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Old 7th August 2012, 18:57   #46
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Default Re: 2012 Refreshed Ninja 650R heading to India

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Originally Posted by djay99 View Post
Thanks for your reply.

I love triumph street triple very much and have saved a couple of lacs considering i will finance remaing amount. But now i am sure they will launch it at a much higher price considering indian currency has fallen a lot.
I will see ninja 650 and then decide which one it is for me.

Also got an info from a local honda dealer that they have received an email from honda about a bike which costs 6.2 lacs. I will get clear info in a couple of days.

I was fortunate enough to see a Street Triple here in Indonesia too. It sounds MAD !!!! Plus the triple makes some serious power north of 100 bhp compared to the Ninja's docile 70ish. But but but, the Ninja looks so much better than the triple. I hated how the triple looked. It was like Rakhi Sawant's head on Anushka Sharma's body. Too hap-hazard for my liking.
And yes, Triumph will increase prices for sure. My bet would be the Street crossing 7L OTR.

I would be really suprised if Honda can slip in the 600F without any media fanfare. On a serious note, it is next to impossible that the 600F would be @6.2 lakhs. Its an inline 4, cannot match a Bajaj inline-twin on price.
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Old 7th August 2012, 19:20   #47
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Default Re: 2012 Refreshed Ninja 650R heading to India

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I was fortunate enough to see a Street Triple here in Indonesia too. It sounds MAD !!!! Plus the triple makes some serious power north of 100 bhp compared to the Ninja's docile 70ish. But but but, the Ninja looks so much better than the triple. I hated how the triple looked. It was like Rakhi Sawant's head on Anushka Sharma's body.
I agree about the looks of street triple but its power, handling and ride is awesome man and more over it sounds sweet and i believe it is the only bike which sounds like an I4 costing <10L.

Spoke to Probiking, BLR today and got to know that 650 will be launched on 9 Aug and dealers will anounce price, delivery dates etc on same day.

The lady promised me to deliver duke 200 in 2 days time if i pay 1.44 lacs by cash
Also got a figure of 9.5% flat interest rate if i opt for a loan for duke/ninja from bajaj finance. Its too high man. HDFC provides between 13 to 15%.

Edit: The honda sales guy was telling that 6.2 lacs is ex-showroom price which is 90K more than Ninja 650. Quite possible if they want to sell in good numbers.

Last edited by djay99 : 7th August 2012 at 19:22.
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Old 7th August 2012, 19:40   #48
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Default Re: 2012 Refreshed Ninja 650R heading to India

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Also got a figure of 9.5% flat interest rate if i opt for a loan for duke/ninja from bajaj finance. Its too high man. HDFC provides between 13 to 15%.
How is a 9.5% rate higher than a 13% rate? With the current sceanrio, I would jump at the 9.5% deal n maybe haggle another percent from them to close at 8.5%.
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Old 7th August 2012, 20:14   #49
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Default Re: 2012 Refreshed Ninja 650R heading to India

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How is a 9.5% rate higher than a 13% rate? With the current sceanrio, I would jump at the 9.5% deal n maybe haggle another percent from them to close at 8.5%.
13% is on a monthly reducing basis. Once you pay an EMI, interest is calculated on outstanding loan amount. Hence your interest portion keeps on reducing on a monthly basis as you will be making monthly payments.

9.5% fixed is like 19% reducing. Hence HDFC is better. Bank of india offers at 11.5% daily reducing which is equal to 5.5% fixed.

It is always best option to get a loan from a nationalised bank as they do have part payment facility and less/no preclosure charges.
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Old 7th August 2012, 20:48   #50
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Default Re: 2012 Refreshed Ninja 650R heading to India

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13% is on a monthly reducing basis. Once you pay an EMI, interest is calculated on outstanding loan amount. Hence your interest portion keeps on reducing on a monthly basis as you will be making monthly payments.

9.5% fixed is like 19% reducing. Hence HDFC is better. Bank of india offers at 11.5% daily reducing which is equal to 5.5% fixed.

It is always best option to get a loan from a nationalised bank as they do have part payment facility and less/no preclosure charges.
Ummm....I beg to differ. I slept through most of my finance classes but I believe that ALL car loans operate on a reducing balance method. Only the frequency of the reduction varies. Mostly everyone now follows daily reducing method as its sort of like an industry norm.
When u say a flat interest rate, it means that the ROI will stay fixed during the entire duration of your loan n not vary with any changes in the market. The opposite of this is the floating rate which moves with the market trends.
Hence, I said tht the 9.5% from Bajaj is awesome.
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Old 7th August 2012, 21:17   #51
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Default Re: 2012 Refreshed Ninja 650R heading to India

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Originally Posted by narula123 View Post
Ummm....I beg to differ. I slept through most of my finance classes but I believe that ALL car loans operate on a reducing balance method. Only the frequency of the reduction varies. Mostly everyone now follows daily reducing method as its sort of like an industry norm.
When u say a flat interest rate, it means that the ROI will stay fixed during the entire duration of your loan n not vary with any changes in the market. The opposite of this is the floating rate which moves with the market trends.
Hence, I said tht the 9.5% from Bajaj is awesome.
Sorry for deviating topic from Ninja to bank loan.

90% private banks provide car loans on a monthyl reducing basis (Axis bank is exception) and almost all nationalized banks provide on a daily reducing basis.

In Fixed (not flat) interest rate scheme, ROI will be fixed for entire tenure.
In Flat interest rate scheme, interest amount is calculated on total loan amount and is divided & recovered on a monthly basis.

Flat interest rate scheme:
Loan amount 200000
Interest Rate 10% Flat
Tenure: 12 Months
EMI=18333
You pay a total of 20000 as interest amount.

Reducing interest calculation scheme:
Loan amount 200000
Interest Rate 15% Reducing
Tenure: 12 Months
EMI=18051
You pay a total of 16619 as interest amount.

So you pay less in a scheme where interest is calculated on a reducing basis.
Do not get confused with flat & fixed interest rates. Always opt for a loan with a reducing basis interest calculation. You will be benefitted even though interest rate shown is high.

Last edited by djay99 : 7th August 2012 at 21:18.
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Old 7th August 2012, 22:58   #52
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Default Re: 2012 Refreshed Ninja 650R heading to India

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Originally Posted by djay99 View Post
Sorry for deviating topic from Ninja to bank loan.

90% private banks provide car loans on a monthyl reducing basis (Axis bank is exception) and almost all nationalized banks provide on a daily reducing basis.

In Fixed (not flat) interest rate scheme, ROI will be fixed for entire tenure.
In Flat interest rate scheme, interest amount is calculated on total loan amount and is divided & recovered on a monthly basis.

Flat interest rate scheme:
Loan amount 200000
Interest Rate 10% Flat
Tenure: 12 Months
EMI=18333
You pay a total of 20000 as interest amount.

Reducing interest calculation scheme:
Loan amount 200000
Interest Rate 15% Reducing
Tenure: 12 Months
EMI=18051
You pay a total of 16619 as interest amount.

So you pay less in a scheme where interest is calculated on a reducing basis.
Do not get confused with flat & fixed interest rates. Always opt for a loan with a reducing basis interest calculation. You will be benefitted even though interest rate shown is high.
Can you please also let us know more about the processing fees and advance emi's, they certainly are used to match up the differences in the fixed/reducing ploys these shylocks play.

I am keenly following this thread and intend to avail a loan.
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Old 8th August 2012, 00:30   #53
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Default Re: 2012 Refreshed Ninja 650R heading to India

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Originally Posted by Surajit333 View Post
Can you please also let us know more about the processing fees and advance emi's, they certainly are used to match up the differences in the fixed/reducing ploys these shylocks play.

I am keenly following this thread and intend to avail a loan.
Hi,

Let us not spam this thread anymore.

You can get more info on loans etc. from the following link:

http://www.team-bhp.com/forum/buying...ance-deal.html (ARTICLE: How to get the lowest EMI & the best Finance Deal)
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Old 8th August 2012, 00:35   #54
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Default Re: 2012 Refreshed Ninja 650R heading to India

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Originally Posted by Surajit333 View Post
Can you please also let us know more about the processing fees and advance emi's, they certainly are used to match up the differences in the fixed/reducing ploys these shylocks play.
All the banks charge a one time processing fee from Rs 250 uo to 2% of loan amount. Nationalized banks charge less and some of them have a fixed amount like 250, 500 or 1K irrespective of loan amount. This fees is always negotiable.
During festival seasons or special occasions, processing fee could be waived.
Never agree for advance/pre emi because you should not be paying interest when you have not even availed loan. First get your loan amount disbursed and start paying emi's.
Getting a loan from a nationalized bank may look painful initially but it is always beneficial in the long run.

People buying a Ninja 650 on loan can look at following link:
Bank of India
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Old 9th August 2012, 12:13   #55
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Default Re: 2012 Refreshed Ninja 650R heading to India

At what time the 2012 ninja 650 will be launched?
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Old 9th August 2012, 12:17   #56
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Originally Posted by djay99 View Post
At what time the 2012 ninja 650 will be launched?
Been so anxious that haven't done an iota of work since morning in the office. My team thought I'm having an anxiety attack


The launch is scheduled in Pune (around Amanora I believe) for this afternoon. Why couldn't they do it in the morning and put me out of my misery


Got this pic from a friend of the launch venue. anticipation build !

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P.S - My apologies to the mods for a double post as I couldn't figure out how to merge posts using the android app.

Last edited by moralfibre : 9th August 2012 at 13:36. Reason: Merging back to back posts.
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Old 9th August 2012, 12:49   #57
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Default Re: 2012 Refreshed Ninja 650R heading to India

Kawasaki’s new Ninja 650 launched at a smashing price of Rs 4,99,834 (ex-showroom, Delhi)
Kawasaki 2012 Ninja 650 in India | News | Autocar India
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Old 9th August 2012, 13:06   #58
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Default Re: 2012 Refreshed Ninja 650R heading to India

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Kawasaki’s new Ninja 650 launched at a smashing price of Rs 4,99,834 (ex-showroom, Delhi)
Kawasaki 2012 Ninja 650 in India | News | Autocar India
That pricing is brilliant! Thanks for the link bro. You are absolutely onto it! Makes me wonder how this pricing would affect the speculated Honda CBR600F launch...
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Old 9th August 2012, 13:25   #59
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Default Re: 2012 Refreshed Ninja 650R heading to India

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Kawasaki’s new Ninja 650 launched at a smashing price of Rs 4,99,834 (ex-showroom, Delhi)
Kawasaki 2012 Ninja 650 in India | News | Autocar India
Wow. Good pricing. But green color only. Still a very good deal IMO and it retains VFM price tag.
Narula123, any info about bookings? Are you booking it today?

Ex-showroom for bangalore will be around 5.12Lacs (because of higher VAT) and on-road price will be around 5.85 Lacs.

Edit: The Ninja 650 bookings start from August 14 with deliveries to begin in 4-5 weeks. Currently there are no plan to launch a naked version in India.

Last edited by djay99 : 9th August 2012 at 13:29.
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Old 9th August 2012, 14:30   #60
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Default Re: 2012 Refreshed Ninja 650R heading to India

OTR Bangalore - 5,87,788 - I had just been to the showroom in Indiranagar. They have no other data. It was funny seeing them watch the facebook page for updates on the launch
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