Recently, Harley-Davidson X440 has appeared in the premium motorcycle market with an engine less than 500 cc in India. The bike has been brought in a joint venture with Hero MotoCorp. It comes here as the US company’s cheapest model. Harley Davidson’s Made-in-India motorcycle has rival models in the country – Royal Enfield Classic 350, Honda H’ness CB350, Yezdi Roadster and multiple Jawa models. The bike will also compete with the newly launched Triumph Speed 400.
How much downpayment to buy Harley-Davidson X440?
Now the point is, if you are thinking of taking home the Harley-Davidson X440 on monthly installments instead of cash, read this report till the end. Here is the detailed information about the amount of downpayment, the amount of EMI can be reduced.
The first question that comes to one’s mind while buying a motorcycle on loan is how much down payment to make. Also, there is no end of confusion among buyers regarding the interest rate and loan repayment period. It should be noted here that different banks offer loans at different interest rates. Again, lately the customers are being offered the facility of choosing their preferred time frame for loan repayment. So for convenience of negotiation 10% interest rate and repayment period of 3 years is taken.
The Harley-Davidson X440 is available in three variants – Denim, Vivid and S. Their on-road prices are respectively – 2.67 lakh taka, 2.91 lakh taka and 3.13 lakh taka. If a downpayment of Rs 54,000 is made to buy a denim model, then the EMI amount will be Rs 6,929 per month. If the Vivid and S models are to be brought home, if a one-time deposit of Tk 58,000 and Tk 62,000 is made respectively, then the monthly installment amount will be Tk 7,507 and Tk 8,085 respectively.
