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Phil, I've just had a look at your website and the one thing that's a little unclear is whether somebody can purchase the bike from you at the end of the lease period. If so, what sort of price they would expect to pay (let's say it's a £2500 bike for the sake of an example?) and how they would go about paying you for it - would this need to be a lump sum or could it be financed?
To buy my first bike I used Evans 0% finance over 12 months thingy. Worked out that after the deposit I'd pay £40 a month. Paid this off early.
Second bike, I did a load of overtime at work (Retail over xmas period) 60-70 hour weeks sort of thing. Hard graft, but reaped the reward.
The M+S credit card thing is interesting as this is a new adventure for me. So long as you're disciplined, it's wicked.
+1 Overtime
I used the following formula for my latest bike:
X4 72 hour weeks + no social life divided by headaches + lowered immune system = new bike.
Well worth it IMO
0% finance is the way to go.
Bought my British made mtb last year for £2.6k with £200 knocked off. The shop also allowed me to swap lots of components over such as tyres and disc rotors to what I wanted.
Biggish £700 deposit and 2 years interest free finance.
Well there is certainly a divided opinion on this. Well for me to get a new bike its got to be save+over time. Sod the credit deals and cards there is always gunna be a bike i want so i can wait till i got the money then see what deal i can get with a wad of notes down the LBS.
Phil, I've just had a look at your website and the one thing that's a little unclear is whether somebody can purchase the bike from you at the end of the lease period. If so, what sort of price they would expect to pay (let's say it's a £2500 bike for the sake of an example?) and how they would go about paying you for it - would this need to be a lump sum or could it be financed?
Does this help?:
[url= http://www.bikeleasingcompany.co.uk/4-flexible-options ]Bike Leasing Company[/url]
Regards
Paul (not Phill). Phill is one of our customers 🙂
Have never bought a single bike component, accessory or bike (or any other 'toy' for that matter) on credit of any sort and I've owned well into tripple figures in bikes over the years.
makes you realise the true value of stuff IMO
buy quality, then sell before it loses value.
Bought Yeti 575 in 2008 - was voted one of the best trail bikes at the time,
crossmax wheels bought 1/2 price, odds and bits all bought in sales and canny shopping
Cost about £2800 - £2900 in total
rode it for 3 1/2 years
Sold it for £1500 on ebay, bought new bike (£2,500 rep) talked shop down to 2,100
So look that after initial investment its costing me about £500 a year less than or about £40 a month.
Obviously you need to be able to fund initial purchase, but buy it in bits when you see clearance deals etc.. then build it yourself
i been monitoring bikes via mags for 20 years nearly. guess what? next years deals will be as good as last years deals. save up for 12 months, and you'll be right.
£1.73GW - Member
...I've owned well into tripple figures in bikes over the years.
Recent Bike History
2009 GT Aggressor XCR . Cycle to work (when It was good)
2010 Bought a second hand Inbred frame from Coast kid £100
2012 Bought some second hand Revs £90 and Prince Albert frame for £110 from STW for the On One . Sold On One to TJ for £75 .
2011 Got some redundancy and bought a Canyon Nerve XC for my 40th Birthday £1200
2012 Bought a £100 road bike from a local Radge 😀 and replaced the frame with a Surosa frame from the bay for £50 , Will pay GW handsomly in Beer to help with the hardbits of swapping the bike over.
Saying that I was tempted to go down the cycle to work scheme again for a good road bike but really cant afford the £40 a month deductions .
The only existing parts from my original Gt currently on my Prince Albert are the rear mech and shifters everything else has came from here or gumtree.
Prob not too far off 173 bikes tbh RS 😉 (Lost count at over 100 many years back)