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Bike Financing
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TSConfused Ant
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Aug 1 2023, 12:18 AM, updated 3y ago
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New Member
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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 ?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... « Its a used bike with good mileage, condition and is at the low end of the market price (already went to see the bike personally). Just afraid someone is luckier than I am.
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.
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xnobys
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Aug 1 2023, 11:32 AM
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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 ?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... « Its a used bike with good mileage, condition and is at the low end of the market price (already went to see the bike personally). Just afraid someone is luckier than I am.
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.  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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