Empower your Finance with Cycle Sale for Finance

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hey guys today I wanted to talk to you about financing an electric bike now obviously you can pay for electric bike in a variety different ways you can use cash credit card check you could potentially barter I don't know trade but one of the things that comes up quite a bit in our shop similar to a car or these days even a cell phone or electronics is people finance so we have a couple different options and really a lot of different shops have options as well but for our shop we generally recommend two companies so in the shop we work with a company called synchrony Bank and they do a 12-month no interest financing and I say no interest but really there is an interest so like if you pay like within those twelve months you don't pay any interest but if you try to pay beyond that you can kind of get yourself in some trouble so just be mindful of that and then we also have a company called clarinha which is available on our website and with that you can do 12 month no interest in a similar sort of fashion just keep in mind you always want to make sure you pay like within that 12 months because they take it pretty seriously and and I think some people get kind of caught in that mix and they end up paying a lot of interest so Clara also has an option to do three years at a 10% interest so that's another cool option but we also find that some people work with their own bank or credit union and I found that you can usually even go to a credit union and do it something similar to purchasing a car I think oftentimes they can think of it in somewhat of a similar way and you could generally get a relatively low interest rate sometimes just a couple percent and the benefit of that is that you can generally span it over a longer period of time so say you want it to finance for four or five years or something like that so really cool option and something to consider we're gonna put some of the links below for some of these different companies that you could potentially work with but feel free to just reach out to us if you have any questions about that as well but I think it's a good consideration because sometimes people feel limited by our budget I mean it is a big expense and financing is available and it makes other modes of transportation and things like that accessible to people so why shouldn't that apply to electric bikes I mean really in the future what we do see is more things like leasing at the moment this is not so available in the US but I do see that in the near future and actually in Europe it's quite popular and it makes things much more accessible we plans to do a larger video in the near future about the economics of a bike ownership overall but I just wanted to put this video out just to give a little bit of insight as to how financing works and and really to introduce people to the idea because you might not necessarily consider it and you might feel limited by your specific budget at the moment but maybe if you spread it out longer you can buy a bike that's more reliable and might suit your needs a little bit better in the long term which I'm certainly a big fan of I really think that it's better to buy quality once as opposed to buying you know junk and then just continually replacing it so hope you found this video to be useful if you have any questions just leave them in the comments below or just reach out to us and I'll see you soon