Surprised no reaction from BYD owners on this forum

[12DrinkMore]

Was in the local motosy garage and they had put up a couple of prices on the bikes, for example 38,000 new and 58,000 over three years on credit, around 15% per annum. I have often wondered how these places make money, as I find it hard to believe that there is a large margin on selling a new bike and servicing it afterwards.

I guess it is all about putting Somchai and Noi into debt for three years.

[PattayaParent]

As with many 'long term' sales, cars, motorcy, 'fridges, couches, ec. the mark up is 1,000 percent 'cos they know you're not coming back next week to buy anoother one.

The 15% extra is to cover the cedit company risk and not related to the sellers profit.

And hey, tell me where I can get a guaranteed 15% return for no risk and I'll sign up now!

[andy1308]

There are three big finance companies that specialise in providing finance for the purchase of motorcycles here, two of which are listed on the Stock Exchange.

[12DrinkMore]

I can believe that the mark up on white goods and furniture is pretty high, but a new motorcycle selling at 36,000 Baht? There are loads of bits and pieces that go into making them.

Anybody know what the approx. manufacturing cost, and ex-factory price would be?

[imkoreanboy]

how do you figure lending at 15% is no risk? with your reasoning you would be broke in no time.