27-10-13, 01:05 PM
Never a borrower or a lender be.
My thinking is that if you get a loan, then you have a loan to pay for as well as the bike, and now that cash is king again, you pay more for the bike when you take a loan, and then add in the hit from depreciation.
PCP might be better than a loan or not, but surely a shroud cash buy is hard to beat. If I ain't got the cash, then I can't afford it.
Anyway what about older bikes. There's many ten year old summer sunny Sunday bikes popping up for sale now and again. If I can find some cash in the spring, now that my garage is almost finished, well I might just...................
My thinking is that if you get a loan, then you have a loan to pay for as well as the bike, and now that cash is king again, you pay more for the bike when you take a loan, and then add in the hit from depreciation.
PCP might be better than a loan or not, but surely a shroud cash buy is hard to beat. If I ain't got the cash, then I can't afford it.
Anyway what about older bikes. There's many ten year old summer sunny Sunday bikes popping up for sale now and again. If I can find some cash in the spring, now that my garage is almost finished, well I might just...................