Poenster Posted February 5, 2008 Posted February 5, 2008 Hi guys, I am needing some advice, if you have any to give... A while ago I found a pamphlet for a company by the name of bicycle finance, and I thought this might be a good way to buy that bike I always wanted. Does anybody know anything about them? Thanks!
VeloRacer Posted February 5, 2008 Posted February 5, 2008 I know Wesbank can help you. Its called Wesbank Leisure.
scotty Posted February 5, 2008 Posted February 5, 2008 Most financial institutions will finance assets by way of personal loans and you can play one off against the other by negotiating.
Danger Dassie Posted February 5, 2008 Posted February 5, 2008 I think FNB also offer a 'leisure finance' deal, remember seeing something like that at Cycle Lab. Unless it was actually Wesbank like Silverboy suggested. Seem to be a range of options, maybe a good idea to see who offers the best deal.
scotty Posted February 5, 2008 Posted February 5, 2008 I think FNB also offer a 'leisure finance' deal' date=' remember seeing something like that at Cycle Lab. Unless it was actually Wesbank like Silverboy suggested. Seem to be a range of options, maybe a good idea to see who offers the best deal.[/quote'] And T shirts and caps
Cois Posted February 5, 2008 Posted February 5, 2008 Just make sure of the following: Interest rates. Yes there is a thing like a credit act. But there is other ways of making money.Note that you can charge up to 25% pa.Now some guys tells you that they charge 5% pa, but remember that you might just pay an other way called service fees. Service fees can be any amount they choose. So make a note of service fees. Rather go to Wesbank or any trusted financial enabler. And make sure of the cost before you buy a cat in the bag....
Danger Dassie Posted February 5, 2008 Posted February 5, 2008 I think FNB also offer a 'leisure finance' deal' date=' remember seeing something like that at Cycle Lab. Unless it was actually Wesbank like Silverboy suggested. Seem to be a range of options, maybe a good idea to see who offers the best deal.[/quote'] And T shirts and caps I never got a cap By the by, it also helps to check who is the underwriter of any finance provider.
Poenster Posted February 5, 2008 Author Posted February 5, 2008 Great stuff... Thanks guys. The underwriter is/ was ABSA, but I think I will go the wesbank route. I phoned the number on the pamphlet, and they dont exist anymore... apparently... Thanks again!
scotty Posted February 5, 2008 Posted February 5, 2008 Hint avoid those that offer finance now but repayments later, while the payments are delayed the borrowing interest is not and is added to the capital.
Poenster Posted February 5, 2008 Author Posted February 5, 2008 What bike are you wanting to buy. The new black Merida 903 road. She is soooo pretty!
FreakishlySlow Posted February 5, 2008 Posted February 5, 2008 Buying a bike on Credit!! EISH, you must be riding without a saddle!! With our interest rates, no ways!! Only houses and cars should be allowed to be bought on credit! But hey, thats just me!
Poenster Posted February 5, 2008 Author Posted February 5, 2008 I will pay it off quickly, I just dont have that kind of cash lying around... And I am tired of doing 100km's in just under 5 hours on my 13kg Mountain bike... not a lot of fun!!!
IanC Posted February 5, 2008 Posted February 5, 2008 What bike are you wanting to buy.The new black Merida 903 road. She is soooo pretty! What is the price tag on that?And what group set?
Poenster Posted February 5, 2008 Author Posted February 5, 2008 She is a cheapy... Goes for R7000 and has the Tiagra groupset on...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now