Suzuki GSX-R1000

2011 Suzuki GSX-R1000 25th Anniversary Edition

2011 Suzuki GSX-R1000 25th Anniversary Edition

2011 Suzuki GSX-R1000 25th Anniversary Edition

A simple interest calculation is therefore the best alternative for a motorcycle buyer because it contributes less to interest (than pre-computed interest) in the early years of the loan and more to paying down the value of the motorcycle. However, if you have a motorcycle type that traditionally depreciates quickly you can still be affected negatively with your motorcycle loan especially if you opt for a zero down motorcycle loan with terms of 48 month or more.

Here are 6 steps you can use to help you get the most from your motorcycle loan and to help you get prevent from owing more on your bike than it is worth if you decide to sell it or trade it in during the early years of your loan.

1. Try to avoid zero down payment motorcycle loans, especially if they extend for more than 36 months.

2. Find a lender that uses a simple interest calculation for your loan. Avoid lenders that use pre-computed - rule of 78 interest calculations.

3. Try to avoid motorcycle loans that extend past 36 months especially if you are purchasing a motorcycle brand that is going to depreciate quickly.

4. Always try to make extra payments on your loan towards the principal of your loan when extra money is available.

5. Opt for an installment motorcycle loan before a credit card loan. Installment loans typically provide better terms and conditions for motorcycle buyers.

6. Look for online motorcycle loans to ensure you get the most competitive interest rates available.