Bike Related Finance

After discovering that bikes don't come off the shelf in my size, and
custom jobs are a bit pricier than what I budgeted for, I am looking
for a 'finance' arrangement. Basically where you pay 36 monthly
installments, and at the end of the term, it's yours (or you have to
pay a small amount). I have looked at Flexiway, and it looks OK, but
are there any other organisations out there that will offer a similar
thing? I'm looking at around $2500, which will cover both the frame
construction and the transferring of all the goodies off the 60cm c-c
frame I have now. I am not anticipating being able to offload the 60cm
frame for more than a few hundred at best. An initial deposit of
around $500 is likely to be available, but with a baby coming, any
amounts of cash above that are probably required for other uses.

Brendo

Brendo wrote:
After discovering that bikes don't come off the shelf in my size, and
custom jobs are a bit pricier than what I budgeted for, I am looking
for a 'finance' arrangement. Basically where you pay 36 monthly
installments, and at the end of the term, it's yours (or you have to
pay a small amount). I have looked at Flexiway, and it looks OK, but
are there any other organisations out there that will offer a similar
thing? I'm looking at around $2500, which will cover both the frame
construction and the transferring of all the goodies off the 60cm c-c
frame I have now. I am not anticipating being able to offload the 60cm
frame for more than a few hundred at best. An initial deposit of
around $500 is likely to be available, but with a baby coming, any
amounts of cash above that are probably required for other uses.

Hi Brendo,
For the amount of money you're looking for Banks and Finance companies will
not be interested. Get a credit card from someone cheap (Aussicard at 10%?)
for the $2000 and pay it off asap.

Theo

On Apr 10, 1:24 pm, "Brendo" wrote:
.. but with a baby coming...

You haven't forgotten your baby bonus have you?

$4k at last count..

(I think the SO has earmarked ours for things other than a new bike
for me, alas).

duncan

On Apr 10, 11:37 am, "Duncan" wrote:
On Apr 10, 1:24 pm, "Brendo" wrote:

.. but with a baby coming...

You haven't forgotten your baby bonus have you?

$4k at last count..

(I think the SO has earmarked ours for things other than a new bike
for me, alas).

duncan

I haven't, but the Minister for War and Finance has first dibs on
that. There may be some surplus left over for distribution, however,
I'm not holding my breath.

Brendo

Hi Brendo,
For the amount of money you're looking for Banks and Finance companies will
not be interested. Get a credit card from someone cheap (Aussicard at 10%?)
for the $2000 and pay it off asap.

Theo

I was anticipating that Banks would not be interested, but I wasn't
sure whether there were Finance groups who might. Similar deals are
available from places like Harvey Norman or Retravision, where you put
down $500 and pay the rest off over 48 months. There is not a lower
limit on these (other than the initial $500), maybe bicycles have
someone who does similar deals for them?

Brendo

Brendo wrote:
On Apr 10, 11:37 am, "Duncan" wrote:
On Apr 10, 1:24 pm, "Brendo" wrote:

.. but with a baby coming...
You haven't forgotten your baby bonus have you?

$4k at last count..

(I think the SO has earmarked ours for things other than a new bike
for me, alas).

duncan

I haven't, but the Minister for War and Finance has first dibs on
that. There may be some surplus left over for distribution, however,
I'm not holding my breath.

Brendo


I tried that one on but the money was gone within a week anyway!

--
Bean

Remove "yourfinger" before replying

wrote:
HN have their own financial services section to provide their
seemingly never ending stream of "no repayments for XX months" deals,
possibly because big financial institutions aren't interested in such
small amounts. I'd second Theo's recommendation to get a credit card,
that's what I had to do many years ago when I bought the first
motorcycle that cost more than I had saved up. The amount (about $2k
IIRC) was laughed at when I fronted up and asked for a loan.


It's been a while, but I recall in the past that credit unions were far
better for smaller loans than banks.

DaveB

Bean Long wrote:

I tried that one on but the money was gone within a week anyway!

So, how do you plan to pay for the kid for the other 20+ years?

Terryc wrote:
Bean Long wrote:

I tried that one on but the money was gone within a week anyway!

So, how do you plan to pay for the kid for the other 20+ years?

Hehe. I made the final payment on my youngest when I formally transferred
the $6000 he had borrowed from me 5 years earlier to his new-born daughter.
He was 27 at the time.

Theo

Terryc wrote:
Bean Long wrote:

I tried that one on but the money was gone within a week anyway!

So, how do you plan to pay for the kid for the other 20+ years?

I've already got them working...

--
Bean

Remove "yourfinger" before replying