Finance for bikes

gingernash
gingernash Posts: 123
edited April 2011 in Road buying advice
Quick Q.

Do most people on here pay for their bikes north of £1k on finance?

Comments

  • danowat
    danowat Posts: 2,877
    Don't know about "most" people, but having a bike on 0% finance is a bit of a no brainer for me at least.
  • chris7
    chris7 Posts: 49
    Doesn't 0% finance remove the possibility of haggling on price though? It might work out better to negotiate a discount and finance it elsewhere.
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    http://blog.chrisbarber.co.uk
  • ShutUpLegs
    ShutUpLegs Posts: 3,522
    Credit card I would imagine
  • TMR
    TMR Posts: 3,986
    My bonus was generous this year, so I'll be using some of that.
  • Anonymous
    Anonymous Posts: 79,667
    I'm currently in the process of breaking a bike to sell as parts, this should raise about £1200, I'll use this to pay off a £1000 credit card bill, them use the rest and a bit more I have as a deposit for 0% finance.

    So by buying a new bike on 0% I'm effectively saving money on the interest I would have had to pay on the credit card.

    Therefore buying a new bike is the responsible thing to do. :)
  • Lillywhite
    Lillywhite Posts: 742
    RichardSwt wrote:

    So by buying a new bike on 0% I'm effectively saving money on the interest I would have had to pay on the credit card.

    You will, however, be losing money on re-selling your existing parts. :wink:
  • Slack
    Slack Posts: 326
    If you haven't got the money in the first place, then theorectically the product is unaffordable! Save the cash, otherwise you merely add to the giant ponzi scheme and become a debt slave.
    Plymouthsteve for councillor!!
  • TMR
    TMR Posts: 3,986
    Slack wrote:
    If you haven't got the money in the first place, then theorectically the product is unaffordable! Save the cash, otherwise you merely add to the giant ponzi scheme and become a debt slave.

    LMAO :D

    You're not a member of www.housepricecrash.co.uk are you? :D
  • Slack
    Slack Posts: 326
    No, I'm just fed up and grumpy! :evil:

    For light reading I prefer www.marketoracle.co.uk
    Plymouthsteve for councillor!!
  • Anonymous
    Anonymous Posts: 79,667
    Lillywhite wrote:
    RichardSwt wrote:

    So by buying a new bike on 0% I'm effectively saving money on the interest I would have had to pay on the credit card.

    You will, however, be losing money on re-selling your existing parts. :wink:

    Well thay way I look at it if they're sat in my house not being used they arn't earning money and the older they get the less they'll be worth 2nd hand.

    Maybe I'm kidding myself, but sod it I get a new bike so who cares. ;)
  • Anonymous
    Anonymous Posts: 79,667
    Slack wrote:
    If you haven't got the money in the first place, then theorectically the product is unaffordable! Save the cash, otherwise you merely add to the giant ponzi scheme and become a debt slave.

    No, no, no. I'm helping rebuild the economy. Think of all the bike shops and bike companies that would go out of business if we all started being sensible!
  • danowat
    danowat Posts: 2,877
    Slack wrote:
    If you haven't got the money in the first place, then theorectically the product is unaffordable! Save the cash, otherwise you merely add to the giant ponzi scheme and become a debt slave.

    You sound like my grandad!!!, hope you haven't got a mortgage :wink:
  • JRooke
    JRooke Posts: 243
    bought my latest frame for 2k on 0% finance, its a wonderful godsend, I've sold my old frame for just over a grand and upgraded a few dura ace bits slacking and thinking about a new set of wheels, really is a wonderfully easy was to get your next mean machine without pishing about with awful credit card percentages.
  • Evil Laugh
    Evil Laugh Posts: 1,412
    Just pay cash myself.
  • Dodger747
    Dodger747 Posts: 305
    Dollar dollar bills y'all... 8)
    VO2 Max - 79 ml/kg/min
    W/kg - 4.9

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