Do you go for finance?
amdowney
Posts: 8
Good day,
Out of interest how many of you would, or already have taken advantage of 0% finance deals? :?:
Out of interest how many of you would, or already have taken advantage of 0% finance deals? :?:
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Comments
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0% is a no brainer0
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You'll never get any discount on a 0% finance deal though. OK if you want a "current" model bike where there isn't much scope for negotiation, if you want something older a 0% credit card is likely to be the best option.
Or just save up.0 -
Would consider it but you're often better if you can get a CC deal and buy it on that then ask for a discount on the bike.0
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0% credit card or c2w.
As mentioned above, 0% finance deals are almost always over priced.0 -
0% is they way forward...............ive just taken advantage of Tesco's credit card's 0% for 15 months on purchases and built my new steed up, then flogged my old one stuck the cash in my ISA set DD up for £80 into my ISA then pay the lot off in 15 months and maybe make a bit of interest on it aswell..............Win win for me.0
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ifindoubtflatout wrote:0% is they way forward...............ive just taken advantage of Tesco's credit card's 0% for 15 months on purchases and built my new steed up, then flogged my old one stuck the cash in my ISA set DD up for £80 into my ISA then pay the lot off in 15 months and maybe make a bit of interest on it aswell..............Win win for me.
That's text book Linn0 -
I votes yes and have used it.
0% means they sell the item to a finance company for a discount. You pay the finance company the full whack over x months, that's how they make their dosh.
See if you can negotiate the same deal as the finance company or take the 0%.0 -
How would you go about trying to get the price down?0
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ifindoubtflatout wrote:0% is they way forward...............ive just taken advantage of Tesco's credit card's 0% for 15 months on purchases and built my new steed up, then flogged my old one stuck the cash in my ISA set DD up for £80 into my ISA then pay the lot off in 15 months and maybe make a bit of interest on it aswell..............Win win for me.0
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Big Jimmy explains it well. In fact this is the principle of Islamic Finance if you are interested.0
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Never use 0% unless is your only choice - you can negotiate at least 10% off (finance companies charge the bike shop around 15% I believe) and that's worth more than the cash in the bank. Even better if you can doa CC deal as described above.A Flock of Birds
+ some other bikes.0 -
I should point out that by only choice I mean instead of cash or 0% on a CC. Don't use Wonga instead for exampleA Flock of Birds
+ some other bikes.0 -
Why, is there something wrong with interest of 83846382829374404836382920402827292020202028462%.
Surely those cute (aaarrrgh) little old puppets wouldn't rip you off.I don't do smileys.
There is no secret ingredient - Kung Fu Panda
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Parktools0 -
no. I only ever pay cash. this year Ive spent around 3k on two bikes and got a decent discount on the DH bike because i was paying cash. Using finance is weighing the deal in favour of a 3rd party and I dont like doing that, so I only buy if I have the money in my hand.0