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Financing a ride


Jaco-fiets

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Posted

For those wanting to go the finance way, just wanted to give you guys a heads up. Service from Bikelife is great when you signing up and pay your deposit, but thats were it ends. They dont reply to emails and absolutely no customer service. 

 

 

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Posted

For those wanting to go the finance way, just wanted to give you guys a heads up. Service from Bikelife is great when you signing up and pay your deposit, but thats were it ends. They dont reply to emails and absolutely no customer service. 

Been doing some homework and it looks like Wesbank is probably best. Might even go with them in a couple of months

Posted

Brilliant and so true.

So many financial advisors on bikehub it seems.....

 

If you can afford it, buy it. Lifes short, buy the damn bike!!!

By definition you finance something because you cannot afford it....
Posted

For those wanting to go the finance way, just wanted to give you guys a heads up. Service from Bikelife is great when you signing up and pay your deposit, but thats were it ends. They dont reply to emails and absolutely no customer service.

Yikes ????

Posted

By definition you finance something because you cannot afford it....

That is usually the case, but not always.  I know people who can definitely afford certain items, but choose to finance for other reasons, such as tax implications.

Posted

That is usually the case, but not always. I know people who can definitely afford certain items, but choose to finance for other reasons, such as tax implications.

I highly doubt that tax avoidance is the primary driver for bicycle finance.
Posted

Like cars and houses.... And businesses. And commercial property.

You know what I meant. But apologies, I forgot the Hub works in absolutes where corporate financing is the same as buying a bicycle on credit....
Posted

I'm not looking to argue here.

 

If you want spend your money servicing debts, then do so, it not my or anybody on the Hubs place to tell you what to do with your money. ( well in the case BikeLife or Wesbanks money ) That's your financials advisors job.

Posted

You know what I meant. But apologies, I forgot the Hub works in absolutes where corporate financing is the same as buying a bicycle on credit....

???????????? obviously.

 

I reckon if the rate is good enough and the repayments are affordable then why not. It's not as if you're entering into a credit agreement with Lewis stores.

Posted

I highly doubt that tax avoidance is the primary driver for bicycle finance.

My apologies.  That is not what I meant.  I thought your comment was a general comment about finance and affordability, not specifically related to bicycles.  I don't know of anyone financing bicycles for that purpose.

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