Really, people buy bikes on Finance? I cam imagine some kind of R2W deal but not straight out out finance.
I know folks buy guitars on finance but relatively, they last a lifetime.
Yep, V12 Finance was already mentioned here iirc. All the big bike retailers have used it for years.
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Missed that bit, wow.
It means they can focus on selling finance which is more profitable than bikesâŚor anything.
Yes, like cars.
Iâll only negotiate on price if you take out this shit finance deal, that will cost you way more in the long run. Sucker.
With my Propel I paid about 50% deposit with the other 50% on interest free, and that was after a 40% discount. Paying something like ÂŁ140PCM and got about 4 payments left so itâs spread the pain a bit.
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Is it that much different to a 0% credit card really as other have said theyâve done.
I paid my bike off for 12 months with V12 at 0% because getting it coincided with building work on the house and I couldnât defer the builder payment and I didnât want to wait a year to save up.
I will have it for many many years.
Ah zero % then no issues for me, that just makes sense (provided you arenât paying full MSRP and couldâve got some off for cash).
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That properly is jokes.
I bought the premium version (so better) off a clubmate, also with ultegra di2, for ÂŁ2,300. The wheels heâs âclaimingâ are on it are a bit better, but mine came with an old 404 rear with a built in powertap hub that I now use on my old road bike to give that bike power. Mine also came with a tririg front brake, which by itself was worth >ÂŁ100
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V12 is generally 0% for up to 24 months if you whack an x% deposit down.
S-Work SL6 Di2
ÂŁ1900 deposit
ÂŁ400pcm for 24 months.
Thatâs bang on MSRP.
Why would you put down another ÂŁ9,600 for it there and then, when you can have that liquidity?
Loads of high street jewellers also offer finance through V12 on stuff like watchesâŚwhich is one reason why you see more people wearing luxury watches.
ÂŁ1,100 deposit and just ÂŁ225pcm for a Rolex you say? Ah, go on then.
Because youâd be saving ÂŁ1900!
ÂŁ400pcm for a push bike 
. Just add on the mortgage and the luxury SUV payments 
Seriously though, some people must be sailing very close to the wind every month.
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My Canyon was 500pm, but that was only for 6m
Yeah, but you donât have kids yet. They cost $1miiiiilion a month each.
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And thatâs just the value of the various cereal that you hoover up from the floor in a given month.
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Yeah, when theyâre off our hands, I was thinking of getting a motor yacht with the spare cash; nothing hugeâŚabout 80-100ft.
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Why waste your money on a motor yacht when you can buy a cube aerium
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Sorry, I meant âanotherâ ÂŁ9.6k.
0% finance with deposit at MSRP.
The price you pay is the same. ÂŁ11.5k.
Youâd hope youâd be able to get a discount with âcashâ (even if thatâs a bank financed loan or credit card) why?
The bike retailer pays V12 a percentage of the sale price for 0% agreements, depending on the term of the agreement. 24 months attract the highest fee. But V12 also give some shops funds back by acting as an intermediary/credit broker.
@Jorgan - Regarding sailing to close to the wind, itâs a decent observation.
Stats show there are ~54 million adults in the UK, estimates are that 12 million of them have low financial resilience. However, I doubt itâs that cohort who are buying Cube Aeriumâs 
Debt default rates show just how close it is, with 6% of households missing at least one payment in October 2020, versus 4% for the previous month.
I didnât say Iâd hope youâd get a discount for cash, I said âif there is oneâ, if there isnât, take the 0% deal, if there is, work out much the discount is worth vs the liquidity you may need and that will be different for everyone. For example for me, ÂŁ200 on that amount over 24mth would buy me some liquidity, ÂŁ500 and weâre having a different conversation.
0% deal providers gamble on a % of the borrowers defaulting (and they arenât all set up the same, miss one payment and you pay interest on the lot, some you pay no interest provided itâs caught up and settled by the term).
After that, youâre encouraged to keep that line of credit open a la AGC. In then end, like CCs, they arenât designed for fiscally responsible people. Theyâre after the âwant it now, canât see round the cornerâ types.
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I meant the general âyouâ not you 
And yes, those types of finance companies do work on people defaulting and paying interest.
Or not, but then theyâve got your details and can sell other products to you.
I think we on here all agree that there are far better things to be bought for that sort of money and you donât need to spend that amount for some âfreeâ speed (as in not trained for it, but bought it)
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