[Picard]

I only finance an ebike when I'm riding nude.

ewww. Didn't I mention no naked pictures?

 

[jeffbinco]

I want to keep bike forever until it dies.
Warranty is 3yrs

"Forever" and "until it dies" are unlikely to be the same. Does the 3 year warranty cover drivetrain and suspension? Or just the "e" parts?

 

[jeffbinco]

ewww. Didn't I mention no naked pictures?

Are the nude photos income generating? That makes it a work vehicle.

 

[Horseshoe]

Sounds like a great way to spend 8k on something that will be worth 3k in a year.

The only things I've ever financed in my life were my primary residence and part of my education. Toys can wait til I have the cash on hand.

 

[Bikedog22]

Cash on the hood. Not only that but there's usually a cash discount on items. I always ask.

I just went and got tacos. 4% off for cash. 4% fee for swiping a card.

 

[armyofevilrobots]

I want to keep bike forever until it dies.
Warranty is 3yrs

Judging from what I've heard about ebike reliability lately, that means forever means 3 years plus one day.

 

[Shawn in da Canyon]

Trek has zero % financing. And you can use it on bikes other than Treks.

 

[fogby]

First problem is asking a bike forum for financial advice.

Second problem is buying an e-bike.

Third problem is financing said bike.

 

[lvdukerider]

I never thought i see the words "finance" and "bicycle" in the same sentence. Im not advocating it but besides destroying someones credit what do they do if you dont pay them back? Bicycle repo man?

 

[chazpat]

Buy ebike using crypto. I sell you special ecrypto for purchasing eobjects.

 

[stripes]

I never thought i see the words "finance" and "bicycle" in the same sentence. Im not advocating it but besides destroying someones credit what do they do if you dont pay them back? Bicycle repo man?

Bicycle financing has been going on for a long time now.

 

[Jayem]

Is it good idea to buy ebike on financing?

what do you guys suggest?

no smart ass comments.
no poetry
no naked pictures.

Yes

 

[SouthSoundRider]

ewww. Didn't I mention no naked pictures?

Well it’s your fault imagining me nude right now.

 

[natas1321]

I don't believe in financing anything, if I can't pay cash then I cannot afford it. But if there is no other option for you then maybe it works.

 

[006_007]

Well it’s your fault imagining me nude right now.

Let me guess, it's really cold right now?

 

[Noob1999]

$0 interest for a year or something would be ok

Agreed if you pay the bike off in a year. (Even then personally I wouldn’t)

@Picard do you realize this will be your future?

 

[Nat]

You buy a bike you can’t afford
On credit it comes, the debt is stored
The ride is sweet, the payments sour

D’oh! You specifically said “no poetry.”

 

[PuddleDuck]

This question reminds me of the saying "if you need to ask how much a Rolls Royce costs, you can't afford one"

Here's some thoughts. It's a bad idea unless it meets a bunch of the following criteria:

• you're medically challenged and can't ride normal bikes anymore
• 
  
• you have plenty of income so can pay it off quickly if you choose to
  AND if your job is made redundant you can definitely get another one quickly
• 
  
• the group of people you ride with all have e-bikes,
  AND will throw you out of the group unless you ride an e-bike,
  AND you value hanging out with those people more than you value money
  AND you can't find a new group who still ride normal bikes
• You buy a bike with the most reliable motor system
  AND from the brand with the best reputation for warranty
• AND possibly from a local shop who knows you and will advocate for you if something goes wrong
• 
  
• As mentioned by others...
  ...you can claim the thing as a HUGE tax deduction.

 

[weeksy950]

Is it good idea to buy ebike on financing?

what do you guys suggest?

no smart ass comments.
no poetry
no naked pictures.

The finance agreement will last longer than the bike

 

[mark2404]

Just a thought, I’ve no idea if the US has anything similar but in the UK, the Consumer Credit Act gives quite a bit of buyer protection for anything purchased on credit, which is over and above any warranty offered by the manufacturer.

When you enter into a credit agreement you enter into a tri-partate agreement; you, the supplier and the credit company. This means that in the event of something going wrong you can pursue both the supplier and the credit company for it to be rectified. It’s in your interest because you want goods fit for purpose, it’s in the credit companies interest because they want you to pay them & it’s in the shops interest because keeping the credit company sweet means they can continue to use their credit facility (thus increasing potential sales). It kind of forces people to rectify issues. Obviously, wear and tear, poor treatment or neglect & misuse aren’t covered, but say the supplier goes out of business you still have some comeback.

So, if e-bikes are as unreliable as some people suggest, there might actually be a benefit to buying on credit.