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If you wish to own a motorbike, then it’s important that you understand all of the costs involved before making a purchase. Through iCREDIT, you can find good deals on motorbike loans in Brisbane. However, the cost of the loan itself is only one part of the total ownership costs involved.

Purchase Price

Naturally, the initial cost of a motorbike is the largest and most considerable cost involved in owning one. The purchase price can vary widely depending on the make, model and brand that you choose.

Generally, new motorbikes tend to be more expensive than older ones, while different brands and engine capacities will also play a large part in determining the price.

Loan Cost

The cost of the loan is another significant factor that you need consider when calculating the total ownership cost of a motorbike. Over and above the purchase price, you will need to factor in interest rates and how these might add up depending on your loan terms.

Larger installments repaid over a shorter period of time will yield a lower total loan cost while making it more challenging to repay in the short term. If you cannot afford larger payments, smaller repayments over a longer loan term might make it more manageable but will end up leading to a higher overall cost in the end.


You will need insurance when owning any type of vehicle. Insurance costs will vary depending on a variety of factors, ranging from your age to your driving history and the type of coverage that you choose. Your chosen insurance provider will also impact the cost.

Various insurance options are available, ranging from comprehensive to third-party liability and everything in between. The recurring cost of insurance will be a permanent fixture for as long as you own and operate a motorbike.


As with any vehicle, you need to take into account the need for fuel. Thankfully, motorbikes are far more fuel-efficient than cars. However, they still need a monthly budget set aside for refuelling. The refuelling cost will vary significantly depending on your riding habits, the type of motorbike you have, and the current fuel prices.

If you choose to purchase an electric motorbike, your fuel costs will be negligible. Various electric motorcycles are available in Australia, so this is something you might want to consider, even though electric motorbikes are more expensive upfront.


Whether it is a car, motorbike, truck, or ute, depreciation is an unavoidable aspect of owning a vehicle. All vehicles depreciate the moment you drive them off the lot.

Although it may not be a direct expense, it is important to realise that your motorcycle will depreciate over time, meaning that even if you eventually decide to sell it, you will not get your full purchase price back.

You can view the difference between the purchase price and the selling price as the utility value you gained through using the motorbike.

Contact us at iCREDIT today to find the best deals on motorbike loans in Brisbane. We will help you compare options to find financing that suits your circumstances.

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