Need help for bike loan

[h4hahak1m]

Ok guys i need help on my current situation.

 

I have a bike a 1 yr old bike, when i bought the bike, it was still quite new in the market so i paid a total of 24k. That was the total for the downpayment and the installments. I took a 5 year loan of 400+ per month and now i paid like 13 months already. Total paid is 5k+. So now i wanna sell the bike because of financial reasons, the shop wanna take in the bike for 10k, that was what they quoted for the market price of the bike now. So i have to top up another 4.5k plus another 1k for admin and paperwork (WTF?).

 

So i asked if i traded in for another bike, how much would it cost. They said if i took an X1, i would have to pay 200+ per month for another 4 years. Thats like another 10k+ (Another WTF?).

 

 

So yeah i'd like to ask more knowledgeble people out there what are my options. Btw the bike is an R6 08. I dun think it's smart to settle a loan with another loan so what are my options? Thanks people.

[sICkbOi-dOt-cOm]

What shop? What my friend's normally do is just push it back to shop..

Other option is let someone COI ur bike, a trustworthy person that is.

OR just LLST and pay monthly...

[h4hahak1m]

Yea push to shop must pay 4.5k

[zeke uchiha]

maybe can find someone who is interested in ur bike... then get the shop to transfer ownership and he will coi the bike...

 

Transfer fee+admin+3 months installment...if i'm not mistaken...

 

Check with your bike shop 1st...

 

Hope it helps bro...

[sICkbOi-dOt-cOm]

its been a long time since i've watch naruto... RASENGANNN!!!!

[h4hahak1m]

Any other options?

[zeke uchiha]

its been a long time since i've watch naruto... RASENGANNN!!!!

 

inspire me la bro the anime...not the chakra part la...

 

Anyway TS, i think the options for you is abit limited but do consider what the rest have suggested...could be a blessing in disguise...as it is for me...

 

Good luck man..