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bike shop in dublin offering purchase with finance plans?

  • 16-10-2009 2:54pm
    #1
    morninwood
    Registered Users, Registered Users 2 Posts: 154 ✭✭


    hiya,

    i want to get a new road bike but don't have the cash lying around to pay for a new steed straight away so would like to pay through a finance option.
    any LBS around that offer finance plans?

    thx


Comments

  • #2
    kennyb3
    Registered Users, Registered Users 2 Posts: 6,724 ✭✭✭kennyb3


    Finance plans? why not go with a bank or the like, will be much cheaper id imagine.


  • #3
    morninwood
    Registered Users, Registered Users 2 Posts: 154 ✭✭morninwood


    the interest charged would be pretty much the same i believe.

    getting the finance deal arranged through the bike shop would just be handier for me. for a loan i would have to go to the bank and we all know the ridiculous opening hours this bunch have.


  • #4
    loyatemu
    Registered Users, Registered Users 2 Posts: 15,373 ✭✭✭✭loyatemu


    morninwood wrote: »
    the interest charged would be pretty much the same i believe.

    shop would almost certainly be much more expensive - see also car finance, Harvey Norman etc.


  • #5
    Captain Havoc
    Moderators, Sports Moderators, Regional South East Moderators Posts: 11,394 Mod ✭✭✭✭Captain Havoc


    morninwood wrote: »
    the interest charged would be pretty much the same i believe.

    getting the finance deal arranged through the bike shop would just be handier for me. for a loan i would have to go to the bank and we all know the ridiculous opening hours this bunch have.

    I work in a shop (not a bike one)that offers finance. Basically what we offer is an 18 month interest free thingy that'd take a while to explain. If you go over the 18 months you'll end up paying 23%APR. They're all done through a third party and are similar. I wouldn't recommend them personally and I'm sure an overdraft or a personal loan from your bank would be the best way forward.

    https://ormondelanguagetours.com

    Walking Tours of Kilkenny in English, French or German.



  • #6
    kennyb3
    Registered Users, Registered Users 2 Posts: 6,724 ✭✭✭kennyb3


    Thanks lads, a credit union and bank would surely be much cheaper


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  • #7
    liamo
    Registered Users, Registered Users 2 Posts: 1,193 ✭✭✭liamo


    kennyb3 wrote: »
    Thanks lads, a credit union and bank would surely be much cheaper

    Credit Union FTW. Quick turnaround plus you usually get an interest rebate at the end of the year. I don't bother with the bank for loans for bike-sized purchases any more.


  • #8
    kennyb3
    Registered Users, Registered Users 2 Posts: 6,724 ✭✭✭kennyb3


    liamo wrote: »
    Credit Union FTW. Quick turnaround plus you usually get an interest rebate at the end of the year. I don't bother with the bank for loans for bike-sized purchases any more.
    thanks,i would of said credit union in first place, but dont you need a certain level of shares? Give the poster said he 'don't have the cash lying' i kind of assumed this. but if he does have a CU account its the first place he should go. very flexible re repayments


  • #9
    cdaly_
    Registered Users, Registered Users 2 Posts: 6,440 ✭✭✭cdaly_


    I take it you can't get the bike to work scheme at work? If you can and your work recoups the money by weekly sarlary deductions, you're getting an interest-free loan with up to 42% discount on the bike...


  • #10
    SerialComplaint
    Registered Users, Registered Users 2 Posts: 2,644 ✭✭✭SerialComplaint


    kennyb3 wrote: »
    thanks,i would of said credit union in first place, but dont you need a certain level of shares? Give the poster said he 'don't have the cash lying' i kind of assumed this. but if he does have a CU account its the first place he should go. very flexible re repayments

    Some credit unions require shares, but others don't. Each CU sets their own rules.


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