Things to Consider Before Buying a Motorcycle

Whether you want to feel the thrill of the open road or simply want a fuel-efficient mode of transportation, nothing compares to a ride on a motorcycle. However, just like anything else, there are a few things you should consider before buying one for yourself.

Make Sure You Have the Necessary Licensure Needed to Ride One

While this one is self-explanatory, it’s still worth a place on this list. Make sure all your licenses and permissions to legally ride a motorcycle are current before you get started on the hunt for the perfect bike. Here is what the Colorado Department of Revenue requires for a Motorcycle endorsement.

Get the Right Gear so You Can Be Safe on the Road

There’s no way around it – riding a motorcycle is more dangerous than driving a car. It’s important to make sure that you have the best of the best gear so you can operate your motorcycle as safely and effectively as possible. There are three things that every motorcyclist should own:

A good helmet: Make sure it fits your head well and is comfortable to wear. Here are some of the best motorcycle helmets of 2022 according to Forbes Wheels.

A pair of boots: Invest in a sturdy pair of boots to protect your feet from the heat of the engine as well as a potential fall. We recommend buying leather boots because they will offer the best protection.

A pair of gloves: You can’t forget a reliable pair of riding gloves! Having motorcycle gloves is essential because they will keep your hands safe, dry, and comfortable while maneuvering your motorcycle. We recommend buying gloves that have added protection in the palms and knuckles.

Consider Your Financial Situation

Owning and operating a motorcycle may be a more cost-effective mode of transportation at the get-go, but they can often be on the pricier side when it comes to maintenance and repairs in comparison to cars. Thus, it’s important that you have your finances planned in advance so you don’t find yourself in an unfavorable situation down the line.

At RMLEFCU, we offer loans on new and used motorcycles at rates starting as low as 5.5% APR*! Plus, if you buy a new or used cycle or decide to refinance your current loan with us, you can enjoy 90 days of NO payments!

Ready to Rock and Roll?

With great gear, a current license, and your finances squared away, it’s time to get to the fun part – buying your motorcycle! Remember to take your time when selecting your bike – there are a ton of things to consider. Though it may be tempting, don’t rush to make a purchase. Buying your first bike may be extremely exciting, but you don’t want to get too swept away with the heat of the moment. If you see a bike and fall in love with it, make sure you’ll enjoy owning it after the initial thrill fades. Have a used motorcycle checked out by a qualified mechanic. Read up about the model you’re considering, and consider all factors—economic, practical, and otherwise, before making your purchase. Chances are, you won’t regret your forethought!

Pro Tip

Before you head off to the dealership, remember that for RMLEFCU members, we have pre-approval available for extra bargaining power at the dealership. Ask an RMLEFCU representative for more information today at (303) 458-6660.

* Annual percentage rate. With approved credit. Rates subject to change. Some restrictions may apply.