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Thread: Buying used motorcycle procedure

  1. #1
    kkevin
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    Default Buying used motorcycle procedure



    I don't know under which thread to post to, so I post here.

    Can someone advise me on the procedure to buying 2nd hand bikes? How long does the whole process actually take? I hope to be riding by the weekend. Thanks a lot.

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    Soulraider
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    Depends on whether you are buying from owner itself or buying from bike shops.

    Both have its pros and cons if you ask me.

     

     
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    kkevin
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    if buy from owner, how long does process roughly take?

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    Snoek
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    Insurance / inspection / road tax can be done in one day if you go in the morning and settle all the stuffs.

    Transfer ownership normally the bike shop will ask u to xome back tomorrow unless u go LTA yourself which is quite far if you are staying in the east.
    Ride Safe.

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    Soulraider
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    Basic pros of buying from owner:
    1. Save on admin fees charged by shops when you buy 2nd hand bikes from them. (Usually $100+). Shops also usually take at least 3 days to do the transfer for you.
    2. Get to know history of bike from owner.
    3. Transfer will be quick. You just need to get insurance and relevant documents ready bring to LTA Sin Min. On the spot do transfer. On the spot ride and go. You need to find out what documents and how to go about doing it however.

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    kkevin
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    Okay! thanks alot! =)

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    Whereas going to shop is something like:

    1. I want X bike. Have? Y/N
    2. Interrogate shop on machine condition. Don't pay up if machine is not in satisfactory state. Get them to pretty up the machine & service as necessary if you don't want a rusted, broken down hulk. That is, if you're like me and go for the old soon to be classics. Make sure the shop doesn't take an excuse to boost the machine price to astronomical levels. They're supposed to maintain/repair the machine before offering for sale.
    3. Specify desired accessories and/or modifications. Lots of interesting things you can let the shop do.
    4. Settle your insurance, transfer, talk nonsense with the staff and haggle the pricing/insurance.
    5. Come back a few days to a week's time and test your new ride.

    Sure it takes a bit more $ and some shops shouldn't be trusted in this regard, but if you find a shop with skilled and passionate mechanic(s) you might be in for a pleasant surprise indeed.

    Plus, they do everything for you. One stop solution.

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    rocklobster
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    private seller:

    1) find private seller who has a bike you want
    2) meet to view the bike and nego a price
    3) agreed to buy the bike? then time to settle insurance (NTUC, AXA, Mitsui)... make sure u call them to get a quotation first and also get the bike plate no from the fella too...
    4) remember to start your insurance on the same day you want to take over the bike
    5) meet the guy with with the bike at LTA in sin ming area
    6) settle paperwork
    7) ride home with your new wife!
    Cheap + fast = no good
    Cheap + good = not fast
    Good + fast = not cheap
    >>>(wise words from ahduck)<<<

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    Wormwood
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    Is it possible to do the transfer with the owner's IC if the owner himself is not present?

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    bunny_hui
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    In the end also need the owner to sign the document.
    请原谅我, 一切都是我的错, 都是我不够成熟
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    d515s23
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    This thread helps me alot. Ups for fellow new riders.

     

     
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    r3tr0
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    nice details for new riders.. up





    r3tr0

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    feriosi
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    Quote Originally Posted by Wormwood View Post
    Is it possible to do the transfer with the owner's IC if the owner himself is not present?
    Possible, but need to owner to sign on the LTA form that request for Pin.
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    qin07
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    I know Planet at Ubi charges about $30 for the administrative fee. Reasonable fee in my opinion if you don't want to go through all the hassle! He can do a check for you too.

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    ltensail
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    hi, also like to ask this question.. related to buying procedure

    if i intending to change bike, but my old bike's insurance is ending on 28/5/12, should i go ahead and purchase insurance or quickly hoot a new bike?
    which one more cost saving on the insurance thing? are they transferrable?

  16. #16
    danielling1981
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    Quote Originally Posted by ltensail View Post
    hi, also like to ask this question.. related to buying procedure

    if i intending to change bike, but my old bike's insurance is ending on 28/5/12, should i go ahead and purchase insurance or quickly hoot a new bike?
    which one more cost saving on the insurance thing? are they transferrable?
    Insurance not transferable. But refundable. Can check with insurer, i feel tat e refund wont lose much so in my opinion no worries there. So in ur case, renew first or pray u can find ur bike before ins end.

    But u r putting pressure and deadline on urself. This may cause u to buy in haste and miss out things. Like didnt check bike properly, kanna carrot becoz didnt wan to wait, etc.
    WTS: Yamaha FZ1S 07
    http://www.singaporebikes.com/forums/showthread.php/404820-WTS-Yamaha-FZ1S-07?p=8036785#post8036785

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    copyrightweitong07
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    The information in the thread is very useful. Thanks

  18. #18
    0401897D
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    Quote Originally Posted by danielling1981 View Post
    Insurance not transferable. But refundable. Can check with insurer, i feel tat e refund wont lose much so in my opinion no worries there. So in ur case, renew first or pray u can find ur bike before ins end.

    But u r putting pressure and deadline on urself. This may cause u to buy in haste and miss out things. Like didnt check bike properly, kanna carrot becoz didnt wan to wait, etc.
    Just to highligt, not sure of other insurance company. Direct asia charge, if not wrong, abt $60+ for early termination. This will be deducted from your balance insurance.

    However, if u continue buying insurance wif dem for your new bike, they will waive off tat charges.

    Do check the fine lines of other insurance company

    Hope it helps.

    Cheers


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    cooling off day

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    heibihiam
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    umm if i buy from direct owner, is it a norm to request for inspection at xxxxxxx shop prior to the transfer? to make sure the bike is in working/good condition (interior and/or exterior) ?

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    yeahh
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    buy second hand bike from owner or shop is about the same, bcoz both also cant guarantee anything.

  21. #21
    danielling1981
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    Quote Originally Posted by heibihiam View Post
    umm if i buy from direct owner, is it a norm to request for inspection at xxxxxxx shop prior to the transfer? to make sure the bike is in working/good condition (interior and/or exterior) ?
    There is no good standard. You should discuss with the owner. Imagine if you sent the bike for inspection before buying, means the owner lose the use of the bike.
    WTS: Yamaha FZ1S 07
    http://www.singaporebikes.com/forums/showthread.php/404820-WTS-Yamaha-FZ1S-07?p=8036785#post8036785

     

     
  22. #22
    heibihiam
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    Quote Originally Posted by danielling1981 View Post
    There is no good standard. You should discuss with the owner. Imagine if you sent the bike for inspection before buying, means the owner lose the use of the bike.
    hmmm okay thanks. cos for buying car usually will send for inspection first ma... idk for bikes lol

    thanks!

  23. #23
    heibihiam
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    Quote Originally Posted by danielling1981 View Post
    There is no good standard. You should discuss with the owner. Imagine if you sent the bike for inspection before buying, means the owner lose the use of the bike.
    hmmm okay thanks. cos for buying car usually will send for inspection first ma... idk for bikes lol

    thanks!

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    Subtlescum.
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    get the owner to accompany you with the bike to a neutral workshop to get it checked and costs bear by both parties. gl in looking for your bike

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    ber
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    2010 thread leh

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    heibihiam
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    Quote Originally Posted by Subtlescum. View Post
    get the owner to accompany you with the bike to a neutral workshop to get it checked and costs bear by both parties. gl in looking for your bike
    hmm sounds like a good plan! tyvm!

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    danielling1981
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    Quote Originally Posted by heibihiam View Post
    hmmm okay thanks. cos for buying car usually will send for inspection first ma... idk for bikes lol

    thanks!
    I think for car is u but first then inspect. Not before buying. Of coz of the owner nice show also good.


    Quote Originally Posted by Subtlescum. View Post
    get the owner to accompany you with the bike to a neutral workshop to get it checked and costs bear by both parties. gl in looking for your bike
    If I'm the owner, I won't agree. Becoz I send my bike for service regularly so I know there is nothing wrong with the bike. Tbh, I always send my bike for service when I'm free like take leave, thus to agree to this inspection means having to fork out extra time for a buyer which may not confirm buy the bike.

    In this scenario the owner is bearing the risk of losing his time without being able to sell. Of coz vice versa, it doesn't make sense to put a deposit first.

    This is the key difference between buying from people and shop. Shop more ex buy got warranty but may carrot u.

    Buy from people cheaper but no warranty. Also may be carrot... Life's like that..
    WTS: Yamaha FZ1S 07
    http://www.singaporebikes.com/forums/showthread.php/404820-WTS-Yamaha-FZ1S-07?p=8036785#post8036785

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    fat-lip
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    Sorry to dig thread, what about the procedures of buying a first hand bike?

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    dreamer_toons
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    Quote Originally Posted by fat-lip View Post
    Sorry to dig thread, what about the procedures of buying a first hand bike?
    Go to the shop/agent, discuss the price, finance and freebies. Do the paperwork, insurance, pay deposit or full cash.

    If the shop has ready COE, bike will be registered and collection can be as early as the following day. That was what I was promised when I was shopping for my new bike.

    If no ready COE, agent will bid the COE for you in the next bidding exercise, depending on how many day you commit the bike to the next bidding exercise, you have to wait for that many days. Collection will be done after another few days after COE is secured for you.

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    ewejin9394
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    Since the first post to this was made in 2010. I'm not sure if the rules still applied or there has been some changes. I need someone to explain to me the whole procedure as i'm not familiar with any bike shops around singapore.

    So Here's my case. Please bare with me the long and winded question i have. There are a lot of questions in my mind right now on how to purchase a bike:

    1. I just converted my license from Malaysian license yesterday. I now have a paper slip that let's me ride or drive vehicle. Can i use that to purchase a bike? (I'll have to wait 1 month for them to mail me the actual license)
    2. Buying a second hand bike, can someone explain the procedure? Let's say i saw some posting online? Contact him and what should i do?
    3. Do i go to insurance company walk-in to buy bike insurance? What kind of documents that they need?
    4. Road tax how and where to buy?
    5. COE if the bike has remaining COE, do i just buy and ride it? If not, have to buy COE?

    I really appreciate your time and effort in answering the questions. Thank you so much!

    EweJin

  31. #31
    karina
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    Quote Originally Posted by Soulraider View Post
    Basic pros of buying from owner:
    1. Save on admin fees charged by shops when y auto clicker word unscrambler jumble solver ou buy 2nd hand bikes from them. (Usually $100+). Shops also usually take at least 3 days to do the transfer for you.
    2. Get to know history of bike from owner.
    3. Transfer will be quick. You just need to get insurance and relevant documents ready bring to LTA Sin Min. On the spot do transfer. On the spot ride and go. You need to find out what documents and how to go about doing it however.
    Can someone advise me on the procedure to buying 2nd hand bikes? How long does the whole process actually take? I hope to be riding by the weekend. Thanks a lot.
    Last edited by karina; 28-09-2019 at 08:58 AM.

     

     
  32. #32
    akonsayagyi
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    Quote Originally Posted by karina View Post
    Can someone advise me on the procedure to buying 2nd hand bikes? How long does the whole process actually take? I hope to be riding by the weekend. Thanks a lot.
    It's a lot easier nowadays. Lesser paper works.

    Find your bike online / shops. If you found one,
    1. You check the bike. (Make sure your try a test ride, no funny funny sounds, oil leaks etc)
    If you decided to take it, proceed
    2. Prepare the finance.
    3. Buy insurance with your name (NTUC or direct Asia)
    4. Go into one motoring .com. (If you dont have, register one)
    5. Settle the finance.
    6. Ask the seller to transfer ownership online @onemotoring.com. You can do transfer on the spot. (There are guidelines on the website as well.)
    If you buy from shop, they will prepare all for you. Gotta pay some extra admin fee.

    Hope it helps.

    (:

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