Loan and Financing for Private Bike Sale

[Limsteel]

Saw this BMW on sale... really interested but to take out nearly all my saving is really not right! I can pay cash but it leaves me with nearly nothing! In case I need to buy an Exhaust or a Tank bra. Or suddenly need money to go tour! Totally no spare cash for other luxuries! Breakfast to Supper still can handle

 

So I need a $5K loan any idea where I can get a low interest rate loan?

 

Mr Singpost Man can loan interest is at 11% per year! Loan $5K need to repay $6.2K in 24moths. abit high! Or is it norm???

[LeXiong]

if take loan from bikeshop i heard max is 9%.. 11% crazy ar

[Limsteel]

DBS Cashline offer ~5.88% loan (which inclusive of the 2% process fee)

Loan ------ 12m --- 24m --- 36m -- 48m

S$04,000 - S$346 - S$183 - S$138 - S$111

S$06,000 - S$519 - S$274 - S$207 - S$167

S$08,000 - S$692 - S$366 - S$276 - S$222

S$10,000 - S$865 - S$457 - S$345 - S$277

[alifk69]

dbs very strict requirements leh..

 

i earned just over 30k for 2008 still cannot approve.. and i never take loan anywhere sumore.. only 1 bike loan..

[swat_]

been looking for bike shops dat those loans...

 

so far these are the only shops that does it....

 

BIKE PRODUCTION 5% interest but only for bikes not > 5 yrs

WING FATT same cond as BP

DIRT WHEEL no details just as yet.... only say gt $300 + $120 dunno what fee plus must buy ins from them....

 

heard DILI, HME also does reloan...

 

hmmm the scavenge shall continue.....

[swat_]

been looking for bike shops dat those loans...

 

so far these are the only shops that does it....

 

BIKE PRODUCTION 5% interest but only for bikes not > 5 yrs

WING FATT same cond as BP

DIRT WHEEL no details just as yet.... only say gt $300 + $120 dunno what fee plus must buy ins from them....

 

heard DILI, HME also does reloan...

 

hmmm the scavenge shall continue.....

[Limsteel]

Another way... if there is anyone with Cash and wants to buy something at Courts or Harvey Norman or best denki...

 

The person can who needs the money can sign (Visa Card) a 0% installment to buy certain product that the CASH Rich Person needs. In return the cash rich gets a Discount 5% (neg, seems reasonable as Cash Line offer 5.88%)

 

As the installment is paid to the bank. During defaulting of payment, the bank will go after the person who Signed for the item! So person handing over the cash got nothing to loose...

 

Win-Win situation, Person with cash gets discounts on the product he wants and no worries about item being repo incase of default payment. Person without cash get 0% interest loan, while only need to pay 5% (neg) of the principle amount.

 

Anyone, wanna work with me? e.g You need a LCD TV $5000, you give me 4750... I sign up Credit card interest free installment! You save $250 and I get a much needed loan! like that also can!

[hongwei09]

Another way... if there is anyone with Cash and wants to buy something at Courts or Harvey Norman or best denki...

 

The person can who needs the money can sign (Visa Card) a 0% installment to buy certain product that the CASH Rich Person needs. In return the cash rich gets a Discount 5% (neg, seems reasonable as Cash Line offer 5.88%)

 

As the installment is paid to the bank. During defaulting of payment, the bank will go after the person who Signed for the item! So person handing over the cash got nothing to loose...

 

Win-Win situation, Person with cash gets discounts on the product he wants and no worries about item being repo incase of default payment. Person without cash get 0% interest loan, while only need to pay 5% (neg) of the principle amount.

 

Anyone, wanna work with me? e.g You need a LCD TV $5000, you give me 4750... I sign up Credit card interest free installment! You save $250 and I get a much needed loan! like that also can!

 

a well though of idea..but singaporeans very skeptical one..

[Limsteel]

Someone offer me 15%...I am very grateful to you! but I might as well get a loan from bike shop...

[scubasimon]

actually, what he proposed is truly win-win because the person who has the cash also gets everything he needs. if the fella who signs on the credit card cannot pay the card company for installment, the card company goes after him, not the fella who paid cash.

 

i think looks quite safe.

[gwzc_mk2]

u got try hitachi finance?

they offer motorcycle loans.

for bikes not more then 8yrs

and above 800cc

i think is 3-4% interest

and a $50 processing fee iirc

[Simply80Chup]

all this if only the bike is no longer on hire purchase.

 

u got try hitachi finance?

they offer motorcycle loans.

for bikes not more then 8yrs

and above 800cc

i think is 3-4% interest

and a $50 processing fee iirc

[welly]

whats the advice on hitachi credit?easy to apply?

[SK I]

Hi guys, I am also considering Hitachi credit.

The terms below state:

 

Eligibility

 

Your Eligibility for applying our Vehicle Finance are below:-

 

Must be a Singapore Citizen or Permanent Resident

Must at least 21 years old and below 60 years old

Annual income at least S$24,000 and above

Your current employment at least 1 year, or for self employed at least 2 years

Current resident address should be your owned premises or legal occupier (No rented premises)

 

 

May I know if anyone loan without meeting all the pre-requisites??

[theblackmamba]

wah $5000 to spend at courts is a bit much leh.

[ragu24]

hey bro out there anyone can suggest if a student who works part time can take loan anywhere...? any suggestions?

[ryannjh]

I saw this online duno if it will help.. I am looking for a financing loan too.

http://singapore.gumtree.sg/c-Cars-Vehicles-Motorbikes-Parts-other-CAR-LOAN-VEHICLE-LOAN-VEHICLE-LOAN-INTEREST-RATE-W0QQAdIdZ194534525

 

Vehicle Loan Available @ 2.28%

CAR LOAN / VEHICLE LOAN / VEHICLE LOAN INTEREST RATE

 

Buying a 2nd hand car from others??? take over your friend car??? or buying a car from direct owner???

Don't worry, we can help you to settle all the transaction, finance loan application, vehicle transfer, insurance and fullsettlement.... Just give me a call or sms me @ 8188 2992 or email to [email protected] for further detail.

We offer lower interest for all type of vehicle / car.

Interest rate from - 2.28%

If all requirement document are in order, you are able to get your loan approval in less then 3 hours time.

[xXxRatedxXx]

post delete... didn't use the "search" function properly

[S750WP]

Just to update.

 

DBS cashline is 6.8% per annum + 2% admin fee (Earning > 30,000 per month)

http://www.dbs.com.sg/personal/cashline/instalmentplan/default.page

 

Hitachi Credit

Loan amount > $20,000

Bike less than 9 years

Edited July 5, 2013 by S750WP

[nor]

Any others? Most if your pay less than 20k they loan max twice you avg pay. Looking to finance my next purchase but my pay not much leh...

[ahch0ng]

up for any new information?