For people who had done reloan before!

[papermk]

hi would like to ask some questions regarding reloan.

 

must the bike and the previous owner be around for the reloan?

and i have one scenario to ask, like lets say, im buyign a bike for $2700, den the shop would only loan me $1800.

does it mean if the price is higher, i could reloan more than $1800 thou its the same bike?

if thats the case, is it possible to conspire with the seller, fake the shop that he is selling for $3200 when its actually $2700, so that i'll be able to get more loan.

 

i would really appreciate for the help rendered if you guys do response.

thanks in advance, cheers!

[Andox]

Bike shop value your bike 1st then loan you + interest....If they say its worth 1800...no matter how you conspire ...they still loan you the amt they value eg:$1800....you have to top up the difference....

[Ah jian_82]

The quotation to ya is the value of the bike presented to them. Both owner and buyer must be there as to facilitate the process of transfer via the bike shop. Therefore by telling them higher value, they will still loan ya 1.8k maximum. Hope this information helps. Btw i done it before with BP.

[LaVsy]

btw BP got agreement fee? transfer fee? watever fee?

 

and how much is it

[Ah jian_82]

transfer fee is dependent on the cc of the bike. U can call to LTA to ask. insurance must get from them. As for agreement fee i forgotten le but there was no gst. Best is to give them a call for further enquires. All i can say is that the service was fast for mine as I gotten my bike the nxt working day. Oh there was of cos the interest rate as well and if the road tax requires renewal, they will also do it for you.

[Andox]

If im not mistaken there is transfer fee of your vehicle in the onemotoring website but u got to have singpass to log in and check ....agreement should be abt $200(dun quote me)...

[papermk]

oh i get it now, thanks alot man.

which means what? if today i go down settle, when can take the bike.

[Ah jian_82]

oh i get it now, thanks alot man.

which means what? if today i go down settle, when can take the bike.

 

 

For BP, if u settle today, most likely would be the nxt day or 2 days later. As for the others i would not know. Good luck bro

[ET]

BP is efficient in their paperwork and i can gurantee that because 2 times i have asked for reloan on a seller and buyer basis and they are quick, everything is calculated in black and white.

 

What you need to know is there is tx fee, agreement fee and your insurance which you need to pay.

[hitman]

so other than BP any idea any other bikeshop do reloan?

[chocolatejay]

so for a bike reloan basically if a person lets say sell me bike 2k, bike reloan they quote 1.5 k..i juz have to top up the difference??then the agreement fee have to give extra on top of the top up??then the road tax and insurance is get seperately or wad?please advise..