Buying a motorcycle.

[shela27]

Hi guys,

 

I've been searching around the forum but I couldn't find what I was looking for. I have a friend that have been bugging me about getting a bike with moneylending history if it will affect her in getting a loan for a new bike. I ride a bike myself but I'm not sure on how to answer her.

 

So basically she have a bad history with moneylender and she wants to get a new bike from a bike shop will getting a loan from a bike shop affect her?

[pufferfis]

maybe u can ask ur fren to get a credit report so can access chances of getting a loan?

 

https://www.dpcreditbureau.sg/BuyReport1.aspx

 

or save up for a few months and pay that new or second hand bike cash?

 

cheers

[shela27]

maybe u can ask ur fren to get a credit report so can access chances of getting a loan?

 

https://www.dpcreditbureau.sg/BuyReport1.aspx

 

or save up for a few months and pay that new or second hand bike cash?

 

cheers

 

Thank you pufferfis Ive already informed her about this and she told me she saved up about $3679 for downpayment for the bik shes getting and the rest will be done via installment I hope that with her loan history it won't affect her purchase. thank you again.

[pufferfis]

coool....with that amount and a k more can get a good second hand class 2 bike yo.....

[karedi]

Shela27,

 

The credit history sort of gets reset every 2 years. Mine was really bad. Settled all my debts and waiting for my history to clear. Hopefully it'll work out fine for your friend.

 

 

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