newbie wanna buy bike

[sws32]

Hi,

 

I wanted to buy a 2nd hand bike and is looking at getting it from a shop (instalment). I know that shop settle all the documents like transfering and buying of insurance for us. I have some questions:

 

1. Any extra admin fees for all that? And how much?

2. Which company of insurance will they take? Can we choose ourselves?

3. I know that it takes 2-3 days to settle before I can take the bike home, is it possible if i can drop by LTA myself etc and get the bike straight?

[mechwira]

1)Depends entirely on the shop. LTA's transfer fee is only $11, not including road tax payable.

 

2)Which insurance company, depends on the shop. Can choose or not, if instalment, generally cannot choose. if full cash, it is your right to choose.

 

3)No. Admin must be done by shop. Whats the hurry?

[Sky99]

Why not get it from private seller?

 

You can ride the bike on the spot after transfer at LTA.

[sws32]

1)Depends entirely on the shop. LTA's transfer fee is only $11, not including road tax payable.

 

2)Which insurance company, depends on the shop. Can choose or not, if instalment, generally cannot choose. if full cash, it is your right to choose.

 

3)No. Admin must be done by shop. Whats the hurry?

 

 

Depend on the shop? How much can they charge? lol $100? Road tax payable?

[sws32]

Why not get it from private seller?

 

You can ride the bike on the spot after transfer at LTA.

 

Not enough cash for private seller. thats y going for shop.

[mechwira]

Depend on the shop? How much can they charge? lol $100? Road tax payable?

 

sure you can laugh about it now, but wait till you encounter a shop which throws up a smoke grenade with a low price tag but all sorts of admin fees come in. so go ahead and laugh....

 

on top of LTA admin fee of $11, you are also required to pay for the balance of the bike's road tax on the spot.

[skyblueblue]

Think lump sum figure for settling everything. Should be $300 onwards.

If $0 d/p then everything like insurance, road tax and admin fee get interest. Not sure if they allow now. Usually they will tell u at least few hundred upfront.

 

Easiest way to find how much u over pay is to add the installment up.

 

Anyway years back when still buying bike from shop everything in house. Everything sure over charge.

 

If u r comfortable with the installment then go ahead. As long as u Dont sign on the dotted line can always walk away

[skyblueblue]

Btw most bike shop settle very fast cos they can do it online. Morning buy afternoon can collect.

 

Happy hunting. Just don't listen to the BS they promised

[Jehuty]

Not enough cash for private seller. thats y going for shop.

 

Honestly, depends on what you're gonna use that bike for. Pay installment have interest, end up you're paying more. I'd pay full cash if its purpose is just transport, if its for work, hopefully the bike can pay itself off.

 

If cannot pay full cash, at least high downpayment, at least 50%. .

[sxiixs]

...

[Sky99]

Not enough cash for private seller. thats y going for shop.

 

I'm not sure what kind of bikes you are getting.

 

but if you don't even have a few K on hand, better don't get a bike first.

 

shops are selling normal 2B bikes at least 1K- 2K more than private seller.

[sws32]

I'm not sure what kind of bikes you are getting.

 

but if you don't even have a few K on hand, better don't get a bike first.

 

shops are selling normal 2B bikes at least 1K- 2K more than private seller.

 

 

I just went dwn to bike shop (GP Motoring Pte Ltd) . Was looking at FZ150i. Asked for the breakdown of costs n stuff. Here's wad the shop given me...

 

Bike: $3300

Admin fees (including transfer, inspection, servicing): $63

Yearly admin fees with bank(not sure what is that) : $150

Insurance, 2nd party: $669

 

Pay by instalment 3 years:

 

$3300+$63 +($150 x 3 years)+ $669 = $4482

 

$4482-$1000 (down payment) = $3482

 

$3482x1.21% = $4213

 

Monthly: $117

 

Stated no hidden charges ald.

[sws32]

Yamaha Spark T135 VS Yamaha FZ150i ... which is better?

[devotar]

you are only looking at the cost... must look into the age of bike.. service warranty and etc.

main difference btw bike shop and direct seller

1. pricing, bike shop usually higher

2. servicing, some bike shop give service warranty

3. maintainance, bike shop donno how the previous owner rides the bike and how often maintain the bike

4. outlook, bike shop will clean it nicely to sell for a higher price

5. bike shop give a one stop shop, instalment, transfer fee and etc. sometimes need your IC for a day or 2, worst - 1 week.

6. direct seller will have to go LTA together with you to do transfer and hand over the key and you hand over the cash. (full)

7. direct seller will tell you which bike shop give good service and maintain this bike well. (depends on the type of seller too)

8. get to know more biker friend and can joint them for trips and etc.

 

hope this helps.

[sws32]

you are only looking at the cost... must look into the age of bike.. service warranty and etc.

main difference btw bike shop and direct seller

1. pricing, bike shop usually higher

2. servicing, some bike shop give service warranty

3. maintainance, bike shop donno how the previous owner rides the bike and how often maintain the bike

4. outlook, bike shop will clean it nicely to sell for a higher price

5. bike shop give a one stop shop, instalment, transfer fee and etc. sometimes need your IC for a day or 2, worst - 1 week.

6. direct seller will have to go LTA together with you to do transfer and hand over the key and you hand over the cash. (full)

7. direct seller will tell you which bike shop give good service and maintain this bike well. (depends on the type of seller too)

8. get to know more biker friend and can joint them for trips and etc.

 

hope this helps.

 

Oh, service warranty? Means buying from them and still get a period of free servicing if the bike have problems?

[sws32]

you are only looking at the cost... must look into the age of bike.. service warranty and etc.

main difference btw bike shop and direct seller

1. pricing, bike shop usually higher

2. servicing, some bike shop give service warranty

3. maintainance, bike shop donno how the previous owner rides the bike and how often maintain the bike

4. outlook, bike shop will clean it nicely to sell for a higher price

5. bike shop give a one stop shop, instalment, transfer fee and etc. sometimes need your IC for a day or 2, worst - 1 week.

6. direct seller will have to go LTA together with you to do transfer and hand over the key and you hand over the cash. (full)

7. direct seller will tell you which bike shop give good service and maintain this bike well. (depends on the type of seller too)

8. get to know more biker friend and can joint them for trips and etc.

 

hope this helps.

 

Oh, service warranty? Means buying from them and still get a period of free servicing if the bike have problems?

[devotar]

yes, some bike shop provide warranty.

if yes, normally 1 to 3 months. of cause, every service comes with a price.

if you have class 2 or 2A, go for a 250cc or 300cc bike.

normally cheaper, an off cause, resell value is lower.

going JB would have a piece of mind.. ha ha

[Sky99]

I just went dwn to bike shop (GP Motoring Pte Ltd) . Was looking at FZ150i. Asked for the breakdown of costs n stuff. Here's wad the shop given me...

 

Bike: $3300

Admin fees (including transfer, inspection, servicing): $63

Yearly admin fees with bank(not sure what is that) : $150

Insurance, 2nd party: $669

 

Pay by instalment 3 years:

 

$3300+$63 +($150 x 3 years)+ $669 = $4482

 

$4482-$1000 (down payment) = $3482

 

$3482x1.21% = $4213

 

Monthly: $117

 

Stated no hidden charges ald.

 

How old is the bike currently?

 

everything in $5.2k+ sia

[sws32]

How old is the bike currently?

 

everything in $5.2k+ sia

 

 

 

4 year old. Oct 2009 till now

[Sky99]

I just went dwn to bike shop (GP Motoring Pte Ltd) . Was looking at FZ150i. Asked for the breakdown of costs n stuff. Here's wad the shop given me...

 

Bike: $3300

Admin fees (including transfer, inspection, servicing): $63

Yearly admin fees with bank(not sure what is that) : $150

Insurance, 2nd party: $669

 

Pay by instalment 3 years:

 

$3300+$63 +($150 x 3 years)+ $669 = $4482

 

$4482-$1000 (down payment) = $3482

 

$3482x1.21% = $4213

 

Monthly: $117

 

Stated no hidden charges ald.

 

How old is the bike currently?

 

everything in $5.2k+ sia

[sws32]

How old is the bike currently?

 

everything in $5.2k+ sia

 

Emm Oct 2009 .. 4 yr bike? duno if its worth? lol

[skyblueblue]

Wow insurance so high.

 

Anyway if u wan to upgrade 1 yr later to 2A sure got problem

[Sky99]

Emm Oct 2009 .. 4 yr bike? duno if its worth? lol

 

You always get 2nd hand cheap bikes from private seller.

 

I bought a 7.5yr old wave for $1.3k only.

[Jehuty]

Emm Oct 2009 .. 4 yr bike? duno if its worth? lol

 

COE left 6 years, go compare with the ones people are selling online. Got people selling 5 years for 4000 below.

[devotar]

Can get brand new Honda CBF150 at $5.5K

what is the main use of the bike? transport, show off, attract girls?