3 Things You Must Do When You Buy A Motorcycle

1. Do Your Research

The bike community can be filled with fun and thrills, but be sure to really research the type of purchase you are looking to make. With so many types of motorcycles out there, it is really important to do your homework on finding the right ride for your lifestyle and budget. If you are purchasing for the first time, talk with experienced riders for their advice and talk with your loved ones for their input on the risk factor.

2. Factor Insurance Costs When Budgeting

Motorcycles come in all shapes, sizes and budgets. Once you have made the decision to buy, it is important to consider and budget the cost of insurance prior to making your purchase. Unlike our everyday vehicles, motorcycles are a much risker type of collateral and can become quite the expense to insure. Knowing how to budget the costs of insurance prior to purchase can help you in making the best decision for your finances.

3. Consider Credit Protection

Insuring your credit is just as important as insuring your asset. Financing your motorcycle with Call Federal, eligible members can protect their loan with our life and disability protection. If in the event of an accident or illness, give yourself the peace of mind needed to get back on your feet. With our disability protection, your loan payments are taken care of while you are out of work. And if the unthinkable happens, know that your family and loved-ones will not be burdened with a financial obligation left behind.

By considering these tips, you can save the adrenaline rush for your ride and not on the sales floor at the dealership. And as always, our lending experts are here and ready when you are to get started. Give us a call @ 804-274-1200 or stop by your nearest branch today. You can also check out our Vehicles page for more information about our lending process.