Buying Gilera ST200 From S1 Motoring

[MdFarEast]

hello fellow bikers, i need a little tips . last week i went to the bike shop S1 motoring at ubi . I look for the salesman (Ong) . I told him i wanna get the gilera ST200 with coe left 8 years. He says the machine price now is 9.5k . So i agreed to get the bike and he proceed to do some calculations for the installments . I pay the downpayment for 1k only and i tie 4 years installment which cost me 260$ monthly . You guys think Ong did con me? And some more he ask me to collect the bike 3 weeks after . Is it normal or something wrong? I need some advice and tips .

[hondaoftroy]

hello fellow bikers, i need a little tips . last week i went to the bike shop S1 motoring at ubi . I look for the salesman (Ong) . I told him i wanna get the gilera ST200 with coe left 8 years. He says the machine price now is 9.5k . So i agreed to get the bike and he proceed to do some calculations for the installments . I pay the downpayment for 1k only and i tie 4 years installment which cost me 260$ monthly . You guys think Ong did con me? And some more he ask me to collect the bike 3 weeks after . Is it normal or something wrong? I need some advice and tips .

 

 

assuming the interests for an 2nd bike market rate is 10%

4 years installment = 10% x 4 years = 40%

 

Bike - $9500

Interests - $3800 = 40% of $9500

Total - $13300 = $9500 + $3800

Deposit - $1000

Balance - $12300 = $13300 - $1000 (deposit)

 

Payment - $256.25 = $12300/48 months

 

 

** caluclation does not include Insurance, Road Tax, Inspection, transfer of ownership and admin fee hence might be more

 

 

I don't think he con you, the calculation is more or less there.

3 weeks is abit long, are they doing a maintenance or check on the bike before the hand over to you ?

Edited July 20, 2015 by hondaoftroy

[kawarides]

Wow... 2 years old bike cost 9k now.

Did he brief you on early settlement fees if there is any ?

[hondaoftroy]

btw how much is a new runner cost ? paying 40% interests for and old bike sometimes its better to get a new bike if the price is not very far off

considering

 

1. new machine

2. got warranty

3. lower interests (usually 4% only)

4. no need inspection for 3 years

[zalk]

btw how much is a new runner cost ? paying 40% interests for and old bike sometimes its better to get a new bike if the price is not very far off

considering

 

1. new machine

2. got warranty

3. lower interests (usually 4% only)

4. no need inspection for 3 years

 

Paper value higher somemore. Resale value also better because of this.

[MdFarEast]

yes there is, early settlement fee 800$