Hidden costs of selling bike

toons9 SG

hi ppl can someone tell me how much it is to transfer ownership of a bike to another user to carry on installment?? all the hidden costs assuming tat insurance will cost 650 tis 1 i noe lor. bike is nsr150sp.
thankss

WhitePhantom SG

go to www.sgbikers.com
then go to 'lta online enquiry'
u can check the transfer fee of the bike u wan, provided u must remember the license plate no. lar!
gd luck!

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toons9 SG

yea thanks!! but err…..i’m the seller hahaha

WhitePhantom SG

hahaha... normally the shops wil make some profit out of the transfer fees.. for eg. if ur bike is 60. they wil ask for about 100 or wat.. u know those shops always quote 100+ for tranfership rite?
if the buyer is nerdy type, u can tok him lar..also
hehe.. Smile

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Yw SG

You can only transfer ownership only if u have completed your payment or instalment for the bike..

nismoS132 SG

never complete also can, but the new owner will have take a new loan. which is 10% p.a of your current debt.

so it's very expensive.

usually people prefer to COI... he help me pay instalments till finish liao then transfer name.

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paikuakia^^ SG

if the person u r seling trust u no need transfer lah just insurance add his name he can ride liao.
but the bad point is he kana summon all sent to the owner address hahahah so u have to pass to him ask him pay the fine even u put owner not riding they still sent to the owner address stupid hor =D

MomoTea SG

other than transfer fee there is still a lot of hidden cost ? etc like insurance ? would like to know what the total cost like if takin over second hand sp? ( installment )

ah_tee SG

agreement fees
insurance fees
transfer fees= 10 dollars plus 2 percent of bike value

all the above they surely add in their own one

and they will suck u dry on the new loan

previous owner=

instalments + interest

new owner=

(interest + instalment) + interest

surely kanna whack jia lat
if gettin new insurance try to bargain for 2nd party insted of 1st