How to purchase a bike in Singapore?

Excited about your first bike? Yes its natural. Everyone has been waiting for this day to come. To ride your own bike and get to destination you want.

BUYING YOUR BIKE:

There are two ways to purchase your bike.

Buying from bike shops:
The advantages of buying from a bike shop is that they will help you process everything including your insurance, road tax etc.You can either pay the full amount of by COI (cash on installment). If you are paying by installment, you have to down a deposit of at least $1000(depends on the bike shop) if you decide to get the bike. Of cause, you would pay more since you are paying on a monthly basis. It would take about a week or two before you can collect your Monster! Some shop requires guarantor if you do not have income more than a certain amount. Insurance can be expensive if you are under 21. Check out the last updated insurance here.

Buying straight from someone else:
You can also purchase your bike straight from someone else. Im sure most of the previous owner would want straight cash before they transfer the bike to you. It can be tedious. You have to meet the owner to test ride your bike first. After which you have to process the paper work yourself. First, you need to go to the company to get your insurance, go to LTA or motorshop to transfer the ownership of the bike, renew the road tax. You can then ride the bike away after you paid for the machine.

Note: you have to transfer the ownership before you ride the bike. The previous owner can claim that you steal his bike.