Originally posted by popmynutsy:
but the payment for the bike? like installment or 1 sot full payment. how to go about it?
its up to you on how many cash you can lay out, and whether you can get a installment loan.
for installment loans, they will want to see your licences, and proofs of how you can service the installments. ie...your paycheck, last IR8a and a garantor that can cover your loans should you default.
In other words, your garantor needs to produce his/her last income assessment, ir8a or his/her payslip.
and with the high interest rates, you are better off putting down a huge downpayment for the bike upfront and loaning the rest and paying back by installments.
if you pay cash outfront. you owned the bike outfront. no need pay installments.