reloan?

[dixon1990]

how does it works?do we get it from bike shops?lets say i wanna purchase a bike from someone..bike fully paid and seller request full payment..by i dun have full cash atm..how do i get reloan? i know nid a person over 21yrs old to granatee dat u will pay..

 

care to give me more details?

tks..

[Giles-Damien]

how does it works?do we get it from bike shops?lets say i wanna purchase a bike from someone..bike fully paid and seller request full payment..by i dun have full cash atm..how do i get reloan? i know nid a person over 21yrs old to granatee dat u will pay..

 

care to give me more details?

tks..

 

bring the bike u wan to buy to the bike shop u wanna do reloan for them to survey... the wont loan u full amt but about 75%... den thru that 75% they will deduct here n there... let say u need to pay the buy $8k for the bike... n they willing to loan $7k to you, u maybe end up getting $5+k cash only.. so u still need to topup $2+k to the seller... bear in mind that interest rate for reloan at bike shop are the highest... some at 8% even higher than buying 2nd bike from bike shop straight...

 

but if u wan to buy a class 2 bike can try hitachi credit... interested rate ard 4.8%.... same time they only willing to loan 75-80% of bike value

[dixon1990]

hmm..how does the intrest rate varies over time?lets say i wanna get a loan for a 2.5k SP and they loan me 75-80% of it..which is 1.8k..but i wanna pay it withtin 6mths will the intrest rate be higher?

[MistraL]

any1 know any shops willing to do reloan for SP ?