Is a motorcycle buying spree about to happen in our country soon?
On the first day of work under the modified enhanced community quarantine, we paid a surprise visit to Yamaha’s YZone dealership in Greenfield District, and we saw a throng of people queued up at the showroom. The security personnel had been given strict orders to implement physical distancing, so some of the customers had to wait patiently outside—but they were seated comfortably and were well-shielded from the sun’s blaze by a canopy.
Other than the health protocols being enforced by dealership management, we also noticed a big bottle of hand sanitizer as well as a pile of leaflets by the entrance. Printed on the leaflets is the complete list of Yamaha’s small and big bikes being sold locally, along with their standard retail prices. But what’s more interesting is the detailed in-house financing packages showing the minimum down payment and the corresponding monthly amortizations for one- to three-year payment schemes.
Inside the showroom, we observed which model the customers tended to gravitate toward, and easily, the Yamaha NMax 155 came out as the favorite choice. And it’s not even the 2020 model yet (upgrades include a full TFT screen with smartphone connectivity, and LED lights), because according to an insider, we have to wait a little longer for that one due to the prevailing health crisis. It’s also expected to be priced a bit higher.
Given this emerging purchasing trend, we figured it might be worth your while if we share the financing scheme for the 2019 NMax 155. Check it out:
2019 Yamana NMax without ABS (P109,000)
- Down payment (around 7.5%) – P8,200
- Monthly amortization – P11,254 (12 months), P6,811 (24 months), P5,348 (36 months)
2019 Yamaha NMax with ABS (P119,000)
- Down payment (10%) – P11,900
- Monthly amortization – P11,834 (12 months), P6,987 (24 months), P5,348 (36 months)
The Motorcycle Development Program Participants Association (MDPPA) reported a few years back that roughly 90% of total motorcycle sales in the Philippines were purchased through financing. With the limited passenger capacity of public utility vehicles to ensure social distancing, scooters can be a viable ride for the working class. Would you go for it?