Thinking about getting a new bicycle but worried about the cost? You have come to the right place! High-quality bicycles can be a significant investment, but taking out a bicycle loan can make this purchase much more attainable and manageable. Here are the four most significant benefits of opting for a bicycle loan with BikePay:

1. Access to Better Bicycles

One of the biggest advantages of a bicycle loan is that it allows you to afford a better bicycle than you might be able to buy outright. Many high-end bicycles come with advanced features like superior suspension systems, lightweight frames and top-of-the-line braking systems.

As you likely know, these features not only enhance your riding experience but also improve your safety. With a loan, you can spread the cost of the bicycle over a period that suits you without straining your budget.

2. No Deposit

Another great benefit of a bicycle loan is that there’s no need for a deposit. This means you don’t have to dip into your savings to make the purchase, and you can keep your savings for life’s unexpected events. Essentially, you get to save money while still getting the bicycle you want.

3. Manageable Monthly Repayments

A bicycle loan breaks down the total cost of the bicycle into smaller, more manageable monthly repayments. This way, you don’t have to fork out a large sum of money upfront. Instead, you can budget for a fixed monthly payment that fits comfortably within your financial plans.

This makes the purchase much less stressful and allows you to enjoy your new bicycle without worrying about immediate financial strain. With BikePay, you decide the loan amount and loan terms, so you are in full control of your money.

4. Simple Eligibility Criteria

At BikePay, we understand that financing should be straightforward and accessible. That is why our bicycle loans come with simple eligibility criteria, making it easier for you to get approved. As long as you meet our basic requirements, you can secure a loan and get the bicycle you have been dreaming of without jumping through ridiculous hoops.

Taking out a bicycle loan is really a no-brainer when you look at the many benefits it provides. It also doesn’t matter what type of bicycle you are looking for because we can finance both new and used bicycles – our personal bicycle loans cover them all.  So, if you are eyeing that dream bicycle, consider the advantages of a bicycle loan and visit BikePay for hassle-free bicycle loans in Australia!