Reloan interest rate

[scrufious]

i need help on reloan from shops. Buying from a private seller, then having reloan in shop, i heard that Bike production has the lowest interest rate? If yes, what the interest rate? If not, where else has some of the lowest interest rate and how much isit?

[bobson87]

bp having interest of 4% for brand new bikes. asp and dirtwheel having 10% i tink. y i noe? coz i just went to do for ktm4sm. =)

[scrufious]

how abt 2nd hand bikes? any idea whats their interest? wow 10% is alot.

[Yongster]

10% is too much lah.... the market rate is 5-6% for 2nd hand bikes.......

[wait4me]

wa 10% leh ......

[yenyenpark]

i like seeing some low than 10% financial company for reloan.. but forgot where.. anyone can enlighten?

[OhMiGosh]

bike production definately does reloan.. but not the full amt ard 90%... some amt have to pay by cash to the seller. documentation very easy.. like how you go get a new bike its the same.. interest rate as quote is about 5-6% for 2nd hand bikes.. definately a kill as compared to outside market. anything i think you go talk to ah swee.. straight forward guy which say 1 means 1.

hitachi credit also gives out interest rate which is about the same..

[sPo0n]

so meaning to say - example,

used krr150 - selling price 2500 i pay the owner 500 + the transfer fee the other 2000 i take a one yr loan at BP? like that consider taking less den 90% of the selling price right? got any processing fee? or any upfront 1mth to 3mth advance instalment? do my own insurance or die die must let them do? please enlightment me, thanks!

 

 

bike production definately does reloan.. but not the full amt ard 90%... some amt have to pay by cash to the seller. documentation very easy.. like how you go get a new bike its the same.. interest rate as quote is about 5-6% for 2nd hand bikes.. definately a kill as compared to outside market. anything i think you go talk to ah swee.. straight forward guy which say 1 means 1.

hitachi credit also gives out interest rate which is about the same..

[thepunkz]

i tink their way of doing is tat they access the bike and see how much the bike is worth. den tell u the amount u can reloan. but, they gonna deduct ur insurance abd bla bla bla fees. thus, u wont be able to get the full amount of money u wanna pay to the seller. if another terms, somehow u haf to "downpayment".