Hidden costs of selling bike
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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 -
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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yea thanks!! but err.....i'm the seller hahaha
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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..
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WARNING: "Privileged/Confidential information may be contained in this message. If you are not the intended addressee, you must not copy, distribute or take any action in reliance thereon. Communication of any information in this message to any unauthorized person is an offence under the Official Secrets Act (Cap 213). Please notify the sender immediately if you receive this in error." -
You can only transfer ownership only if u have completed your payment or instalment for the bike..
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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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press for NOS
--->> O <<--- -
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 -
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 )
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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