A guide to buying your dream bike without breaking the bank


All passionate bikers crave the feeling of sitting on a dream bike for the first time, going full throttle, and riding to dream destinations.

But the main question remains – how do you turn this dream into reality? You might have questions in your mind such as how to save money to buy a motorcycle? How to save money for a superbike? And where to invest? Let’s understand a few steps that you need to follow so that you can start living your dream and have money for a motorbike.

Steps to being a proud owner of your dream bike

  • Choosing the right bike

There are several bikes available in the Indian market. The price may range from a few thousand to several lakhs. Hence, you need to narrow down on the one that you like and then focus on your earning capacity.

  • Calculate the monthly instalments and down payment

When you buy a bike on instalment, you will have to pay a down payment and the remaining balance will be converted to a loan for which you will have to pay monthly instalments. First, calculate the monthly instalment that you can afford. This instalment will depend on the tenure of the loan, the interest rate charged and the loan amount.

  • Determine how much to save

The more expensive bike you choose, the higher the down payment will be. So, you need to save for your down payment. Calculate the amount of time you will need to save the money and check the waiting period of the bike. Most bikes nowadays have a waiting period of three to six months. Therefore, plan your booking accordingly.

Save money for your superbike

There are several ways to save money for your bike.

  • Invest in mutual funds

Mutual funds have grown in popularity in recent times. Depending on the type of fund, market conditions and the tenure of investment, mutual funds have provided attractive returns. So, if you want to buy your dream bike, start a systematic investment plan (SIP) to benefit from the power of compounding and invest in a mutual fund right away. The money saved will help you to pay for the down payment as well as the monthly instalments.

  • Stocks to buy today

You can invest in share market and buy stocks that you think will provide good returns to meet your financial goal. Such investment decisions need careful research and planning so that your investments work the way you want them to.

When it comes to investing in stocks and mutual funds to fulfil your goal of owning your dream bike, there is no particular right or wrong time. In fact, the sooner you start investing, the better it is to reach your goal.