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Motorcycle Buying Process Question

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ST_Nepal
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Postby ST_Nepal » Tue, 25 Feb 2014 12:00 am

Very good information.

I have one concern too.

I am planning to sell my FZ16 yamaha as I am taking course to upgrade my license to 2A. N I bought this bike from As Phoon in 3 yrs loan. How do I proceed for selling? Any guideline pls

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Postby PNGMK » Tue, 25 Feb 2014 9:00 am

ST_Nepal wrote:Very good information.

I have one concern too.

I am planning to sell my FZ16 yamaha as I am taking course to upgrade my license to 2A. N I bought this bike from As Phoon in 3 yrs loan. How do I proceed for selling? Any guideline pls


Advertise on a few of the classified sites. Put up with idiots asking stupid questions for weeks and having to stay home to meet them. IF you find a buyer take a deposit. Fill out the transfer form and either meet him at the LTA to do the transfer or ask him for his NRIC and go up there to do it (or he can take your NRIC). Buyer must have insured bike before transfer.

Alternatively trade your small bike in on a large bike at a bike shop.

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Postby Strong Eagle » Tue, 25 Feb 2014 10:34 am

PNGMK wrote:
ST_Nepal wrote:Very good information.

I have one concern too.

I am planning to sell my FZ16 yamaha as I am taking course to upgrade my license to 2A. N I bought this bike from As Phoon in 3 yrs loan. How do I proceed for selling? Any guideline pls


Advertise on a few of the classified sites. Put up with idiots asking stupid questions for weeks and having to stay home to meet them. IF you find a buyer take a deposit. Fill out the transfer form and either meet him at the LTA to do the transfer or ask him for his NRIC and go up there to do it (or he can take your NRIC). Buyer must have insured bike before transfer.

Alternatively trade your small bike in on a large bike at a bike shop.


I suspect he also has a loan to pay off. Therefore, once you have a seller, you will also want to contact the people who loaned you the money and have them show up at LTA as well. That way, you receive money from buyer, pay off loan, and person making loan signs off that there are no liens on the bike.

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Postby ST_Nepal » Tue, 25 Feb 2014 3:36 pm

Thank u very much for the suggestion. Should I contact the AS Phoon for remaining loan before I sell this bike?

How to do the bike valuation pls?

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Postby PNGMK » Tue, 25 Feb 2014 5:00 pm

ST_Nepal wrote:Thank u very much for the suggestion. Should I contact the AS Phoon for remaining loan before I sell this bike?

How to do the bike valuation pls?


For a COI sale you're aiming just to get some one to take over the installments. Any extra on top is a bargain.

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Postby Strong Eagle » Wed, 26 Feb 2014 6:48 am

PNGMK wrote:
ST_Nepal wrote:Thank u very much for the suggestion. Should I contact the AS Phoon for remaining loan before I sell this bike?

How to do the bike valuation pls?


For a COI sale you're aiming just to get some one to take over the installments. Any extra on top is a bargain.


PNGMK is correct. For small bikes, it is virtually impossible to sell over the amount owed. If you are lucky, what you owe on the bike, and what its used value is, will be close.

And, AS Phoon will probably want to approve whomever takes over the payments.

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Postby PNGMK » Wed, 26 Feb 2014 10:14 am

Strong Eagle wrote:
PNGMK wrote:
ST_Nepal wrote:Thank u very much for the suggestion. Should I contact the AS Phoon for remaining loan before I sell this bike?

How to do the bike valuation pls?


For a COI sale you're aiming just to get some one to take over the installments. Any extra on top is a bargain.


PNGMK is correct. For small bikes, it is virtually impossible to sell over the amount owed. If you are lucky, what you owe on the bike, and what its used value is, will be close.

And, AS Phoon will probably want to approve whomever takes over the payments.


The guys who loan people money for bikes are actually legal loan sharks..... the terms are outrageous and of course they get the young, ignorant kids in their nets... I know a lawyer who pro-bonos helping these kids out of the mess they get in with these guys. FTR As Phoon are ok.

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Postby ST_Nepal » Wed, 26 Feb 2014 11:41 am

Thank you very much.

Now I m eagerly looking around if I can find any 2nd hand CB 400 , so I can ride one / two years until I get my class 2. Then may be new one.

My first 2B bike is first hand, do not wish to spend on first hand on 2A bike.

Any advise pls ?

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Postby PNGMK » Wed, 26 Feb 2014 2:43 pm

ST_Nepal wrote:Thank you very much.

Now I m eagerly looking around if I can find any 2nd hand CB 400 , so I can ride one / two years until I get my class 2. Then may be new one.

My first 2B bike is first hand, do not wish to spend on first hand on 2A bike.

Any advise pls ?



Find a dealer who will trade your 2A bike on a CB400. There's hundreds of those around.

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Postby ST_Nepal » Fri, 28 Feb 2014 12:28 am

Thank you very much

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Postby ST_Nepal » Fri, 28 Feb 2014 12:31 am

One more curiosity, is it worth getting sevond hand class 2 bike, until I get class 2 licence then buy new one.

I like to ride super 4.

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Postby ST_Nepal » Fri, 28 Feb 2014 12:32 am

Sorry I mean second hand class 2A bike until I get my class 2 licence

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Postby Strong Eagle » Fri, 28 Feb 2014 12:47 am

ST_Nepal wrote:Sorry I mean second hand class 2A bike until I get my class 2 licence


Why not go back to AS Phoon and tell them you want to upgrade to a used class 2A bike? They might make you a deal.

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Postby x9200 » Fri, 28 Feb 2014 8:10 am

ST_Nepal wrote:One more curiosity, is it worth getting sevond hand class 2 bike, until I get class 2 licence then buy new one.

I like to ride super 4.


It's very subjective. It comes to your desire to change, how happy you are with your current bike and of course the money.
I have the unrestricted class for years already but I am riding 2b bike. It still has 1y on its COE milage so next year I will most likely buy something from class 2.

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Postby PNGMK » Fri, 28 Feb 2014 8:35 am

x9200 wrote:
ST_Nepal wrote:One more curiosity, is it worth getting sevond hand class 2 bike, until I get class 2 licence then buy new one.

I like to ride super 4.


It's very subjective. It comes to your desire to change, how happy you are with your current bike and of course the money.
I have the unrestricted class for years already but I am riding 2b bike. It still has 1y on its COE milage so next year I will most likely buy something from class 2.


IMO not really. The extra 200CC is not that much. However you could ride a Duke390 which is a far better bike brake wise than the CB400.

I wish Singapore would move to the new European model of bike classifications using the power/weight ratio. ("LAMS" bikes are learner approved Motorcycle scheme bikes and come in two different classes but the CC range is lot wider and gives buyers a better range of bikes to chose from).


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