is this a dodgy bike deal?
- Thread starter bunter
- Start date
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voodoochilli
Active Member
- Location
- Knighton, POWYS
If it's £250 cheaper, and now you have this information - I would evaluate how much the risk involved is to you. If you buy it, it's unlikely for the credit card company to take it from you, just make sure you get a receipt. AND haggle with him so its £500 cheaper...offer him cash
RiflemanSmith
Senior Member
- Location
- London UK
Tell him to knock another hundred off and he has got a deal.
Davidc
Guru
- Location
- Somerset UK
Run
well I phoned the bike shop where he's getting it and they told me they dont give a shoot cos theyve got the money. so I asked for the finance company and phoned them and they told me they dont give a shoot what he does with the bike after he's bought it, the deal they have is with him and he's the one they would chase.
phew, glad thats sorted. off to get the bike later, my first full carbon, happy days...
phew, glad thats sorted. off to get the bike later, my first full carbon, happy days...
uphillstruggler
Legendary Member
- Location
- Half way there
not knowing the ins and outs, my response is this, lets hope you dont turn up and get a bang on the back of the head and the money taken 
BrianEvesham
Mask is gone!
- Location
- South Littleton, Evesham.
I'd leave alone.
Archie_tect
De Skieven Architek... aka Penfold + Horace
- Location
- Northumberland
Must be an incredibly expensive bike if he can knock £250 off the price to you and not be losing out on the price he paid on interest free credit...
cheap way to borrow money though... people could borrow money on interest free credit and invest it for a fixed term and get reasonable interest on money they've never had as long as they've got the monthly payments covered....
cheap way to borrow money though... people could borrow money on interest free credit and invest it for a fixed term and get reasonable interest on money they've never had as long as they've got the monthly payments covered....
biggs682
Itching to get back on my bike's
- Location
- Northamptonshire
at least he has been honest
That is how most house mortgages work .......
smokeysmoo
Legendary Member
- Location
- Bolton, not very far from Nob End
I'd also stay well away from this bike and the seller TBH.
There are loads of great genuine used bikes out there, many that have hardly turned a wheel since the Olympics.
Hope everything works out, but, I wouldn't even buy a second hand carbon jobbie off a family member TBH, never mind someone who'd already lied to me.
I think it's probably a very dear way to borrow money. I've yet to see anything sold with interest free credit that couldn't be bought considerably cheaper with cash, I was looking at a bike from a store with a 15% discount which couldn't be used with the credit option. Then I assume that the £250 saving is against the best price available, so the seller has paid over the odds, then sold at a discount. Say it's a £1250 bike, it could probably have been bought for £1100, discount £250 off that and sell for £850, there was probably a 10% deposit of £125, so he's borrowed £725 and owes £1125. still think it's a clever way to raise money?
Either he's a crook and has no intention of paying back the loan. Or he's desperate and grabbing at any way to raise money he can find.
- Location
- The TerrorVortex
No, but if he's lied once, he'll do it again.
If someone's so desperate for cash that they'll buy something on credit and then sell it for £250 less than they paid, do you really think they'll pay the credit company? Or not report it stolen for insurance fraud?
I wouldn't just walk away - I'd run.
