Understanding Car Financing Options

Often, when purchasing a vehicle, financial assistance is involved. Whether it is a pre owned model or the factory fresh automobile, the buyer should know what it means financially. The advantages and disadvantages of financing used cars differ from financing a brand new car through a loan. Study of these differences will help buyers choose what fits their budget and needs.

Interest Rates: New vs. Used   

However, when thinking about loan terms, the lender is deciding to assess risk. In general new car financing is going to have lower interest rates. But automakers and banks often offer promotional deals that offer reduced rates, so borrowing for a new model is more attractive.

On the contrary, financing used cars usually comes with higher interest rates. Depreciation and potential mechanical issues make pre owned vehicles riskier to the buyer. That is compensated by lenders charging higher interest, mostly for older models. However, buyers with good credit will still be able to score competitive rates.

Depreciation and Its Impact

The value of a car drops immediately after a car leaves the dealership. The initial few years in the life of the new model see the steepest depreciation. The loss in value is rapid and has an impact on resale potential and can make a car worth less than the final loan balance.

Once used vehicles have already depreciated significantly, they hold value more steadily. Long term ownership is more financially stable when the buyer is financing a pre-owned car and avoids the sharpest declines in worth.

Loan Terms and Monthly Payments

Financing agreements are structured by lenders on the cost of the vehicle and the borrower’s qualifications. New cars loans usually last for a longer period of time, up to seven years. Lower monthly payments are obtained by extending the terms, but more interest is paid over time.

Loans for used car purchases are shorter. Since pre-owned vehicles are cheaper, financing arrangements usually run over fewer years. Shorter repayment periods will lower total interest payments but may increase the monthly payments.

Warranty Coverage and Repair Costs

Comprehensive warranty protection is actually one of the major advantages of purchasing a new car. Most manufacturers offer very good coverage for several years, so there are very little out of pocket repair expenses for the first few years of the loan period.

Some warranty may still be on used vehicles but older models may develop more repairs sooner. When comparing financing options, then, you must take into consideration possible maintenance costs. Extended warranties are purchased by some buyers to offset unexpected expenses.

Insurance Costs and Considerations

The cost of auto insurance premiums depends on many factors such as the age of the vehicle, replacement cost, repair expenses and more. Generally, higher insurance coverage is necessary for new cars, because they are more valuable. However, comprehensive and collision protection can also be expensive.

However, insuring a used vehicle is usually cheaper than insuring a new one. Replacement costs are lower and depreciation is less for those coverage options. This means that buyers of a pre-owned car can use the savings to pay for maintenance or loan repayment.

Approval Process and Credit Requirements

Only financial stable borrowers receive loans from lenders. Manufacturers offering incentives usually have more flexible qualification criteria when it comes to new car financing. Low or zero-percent financing may be offered as special promotions for people with average credit; approval may be easier.

It can be more stringent with used car financing. For older vehicles, lenders scrutinize credit history very closely. Even if the applicant has poor credit, he may still be able to receive favorable terms, but he may need a larger down payment or higher rates.

Making the Right Choice

Personal priorities are the deciding factor between financing a used or new vehicle. With lower interest rates and warranty mileage, they’re more appealing; as older cars have reduced depreciation and price. When weighing the financial aspects of each choice, you need to make a decision that is in line with the long term goals.

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Starting Today, the Gresini Racing MotoGP team will officially be known as BK8 Gresini Racing MotoGP. This marks the latest major announcement - just days before the highly anticipated start to the 2025 season at the Buriram International Circuit in Thailand.
 
BK8 NEWS, a sports news and entertainment platform providing up-to-date sports coverage and fan engagement worldwide, will become the Title Sponsor of the Faenza-based team for the 2025 and 2026 seasons.

Besides naming rights, BK8 NEWS will enjoy prominent visibility on the Desmosedici GP24, as well as on the racing suits of Alex Marquez and Fermin Aldeguer. Additionally, the BK8 NEWS brand will feature on team uniforms, garage panels, and transport vehicles. 
 
This sponsorship marks the largest partnership to date for BK8 NEWS and aims to offer a powerful marketing tool to engage fans on a global scale. It is designed to support brand growth by leveraging the massive audience of MotoGP, particularly in key markets where the company operates, maximizing visibility and fan engagement.

MICHAEL GATT – MANAGING DIRECTOR, BK8 NEWS
“We’re excited to team up with Gresini Racing, marking a significant milestone in our strategic growth. This collaboration reflects our commitment to performance, precision, and excellence. By teaming up with a team that pushes the boundaries of motorsport, we’re establishing our presence in one of the world’s most iconic motorsport events. Together, we’ll fuel Gresini Racing’s success, bringing fans closer to the action with exclusive insights and behind-the-scenes access.”

CARLO MERLINI – COMMERCIAL & MARKETING DIRECTOR, GRESINI RACING
“I am thrilled to announce the signing of a title sponsorship agreement for the Gresini Racing MotoGP Team. Adrenaline, speed, and excitement make MotoGP an incredibly powerful marketing platform, offering brands unparalleled global visibility… and Gresini Racing stands among the best organisations in the sport. It’s no surprise that a major brand like BK8 NEWS has chosen the exceptional Gresini – MotoGP combination as its flagship project to achieve its goals. I want to extend my gratitude to everyone at BK8 NEWS for their dedication and commitment over the past few weeks in making this project a reality… I truly can’t wait to hit the track in our new colours and kick off the BK8 Gresini MotoGP Team in the best way possible.”

SALAUDDIN SINNAKANDU – CHIEF EXECUTIVE OFFICER, OUTLAST SPORTS & ENTERTAINMENT
“We are pleased to have facilitated this partnership, bringing together two influential brands with a shared vision. It’s exciting to see this collaboration come to life, and I’m confident it will open up new opportunities for both brands within the world of motorsport.”

Saturday 25th October & Sunday 26th October 2025

National Motorcycle Museum, Coventry Road, Bickenhill, Solihull, B92 0EJ

Prepare for a Weekend of Speed, Thrills, and Motorcycling Magic!

The National Motorcycle Museum is thrilled to announce the return of its highly anticipated event, Museum Live 2025! This two-day celebration promises to be bigger and better than ever, packed with thrilling attractions and unforgettable experiences for motorcycle enthusiasts of all ages.

Best of all, ENTRY IS FREE

Explore the Heart of British Motorcycling History! Step into a world of nostalgia and marvel at one of the world’s largest and most impressive collections of motorcycles - free of charge! This is your chance to connect with motorcycling heritage like never before.

HIGHLIGHTS OF THE EVENT

Indoor Trade Area

Browse a vibrant indoor trade area within the warm and dry surroundings of the museum’s facilities. Discover a wide range of products, from motorcycle gear to memorabilia, and connect with fellow enthusiasts.

Henry Cole and Friends

Live on Stage We are delighted to welcome back TV presenter Henry Cole and his esteemed friends for live stage sessions on both Saturday and Sunday. Expect engaging discussions, laughter, and exclusive insights into the world of motorcycling.

Rachael Clegg Meets

Renowned journalist and artist Rachael Clegg returns to host captivating conversations with legendary racing stars from past and present. Don’t miss this exciting feature on the main stage across both days.

Meet the Experts Live

Lunchtime sessions in the Premier Suite will feature Q&A opportunities with guest experts, hosted by Rachael Clegg. Dive into fascinating discussions and gain unique perspectives on motorcycling history and culture.

Start Up Live

Experience the power and sound of iconic race machines as they roar to life in the museum’s Britannia Suite. This live startup feature is sure to thrill any motorsport enthusiast.

Dragster Start Up

Feel the adrenaline rush as legendary dragsters and record-breaking sprint bikes ignite in a spectacular burnout display. This high-octane feature is not to be missed!

Free Museum Guided Tours

Join Rick Parkington from Classic Bike Magazine for guided tours of the museum’s world-class collection. Explore the stories behind some of the most celebrated motorcycles in history through Rick’s expert narration. Tours will run multiple times each day.

Food Court and Bar

Refuel at our food court and bar, offering a diverse selection of street food and beverages to keep you energized throughout the day. From hearty breakfasts to international cuisines, there’s something for every palate.

Museum Shop: Will be open throughout the event fully stocked with a huge range of classic motorcycling books, clothing & memorabilia.

Parking

Car parking is available for a nominal fee, while motorcycle parking remains free of charge.

JOIN THE PARTY!

This is more than an event; it’s an experience. Whether you’re a lifelong motorcycling enthusiast or simply looking for a fun-filled day out, Museum Live 2025 promises something for everyone.

Visit www.thenmm.co.uk for updates or follow us on social media for the latest announcements.

Last bike ridden by Hairy Biker Dave Myers to be auctioned for charity

• The BSA Goldstar ridden by Dave Myers in the final series of The Hairy Bikers is being auctioned for charity
• It will go under the hammer at the National Motorcycle Museum in Solihull on Wednesday 26th March
• Proceeds from its sale will go to CancerCare North Lancashire & South Cumbria and the NSPCC Childline charities  

The last motorcycle ridden by much-loved Dave Myers, one half of the incredibly popular TV chef duo The Hairy Bikers, is being auctioned for two worthy causes – CancerCare North Lancashire & South Cumbria and the NPSCC Childline.

The BSA Goldstar motorcycle, which famously featured in the BBC’s “The Hairy Bikers Go West”, the last ever series of The Hairy Bikers, will go under the hammer with H&H Classics at the National Motorcycle Museum in Solihull on Wednesday 26th March.

Dave fought a long battle against cancer but sadly died in February last year. The auction of his beloved BSA Goldstar will be a fitting tribute to his effervescent personality, together with his immense influence and passion for motorcycling.  

Ahead of the auction, the bike is in a special static display at the National Motorcycle Museum and features life-size cut-outs of both Dave and Si King, celebrating their enduring friendship, plus Dave’s leathers, helmet and boots.

Speaking of her wish to support charitable causes through Dave’s legacy, his widow, Liliana Myers, said: “The auction of Dave’s BSA Goldstar is a fantastic way to support two charities who do incredible work.

“We hope to raise as much as possible, so would encourage interested bidders to dig deep into their pockets for the chance to own a truly special motorbike.”

National Motorcycle Museum director, James Hewing, said: “The auction of his bike represents a unique opportunity for someone to own a piece of motorcycling history while celebrating Dave’s enduring legacy.

“We hope this display will resonate with fans and visitors, reminding them of the joy and inspiration Dave brought to so many.”

The Hairy Bikers series ran for two decades, turning Dave Myers and Si King into national treasures. The huge appeal of their warm and jovial personalities, coupled with their love for motorcycling and foodie expertise, saw millions watch them on TV, keen to see them on their travels.

Colette McKay, managing director at H&H Classics, which is conducting the auction, said: “H&H Classic is honoured to be auctioning such a significant motorcycle. Dave’s immense popularity and passion for motorbikes and cooking is legendary, so we’re confident we’ll raise as much as possible for two very worthy causes.”

Enthusiasts, fans or collectors wishing view the motorcycle can do so by visiting the National Motorcycle Museum, in Solihull. Meanwhile those wishing to bid on Dave Myers’ cherished BSA Goldstar can do so in person, via telephone or by bidding online at the sale on Wednesday 26th March, or by leaving a commission bid with the auctioneers ahead of the sale.

All of the classic motorcycles and vintage scooters appearing in the sale can be viewed at the museum from 1pm on Tuesday 25th March or on the sale day itself. For more information on any of the lots, visit www.handh.co.uk.

​

About the National Motorcycle Museum

The National Motorcycle Museum houses the largest collection of British motorcycles in the world, with over 1,000 machines from 170 different manufacturers spanning three centuries. The museum is dedicated to preserving and showcasing the UK’s rich motorcycling heritage.

With Special Guest Jess Conrad OBE

Sunday 23rd February - 9am – 5pm

The 59 Club’s annual “Renewal” day at the Ace on Sunday 23rd February 2025, along with opportunity to renew your membership if it is due, join the Club and meet with the Clubs volunteer leaders who will be on hand throughout the day, this year includes from noon not only with live rock n’ roll courtesy of special guest five-piece band all the way from Germany, “The Dizzy Dudes”, but also with Jess Conrad OBE who, in addition to kindly attending the Grand Re-opening of the Ace in 2001, was at both St Pauls Cathedral in 2019 and Westminster Abbey in 2022 for the special 59 Club anniversary services.

On the evening of Saturday 14th January 1961 episode 16 of the weekly TV series “Dixon of Dock Green” titled "The Burn-Up", based at the Ace with burn ups, speeding and jukebox record racing as the focus in scene 10 & 12 of the broadcast, Jess featured as the character Mike Jarrod, a ton up boy!

The episode opened with PC Dixon stating to camera:

"Evening all...Y'know, if I've got a bee in my bonnet about one particular thing, I suppose it's road safety - and you find most coppers are the same. It's not only the tragic side of the accident that gets you down: it's the thoughtlessness, the selfishness, the sheer perishing lunacy - for sometimes it's nothing more nor less, believe me...I was up at the coroners court at the town hall the other day. There'd been a nasty pile-up on the by-pass, and I had to go along with young Jamie, as a police witness..."

In a subsequent conversation with PC Dixon, the desk sergeant asks a CID officer named Andy "Coffee Bar Cowboys. These young 'erbs who hang out at the caff with their flash bikes and their girls. What's their local caff, Andy?"  Dixon interjects and replies "The Ace, that's the place. Might be an idea to pop up there sometime and see what goes on".

The episode concludes with the message of the programme being delivered directly to camera by PC George Dixon:

"Y'know motorcycling's a fine sport - one of the best - but, like every other vehicle, a motorbike can maim and kill unless it's ridden with proper care. I know I beef about road safety, but ...well, straight up, the roads these days are more like battlefields, sometimes. So whether it's a car, motorbike, or whatever it is - take care always, won't you. Your life - and other people's - is in your hands: It's as simple as that...Goodnight All..." Dixon then salutes to camera.

The script, by Ted Willis, was at a time of popular outcry and concern regarding the ton up boys and carnage on the roads.

Jess will be signing and selling copies of “From Blitz to Glitz” - his fascinating autobiography, from his childhood in London during the Blitz to his time as a Teddy Boy on the wrong side of the tracks, from being discovered by legendary music producer Jack Good to his work with peers such as Billy Fury and Cliff Richard, from starring in dozens of movies to wowing live theatre audiences all over the world... and so much more!

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