Finance your ride
Apart from delivering your dream ride to you, we can also finance it for you. Scooters.co.za is brought to you by Bikefin, South Africa’s leading bike & scooter financiers. Bikefin has been operating for more than 10 years and has a market share of more than 50% in motorcycle finance. It is a household name in the motorcycle industry and the biking fraternity alike.
Although the business has migrated to bigger bikes, we “cut our teeth” in the scooter market way back in 2005, becoming the first South African company to finance scooters. Right in the beginning we were known as Jonway Finance. Between 2012 and 2015, Bikefin had an exclusive Joint Venture arrangement with WesBank in terms of which all of WesBank’s and all Bikefin’s bike finance business were facilitated by Bikefin. The Joint Venture enjoyed a market share of more than 80%!
Motorcycle finance is a specialist field in the financial services world. Consumer behaviour, demographics and safety factors are some of the considerations that influence credit risk when it comes to financing motorcycles. Naturally this means Banks have a different credit policy for bikes and cars. The effect is that the interest rate for bikes are higher than for cars. You will probably find your bike is approved by the Banks at around 2 percentage points higher than your car.
All you have to do is apply here. You can fill out our short form, which will have the call centre call you and help you through your application. Although this is quicker application process, it takes considerably longer to complete your transaction. The quickest way to get riding, is to complete the full application. This allows your application to go straight to credit and can actually have you riding the same day!
For Quick Application, click here.
For Full Application, click here.