bike dealer offering 'easy' hp

[justaphase]

By easy I mean without a Thai guarantor or myself with a wp. I do have a 40k month income though with proof available.

Has anyone had success in bkk buying like this?

I'm only after a scooter

[AllanB]

Dealers make ALL their money on finance, save up for a month and buy 2nd hand, then save for another 5 months and buy new. New Wave is about 34k still, I think. Had mine 5 years still looks and rides brand new.

[andrewrooney]

Dealers make ALL their money on finance, save up for a month and buy 2nd hand, then save for another 5 months and buy new. New Wave is about 34k still, I think. Had mine 5 years still looks and rides brand new.

Agreed. If you can pay cash you end up saving a lot of money, and you can put the book in your name without any hassles.

[bramds]

So you just mentioned on a public forum that you work here illegally?

[guzzi850m2]

So you just mentioned on a public forum that you work here illegally?

Not not really, it could be his pension.

Yes don't buy on finance, it's very expensive.

[96tehtarp]

I agree with all the posts above regarding 2nd hand versus financing.

My Thai neighbour recently bought and ancient Suzuki RC100 for 2000 baht. A complete rebuild cost 5500. It now rides like a charm. This guy is smart.

Another neighbour who's not so smart bought a new Honda Wave 125 on financing from the dealer. Five years later he'd paid it off. The total cost was over seventy thousand baht.

[AllanB]

I assume you are a young fella, so here is some advice from an old fella, don't buy anything on credit, nearly all the money woes in the whole world are as a result of buying on credit. It is how banks get rich and powerful and how the poor remain poor all their lives.

Sorry, the is a crusade for me...BANKS the scourge of the earth, the worst kind of pestilence and plague..

Save, think, buy and be happy. Besides, bikes/scooters are so cheap here anyway, in the UK a Wave costs £2,000, here it is £680 and will last forever. Does 200mpg and need almost nothing spent on it for the first 5 years.

[justaphase]

Thanks for the credit advice chaps! Seems I can buy 2nd hand for not much anyway. Without paperwork the shops want 10k down for a new one. ?

I dont work anywhere, some busybodies on here eh?! ?

[WonnabeBiker]

Am seconding AllenB. Had a lot of issues with botched bikes and now fear Somchai mechanics.

Use a credit card if you have to.

[96tehtarp]

Keep in mind a complete rebuild is surprisingly cheap.

[Shurup]

Keep in mind a complete rebuild is surprisingly cheap.

It only works if you know a competent mechanic, otherwise it may come out worse than it came in.

[AllanB]

Am seconding AllenB. Had a lot of issues with botched bikes and now fear Somchai mechanics.

Use a credit card if you have to.

I had a few problems too, but only on old big bikes, there are thousands of cheaper small bikes and 10k will buy you a runner for 6 months, by which time you will have money saved for a new bike, fully paid for, not owing these sods anything. Even if you throw the old bike away you are still quids in and only fools use credit cards to buy things they cannot afford.

I have had a credit card for more than twenty years, pay it back in full each month (standing order) and haven't given HSBC a penny in interest in my life. 5 years ago, I waited a few weeks to buy the Wave for just £600 and last week I had to spend £14 on a new chain/sprockets, my first bill, other than oil changes.

Last year I paid 18k for a Yamaha Fino and it is as good as perfect, apart from some hairline scratches.

Spend some time and look around before flashing the "easy" plastic...........

Nothing wrong with being a Cheap Charlie IMO, in the old days they called it thrift, or being "Money Wise". Perhaps nowadays it is fashionable to be a mug....but then what do I know?

Edited March 13, 2015 by AllanB

[papa al]

What does "'easy' hp" mean?

wp?