A question from a nub

[RainbowKia]

Uh, I was looking around and i saw this term called reloan, can anyone tell me what does it mean? is it something like a shop help u pay full first and then you slowly pay them back or something? Sorry just hit the bike scene x_X and idk if this is the right place to post this lol:sian:

[prego08220]

The shop will loan u a certain amt based on ur Income, Occupation, COE of the bike, Outlook of the bike.. They wont loan u 100% of the amt.. They will loan u maybe 80% of the amt.. Insurance and other misc charges also be bear by you.. Then u'll still have to pay them interest..

[RainbowKia]

The shop will loan u a certain amt based on ur Income, Occupation, COE of the bike, Outlook of the bike.. They wont loan u 100% of the amt.. They will loan u maybe 80% of the amt.. Insurance and other misc charges also be bear by you.. Then u'll still have to pay them interest..

 

I'm a student..but working like 400/mth de. part timer..and i'm below 21 will i still be able to loan ma..cause i'm like a normal poly student and my work is those 1 week 20hr 100$ kind. so ya i'm buying a bike and idk much about reloan cause i do need this reloan to buy it.. just an extra question...my helmet visor the side come off.. like the screw drop out, not the visor crack. its detached cause the screw came off and i cant find the screw. anyone know anywhere to repair this kind of helmet ma? thanks:giddy:

[prego08220]

Bro, u buying from shop or private buyer? If from shop, U need min $800 downpayment.. If from private owner, unless u got some saving, if not what u r earning now cannot even buy u a 3rd party insurance.. Shop reloan doesnt cover ur insurance..

[RainbowKia]

Bro, u buying from shop or private buyer? If from shop, U need min $800 downpayment.. If from private owner, unless u got some saving, if not what u r earning now cannot even buy u a 3rd party insurance.. Shop reloan doesnt cover ur insurance..

 

okay i have money to buy insurance and misc, but the bike lets say cost 2k, i can fork out 800, but the rest..i mean the main thing is im 19 and a student with like a 400$ income will it be possible for a reloan for that 1.2k i lack?

[jB]

bike costs 2k but don't forget about road tax, insurance and misc..which eventually would add up say at least 500 more? and I did say at least

[eedwinn]

Bro, u buying from shop or private buyer? If from shop, U need min $800 downpayment.. If from private owner, unless u got some saving, if not what u r earning now cannot even buy u a 3rd party insurance.. Shop reloan doesnt cover ur insurance..

 

You mean reloan only helps you to cover the machine price of the bike which you and the seller agreed on, and the transfer of ownership and insurance you'll have to settle your own at the respective different places?

 

I thought if you go and do reloan, the bikeshop will definitely ask you to do these from them?

 

Thanks for the clarification.

[RainbowKia]

At the moment i have enough money to cover my insurance, and downpayment of the bike. and i sorta figured out how reloan works, but can anyone tell me which shop offer reloans ma please. i mean uhm, i'm buying from private owner and not from shop:giddy:

 

 

!I fixed my helmet lmfao!