full-payment

[bluelabel]

-explain in a simple method-

ok lets say , my montly installment is $100 for 24 months.

then i have paid 6 months installment , that means left $1800(18months) , if i now intend to pay everything in full , got discount or not ar? i still must pay $1800 ar?

[hhe]

its still the same bro. some shops may even charge u for early settlement

[YEN96]

Originally posted by bluelabel@Oct 26 2006, 03:08 AM

-explain in a simple method-

ok lets say , my montly installment is $100 for 24 months.

then i have paid 6 months installment , that means left $1800(18months) , if i now intend to pay everything in full , got discount or not ar? i still must pay $1800 ar?

usually dun have ......a minority might though

 

BUT dun understand why must pay more for early settlement

 

dun make sense leh ......

[Lass]

Originally posted by YEN96@Oct 30 2006, 10:03 PM

usually dun have ......a minority might though

 

BUT dun understand why must pay more for early settlement

 

dun make sense leh ......

they will loose out on e interest so it's not surprising tat they will make u pay more to compensate for it.

[Flaky_Boi]

Originally posted by YEN96@Oct 30 2006, 10:03 PM

usually dun have ......a minority might though

 

BUT dun understand why must pay more for early settlement

 

dun make sense leh ......

Its jux 1 of the clauses which helps them make more money....

[BlackDawn]

ASPhoon gave me a rebate when I settled my Hire Purchase early.

 

Not too sure how they calculated, but I owed 5x$147=$735. Paid $712.5 for full settlement.

[Aie]

Originally posted by Lass@Nov 5 2006, 02:37 PM

they will loose out on e interest so it's not surprising tat they will make u pay more to compensate for it.

If you settle everything as agreed in the contract, they where got lose out on interest? Eg : $370 x 24 = $8880 whereby the $370 for 2 years is inclusive of interest. The bikeshops don't lose out. They get the money earlier some more...

[mat-vtech]

ya agreed..as long as they dun lose out i dun think they care.definately they wont offset the interest..if i strike lottery i also willing to make full settlement.if possible,i dun want to be tied down to loans..every mth have to put aside for loans..haiz..how to save enouff???hahaha

[Flaky_Boi]

Ya... Although they dun lose out on anytin... Isnt dis a great chance for them to earn more.... They get to receive the full settlement plus more cash....

[Zkia]

Depend on which bikeshop, mine can give some discount somemore.

[YEN96]

Originally posted by Aie@Nov 5 2006, 04:24 PM

If you settle everything as agreed in the contract, they where got lose out on interest? Eg : $370 x 24 = $8880 whereby the $370 for 2 years is inclusive of interest. The bikeshops don't lose out. They get the money earlier some more...

yeSh correct bro exactly wat i am implying

 

the bike shops got NO C*W Sense 4 g*D sake