I bought a road bike from someone who had to sell it to pay off his newer bike.
I can believe it. I was shocked recently by an exchange between a couple people I know. Apparently you can finance $200 televisions because it's a disaster on par with your house catching on fire if your TV breaks down and you can't immediately replace it.
Quote from: ender on September 24, 2016, 03:38:37 PMI bought a road bike from someone who had to sell it to pay off his newer bike.I know lots of guys like this. They have 8-10 bikes, and before buying a new one they need to sell one of the old ones. Though I think this is more to appease the wife, rather than some financial requirement.
I don't think I'd go through the hassle of financing for what would most likely be an insignificant sum of money (given that it's for a bicycle)
Quote from: Tjat on September 24, 2016, 04:35:09 PMI don't think I'd go through the hassle of financing for what would most likely be an insignificant sum of money (given that it's for a bicycle)Have you priced new, decent bicycles lately? I've been riding a circa 1992 road bike since college. Did a big fundraiser ride a few weeks ago, and caught a bit of the "new bike bug" after seeing some really nice-looking bikes there. Then I went online and saw some prices. Holy crap.
Four years ago I was shopping for road bikes. Picked up a brand new trek that was 45% off because it was last year's color scheme. Same exact bike and components, just a different color. I was blown away that the bikes where being sold by year.
Have you priced new, decent bicycles lately? I've been riding a circa 1992 road bike since college. Did a big fundraiser ride a few weeks ago, and caught a bit of the "new bike bug" after seeing some really nice-looking bikes there. Then I went online and saw some prices. Holy crap.
I for one have been pricing some new, decent bikes! At $400, this would fit the bill for me: https://www.amazon.com/Diamondback-Bicycles-Complete-Performance-Metallic/dp/B0132I8ZL2/. I for one couldn't begin to imagine spending 2-10x for minuscule improvements in weight and components.
Quote from: FrugalLakes on September 27, 2016, 07:48:43 AMFour years ago I was shopping for road bikes. Picked up a brand new trek that was 45% off because it was last year's color scheme. Same exact bike and components, just a different color. I was blown away that the bikes where being sold by year.I noticed the significant discount for last year's models as well. Not quite 45% off online, but maybe they're lower in the stores.
I was just in the bike shop - needed a new brain bucket and patch kit. Low and behold, what did I spy at checkout? One of those brochure holders with flyers from a local credit union offering bike purchase financing.Oh my.....now I know a nice high end MTB or carbon frame road bike can set you back 3-5k, but WTF Batman?