re-loans

[Lyth]

hi there, i duno if ima posting @ the right track but ...

 

can anybody tell me where to get re-loans @ the lowest interest rate ?

are the banks offering a better schemes than the motor shops ?!

[BlackBandit]

Dude,

Do a search laaa... Re-loans can get at Hitachi Credit. Motorshops are less than willing unless you put a hefty downpayment.

[Lyth]

Dude,

Do a search laaa... Re-loans can get at Hitachi Credit. Motorshops are less than willing unless you put a hefty downpayment.

 

tts y im tryin to research over here - cos seems lk nobody knows where to get re-loansss .. btw, can u pls elablorate the wat Hitachi credit ?

[BlackBandit]

Hitachi Credit is a loan facility like GE Money. They do study and vehicle loans. However, they need you to down 10% of the bike price however this can be manipulated when you bump up the selling price of the bike. However, the loan is restricted to Class 2a & above. Interest is about 4.75% per annum.

 

http://www.hitachi-capital.com.sg

 

If bike shop, it will depend. If the bike is popular, they might consider subject to their valuation of the bike. However, insurance and other what nots you will have to foot upfront. They will only re-loan the machine price of the bike. The rationale is since they provide the loan, they would safe-guard themselves in case you default on payment. If the price of the bike is inflated and they have to repossess it, they'll make a loss.

 

Hope this will be clear enough for you.

[Lyth]

Hitachi Credit is a loan facility like GE Money. They do study and vehicle loans. However, they need you to down 10% of the bike price however this can be manipulated when you bump up the selling price of the bike. However, the loan is restricted to Class 2a & above. Interest is about 4.75% per annum.

 

http://www.hitachi-capital.com.sg

 

If bike shop, it will depend. If the bike is popular, they might consider subject to their valuation of the bike. However, insurance and other what nots you will have to foot upfront. They will only re-loan the machine price of the bike. The rationale is since they provide the loan, they would safe-guard themselves in case you default on payment. If the price of the bike is inflated and they have to repossess it, they'll make a loss.

 

Hope this will be clear enough for you.

 

 

wOw , hey .. thanks alot man ! ur amazingg =]