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Why Owning a Two-Wheeler in India Today is a Good Idea
Owning a vehicle provides flexibility to travel as per personal convenience. Even though a four-wheeler is comfortablemany people may not be able
Owning a vehicle provides flexibility to travel as per personal convenience. Even though a four-wheeler is comfortablemany people may not be able to afford one because of increasing cost of fuel.Therefore, many individuals are opting for two-wheelers because of their growing popularity.
Here are three reasons why buying a two-wheeler is a smart option.
- Ease and convenience
Parking a car is a major problem especially in the big cities. A motorcycle is easy to park even with space constraints. Furthermore, driving a car during peak hours is inconvenient because of heavy traffic. A bike may be easily maneuvered through the traffic making it a user-friendly option.Therefore, several individuals who own a four wheeler still choose topurchase a two-wheeler because of the convenience.
- Affordability
Purchasing a two-wheeler is less expensive than purchasing a car. Therefore two-wheeler is an affordable option for most people. Moreover, fuel prices are constantly rising and driving a car may become expensive due to its lower mileage. A bike requires lesser fuel and provides higher mileage making it an economical mode of transportation.
- Wide choice
The increase in the demand for two-wheelers has resulted in the launch of several new models. Manufacturers offer a wide variety of high-tech bikes with excellent features for the buyers.
Individuals may opt for affordable two-wheeler loansand bring home their dream bikes without facing any difficulties. Here are three benefits of such loans.
- Inexpensive
Many people think that opting for a loan means paying high interests. However, the two-wheeler loan interest rate is competitive and ensures the borrowers do not have financial difficulties while repaying through equated monthly installment (EMI).
- Quick approval
Lenders require only a few documents to process the loan application. The entire procedure is quick and disbursement is also done within a few days. This ensures there are no roadblocks between the biker and a smooth ride on his dream bike.
- Low down payment
The buyers have to pay a loweramount as down payment when they opt for such loans. This makes it easier for individuals to own theirpersonal two-wheeler through bikes on EMI schemes.
The increase in population has also consequently affected the ability of the public transport system to handle large crowds. Local trains are generally filled beyond their capacity, which makes it inconvenient for passengers to commute on a daily basis. Besides, public modes of transport like buses also make frequent stops and can easily get stuck in traffic especially during the peak hours. Therefore, an easy and convenient option to overcome all these problems is to purchase a motorcycle. The affordable bike loan interest rate, faster processing, and lower margin requirements make it easier for individuals to own their personal motorcycles and overcome the discomfort of using public transport.
