When talking about a motorcycle, one of the first things that would surely cross most people’s mind is it being a risky form of transportation. As a matter of fact, hearing or reading news about traffic accidents involving a motorcycle is not a common thing these days, but this perilous fact is not enough to hinder some from owning and/or riding a two-wheeled vehicle.
Despite the danger entailed in having a motorcycle, some might even get more thrilled by the idea of hitting the road as the wind brushes on their face ─ just like in movies. So, don’t get surprised there are people who actually invest just to get their dream motorcycle.
Although purchasing a motorbike is remarkably a bit cheaper ─ not to be mention that it is faster and more efficient ─ compared to a car, there are some key factors that you need to consider before buying one.
1. Certificate of Entitlement (COE)
Same as when purchasing a car, the first thing that you need to put attention is obtaining a COE or Certificate of Entitlement, which corresponds to a right to own a vehicle and use of the limited road space for 10 years. When it comes to the cost of COE, a car and motorcycle vary. While a car’s COE in Singapore ranges from around $30,000 to $40,000, for a motorcycle the cost only goes around $4,000 to $6,000. Imagine a big difference?
Hence, many preferred getting a motorcycle than a car.
While purchasing a motorcycle is notably inexpensive compared to a car, asking whether it is practical in terms of financial is important. This applies most especially today wherein the price of some motorcycle is, sometimes, quite close to the value of a car, depending on the make and model. Which is why choosing the one which falls into your budget is crucial.
Each has his/her own reason in terms of getting a motorcycle. It can be to trim down the expenses on the daily commute or to get freedom by means of navigating the road using only two wheels. Whichever your reason of is, getting a motorbike that can match your preferences is important. With this, you can either choose a casual scooter or a heavy-duty sports bike.
Remember that while a car allows you to enjoy a road trip with two or more people, motorcycle lets you enjoy the road and the beautiful scenery with only one person. So if you prefer the former, a motorcycle is not for you ─ might as well consider purchasing a car or a van perchance.
4. Family consent
Given the dangers that [may] come in having and/or riding a motorcycle, some who plan to get a two-wheeled vehicle might face one of the most difficult situations that life can offer ─ having a family who objects from purchasing a motorcycle. In case you already determined on getting one, you can put them at ease with the help of motorcycle insurance .
5. Motorcycle insurance coverage
The moment you get the key to your dream motorcycle is also the same time you should be planning about purchasing motorbike insurance. Considering the potential misfortunes that await you on the road, getting the best insurance for your two wheels is a great way to protect not only your motorcycle but yourself, too. With this, you can save be able to save yourself from the unplanned out-of-the-pocket expenses in case you get involved in a traffic accident, regardless you or a third party is found at fault.
In case you have plans of traveling out of the country, you can get your trip protected against unexpected scenarios with travel insurance.
If you want to know more about travel or motor insurance, Autoshield gives you quotations among several insurance companies in Singapore. Just contact us through our customer care hotline 6385 0777 or by sending SMS to 8588 9191, 8686 9991, 8688 9991, 8588 9991, 8866 9991, 8868 9991, 8668 9991.