrowing and buying new over used, but regardless, budget remains the primary parameter when choosing a vehicle.

A good rule of thumb is to spend no more than 20% of your monthly income on financing. Of course, this number can vary. If you're already in debt, you might consider reducing your monthly spending budget.

Once the budget and the category of the bike have been established, it is important to evaluate the different options on the market. In this sense, buying a new or used motorcycle is an important choice. New bikes come with the manufacturer's warranty , the latest model and the latest technology, but are usually more expensive. On the other hand, used motorcycles may be better value for money , but may have some mechanical problems and require more frequent maintenance.

The bikes that can be easily resold are the ones that keep their price. So we pay more for it, but we will resell it easily. Motorcycles that cannot be resold on the used market pay less as a percentage.

It would be easier to buy a good motorcycle cheaper, with the downside of not being able to resell it easily, than a more marketable motorcycle. In the first case, we trade in the knowledge that the vehicle we are buying may end its useful life. Unless you sell it cheap. In such cases, it is often sufficient to place the advertisement on contacts of dedicated overseas buyers who purchase the goods for export to their own country. The dealer usually charges more for the bike because he checks it thoroughly before picking it up and selling it. It offers you one year warranty . The private ones cost less, but they don't give you any guarantees.

In addition, the documents necessary for the purchase of a motorcycle must be considered. In Italy it is mandatory to take out motorcycle insurance and register the vehicle at the Civil Motorization Office. It is also important to consider additional costs such as stamp duty and property tax .

Another important consideration is motorcycle safety . Investing in an approved safety helmet and other protective gear, such as gloves and non-slip shoes, is essential to ensure safe driving. For this reason, experts recommend factoring these costs into your motorcycle budget.

Finally, it is important to evaluate the technical assistance network and repair services available for the motorcycle you intend to buy. It is important to choose a reputable brand whose service network can provide timely and effective technical support.

In conclusion, buying a motorcycle is an important choice that must be weighed and evaluated. You have to define your budget and the class of motorcycle that best suits your needs, evaluate the options on the market, consider the necessary documentation and additional costs for safety, and finally make sure you have made the best choice for you and your passion.