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Old 14th April 2009, 14:32   #1
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Default Finance Option for Super Bikes

Guys,

Can someone help me with details of banks (not private institutions) that provide finance options for super bikes? If banks are financing, what would be the rate of interest?

A friend of mine is exploring a new Fireblade or R1. Also, I'm told that these bikes come with comprehensive insurance plus warranty unlike bikes that are privately imported.
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Old 14th April 2009, 15:32   #2
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Well for Yamaha You Have Three options

1. Thru Yamaha Delhi Scooters : Mr Vikram Kakkar : 9810106285
2. Thru Bussan Auto Finance again for Yamaha : Mr Amresh : 9873223115
3. I am still exploring will let you know once I am sure of

for me !
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Old 14th April 2009, 15:36   #3
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AFAIK honda is not providing an option for loans for its bikes
for R1 yes yamaha is
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Old 14th April 2009, 15:55   #4
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A person I know had his bike(R1) financed by canara bank also (they were fast and ICICI lost it with too much of pain in a$$ ) .
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Old 14th April 2009, 16:07   #5
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Quote:
Originally Posted by akshay4587 View Post
AFAIK honda is not providing an option for loans for its bikes
for R1 yes yamaha is
I am a little confused here
it was suzuki not honda

i am not sure if any bank provides loan for honda bikes or not

Last edited by akshay4587 : 14th April 2009 at 16:08.
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Old 14th April 2009, 16:37   #6
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Quote:
Originally Posted by Jonny Bravo View Post
Well for Yamaha You Have Three options

1. Thru Yamaha Delhi Scooters : Mr Vikram Kakkar : 9810106285
2. Thru Bussan Auto Finance again for Yamaha : Mr Amresh : 9873223115
3. I am still exploring will let you know once I am sure of

for me !
Thanks for the quick response, Bravo. Sorry, i forgot to mention that my friend is based out of Bangalore and any help on finance option in Bangalore would help.

Is honda selling new Fireblades in Bangalore?
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Old 14th April 2009, 16:41   #7
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Quote:
Originally Posted by akshay4587 View Post
I am a little confused here
it was suzuki not honda

i am not sure if any bank provides loan for honda bikes or not


HDFC = Suzuki
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Old 14th April 2009, 16:42   #8
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Quote:
Originally Posted by black12rr View Post
A person I know had his bike(R1) financed by canara bank also (they were fast and ICICI lost it with too much of pain in a$$ ) .
Thank you, Sir. Nationalized banks are the best bet. Is your friend based in Bangalore? If so, I would appreciate any help in connecting me with your friend/canara bank.
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Old 14th April 2009, 17:54   #9
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Without comprehensive insurance on privately imported bikes, I wonder what people do if a privately imported super bike is stolen? I am perhaps being a little more cautious (thank required) after having lost my new scorpio in Kerala a couple of years ago.

Also, what are the steps involved to get a privately imported bike registered? Would anyone have some cost estimate?
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Old 14th April 2009, 19:11   #10
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You guys may also want to consider getting a personal loan, if you encounter a problem in bike financing. Many banks offering competitive rates out there. Also, don't overlook the loan against fixed deposit option (Car Loan against Fixed Deposits).

Quote:
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Without comprehensive insurance on privately imported bikes, I wonder what people do if a privately imported super bike is stolen?
I doubt any finance company will cover a privately imported bike.
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Old 14th April 2009, 22:44   #11
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The latest coup in this personal loan fiasco is that most banks have turned off lending to people who don't have their salary account with them. So if you are headed to ICICI bank or some of the nationalized banks, chances are you won't have much success, unless you hold a salary account with them or have guarantors.
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Old 14th April 2009, 22:58   #12
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or you have a good financial track record with any other banks. CIBIL reports etc.
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Old 14th April 2009, 23:48   #13
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And what about finance on a used offcial SBK?
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Old 14th April 2009, 23:58   #14
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Bussan AF which does financing for NEW Yammie SBKs told that they wont finance used official Yammi BIKE :( wonder why but they wont.
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Old 15th April 2009, 00:29   #15
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Suzuki has tied up with Allahabad and Corporation Banks.
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