'Ride it Away' 0% finance scheme
poppit
Posts: 926
Has anyone heard of or used this scheme to buy a bike, just wondered if it is a good scheme, it was launched in July.
http://www.thecyclingexperts.co.uk/ride-it-away/
http://www.thecyclingexperts.co.uk/ride-it-away/
Eddy Merckx EMX-3
Dolan L'Etape
Cougar Zero Uno
Genesis Core 50
Planet X TOR
Dolan L'Etape
Cougar Zero Uno
Genesis Core 50
Planet X TOR
0
Comments
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Just looks like a standard credit scheme, no different to buying a sofa etc for 0% interest, just re-worded to make it sound as though its specifically for cyclists.
Worth doing if you can get it - you may as well spread the cost over 6 months and leave the money in your account longer if its not going to cost you any extra.0 -
Not seen any publicity for it though, perhaps its not worth promoting as there's nothing different about it.Eddy Merckx EMX-3
Dolan L'Etape
Cougar Zero Uno
Genesis Core 50
Planet X TOR0 -
Yeah seems the same as the Blackhorse one most of the LBS I know run.
From what I could gather when I was talking to Blackhorse about working there they provide the finance on full RRP, but only pay the shop 80%ish of the value in cash, so in real terms the 'free' finance has cost you a discount of up to 20% for a cash purchase, this might be a way that LBS can do the same thing cheaper.
It's wholey better than the 0% for two years repayment free! (and we clobber you for 60% charges the day you go over the two years if you haven't paid it all off by then) ones the sofa places sell.0 -
Blackhorse are phasing out finance in the bike shops
We use Ride It Away & we pay the interest but only offer 0% on new bikes at full RRP, we do finance on sale bikes but you have to pay the interest
It's no different to any other finance
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