Find your best Yamaha finance rate with Driva

Once you’ve decided to buy a Yamaha motorbike, the next step is figuring out how to finance it, and how much that’s going to cost you.

The bike

The biggest cost you’ll incur is buying the motorbike itself. Depending on what type of bike you’re looking at, a brand new Yamaha will cost you anywhere from $7,000 to upwards of $15,000. If you’re considering second-hand models, however, you might be able to make some substantial savings. Whether you’re buying your motorbike from a local Yamaha dealer, or a private seller, Driva can help you find the loan options with the most competitive interest rates.

Ongoing costs

In addition to the cost of the bike, you’ll need to make sure you budget for the number of ongoing costs that are associated with owning a motorbike. Some of these costs include:

• Registration. Registration is a legally compulsory component of operating a motorbike, and the cost of this varies between states and territories.
• Insurance. In addition to taking out compulsory third party insurance, you’ll need to organise comprehensive vehicle insurance before your loan can settle with any of the lenders on our panel.
• Petrol. While the cost of petrol is going to be substantially lower than if you were driving a car, it’s still an important expense to consider (especially if you’re planning on driving long distances).
• Maintenance and repairs. Regular maintenance is a crucial part of caring for your bike. Yamaha bikes are known for being especially reliable, so you’ll probably spend less money on maintenance and repairs than with another motorcycle company.

Learn more: The Cost Of Owning A Motorcycle

We work with a large panel of lenders in order to give you the best Yamaha Motor finance options that are tailored to your specific financial and personal needs. All of our loans are fixed-rate, which means that you’ll pay the same amount each month for the entirety of your loan term. 

Secured motorcycle loan

With a secured loan, your new bike will be used as collateral against the loan. This gives your lender the security that, in the event, you’re no longer able to meet your monthly repayments, they can repossess the bike in order to recover their funds. The benefit of giving your lender this security is that you’ll be able to access lower interest rates, and in some cases, higher loan amounts will also be available to you. These loans are most suitable for newer bikes.

Unsecured motorcycle loan

By comparison, an unsecured loan doesn’t require your bike, or any other asset, to be used as security against the loan. Because there’s no collateral on the loan, lenders will normally charge a higher interest rate. These loans are most suitable for older and used bikes.

Commercial loan options

If you’re buying your bike for a business purpose, there are a number of commercial finance options available to you. These include chattel mortgages, novated leases and unsecured business loans.

Learn more: Buying A Vehicle For Your Small Business - 3 Important Things To Consider

Absolutely! Whether you’re looking to secure Yamaha Motor finance on a brand new motorbike straight from the dealership, or a second-hand scooter from a private seller, Driva can help you out.

Driva works with a panel of more than 30 lenders to give you as many options as possible, and the confidence that you’re getting the most competitive rate. We understand that everyone has different financial and personal circumstances, so our wide variety of lenders means that we’re able to organise finance for all different types of riders.  

Whether you’re looking for a loan that accommodates flexible repayments, or the lowest comparison rate possible, Driva can help you find your perfect finance option & get you on the road sooner!

If you’ve got questions about our panel of lenders, or aren’t sure which one is right for you, feel free to get in touch with our friendly finance team! Give us a call on 1300 755 494 or email us at contact@driva.com.au.

In order for your loan to settle with any of our lenders, you’ll need to take out comprehensive vehicle insurance. This is required in addition to the legally required compulsory third party insurance.