S.O.S!!! Pls advise.. Thank u.

[AnO]

Hi All, will need u guys advise n suggestions.. 

Due to family and financial issues, I'm now stucked and have not being able to pay my instalments which have already exceed 5 mths currently. Its really worrying and I'm feeling helpless. 

Is it possible for me to sell or trade in the current bike (class2) to class 2B bikes with the current situation? Bt which shop is willing to take?

Getting a 2B bike I could sign up for Food Panda or Grab Food as part-time so as to help out with my current financial matters. 

What do u think? Pls advise.. 

Thank u in advance..

[DRZ_b0i]

@AnO sorry to hear about your situation brother.. you can approach most bike shop to see if they are willing to trade in your bike for a one of lesser value so that you can take some cash back (depends if you have loan outstanding or not)

or you could just try to sell your bike here in the bikemart or something.

actually u dont have to get a 2b bike to start doing food delivery... you can sign up now and start doing with a bicycle or even your class 2 bike to start earning some income first.. 

may i know what class 2 bike u riding now?

[JJBuBBle]

@AnO Due 5 month, you will need to calculate the outstanding settlement plus overdue interest charges and put up for sale. If outstanding is too high, you may need to let the bike shop sell it off and continue to pay off the outstanding.
You dont have much option and only choice to me is to let go of the bike as soon as possible and free yourself from the debt in long run..
 

[AnO]

23 hours ago, DRZ_b0i said:

@AnO sorry to hear about your situation brother.. you can approach most bike shop to see if they are willing to trade in your bike for a one of lesser value so that you can take some cash back (depends if you have loan outstanding or not)

or you could just try to sell your bike here in the bikemart or something.

actually u dont have to get a 2b bike to start doing food delivery... you can sign up now and start doing with a bicycle or even your class 2 bike to start earning some income first.. 

may i know what class 2 bike u riding now?

Thanks bro.. Currently Hayabusa bro. 

[AnO]

19 hours ago, JJBuBBle said:

@AnO Due 5 month, you will need to calculate the outstanding settlement plus overdue interest charges and put up for sale. If outstanding is too high, you may need to let the bike shop sell it off and continue to pay off the outstanding.
You dont have much option and only choice to me is to let go of the bike as soon as possible and free yourself from the debt in long run..
 

Noted bro, will really consider it. Tqsm

[deathadder]

Sorry to hear about that bro. 
I also have a curious question, I was looking at SGBikeMart and I saw Harley Davidson bikes 750cc selling at 10-15k and super four selling at a much higher price. 

Can someone explain to me how come super4 more exp?

[JJBuBBle]

20 hours ago, deathadder said:

Sorry to hear about that bro. 
I also have a curious question, I was looking at SGBikeMart and I saw Harley Davidson bikes 750cc selling at 10-15k and super four selling at a much higher price. 

Can someone explain to me how come super4 more exp?

@deathadder  So far for brand new bike, Honda SF is about 1K lower than HD Street, now unsure.
For brand new Bike, you will have to check:

• What year was the price published?
• What does that price cover? E.g; Inclusive of COE (Calculate the all in ride off price will be best.
• What year & version of production
• Depreciation Value

For pre owned check the following;

• Year Registered and balance Years to end of COE
• COE Value at date of Bid & Bike Value.  Taking into consideration of depreciation and balance (unused years)
• Bike Model & Version (Some bike have special version which will be extra or limited edition
• What accessory have been mount or upgraded.  Seller will factor in the amount on top of the estimate value of the bike 
  E.g; New Tyre, Renewal Road Tax, New Paint Work, Overhual Servicing, Top Box, Side Panel, Branded Brake Level and etc etc etc....

So it will be up to the buyer, if all those addon or accessory and etc are up to buyer's expectation or needs.
 

[SBF]

23 hours ago, deathadder said:

Sorry to hear about that bro. 
I also have a curious question, I was looking at SGBikeMart and I saw Harley Davidson bikes 750cc selling at 10-15k and super four selling at a much higher price. 

Can someone explain to me how come super4 more exp?

Supply and demand too. Super4 is a VERY popular bike that has high demand thus better resale value.

The HD bikes might be great but a lot of people are worried about maintenance cost, depreciation, etc thus their 2nd hand values will drop faster. Not to mention HD bikes have a higher road tax, insurance costs, etc.

Popular bikes like XMAX, Aerox, NMAX, ADV150, CB400, all hold their values decently well.

But at the end of the day, buy what you like and enjoy the bike!

[DRZ_b0i]

On 12/12/2020 at 12:05 AM, deathadder said:

Sorry to hear about that bro. 
I also have a curious question, I was looking at SGBikeMart and I saw Harley Davidson bikes 750cc selling at 10-15k and super four selling at a much higher price. 

Can someone explain to me how come super4 more exp?

u mean new or brand new?

[Prince8878]

5 months accrued and not repossessed? 

[SBF]

On 1/4/2021 at 10:35 PM, Prince8878 said:

5 months accrued and not repossessed? 

Usually how long before they repossess?