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Thread: 101 ways to sell your bike...

  1. #51
    StingRhea
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    but if the document require signature~ better note abt that~

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    Originally posted by StingRhea@Feb 14 2004, 01:02 AM
    but if the document require signature~ better note abt that~
    okie... thnx alot... i found out liaoz... oni need to sig n original ic of the person whom the bike will be transfered to... so should b no prob at all... thnx alot..
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    Hi Guys,

    just wondering - If i do not have a license, can I still obtain insurance under my own name?

    If not, that means I am unable to register a bike under my name as well since the insurance is required, isn't it?


    Do I need a license if someone subs me as a rider?

    Thanks.

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    Originally posted by Piper@Feb 15 2004, 11:45 PM
    Hi Guys,

    just wondering - If i do not have a license, can I still obtain insurance under my own name?

    If not, that means I am unable to register a bike under my name as well since the insurance is required, isn't it?


    Do I need a license if someone subs me as a rider?

    Thanks.
    well... when i buy ins... they wanna c the lic... so i assume u need the lic to buy a bike n ins under ur name (OWNER)
    but if the owner is someone who got the lic... the sub rider no need lic oso can be authorise ah.... juz need ur name... but that oni applies to NTUC...
    other ins company me not sure... cos they based on the youngest rider...
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  5. #55
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    so overall, can i conclude that, to buy a bike from a private owner,

    i need to:

    1) Get the original logcard
    2) Go to insurance company together with the logcard and purchase the insurance
    3) Then can go to Sin Min to do the transfer of ownership?

    or

    can do transfer of ownership first then go buy insurance?

    thanks for any help.

  6. #56
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    Originally posted by Ken@Mar 4 2004, 01:41 AM
    so overall, can i conclude that, to buy a bike from a private owner,

    i need to:

    1) Get the original logcard
    2) Go to insurance company together with the logcard and purchase the insurance
    3) Then can go to Sin Min to do the transfer of ownership?

    or

    can do transfer of ownership first then go buy insurance?

    thanks for any help.
    no need original log card to buy ins...
    but its better to haf ins first b4 doin transfer.. if not cannot b done...
    Your Cash Cow.. Moo Moo....

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    thanks

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    I have a question,

    After reading all posts here, am i right to say that a single bike can have more than 1 owner(main rider)?

    Because when say u want to sell yr bike, the buyer needs go buy his own insurance first, then can do transfer. So before the transfer is completed, the bike now has 2 owners already...right?

    Anyone to clarify?


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    Originally posted by hilfiger@May 4 2004, 01:14 AM
    I have a question,

    After reading all posts here, am i right to say that a single bike can have more than 1 owner(main rider)?

    Because when say u want to sell yr bike, the buyer needs go buy his own insurance first, then can do transfer. So before the transfer is completed, the bike now has 2 owners already...right?

    Anyone to clarify?

    not two owners. When u want to sell off the bike, the buyer need to go and get another insurance for this bike. Which mean have two insurance for that bike. preferably the date is the transfer date.

    After which u go and transfer the name in the previous owner to the buyer's name.

    got it?

    Bike can have one owner and one sub rider.

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    Originally posted by hilfiger@May 4 2004, 01:14 AM
    I have a question,

    After reading all posts here, am i right to say that a single bike can have more than 1 owner(main rider)?

    Because when say u want to sell yr bike, the buyer needs go buy his own insurance first, then can do transfer. So before the transfer is completed, the bike now has 2 owners already...right?

    Anyone to clarify?

    yes, during the transfer there are 2 insurance as the new owner of the bike need insurance before he/she can do the transfer at LTA.
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  11. #61
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    What if the road tax of the bike has expired and the owner didn't renew. Then when he wants to sell bike to a buyer, how will it affect the transfer? Must pay a fine to transfer right?

     

     
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    Originally posted by hilfiger@May 7 2004, 11:48 PM
    What if the road tax of the bike has expired and the owner didn't renew. Then when he wants to sell bike to a buyer, how will it affect the transfer? Must pay a fine to transfer right?
    yes must paid a fine... and its illegal to ride without roadtax also. Get ur friend pay the road tax first before selling or buying it over.

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    Scenario: A bike is sold by a seller to a buyer. So the buyer goes to buy insurance for the bike first. But before the transfer of ownership, can the buyer ride the bike yet?

    Then if he does and gets into accident, is his insurance for the bike applicable or valid? Although the bike is not yet transferred from the seller to the buyer's name...

    Anyone to clarify?

  14. #64
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    Anyone can help?

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    Originally posted by hilfiger@May 9 2004, 06:32 PM
    Scenario: A bike is sold by a seller to a buyer. So the buyer goes to buy insurance for the bike first. But before the transfer of ownership, can the buyer ride the bike yet?

    Then if he does and gets into accident, is his insurance for the bike applicable or valid? Although the bike is not yet transferred from the seller to the buyer's name...

    Anyone to clarify?
    it will based on case by case bases.
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    heya there !! regarding this issue, i am buyin a bike from a person i met though fren. he's is still on installment though..he told me to pay him some money then i coi~~wot if i pay pay his installment then he claim the bike is his..anyone in the same scenario before as me ?? buyin from a pvt seller..insurance i am the sub, he adds me up on his insurance..and also, is there such a thing like a black n white stating once the installment has finished, ownership will go to me ?? scary if he plays me out
    selling forkskin for motard
    brand dirtskin
    interested pls pm

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    Originally posted by thermo@Jun 11 2004, 08:48 AM
    heya there !! regarding this issue, i am buyin a bike from a person i met though fren. he's is still on installment though..he told me to pay him some money then i coi~~wot if i pay pay his installment then he claim the bike is his..anyone in the same scenario before as me ?? buyin from a pvt seller..insurance i am the sub, he adds me up on his insurance..and also, is there such a thing like a black n white stating once the installment has finished, ownership will go to me ?? scary if he plays me out
    yes it is true that after u have finished paying for the installments the owner might play u out
    so unless u can get a really gd black and white document that can be presented in court that can verify that the ownership of the bike will be transferred to u upon completing the installments...dont agree to the deal

    other 100% safe options include
    1. u take out lump sum...clear the remaining installments for the bike in one go + do ownership transfer immediately (u can choose to do the transfer at the bikeshop when u clear the installmentsalso...no need to go down LTA to do transfer personally)
    2. go ahead w/ the ownership transfer and pay additional interest for the new reloan for the bike...now u pay for yr installments w/ the bike under yr own name! this may not sound economical...but it's certainly beats having to worry abt the owner running off w/ the bike u r paying for!
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    Originally posted by hilfiger@May 9 2004, 06:32 PM
    Scenario: A bike is sold by a seller to a buyer. So the buyer goes to buy insurance for the bike first. But before the transfer of ownership, can the buyer ride the bike yet?

    Then if he does and gets into accident, is his insurance for the bike applicable or valid? Although the bike is not yet transferred from the seller to the buyer's name...

    Anyone to clarify?
    ehh
    frm what i know
    as long as the buyer have already been covered by the insurance
    and u are able to prove that the ownnership transfer is in process (the bikediam still doing the paperwork etc)...should be okay bahz

    pls correct me if im wrong
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    Originally posted by hilfiger@May 7 2004, 11:48 PM
    What if the road tax of the bike has expired and the owner didn't renew. Then when he wants to sell bike to a buyer, how will it affect the transfer? Must pay a fine to transfer right?
    there will be an additional fee imposed when u go and renew the roadtax for the bike after it has been expired for over a certain period of time
    w/o valid roadtax...bike ownership transfer canot take place
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    Hi All,
    Would like to ask if let say my dad is taking over as owner, I'm the subrider, and buying the bike from private seller, on the day when buying insurance and doing transfer of the ownership at LTA to my dad, he needs to be present or not?
    If not, what are the things needed for me to bring?
    Cos would like to settle everything myself without bothering him at all but too bad insurance too ex so like him to be owner so cheaper every year in that case.
    Pls help if you could. Thanks in advance.....
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    u will def need his ic and driving license
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    Originally posted by sky140885@Jul 13 2004, 05:57 PM
    Hi All,
    Would like to ask if let say my dad is taking over as owner, I'm the subrider, and buying the bike from private seller, on the day when buying insurance and doing transfer of the ownership at LTA to my dad, he needs to be present or not?
    If not, what are the things needed for me to bring?
    Cos would like to settle everything myself without bothering him at all but too bad insurance too ex so like him to be owner so cheaper every year in that case.
    Pls help if you could. Thanks in advance.....
    if u are asking the motordiam to do the insurance + transfer for u...u juz need to pass them yr dad's nric and let them know how many years of riding experience yr dad has

    if u r going down to make the insurance on yr own...documents required i not sure..minimum is nric of yr dad as well

    as for going down to LTA to do ownership transfer...juz need to bring yr dad's NRIC and transfer fee money...u may also wish to remind the pte seller to remember to bring along his nric...the logcard/COE cert of the bike...and the roadtax for the bike...
    if the bike is more than 3 years of age...may require to go through a vicom inspection 1st if im not wrong

    difference between settling paperwork on yr own vs getting motordiam to settle for u...

    1. if yr dad has any no-claim discount under his name...u will be able to get the discount...if u were to go thru motordiam...the discount sometimes wont be applicable liaoz..depending on whether yr motordiam wan to be gd person or not
    i've seen motordiam who pass on the discount to me...and i've seen other pple who didnt get the discount frm the motordiam when they should

    2. less trouble if u go through motordiam...juz need to put all the required documents there then can collect bike + new documents in ard 1-3days depending on efficiency of motordiam

    3. however..less trouble means u need to pay them for their services rendered...this may cost anything frm $20 onwards...varies frm motordiam to motordiam
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  23. #73
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    Originally posted by d0n^@Jul 13 2004, 10:45 AM
    yes it is true that after u have finished paying for the installments the owner might play u out
    so unless u can get a really gd black and white document that can be presented in court that can verify that the ownership of the bike will be transferred to u upon completing the installments...dont agree to the deal

    other 100% safe options include
    1. u take out lump sum...clear the remaining installments for the bike in one go + do ownership transfer immediately (u can choose to do the transfer at the bikeshop when u clear the installmentsalso...no need to go down LTA to do transfer personally)
    2. go ahead w/ the ownership transfer and pay additional interest for the new reloan for the bike...now u pay for yr installments w/ the bike under yr own name! this may not sound economical...but it's certainly beats having to worry abt the owner running off w/ the bike u r paying for!
    for option 1. take out lump sum to clear the remaining installments. Is there a penalty for breaking the hire purchase contract?

    let say HP is 3 years, bike is 1 year old. So want to pay off remaining 2 years payments so how do they calculate how much to clear?

    simply $$ monthly installment x 24 ?? and that's it? in that case won't we be paying for interest not used?

    pls calrify which formula to calculate...thank u all!!
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    Originally posted by bktan@Jul 20 2004, 02:17 PM
    for option 1. take out lump sum to clear the remaining installments. Is there a penalty for breaking the hire purchase contract?

    let say HP is 3 years, bike is 1 year old. So want to pay off remaining 2 years payments so how do they calculate how much to clear?

    simply $$ monthly installment x 24 ?? and that's it? in that case won't we be paying for interest not used?

    pls calrify which formula to calculate...thank u all!!
    when u bought yr bike on Hire purchase. The interest have already been calculated into it and totalled up.
    Yes, you right by saying pay the rest $x * y months of installements.
    Paying for interest not used? sorry dude, doesn't matter whether u choose to pay early, cause the interest have already been added to it. You will have to pay that $x even though you are paying it off earlier.
    Nike - Just do it!

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    sorry guys,borrow dis thread. hope u all can advise....

    my bike still on hire purchase. in a few months the insurance will expire. i tot of putting my uncle's name FIRST follow by my name as subrider. is dis allowed?

    If not, what are the complications of doing it?
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    should be no prob but your uncle will be the owner of the bike...

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    Originally posted by R.C@Aug 19 2004, 01:38 AM
    should be no prob but your uncle will be the owner of the bike...
    i dun mind he being the owner but u confirm this can b done?? wat are the steps?
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    Exhaus-tion, i done that last year, so that i can enjoy a cheaper rate of insurance. You&#39;ve to total up the cost of everything see whether its feasible a not.
    Let me tell you how i do it. and why i wanted to do it.
    Last year when my insurance was due(bike still on hire purchase), went ask for a quote for my insurance from my motordiam. It was &#036;800&#33;&#33;&#33;&#33; no difference whether i got it from different insurance company. Bo bain liao.. then i think think.. put my father&#39;s name as main rider sure cheaper. True its cheaper, insurance only &#036;340(around there lar.. can&#39;t remember liao).
    BUT BUT, You have to factor in the following things. Firstly, if yr bike on hire purcahse, and u wana trasnfer the owner to yr uncle, you have to RELOAN the whole amount outstanding amount to yr uncle. Meaning u have to add interest to the SUM of outstanding amount again. On top of that, you have a pay a transfer fee(can check the standard transfer fee at LTA website). And, if yr motordiam want chop you, he will chut pattern, ask you for some agreement fees and other stuff. For me, my father know the boss of the shop, so he just charge me interest to do the reloan + transfer fee.. so when i totalled up my bill insurance+reloand+transfer fee, it was fesiable, as it was still LESS THAN &#036;800 which i had to pay for my insurance. So i went ahead do it.
    If you what to do the transfer, PLS PLS, go factor in all cost. If the amount of money you use to trasnfer+buy insurance is more than yr current insurance, just pay yr current insurance without putting yr uncle main rider lar.. Do some maths here and u will know.
    Hope that helps.
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  29. #79
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    Hi all...

    going to collect me first bike soon and have a couple of questions......

    so if anyone can answer these questions......it&#39;ll be so very much appreciated.....

    the bike in question here is due for road tax and insurance at the end of aug 2004....

    I was thinking of getting the bike next monday and was wondering if I go to motortiam and ask them to do the transfer, road tax,insurance..etc etc.....can i take the bike straight away? or do i need to wait a few days to get some form of insurance before taking the bike??????

    Please advice....

    thanks a lot people......
    I . L . T . N . N

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    my advice is, if u&#39;r not looking at a reloan for yr bike, just photocopy the original log card of the bike, go down NTUC purchase yr insurance by yr own(can get it straight away). Then head down to sin ming (LTA) to do yr transfer. All can be done in a day with no extra charges.
    Why you want pay motordiam for the extra charges. Somemore they do things all so slow. You probably will get yr documents only the next day or day after.
    Nike - Just do it&#33;

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    Originally posted by R3sistor@Aug 19 2004, 11:41 AM
    Exhaus-tion, i done that last year, so that i can enjoy a cheaper rate of insurance. You&#39;ve to total up the cost of everything see whether its feasible a not.
    Let me tell you how i do it. and why i wanted to do it.
    Last year when my insurance was due(bike still on hire purchase), went ask for a quote for my insurance from my motordiam. It was &#036;800&#33;&#33;&#33;&#33; no difference whether i got it from different insurance company. Bo bain liao.. then i think think.. put my father&#39;s name as main rider sure cheaper. True its cheaper, insurance only &#036;340(around there lar.. can&#39;t remember liao).
    BUT BUT, You have to factor in the following things. Firstly, if yr bike on hire purcahse, and u wana trasnfer the owner to yr uncle, you have to RELOAN the whole amount outstanding amount to yr uncle. Meaning u have to add interest to the SUM of outstanding amount again. On top of that, you have a pay a transfer fee(can check the standard transfer fee at LTA website). And, if yr motordiam want chop you, he will chut pattern, ask you for some agreement fees and other stuff. For me, my father know the boss of the shop, so he just charge me interest to do the reloan + transfer fee.. so when i totalled up my bill insurance+reloand+transfer fee, it was fesiable, as it was still LESS THAN &#036;800 which i had to pay for my insurance. So i went ahead do it.
    If you what to do the transfer, PLS PLS, go factor in all cost. If the amount of money you use to trasnfer+buy insurance is more than yr current insurance, just pay yr current insurance without putting yr uncle main rider lar.. Do some maths here and u will know.
    Hope that helps.
    great help. but i dunno how the calculation for the reloan of outstanding amount thingy... my bike is almost 1yr in a couple of months. and the purpose of putting my uncle as 1st rider is exactly same as yrs.

    so does it mean i have to start installment all over again?
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  32. #82
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    yeap. say yr installment left with 10 months, one month is &#036;100.
    Outstanding amount = &#036;1000.
    Reloan to uncle, interest is 6%. 1000 + 6% interest / mthsToPay.
    Have to add in transfer fee
    Nike - Just do it&#33;

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    Originally posted by R3sistor@Aug 19 2004, 02:12 PM
    yeap. say yr installment left with 10 months, one month is &#036;100.
    Outstanding amount = &#036;1000.
    Reloan to uncle, interest is 6%. 1000 + 6% interest / mthsToPay.
    Have to add in transfer fee
    like tt ar... chialat lah cannot make it already....
    my outstanding thousands n thousands&#33;&#33;&#33;
    I DON&#39;T KNOW THE KEY TO SUCCESS, BUT THE KEY TO FAILURE IS TRYING TO PLEASE EVERYBODY




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  34. #84
    Eye-Power
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    Hi guys.. hope to gain some info on this... Thanks...

    Scenario

    Assuming the Seller sold his bike to the Buyer and since the bike is still under instalment and due to some arrangement, Seller agrees to continuing using his name for the bike and insurance ( Buyer being sub-rider ) while Buyer will settle all money issues.

    Seller is therefore not riding the bike anymore.

    One day, the Buyer rides the bike and commits a traffic offence e.g speeding then kanna camera... and since only the licence plate will be taken and not the rider&#39;s face ( those static camera ), here are the Questions.

    Questions

    1. Since the bike is still under the Seller&#39;s name, will the traffic offence be addressed to him?

    2. And if Buyer refuses to admit to his offence, what may happen? Seller kanna??


    Many thanks...

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    1) Yes, traffic offence will be send to owner of bike.
    2) If buyer refuses to admit, owner of bike have to pay for fine.demerit points.
    Nike - Just do it&#33;

  36. #86
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    Originally posted by R3sistor@Aug 23 2004, 03:43 PM
    1) Yes, traffic offence will be send to owner of bike.
    2) If buyer refuses to admit, owner of bike have to pay for fine.demerit points.
    Thanx a lot for the answers...

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    Originally posted by R3sistor@Aug 23 2004, 03:43 PM
    1) Yes, traffic offence will be send to owner of bike.
    2) If buyer refuses to admit, owner of bike have to pay for fine.demerit points.
    for offences which involves demerit points
    a form will be sent to owner of the bike requesting for particulars of rider who committed the offence
    so if it&#39;s the sub-rider who commited the offence
    im sure the owner can dump in the sub-rider&#39;s particulars etc
    provided he has the info.....

    what happens next will depend on what kind of followup action the subrider would take

    anyway juz my point of view...the owner must have full information of the sub-rider and if possible..obtain a black and white proof or agreement signed by the sub-rider that he will account for all the offences, fine, etc that is commited after date of adding sub-rider to the insurance
    this is to protect the owner frm commiting a foolish mistake juz cause he is kind hearted enough to let his name to be used by the sub-rider so that the sub rider can pay lower insurance premium as well as no need to pay additional interest for reloan...
    while the owner doesnt enjoy any benefits at all
    so if possible...avoid having such owner and sub-rider relations w/ strangers or pple who u cant trust 100%
    u never know when u will kena dua one leg big time and not knowing how u die&#33;

    anyway....when cases such as the subrider refused to accept blame for offences commited by him....the owner can alternatively play bas***d and dua back the fella by simply threatening to remove the name of the sub-rider frm the insurance and take back the bike&#33;&#33; juz kidding......i always thought the only way to deal w/ guai lan pple is to be more guai lan than them
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    hey guys just to check is it possible to ask my father to buy my insurance even though he hab only cls3??? cos i heard that some shops allowed this... ty

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    yes. He can be owner of the bike even though he has no class 2B.
    Just put u as sub-rider.
    As to whether this will be cheaper.. no idea.. cause they also factor in the number riding experience the person has on top of the age.
    Nike - Just do it&#33;

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    huh....
    dint knw can do that
    no licence can own a bike....does that account for why some pple can get to own + ride w/o licence?
    loophole?
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  41. #91
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    i&#39;ve read through the whole thread. would like to ask a question to be sure.

    Say i want to buy a bike from private seller. and i want to put my father as main rider and i am the sub rider.

    so i buy insurance - Father main rider, me sub rider
    then transfer at LTA - Main rider (father) is the owner??

    Then my father need to be present at LTA?
    Can I bring his NRIC and be there with the private seller to complete the transfer?

     

     
  42. #92
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    My bike still got instal.... den I wan to find pte buyer but pte buyer can&#39;t fork out the cash n needs a reloan... how I go abt doin it?
    And aft I find the finance for him, lets say. I left 5k instal, He willing to buy from me at 8k, den the remainin 3k when will I get it?
    I LOVE my R1!!!

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    Originally posted by gnu@Sep 16 2004, 09:17 PM
    i&#39;ve read through the whole thread. would like to ask a question to be sure.

    Say i want to buy a bike from private seller. and i want to put my father as main rider and i am the sub rider.

    so i buy insurance - Father main rider, me sub rider
    then transfer at LTA - Main rider (father) is the owner??

    Then my father need to be present at LTA?
    Can I bring his NRIC and be there with the private seller to complete the transfer?
    for the insurance teh owner which is ur father need to sign the paper work ,if ur father not free u can request to bring back teh paper work for him to sign .

    for transfer of owner ship ur father need not be present just need to bring his ic and the other party ic to transfer of ownership .remember bring valid road tax insurance of new owner and both party ic

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    Originally posted by Andy@Jun 13 2003, 05:01 PM
    ask the owner to change the sub-rider&#39;s name to the new buyer and then you are out of the picture. Its the OWNER and the BUYER who are involved in the bike now.
    Andy... Pls help...

    As mentioned in e quote this is my scenario now...

    E thing is that e owner is my father and any precaution should i take?

    Lets say under e insurance scheme, e owner(my father) is not riding, than all summons and traffic offences pertaining to e bike will be liable for e rider???

    Somemore, since e rider is using my father&#39;s 3rd party insurance, could something be done to stop him from letting ppl claim against ( Maybe black n white ) to be written to NTUC income? Will they accept?

  45. #95
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    Originally posted by Jack@Sep 24 2004, 01:50 PM
    Andy... Pls help...

    As mentioned in e quote this is my scenario now...

    E thing is that e owner is my father and any precaution should i take?

    Lets say under e insurance scheme, e owner(my father) is not riding, than all summons and traffic offences pertaining to e bike will be liable for e rider???

    Somemore, since e rider is using my father&#39;s 3rd party insurance, could something be done to stop him from letting ppl claim against ( Maybe black n white ) to be written to NTUC income? Will they accept?
    Hi.. saw a few of ur postings abt ur situation and hope i can be of help...

    First of all.. it is clear that u are very worried abt letting the Buyer being the sub-rider and thats why u are posting all these in the first place... From what i see, there are only 2 options:

    A) Transfer full ownership to him and have nothing more to do with the bike

    B) Find another Buyer

    What for u want to go through all these trouble and worries for a problem u can choose not to have in the first place? I believe most will agree that its best for ur own interest to completely transfer the ownership over because u never noe what can happen when u add him, a total stranger, as sub-rider.

    Finanically, there&#39;s a risk that he might delay on instalments giving u money problem. Legally, he can juz commit traffic offences which when happen will get ur father, the main rider, into unncessary trouble.

    For your 1st Qns, im not sure abt it so i shall not say much... For the 2nd Qns, i dun think it can be done cause the insurance is supposed to cover both main and sub rider... where got dun let sub rider claim wan? If so then sub rider dun have insurance? Not possible right.... The best way would be to call up the insurance company to check or juz wait for someone who knows the correct answer to come along...

    Anyway, what we can do here is to voice out our views only.. the final decision lies with u eventually... so (Sorry for the long posting&#33

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    Originally posted by R3sistor@Sep 1 2004, 07:34 PM
    yes. He can be owner of the bike even though he has no class 2B.
    Just put u as sub-rider.
    As to whether this will be cheaper.. no idea.. cause they also factor in the number riding experience the person has on top of the age.

    which shops allows sia...i also dunno got this kind of thing...
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  47. #97
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    my bike belong to my dad, im sub under him.
    if i wan to sell to private owner , wad sud i do ?

    go lta ,tranfer bike to new owner ,bring dad ic n new owner ic ? how bout the log card, do i give him after he pay me fully or log card is useless ?

    second cancel insurance n get back &#036;&#036; .

    is tat all ?
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    Originally posted by Non Stop Racing@Nov 23 2004, 12:25 AM
    my bike belong to my dad, im sub under him.
    if i wan to sell to private owner , wad sud i do ?

    go lta ,tranfer bike to new owner ,bring dad ic n new owner ic ? how bout the log card, do i give him after he pay me fully or log card is useless ?

    second cancel insurance n get back &#036;&#036; .

    is tat all ?
    onething you must konw....... a sub rider is NOT the owner of the bike.

    1. buyer need to get insurance for the bike.
    2. buyer/seller and/or any authorise personal bring the log card, buyer and seller&#39;s NRIC, buyer&#39;s insurance for the bike and the letter of transfer to LTA.
    3. the buyer will get the log card from the counter with his/her particular in the log card.

    as for the refund of insurance, it depend of which insurance company the ex-owner is with..... if NTUC Income, you&#39;ll get back 85% of the unuse period and 100% if are any bike within the next 90 days.
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    My bike&#39;s buyer purchased insurance for my bike, but den haven transfer yet due to some reason, can he ride my bike? His insurance already paid n is valid on date
    I LOVE my R1!!!

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    Originally posted by benson@Dec 11 2004, 06:24 PM
    My bike&#39;s buyer purchased insurance for my bike, but den haven transfer yet due to some reason, can he ride my bike? His insurance already paid n is valid on date
    letting you get the insurance 1st is to let you do the transfer at LTA.

    there could be a problem if you have not done the transfer:
    1. met in an accident and the insurance company can refuse to pay the damages.
    2. road tax cannot pay as the owner does not have a valid insurance.
    3. since the insurance is not valid (refer to point 1), the police may take action on it.
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