Indeed, motor credit is not the only way get the coveted vehicles. Some choose to save up for the price of the motor. Of course, this then delays their desire for the new motor.
Usually those entering this class are those who are reluctant to live with the burden of installments. Is a serious decision to set aside money each month to pay the mortgage plus interest. Buying with savings means a person does not have to repay debt. And they would say “how good it feels riding a new bike (for example) without having to owe.
The weakness here when saving is delaying the time that the new vehicle can be parked on the front porch. Maybe the need of mobility is not a major problem. It could be that they are looking at the motor more as part of their lifestyle. Using credit may be for the reason of needing the motor to support day-to-day mobility. Certainly, the motor has advantages in economic affairs, is flexible, with low maintenance costs, and can be relied upon for mobility needs.
It’s okay to take the motorcycle loan. But just a suggestion, still do not push yourself. The variety of motors is huge starting from those that cost tens of millions of dollars to hundreds of millions of dollars. Thus, specify the motor you want in accordance with your economic capability. Hopefully your chosen motor then does not give you burdensome monthly installments.
And, as before, those who could buy outright also choose motor credit. This decision is taken because they want to allocate funds to other sectors, investments or otherwise.
Just keep in mind the amount of the monthly installment and the duration of the loan. Keep in mind also from the beginning of the credit that it is ‘a bit’ more expensive than cash. But remember the advantages that compensate.