i got a personal loan for my bike and not finance because
i asked for the monthly admin fee ($7.00) to be waved if i got loan protection ($4.00 a week)
i could sell the bike at any time without needing to pay the loan in "full" before the next owner would take ownership.(finance = incumbered vehicle)
no need for comprehensive insurance.
pay the loan off at anytime early.
when you get finance for a car or bike or anything for that matter.
finance company owns the bike till the life of the finance is up and paid in full.
if you default on payment, cannot pay the rest of the loan or any other reason to void the contract they seize the bike and sell it at auction for what ever price and you will be taken to court and made to pay the loan and additional cost incurred.
http://www.stgeorge.com.au/personal/ins ... protection