Deciding Between a New and Used Dirt Bike
You’ve always wanted a dirt bike, and now is the time. You are ready to “go for it”! But you have questions: Should you buy it brand new, or is used a better option? What’s the best way for you to buy that dream machine? And, probably most importantly, how do you pay for it?
Understanding Your Budget and Financing Options
Dirt bike financing can be complicated, so that’s why we are here. Whether you want a new dirt bike or a used dirt bike, money is always a factor. Here are some tips to help you decide what is the best option for you.
Assessing Your Credit Score
What’s your budget? Do you qualify for pre-approval? Do you know your credit score? Knowing your credit score can help you understand the loan amount and terms you qualify for, which will impact what kind of dirt bike you can afford. It’s essential to do your research, and as always, reach out to us for more information. No matter your credit score—or lack thereof—our goal is to get you on your way to financing that new bike.
Setting Goals for Your Dirt Bike Purchase
What are your goals for this purchase? Is this something you will be doing on the weekends, taking your dirt bike out for a quick spin off-road? Or are you thinking this might be something you do more often, a few times a week, and possibly get into competitive racing down the line? Consider if there is a nearby spot where you can race, tracks around, or even a forest. Will you have to drive an hour back and forth each time you want to ride? Answers to these questions will determine what type of bike you need and if additional add-ons, like a trailer or hitch, are required. Understanding your riding goals will help you navigate the price difference between new and used bikes and the financing options available.
Evaluating the Investment
How much of an investment are you willing to make with this purchase? Both your time and money will be involved. The purchase itself will take a significant amount out of your bank account, but if you don’t buy the right bike, it can lead to additional costs. Used bikes may include some upkeep and maintenance, which adds financial burden over time, while new bikes may come with fewer repairs and a warranty but usually have a higher upfront cost. It’s crucial to find a reputable source to purchase your dirt bike from.
Weighing the Pros and Cons of New vs. Used
Buying a brand new dirt bike can be daunting as it will be more expensive compared to a used dirt bike. However, whether new or used, there will always be additional costs with taxes, licensing, registration, and extended warranties. These costs can add up to hundreds, if not thousands, of dollars.
Conducting Research and Making Informed Decisions
It may seem like a homework assignment, but researching your potential purchases ahead of time is worth it. Go online, compare options, read reviews, and talk to real bike owners. Experienced riders can offer invaluable advice when purchasing your first bike, whether new or used.
Starting the Buying Process
Once you have done your research, made your comparisons, and are ready to start the process of buying your dirt bike, please reach out to us at Breeze Powersports Financing. We are here to answer all your questions and get you on the road!
