25 Nov 2018   /   0 comments

Loans for Bikes and Mopeds

Fernando Castaneda
bike or a moped

One of the most cost effective ways to travel these days is to travel by a bike or a moped. The petrol costs have reached an all time high and driving a car has become an expensive affair. Having a bike or a moped as a secondary vehicle is a good idea these days. If you are looking for financial assistance to buy one, there are several lenders in the market who offer you a loan. You can use the savings on gas to repay the loan and it is much cheaper to buy one than maintaining a four wheeler.

There are several reasons why you should own a bike. First of all, it is fast and convenient and cuts down the travel time. It is cost efficient and gives you much more mileage compared to a car. On an average your savings will be much higher on a weekly basis.

In the United States, a person spends nearly $1,500 per year just to commute from home to work and back. It is quite a steep price to pay. However, if you use a bike, you will spend only half that amount or even lesser. The insurance cost of owning a bike is much lower than a car.

Maintenance of a bike is also cheaper than maintaining a sedan, SUV or a hatch back. If you own a car for regular use and when you put together the running and maintenance costs, you will realize that you may end up spending $10,000 per annum. These costs are only for an average sedan. If you own a SUV or a truck, the costs can be 50% higher.

Driving a bike has many health benefits:

  • It helps you burn calories and is equal to jogging. However it may have an impact on your joints.
  • It controls your heart rate and is a good cardio workout.
  • Helps to lower your blood pressure.
  • You will feel more energetic.
  • It helps to reduce stress levels
  • It cures depressionbike
  • It is a natural mood booster.
  • It improves memory and is good for brain health.

These are just some of the benefits apart from the financial gains. In case you are not fit enough to ride a bicycle then a moped is a good option as well.

Benefits of riding a moped:

Mopeds are bicycles with an engine. They are extremely convenient for commuting. Though they do not offer as many health benefits as riding a cycle, it can definitely help to save you a lot of money.

Mopeds have a 50cc engine so it will consume very less petrol. You can ride up to 100 miles for one gallon of gas. You can get a moped for less than $1,000.The average amount you spend in a month would be around $25 or less per month.

Either of the options, the bicycle or a moped does not cost that much. You can take a cash loan and repay it easily with the savings you get on gas bills.

 

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