installment or full cash? trouble!

[ImEG]

i bought my moto at S1.. i don noe wanna pay full cash or conti the installment... can anyone enlighten me?

[amano]

If can pay full cash why drag.... Just my opinion. Think properly before you make your decision.

[RageMyDream]

Full cash save u some Interest%

[zHonG_85]

if got full cash pay full cash its good... no worries every mth... save de hassle of going down to ur motor shop every mth...

[shahrul_azmil3]

u save A LOT by paying full cash ........

[Arcfire]

And your bike becomes a possible asset to you in case of emergency when you need $$. If you happen to have financial problems, you might even have to pay the bike shop to push the bike in if its under loan.

[ImEG]

save some interest% really save some? i thou pay installment muz pay the full amount...

[ImEG]

Den if i sell away... as in trade in for other bike its better to still having installment or full cash?

[lawrence21]

It is always better to pay full cash as you save on the interest that you have to pay if you took a loan.

 

What gave you the idea that it is better to take a loan if you are going to trade-in your bike? (not being hostile, just a question out of curiousity cuz i also dunno)

[ImEG]

Originally posted by lawrence21@Nov 24 2006, 02:01 PM

It is always better to pay full cash as you save on the interest that you have to pay if you took a loan.

 

What gave you the idea that it is better to take a loan if you are going to trade-in your bike? (not being hostile, just a question out of curiousity cuz i also dunno)

nonono wat i mean i have already loan... 3month... now i wanna pay full cash amount... izzit same as payin installment? i mean the total amount i spend on buyin the bike

[chiaki]

Originally posted by imeugene@Nov 24 2006, 02:06 PM

nonono wat i mean i have already loan... 3month... now i wanna pay full cash amount... izzit same as payin installment? i mean the total amount i spend on buyin the bike

i think in ur case~ paying the full amount now would also require the installment interest... so u really do need to consider the cost~

[ImEG]

Originally posted by princess_chiaki@Nov 24 2006, 02:24 PM

i think in ur case~ paying the full amount now would also require the installment interest... so u really do need to consider the cost~

tats why im wondering...

[d0n]

Originally posted by imeugene@Nov 24 2006, 02:27 PM

tats why im wondering...

try checking with the bike shop~

maybe got interest rebate if u clear the installments now? maybe lar. not confirm~

there's no harm asking right?

 

if dont have rebate and u r pretty sure u wont spend yr $$ elsewhere, then pay off the installments bit by bit lor. use the spare cash (the amount of money u have to clear remaining installments) for other investment purposes or something

[chiaki]

Originally posted by imeugene@Nov 24 2006, 02:27 PM

tats why im wondering...

if u have the cash to spare, can consider paying a few months in advance~ and keep the rest in case of emergencies...

 

most people pay a few months in advance to lessen the hassle of goin to the shop every month~

 

 

perhaps u might wanna consider the full-payment upfront when u get ur next bike~ coz if u've gotten it under installment, u still have to pay interest if u wanna do full-payment after a few months (like what u're considering now)

 

[ImEG]

so trouble..

[chunkie]

bike shops/finance companies should not be charging the interest component/"penalty" (

[Arcfire]

Originally posted by chunkie@Nov 24 2006, 02:53 PM

bike shops/finance companies should not be charging the interest component/"penalty" (

Can't be help, if you don't check before you sign on the dotted line there's pretty much nothing that you can do about it.

 

So you might wanna check with you bike shop if you will get a rebate of the interest or they charging you a penalty.

 

If there is a rebate by all means pay up and enjoy your ride.

Else use the money on hand wisely to reduce your losses due to the interest.

[ImEG]

Originally posted by Arcfire@Nov 24 2006, 03:40 PM

Can't be help, if you don't check before you sign on the dotted line there's pretty much nothing that you can do about it.

 

So you might wanna check with you bike shop if you will get a rebate of the interest or they charging you a penalty.

 

If there is a rebate by all means pay up and enjoy your ride.

Else use the money on hand wisely to reduce your losses due to the interest.

thanx