New Bike OTR?

[losogroup]

I wants to buy a new bike. Does OTR quote include bike Coe price ? Because some shop requires the buyer to foot partial payment of next coe bidding price. Other offer no insurance coverage. Why there's some many different offering?

[welly]

hey pal..if ur not familiar with purchasing a bike, u shd get someone who has the experience to assist u.its to prevent u from being cheated.anyway gd luck in getting yr ride!

Edited February 24, 2010 by welly

[906rider]

I wants to buy a new bike. Does OTR quote include bike Coe price ? Because some shop requires the buyer to foot partial payment of next coe bidding price. Other offer no insurance coverage. Why there's some many different offering?

 

OTR price is simply ON THE ROAD / READY TO RIDE / OUT THE DOOR / PUT YOUR ASS ON THE SEAT AND RIDE ABOUT SINGAPORE WITHOUT WORRIES. How in the world could it be OTR price if the COE hasnt been add up ? Please bear in mind that OTR price is the final price you should pay if you were to be paying by CASH.

If your paying in installments , please take note of the interest charges and your downpayment you put in.

 

Cash = OTR price

Installment = (OTR Price - Downpayment) X Loan Percentage For Loan Period

 

Bike shop usually charges about +/- 4%/annum interest for brand new bikes.

 

Loan Percentage For Loan Period means

- 4% for 5 years = 120%

- 4% for 3 years = 112%

- 4% for 2 years = 108%

 

^ So the lesser the loan period, the lesser the interested generated.

 

Hope this helps