I got a few questions to ask before i buy a bike...

• Adam&Eve

  23 Sep 02, 22:25

  I got a few questions to ask...
  
  1) If I want to COI from the previous rider, I need to be the sub rider, if not I had to pay for all the installment to own the bike? So what is transfer fees all about?
  
  2) I know COE varies from mth to mth. So what is the average cost of COE for a bike? $500 ? COE can renew 5 yrs and 10 yrs rite?
  
  3) What is the different between 1st rider and sub rider?
  
  4) I need to pay the whole installment before I can change the bike's owner name???
  
  Thanks for the help...
• castrol 3

  24 Sep 02, 02:00

  u need to pay for the full instalments then u can own the bike,unless u wanna reloan the bike but the interest is 15%,much higer,most ppl won't reloan,as for coe is various from month to month,depend on how the ppl bid for the coe prices for the new bikes, as for 1st rider and sub rider basicly the different is that if u never pay the instalment the letter wil go to the owner and if u commit any traffic offence the owner will have to answer if u dun take responsible....better own up!!!
  and when u pay finish the instalments then u can tranfer the bike ownership to yrself the fees are various ,depending on whether u wanna go do it yrself or u wan the bike shop to do for u,,,,if u wanna do it yrself then take the log card go to lta and ask for the tranfer of ownership at there,but if u ask the shop to do for u,of course it will be much higer chargers,depends on the shop he like u or not,,
  hope my info can help u out
• Nsr150

  24 Sep 02, 20:50

  
  If I want to COI from the previous rider, I need to be the sub rider, if not I had to pay for all the installment to own the bike? So what is transfer fees all about?
  [/code]If you be the sub rider of the bike then all you need is to pay for the insurance to add name and you juz pay watever amount the owner has been paying. If you want to transfer the ownership then you have to pay 3 months upfront, transfer fee and insurance.
  
  2) I know COE varies from mth to mth. So what is the average cost of COE for a bike? $500 ? COE can renew 5 yrs and 10 yrs rite?
  
  Unless the bike you getting COE is ending then you have to pay again, if not dun worry. There's 2 types, 10 years and 5 years. But if you renew for 5 years, after that you can't renew again which means your bike won't have value then.
  
  3) What is the different between 1st rider and sub rider?
  
  There's no difference between the 2 lor. it's onli means that he can ride the bike too if he's in the insuirance policy. Which is not recommanded if you dunno that owner.
  
  4) I need to pay the whole installment before I can change the bike's owner name???
  
  You can change the ownership, then you have to reloan again which means you have to pay for the interest again, for wat?? Let the credit company earn so much?? Coz watever you pay for the instalment, already included the interest the previous owner owed.
  
  Thanks for the help... [/b][/quote]