Yamaha Motor Finance – also known as YMF – is a 100% owned subsidiary of Yamaha Motor Australia. Offering a range of finance options, YMF can be used to finance a variety of products purchased through approved Yamaha and YMF dealers.
Thinking of investing in a Yamaha? YMF could get you there. Whether it’s a motorbike or a scooter, an ATV or a golf car, YMF could provide the financing you need to make that investment.
Love the water? YMF doesn’t just offer financing for its products on land, it also offers loans on its marine products as well. From outboard motors and boats, to WaveRunners and other power products, Yamaha makes financing easy with YMF Loan.
So, how does YMF Loan work? YMF Loan is a computer-based, automated program that is designed to offer a tailored finance solution to Yamaha customers.
Because it’s automated, YMF is an easy-to-use service that makes applying for a loan that much quicker. Simply provide a few details using the YMF Loan online application, including your driver’s licence details, where you live and where you work, and your annual income and commitments.
YMF Loan will carry out a credit check, assessing your details to provide you with a decision, usually within a matter of minutes.
If you are approved, all you need to do is visit your approved Yamaha or YMF dealer, who will be able to access your finance application and complete the deal.
Why choose YMF Loan?
If you’re interested in buying a Yamaha product from an approved dealer, YMF Loan could offer the hassle-free financing option that’s best for you.
Not only is it quick and easy to use, YMF Loan also prides itself on its customer service, so you know you’ll have the support you need as you progress through your loan term.
YMF Loan offers a selection of flexible repayment options, with loan terms ranging between two to five years. You can also choose to finance your insurance and your accessories, should you need to.
Comparing Car Loans
With YMF Loan, you could benefit from a customised financing solution for your new Yamaha investment. However, it’s always worthwhile comparing other options against what you are offered.
Here are a few factors you may want to consider when comparing your YMF Loan against other car loans on the market.
Fixed Rate vs. Variable Rate
A fixed rate loan has a fixed rate of interest over the life of the loan, whereas a variable rate loan attracts a variable rate according to the market.
With a fixed rate loan, budgeting can be much easier, as you will always know how much your repayments will be. You are protected against interest rate rises, but you will not benefit from interest rate decreases either.
Secured vs. Unsecured
With a secured loan, the loan is secured against an asset. With this type of loan, the asset is usually the item you are purchasing.
Providing the lender a higher degree of security, a secured loan can offer lower interest rates than an unsecured loan. This could help you to save money on interest over the life of the loan.
Calculating the Cost
Use a loan calculator to work out the overall cost of the loan, while choosing a repayment schedule that fits your budget. Be sure to take into account any establishment fees, ongoing fees and any other fees than may apply.
Flexibility and Features
Flexibility on a loan can vary greatly. Look for flexible repayment options, flexible payment alternatives, and the option to make extra repayments and redraw, if required.
Lenders can also offer a range of features to sweeten the deal. These can range from discounts on the lender’s other products and services, to the opportunity to earn frequent flyer points on the amount borrowed. If these kinds of extras are appealing, be sure to check out what’s on offer.