Need Biker Help

[devilord999]

Hi All Bro All there

 

Need ur advice abt motor installment thing.. my frene drive a super 4. and his bike was tow back to motor shop due to never pay installment for 2 months. and now the motor shop wan to take legal action to him... before that he was told to pay the motor shop 9k plus to stop the legal...

 

Can anyone advice my frene>>>>>

[rezz_shaz]

9k is the full repayment for bike?????

[devilord999]

ya... if he pay the 9k plus... they will stop the legal action... total he own the motor shop 15k plus after add in lots of things like storage free ect... my frene they take in 6k plus.. so he got to pay the 9k..

[sinner0_5]

normally bikeshop wun go to tat extreme for tat little money unless ur fren provoked them.Probably jus scaring him.

Well jus pay them bk the oustanding 2 months u own them and plus the tow charge they will jus release the bike.which bike shop aniway?

[Peter.Ho.1200RT]

Usually just pay the repo/tow fees + outstanding installments should suffice..maybe a little extra thats all..but if 2 mths outstanding and they want your friend to pay $9K plus is daylight robbery..unless the $9K plus is for full settlement..

you can also complain to CASE if you suspect any inconsistency from the bike shop.

[theblackmamba]

must pay installment then late fees storage charges towing charges and admin charges lor.... btw which shop is it?

 

usually can discuss these things just say u will pay up the installment plus 3 more months or something in advance cos if they repo the bike means ur friend die liao

[leong77]

Best is to stay clean and pay installment promptly. If we stand in the shoes of these motor tiams....we also will be pissed if ppl owes money never pay,..

[bunny_hui]

wow 9k men !!

[DannyCrane]

from what the TS said, 9k is to settle everything. His fren owe the shop 15k plus, then the shop take in the bike for 6k plus. So the fren still need to pay the shop outstanding of 9k.

 

why don't sell the bike to another bikeshop or buyer who can buy for more than 6k?

 

1k more and the fren can go bankrupt liao...

[BlackDawn]

why don't sell the bike to another bikeshop or buyer who can buy for more than 6k?

You can't sell a bike that is under hire purchase. LTA transfer will be blocked.

 

It seems well within the bike shops right to demand full repayment, although the amount may be disputed.

Too many people sign hire purchase agreements without realizing the consequences of default payment.

 

Tough luck.

[devilord999]

The 9k plus is the full settlement.. but the bike is not ur ... so guys.. wat should my frene do?????

[devilord999]

my frene brought at speedway.... u all guys think the trying to scare my frene or?? if my frene wan to take back his motor.. he need to pay around 3k plus...

[chuan.z]

Scare tactic or not, as long as owe money, pay money. From what you have said so far, seems that your friend can hardly afford the bike.

 

If the bike shop has given option to pay $3k and continue the installment (another $12k), then take it up.

If he doesn't wish to ride anymore, then cough up the $9k and call it a very expensive lesson learnt.

 

As BlackDawn mentioned, the bike under hp cannot be sold to third party. So your friend has to make the call of what he should do.

 

If your friend still chose to ignore the shop, then the $9k will very fast roll into $10k (send a couple of lawyer letter + interest charges) and things can get really ugly from there.