Bike Loan

[dupster]

I think personally secured loan was the best way to go for me.

I went with Westpac and got a rate of 8.1%. Why not have your bike secured against the loan? Its NOT a hard process if you want to sell it at all. The buyer makes the cheque out the financial institution....

Un secured has a much larger setup fee, monthly costs, yearly costs, higher interest rates.

Get set loans are decent but most importantly its a line of credit, so unless you batten down the hatches, it doubles up as a credit card as you start paying off your bike and making credit funds available.

[onewheelmat]

Yeah secured loan does have the advantage of having a lower intrest rate. I'm looking at getting one with IMB i've put in my application but stupid me didnt have all my payslips available as I moved house. I sent in some older payslips but they told me that there too old. I have to wait for the slow tortoises down at HR in adelaide?? to send me my previous payslips. Damn it sucks.
hey Dupster what kind of bike did you end up getting?

[Felix]

When deciding on secured vs unsecured, remember to ask your insurance for a quote for each. The secured loan premium will be higher, so get the difference and multiply that by the life of the loan when you are doing your sums...Secured loans are conditional on you holding full comprehensive insurance for the life of the loan.