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Does COI need guarantor?


papi miloson

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On 8/27/2022 at 11:34 PM, papi miloson said:

If Guy A selling bike 3k + COI monthly and Guy B want buy like that, he give 3k and can ride already is it?
Or is there a need for Guy B to have a guarantor? 

P.S. I understand the risks of COI but keeping my options open

usually guy B doesn't need any guarantor.. cuz there's no need for guy B to liaise with the bike shop.. Guy B just need to pray hard Guy A doesn't break his/her promise.. (Written confirmation is all just between Guy A/B) no legal enforcements on that..

Several Situations 

1) Guy A - turn back on words after full paid, bike still belong to Guy A (VERY COMMON)

2) Guy B - break any offences - Guy A received them and Guy B claimed paid but Guy A still received reminders (Also common back in my days)

  • Like 1

Kindly read thru at least the intro section first before decide to post any comments.... thanks... :cool:

 

Please proceed to this website/web link if you guys have any technical issues on Kawasaki Kips/KR150, I'll update the 1st POST as and when there's a new question. Newbies questions on the top as well. :)

 

 

 

http://www.singaporebikes.com/forums/showthread.php?p=6285055#post6285055

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