Two-wheelers are a decent option for easily navigating heavy traffic and moving across different places. Bikes are the best option as they offer better performance, are fuel efficient, are easy to clean, and much more.
When buying a bike for yourself, you must consider several factors, including the brand, model, features, budget, and much more. Here, we will learn about these in detail.
Read more: Prices of bikes and cars are rising. Here’s all you need to know
Important Point for Choosing the Best Bike for Yourself:
To get a reliable and convenient option for a bike, consider the following things:
1. Analyse Your Budget:
Proper knowledge about your budget is crucial when looking for the best bike for yourself. You can either make the entire payment for the bike at the same time or consider getting a loan from the bank. If you are planning on taking a loan, you must ensure that the loan terms and conditions, along with the periodic premiums, fit your budget.
Following are the multiple ways through which you can calculate your loan repayments in terms of Equated Monthly Instalments (EMIs):
● You must determine the loan amount you want for the purchase of your bike and how much money you need to borrow from the bank to issue a loan for it. A loan is the total cost of your bike purchase, including taxes, registration fees, and any down payments.
● Select the duration of your repayment tenure on which you wish to repay the loan to the bank. Repayment is usually done monthly in Equated Monthly Instalments (EMIs), and the range may vary from 12 to 60 months.
● You must thoroughly research and understand the best applicable interest rates various lenders offer for your bike purchase. You are issued a loan based on multiple factors, such as your credit score, the amount of your loan, and repayment tenure.
● An Equated Monthly Instalments (EMIs) calculation formula helps you calculate your EMIs. However, if you find this formula difficult, you can also use an online bike loanEMI calculator.
The formula to calculate Equated Monthly Instalments (EMIs) are
EMI = [ P x R x (1+R)^N] / [(1+R)^N -1 ]
where,
EMI= Equated Monthly Instalments (EMIs)
P= Principal Loan amount ( loan amount minus down payments)
R= Interest rate on a monthly basis ( calculated by annual interest rate divided by 12)
N= number of instalments on a monthly basis
2. Choose The Right Body:
Having the right size and geometry of a bike is crucial when planning to buy one, as it may impact the quality of performance and comfort while riding it. It is highly recommended that you consult a bike expert or use various online sources that may help you choose the best bike that perfectly fits your height and body proportions.
3. Go Through The Specifications:
Consider your bike’s technical specifications and features, such as terrain, chassis, frame size, suspension, brakes, wheelbase, comfort, reliability, and much more. The higher the quality of your bike components, the better its performance and durability. Other factors that must be kept in mind are transmission shift, power of braking, tyre pressure monitoring system (TPMS), and tyre traction control.
4. Go For Test Rides:
It is highly recommended that you get multiple test rides to understand crucial aspects of your bike, like handling, comfort, and ride quality. You must visit the bike showroom, attend various demo events, or visit multiple bike manufacturing companies to get test rides and try out various bike models, which will help you choose a bike that meets your expectations.
5. Maintenance and Cost of Servicing:
Having a bike requires regular maintenance and services to keep its performance in top-notch condition and ensure maximum longevity. You must also enquire about the availability of spare parts, ease of maintenance, and extended warranty services for your bike to make your decision effective and offer you a smooth riding experience.
Read more: Best Family Car in India
Other Things To Keep In Mind When Choosing The Best Bike:
Below are the additional factors you must check while buying a new bike:
● Bike Insurance:
Bike insurance is a valuable asset that ensures the safety and protection of your bike from various unforeseen events like theft, vandalism, natural calamities, accidents, and vehicle loss. Moreover, if you buy bike insurance online, it comes with lesser or discounted premiums and timely claim settlements to safeguard your finances. Ensure you read the terms and conditions carefully, understand the policy features that protect your bike, and have a seamless settlement in emergencies.
● Fuel Efficiency:
You must get a bike that offers moderate power with high fuel efficiency. Not ensuring the bike’s fuel efficiency before the purchase can lead to multiple trips to the petrol station. Thus, ensure that your bike’s engine is of moderate power and uses fuel efficiently.
● Size of the Engine:
Your bike’s engine is measured in cubic centimetres (cc), expressing its power. A high-powered engine can be expensive and may exceed your financial budget. Thus, you must ensure your bike has an engine of 125cc to 250cc for decent performance while maintaining efficiency.
● Assess Your Commutation Needs:
Consider your riding requirements to buy the right type of bike for your needs, such as city rides, mountain biking, luxurious rides, and much more. Factors like terrain, the frequency of your travel, the distance you cover, reliability, and roadside assistance (RSA) must be considered, which will help you make informed decisions and determine the most suitable bike.
Planning to buy a new bike involves crucial aspects, such as considering the budget, choice of ride, specifications, technical features, maintenance requirements, and reliability that meets your expectations. With the key features and specifications mentioned above, you can choose the best bike for yourself that suits your needs and enhances your riding experience.
Disclaimer:
CBD:
Qrius does not provide medical advice.
The Narcotic Drugs and Psychotropic Substances Act, 1985 (NDPS Act) outlaws the recreational use of cannabis products in India. CBD oil, manufactured under a license issued by the Drugs and Cosmetics Act, 1940, can be legally used in India for medicinal purposes only with a prescription, subject to specific conditions. Kindly refer to the legalities here.
The information on this website is for informational purposes only and is not a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or another qualified health provider with any questions regarding a medical condition or treatment. Never disregard professional medical advice or delay seeking it because of something you have read on this website.
Gambling:
As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman, and Sikkim, prohibit gambling. Land-based casinos are legalized in Goa and Daman under the Goa, Daman and Diu Public Gambling Act 1976. In Sikkim, land-based casinos, online gambling, and e-gaming (games of chance) are legalized under the Sikkim Online Gaming (Regulation) Rules 2009. Only some Indian states have legalized online/regular lotteries, subject to state laws. Refer to the legalities here. Horse racing and betting on horse racing, including online betting, is permitted only in licensed premises in select states. Refer to the 1996 Supreme Court judgment for more information.
This article does not endorse or express the views of Qrius and/or its staff.
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