Financing Your 125cc and Getting Free Insurance
Dreaming of cruising on a brand new 125cc motorcycle without breaking the bank? Many dealerships and finance companies offer attractive deals that include “free” insurance as part of the package. While the allure of saving money upfront is undeniable, it’s crucial to understand the specifics before signing on the dotted line.
The Appeal of Finance and “Free” Insurance
For young or first-time riders, the upfront costs of a motorcycle – including the bike itself, insurance, gear, and road tax – can be daunting. Finance options spread the cost of the motorcycle over a manageable period, making ownership more accessible. The inclusion of “free” insurance sweetens the deal, eliminating one immediate financial burden. This is especially appealing as insurance for young riders can be particularly expensive.
What Does “Free” Insurance Really Mean?
The term “free” insurance is often a marketing tactic. While you may not be paying for the insurance policy separately, its cost is almost certainly factored into the overall finance agreement. This can manifest in several ways:
- Higher Interest Rates: The finance company may offer a slightly higher interest rate than they would on a finance agreement without insurance included. This difference covers the cost of the policy.
- Increased Monthly Repayments: The monthly repayments on the finance agreement might be higher than they would be if you purchased the motorcycle and insurance separately.
- Limited Coverage: The “free” insurance might be a basic, third-party only policy, offering minimal protection. You might need to upgrade to a more comprehensive policy at an additional cost.
Key Considerations Before Signing Up
Before committing to a finance agreement with “free” insurance, consider these points:
- Compare Quotes: Get independent insurance quotes from several providers. This will give you a benchmark to compare against the cost included in the finance package.
- Read the Fine Print: Understand the level of coverage offered by the “free” insurance policy. Is it third-party only, or comprehensive? What are the exclusions?
- Calculate the Total Cost: Add up all the repayments over the term of the finance agreement, including any fees. Compare this to the cost of purchasing the motorcycle and insurance separately.
- Negotiate: Don’t be afraid to negotiate the terms of the finance agreement. You might be able to get a lower interest rate or a better insurance policy.
- Consider the Long Term: While “free” insurance might seem appealing initially, think about the long-term cost. If the interest rate is significantly higher, you could end up paying more over the life of the loan.
Ultimately, the decision of whether to accept a finance agreement with “free” insurance depends on your individual circumstances and financial situation. By doing your research and understanding the true cost, you can make an informed decision and ensure you’re getting the best possible deal on your new 125cc motorcycle.
1152×768 motorcycle insurance singapore safer ride from sbo.sg 
1200×628 insurance policy review motorcycle safety lawyers from motorcyclesafetylawyers.com 
758×458 insurance trust bank singapore from trustbank.sg 
702×300 buy motorcycle insurance fwd singapore from www.fwd.com.sg 
1408×940 motorcycle insurance trust bank singapore from trustbank.sg 
390×844 motorcycle insurance buy instant quote sgbikemart insurance from sgbikemart.com.sg 
1024×438 motorcycle insurance singapore safer ride sbosg from sbo.sg 
720×720 motorbike insurance singapore quote rates from www.directasia.com 
885×665 cc motorbike finance response finance from www.firstresponsefinance.co.uk 
1024×682 car insurance singapore drivers aged from www.singaporecarinsurance.org 
1024×490 car insurance singapore sbosg from sbo.sg 
1263×842 motorcycle insurance blog budget direct insurance from www.budgetdirect.com.sg 
768×349 car insurance singapore cheapest from blog.moneysmart.sg 
1680×974 buy cheap motorcycle insurance plans budget direct from www.budgetdirect.com.sg 
605×547 car insurance singapore quote moneysmart from www.moneysmart.sg 
1200×630 car insurance singapore tips costs budget moneysmart blog from blog.moneysmart.sg 
480×480 cc bike insurance cheap cc motorbike insurance from www.motorcycleinsurance.org.uk 
460×440 motorcycle insurance buy income insurance singapore from www.income.com.sg 
1708×1080 takaful malaysia motorcycle insurance private bikes from bjak.my 
767×559 cheap motorcycle insurance quotes singapore budget direct from www.budgetdirect.com.sg 
850×495 buy motorcycle insurance petrol voucher sgbikemart from sgbikemart.com.sg 
500×500 piaggio moped motorcycle insurance from insurance-bikesocial-dev.vercel.app 
768×576 cheap motorcycle insurance from www.slideshare.net 
453×88 renewing ntuc car insurance policy motor insurance singapore from www.motorinsurancesingapore.com 
700×332 flexible temporary motorcycle insurance day months from motorcycleridecoverage.com 
800×603 mcns guide cc motorbike insurance mcn compare from www.mcncompare.com 
1680×974 singapores affordable car insurance from www.budgetdirect.com.sg 
800×567 types insurance singapore money news from www.asiaone.com 
1024×576 trustworthy motorcycle insurance singapore from finestservices.com.sg 
1280×260 cheap moped insurance cc clean green compare from www.cleangreencars.co.uk 
750×520 compare cc motorbike insurance gocompare cbt insurance from www.gocompare.com 
1680×974 cheaper motorcycle insurance reduce premium from www.budgetdirect.com.sg 
360×240 average time motorbike insurance reviewmotorsco from reviewmotors.co 
325×113 save money life insurance superbike factory from superbikefactory.co.uk 
