When it comes to buying a Honda Scooty, the first thing that comes to mind is the cost. Honda Scooty is famous for being one of the most reliable and premium brands in the two-wheeler market. However, it can be quite an investment. But, it doesn’t have to be that way. With so many financing options available, you can make the Honda Scooty affordable and within your reach. Let’s explore the financing options for Honda Scooty and make your dream of owning a bike come true.
Honda Scooty Price
Before we move on to financing options, let’s talk about the Honda Scooty price. Honda offers a wide range of Scooty models that cater to different consumer needs. The price varies based on the model, specifications and features.
The price of the Honda Activa 125 starts from INR 73,911 and goes up to INR 77,011. On the other hand, the price of Honda Dio ranges from INR 61,970 to INR 67,820. Similarly, the Honda Grazia price starts from INR 75,859 and goes up to INR 83,027.
Financing Options
There are several financing options that are available for getting a Honda Scooty:
1. Loan from Financial Institutions:
One of the most common ways to finance a Honda Scooty is by taking a loan from a financial institution like a bank, finance company or NBFC. Most of the banks and finance companies offer two-wheeler loans with lucrative interest rates starting from 8.5% per annum. You can easily apply for a loan by visiting the bank or via online application. The loan application process is usually simple and hassle-free, and you can also choose a flexible repayment tenure that suits your financial needs.
2. Dealer Financing:
Honda dealerships also offer financing options to their customers, making it simple for them to purchase their dream bike. The dealer will assist you with the loan application process, and you can get the loan amount approved within a day. The dealer financing option can have higher interest rates, so it’s essential to compare the cost of financing and check the terms and conditions before applying for a loan.
3. Credit Card EMI Option:
If you have a credit card with ample credit limit, you can opt for the EMI option to purchase a Honda Scooty. Most of the banks offer EMI options on credit cards with 0% interest for three to six months and a minimal processing fee. You can check with your credit card provider and choose the best repayment tenure that suits your financial needs.
4. Personal Loan:
If you do not wish to avail a two-wheeler loan, personal loan is another financing option you can consider. Personal loans are unsecured loans that can be availed without any collateral and can be used for any purpose. Most of the banks offer personal loans to individuals with a good credit history, and the interest rates usually range from 10% to 24%. Before applying for a personal loan, it’s crucial to check the loan amount, tenure and interest rates offered by various lenders and choose the one that best suits your financial needs.
5. Honda Two-Wheeler Exchange Offer:
Honda dealerships offer exchange offers for customers who wish to exchange their old two-wheelers for a new Honda Scooty. The dealer will appraise the value of your old bike and offer you a discount on the new bike. This option is beneficial for those who wish to upgrade to a new bike or sell their old two-wheeler quickly.
Choosing a financing option for your Honda Scooty is a crucial decision that should be made after careful research and evaluation. It’s crucial to compare the interest rates, loan tenure and other terms and conditions before applying for a loan. You should also calculate your EMI, considering your monthly income and expenses, to make sure that you do not overburden yourself financially.
Conclusion
Buying a Scooty is an investment, and with these financing options, you can make it affordable and within your reach. You can choose the financing option that best suits your financial needs and make your dream of owning a Honda Scooty come true. However, before applying for a loan, it’s crucial to read the terms and conditions, compare the interest rates and evaluate the repayment tenure. By doing so, you can make an informed decision and ride a Honda Scooty on the road with pride.