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Financing a ride


Jaco-fiets

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ok...so buy a bike for R100k pay off R250k over 5 years and said bike is worth R20k if you lucky and don't crash it.I just don't understand financing a bike.

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Simple really. Do the math.

 

Deposit + total installments (+ insurance?) (nevermind depreciation)

Can you sell bike before the term is up and if so did you first pay the interest part?

 

Now answer the question.

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