trade in bike when under installment with shop?

[zimmer]

hello guys,

i would like to ask if its possible to trade in another bike and just carry on installment without any charges? because my installment is for 2 years and im planning to change to another bike maybe after a year when im renewing my insurance. the bikeshop is asp btw. thanks guys! (:

[Guest johjoh]

bro, it depends on how much u owe the remaining instalment and how much they wana take in ur bike as trade-in.

 

eg. u got 12mths of instalments ($100/mth) left, i.e. u owe them $1200. But the bikeshop only take in ur bike at $1000. So working out the sum, u still need to pay them $200 for them to take in ur bike.

 

Another case would be the value of trade-in exceed ur outstanding instalment. In that case, watever left after minusing off the outstanding instalment would be used to top up for ur new bike.

 

Hope i made myself clear.

[zimmer]

bro, it depends on how much u owe the remaining instalment and how much they wana take in ur bike as trade-in.

 

eg. u got 12mths of instalments ($100/mth) left, i.e. u owe them $1200. But the bikeshop only take in ur bike at $1000. So working out the sum, u still need to pay them $200 for them to take in ur bike.

 

Another case would be the value of trade-in exceed ur outstanding instalment. In that case, watever left after minusing off the outstanding instalment would be used to top up for ur new bike.

 

Hope i made myself clear.

 

ahhh okayy, thanks alot for the info bro.