Two-wheelers have become a lifeline for commuting by middle-class Indians as they are a cheaper mode of transport as compared to cars and can be easily purchased by making a full down payment or by taking a two wheeler loan from banks and private lenders. Hassle-free parking, easy maneuverability, and low maintenance are some of the attractive features of owning a two-wheeler.

Tips to buy a Two Wheeler in India  

While choosing a two-wheeler, you must take into consideration mileage, maintenance and servicing cost of the vehicle as it can burn a hole in your pocket if you buy a two-wheeler which is a fuel guzzler and requires heavy maintenance. Also, make sure that the two-wheeler manufacturer has an extensive network of service centers across the city.     

You must also take into consideration the resale value of the two-wheeler so that you get a good deal for your two-wheeler if you want to sell it after a few years.

Once you decide to buy a two-wheeler of your choice, you must explore the option of financing it through your preferred bank by taking a two-wheeler loan so that you don’t deplete your savings by making the entire down payment upfront.

The two-wheeler interest rate is lower as compared to personal loans and you can comfortably repay the loan amount in Equated Monthly Installments (EMIs) by choosing a tenure that suits your budget.

Additional Read: Use 5 Tips to Pay Off your Two Wheeler Loan Faster