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Bike Loan Queries

akk2018
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akk2018 Newbie

akk2018

Posted
Posted

Hi, Looking to buy a bike from owner direct. But will need to loan funds. Any idea which bikeshop i can go to that doesnt charge the dreaded admin fees?

  • 3 months later...
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hokkienmee Newbie

hokkienmee

Posted
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If a bike is $12,000, would you prefer pay cash upfront? Or get a loan?

 

Calculated the difference for 3 year installment would be $1800 just for interest only.

 

I'm comparing between cash on hand versus interest fees.

 

What's your take on this?

teambhp Newbie

teambhp

Posted
Posted
Hi, Looking to buy a bike from owner direct. But will need to loan funds. Any idea which bikeshop i can go to that doesnt charge the dreaded admin fees?

All shops charge. It's additional money for them

haoKR Newbie

haoKR

Posted
Posted
If a bike is $12,000, would you prefer pay cash upfront? Or get a loan?

 

Calculated the difference for 3 year installment would be $1800 just for interest only.

 

I'm comparing between cash on hand versus interest fees.

 

What's your take on this?

 

you got that right, but nobody cares about the interest and stuff

everyone just sign on the paper and ride off

http://i1185.photobucket.com/albums/z341/lotand/IMG_1124.jpg

 

Ride Defensively; always.

 

Class BB2BDC - 11AUG2010

Kawasaki KIPS -> 2010 ~ 2014

Aprilia RS125(09) -> 2014 ~ 2017

Class BB2ADC - NOV2016

Suzuki DRZ -> 2017 ~ 2018

Honda Revo -> 2018 ~

tokillmob Newbie

tokillmob

Posted
Posted
If a bike is $12,000, would you prefer pay cash upfront? Or get a loan?

 

Calculated the difference for 3 year installment would be $1800 just for interest only.

 

I'm comparing between cash on hand versus interest fees.

 

What's your take on this?

 

No doubt playing cash upfront will be the best idea, but not everyone will have, example if the bike is $12,000, that kind of money on hand. In addition to the eagerness to own a bike, people will just pay the minimum amount of deposit, and settle the rest by high interest installments.

2014 - current Kawasaki KLX 125

  • 1 month later...
MR BIKER Newbie

MR BIKER

Posted
Posted
I heard some bike shops also offer 0% installment plan on cc...

 

DEPENDING on the card. some cards offer 36 months, but most only 1 to 2 years only. if price of bike is 12k na d get 24 months , how?? 500 a month. but if 1 year, 1k a month

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