Why You Should Get Motorbike Finance

Are you on the fence about whether to buy a car or a motorbike? At iCREDIT, we can help you secure the best motorbike finance available. But how can you tell if a motorbike is right for you? Here are some points that might help you make the decision on why you should get motorbike finance.

Cost-effective

Generally speaking, motorbikes are significantly cheaper to purchase than cars. They are also significantly less expensive to maintain. Motorbikes usually require fewer and cheaper parts and fewer consumables, like oil, to keep them running smoothly. This will save you money on things like services over the years.

Fuel Efficient

Motorbikes use less fuel than cars, owing to their lighter mass. This can help you save significantly on fuel expenses in the long run. Amid the current high fuel prices, this is a particularly attractive factor.

Manoeuvrability 

Motorbikes are smaller and take up less space than cars, which means they are far easier to park, whether it is in a public place or at home. Having a motorbike means you will struggle far less to find a good parking spot when you are out and about. 

Moreover, motorbikes, owing to their size, are far easier to maneuver through traffic, allowing you to spend less time sitting in traffic jams. Therefore, a motorbike can therefore significantly improve your commute time and thus your quality of life.

Enjoyment

There is nothing quite as exhilarating as feeling the air on your face while riding a motorbike on the open road, particularly on scenic routes ‒ of which there are many in Australia. A motorbike can provide an enjoyable riding experience that no car can match. 

There is also a strong community of motorbike enthusiasts in Australia. There are various clubs, social gatherings and events dedicated to motorcycling that you can join, thus meeting more enthusiasts. It is a great way to spend your time exploring the country in a sociable manner.

Although motorbikes do come with certain risks and require careful operation and appropriate gear to remain safe, they are a great option worth considering.

At iCREDIT, we can help you secure motorbike finance by comparing deals to get the best loan possible. Contact us today for more information and get on the open road in no time!

What Is a Soft Quote?

A soft quote is a simple, no-obligation way to explore your loan options without affecting your credit score.
When you request a soft quote, we assess your financial profile and give you an estimated rate, repayment amount, and loan term based on current lender options.

✔️ No credit file impact
✔️ No commitment required
✔️ Instant comparisons across multiple lenders

It’s ideal if you’re still shopping around or just want to understand what your repayments might look like.

 

What Is a Full Application?

A full application is the next step once you’re ready to proceed.
This involves submitting your information to the lender for a formal assessment. The lender then completes a credit check, verifies your documents, and provides a confirmed interest rate and loan offer.

✔️ Required for formal approval
✔️ Involves a credit check
✔️ Can lead to same-day approvals (depending on the lender)

What Affects Your Loan Rate?

Lenders consider several key factors when determining your personalised rate and terms. These include:

1. Your Profile

Credit history, employment stability, and income all play a major role in the rate offered. A clean credit file and steady employment can often lead to lower rates.

2. The Asset

The type, age, and condition of the asset (car, caravan, horse float, etc.) can influence risk and therefore the rate. Newer or higher-value assets often attract better rates.

3. Loan Term

Shorter terms generally mean less total interest paid, while longer terms may offer lower weekly repayments but higher total cost.

4. Fees

Every lender has their own structure for establishment, monthly, and exit fees. iCREDIT helps you compare these upfront so there are no surprises.

Why Compare with iCREDIT

At iCREDIT, we make finance simple and transparent. Our team compares a wide range of lenders, explaining your options clearly and helping you choose the best fit — without pressure or hidden costs.

  • Compare rates and lenders side-by-side

  • Understand your total loan cost upfront

  • Avoid unnecessary credit checks until you’re ready

Get Your Soft Quote Today

Take the first step with a soft quote and see what’s possible — all without impacting your credit score.

👉 Start your soft quote today