Buying motor with Credit card

[Renville]

Hi Guys,

 

Anybody know where to buy a bike which can pay with credit card?

Maybe can pay with 0% installment like we buy laptop in Harvey Norman.

 

I am just wondering only:)

[prego08220]

0% installment or 0% Downpayment? If 0% Downpayment, I heard Wing Yap they're promoting that..

[RadBaron]

Gotta remember, credit card issuers charge retailers with a processing fee of about 2%. I'm pretty sure if shops accept credit cards, the extra cost will be rolled on to the customer.

 

So you're 'interest free' installment isnt exactly 'interest free'.

[Aie]

When I paid a downpayment of $5K for my R1 using my VISA credit card, HKL charged me 5% service charge for it. I had to top up another $250...

[ghost04]

Gotta remember, credit card issuers charge retailers with a processing fee of about 2%. I'm pretty sure if shops accept credit cards, the extra cost will be rolled on to the customer.

 

So you're 'interest free' installment isnt exactly 'interest free'.

 

actually not really...2% is 1 time fee. then subsequently divide the total into 3 or 4 yr installment-interest free. sounds better than bike shop's 4-6% per annum interest.

[Guest NPNT]

actually not really...2% is 1 time fee. then subsequently divide the total into 3 or 4 yr installment-interest free. sounds better than bike shop's 4-6% per annum interest.

That's what i was thinking too.

 

Credit card got ceiling?

[Jacq]

1st of all, credit card issuers charge retailers with a processing fee of 3%. Usually Motorshop dun take credit card. only a couple of them. HKL and MotoWorld do. Maybe can check with BoonSiew or Mah? MotoWorld has this installment plan with UOB. However, they dun sell bike.

 

If you're using UOB, you can pay by installment if the amount is more than $500. but you have to pay processing fee of 3% (3 or 6 month installment) or 5% (12 month)

 

Other Credit card, not sure.

[eugeneg]

I called bike production a couple of weeks ago regarding the 0% instalments, but they told me only Hyosung motorcycles (if I dint heard wrongly) on promo. Dint ask for info. maybe u can check out with the bank instead cos they keep on changing. http://www.uobgroup.com.sg/pages/promotions/privi_creditcard_zeroinstal_automotives.html

[eugeneg]

hi there, I've found this link that offers 0% interest-free instalments. You can now use your DBS credit card to pay for the purchase of the bike (subject to own credit limits) as long as its over $500 worth. Very good deal!!

 

http://www.singaporebikes.com/forums/showthread.php?t=136425

 

But then again, you have to consider like the selling price, free gifts etc offered by them, maybe other non-interest free bike shop may offer more benefits.