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 Bike Financing

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TSConfused Ant
post Aug 1 2023, 12:18 AM, updated 3y ago

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Hi guys, need some financial advice. Trying to find a way to finance a used motorcycle that I am really interested in. Need around RM20k (or lesser if down payment is needed). Planning to settle everything within 18months or lesser as I don't want to drag and pay higher interest. What route you recommend that I go? AEON? Conventional bank loan? Ahlong biggrin.gif?

For those who suggest I should just save up and buy it at the end of next year:

» Click to show Spoiler - click again to hide... «


Oh btw its > 500cc.

Also, come share how you bought your bikes. Someone should have a good story to tell whether its good or bad. bruce.gif
xnobys
post Aug 1 2023, 11:32 AM

See me, Feel me, Hear me, You just ruined me...
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From: Slavestate

QUOTE(Confused Ant @ Aug 1 2023, 12:18 AM)
Hi guys, need some financial advice. Trying to find a way to finance a used motorcycle that I am really interested in. Need around RM20k (or lesser if down payment is needed). Planning to settle everything within 18months or lesser as I don't want to drag and pay higher interest. What route you recommend that I go? AEON? Conventional bank loan? Ahlong  biggrin.gif?

For those who suggest I should just save up and buy it at the end of next year:

» Click to show Spoiler - click again to hide... «


Oh btw its > 500cc.

Also, come share how you bought your bikes. Someone should have a good story to tell whether its good or bad. bruce.gif
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Ask the owner if he could accept a certain amount of money as booking deposit?

Check also Chailease or BSNC as an alternative to AEON if they have such borrowing facilities.

IINM some kedai like icity motor world can arrange loan facility. But they will ask about 5% off the selling price from the seller + profit from buyer's loan interest.

 

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