I recently bought a used motorcyle at a shop in Tampines 9004, After numerous complain of my bike condition eg: Brakes not working properly, engine overheat, coolant leakage .....
This shop avoid liability - refuse to repair and tell me there is nothing wrong because he ever ride.
On the 2nd month when i go to pay installment - he says i m 5 days late -
late payment interest charge is $20.00. When i question him what is the interest rate?
He couldn't reply, He says late means at least $20.00 .( for $222.00 instalment)
Can anyone tell me, is this reasonable? Is this the normal way most bike shop
charge overdue interest?
Bro, first of all. I'm not an expert on this but just my 2 cents opinion.. When any instalment/loan taken, all charges and interest must be agreed up front. The lender will also needs you to acknowledge it. Checked what you have signed.
Check out the singaporeBikers forum.
I recently bought a used motorcyle at a shop in Tampines 9004, After numerous complain of my bike condition eg: Brakes not working properly, engine overheat, coolant leakage .....
This shop avoid liability - refuse to repair and tell me there is nothing wrong because he ever ride.
On the 2nd month when i go to pay installment - he says i m 5 days late -
late payment interest charge is $20.00. When i question him what is the interest rate?
He couldn't reply, He says late means at least $20.00 .( for $222.00 instalment)
Can anyone tell me, is this reasonable? Is this the normal way most bike shop
charge overdue interest?
Is there an agreement that you signed unknowingly? Do you have a copy?
Lousy bike shop at tampines
Re: Lousy bike shop at tampines
Linear Mode
