COI enquiry

[shiro]

hi guys ,

would like to know the procedures of getting a bike through COI , currenly i am interested to carry on the instalement and there fore take over the ownership of the bikes , so does that mean i am carrying on the owner instalement or can the bike to transfer to me first ?

am i the owner or the orginal owner the owner of the bikes which is still under instalement ?

 

any bros with related experiences can share his/her experiences regarding this as this is the first time i handle COI/ purchase of bike myself

 

I am awaiting for the seller to ask his bike shop regarding this issue , but i do hope to know abt COI to prevent any mishandling or whatsoever, money hard to earn these days

 

thanks in advance for any replies:)

[IvikaRazI]

You may really want to use the search function. It does wonders......

 

http://www.singaporebikes.com/forums/showthread.php?t=260526

[shiro]

thanks for the replies....was quite sad that transfer of ownership cannot be done ... tat applied in my case...

 

any bro here have positive example to encourgae me to take up the COI , so far i see the forum is negative example

 

anyway ..i have heard some have "black and white" ...contract kind of thing , is a normal self written paper sign by both party enough to warrent my ownership of the bike , ...

need enlightenment from the senior here..

[IvikaRazI]

thanks for the replies....was quite sad that transfer of ownership cannot be done ... tat applied in my case...

 

any bro here have positive example to encourgae me to take up the COI , so far i see the forum is negative example

 

anyway ..i have heard some have "black and white" ...contract kind of thing , is a normal self written paper sign by both party enough to warrent my ownership of the bike , ...

need enlightenment from the senior here..

 

The B&W will not be honored by the shop. So in the end the shop will only recognize the owner to be the other party and not you.

 

One ways is to re-finance the bike and transfer the ownership to you. It may cost a bit more now, but will have peace of mind in the future.

 

In the end, you have to make the decision.