Are you considering buying a bicycle? We are not surprised, as most cities in our beautiful nation accommodate cyclists with dedicated cycle paths, which are well-used.
All over the country, there are world cycle champion events and plenty of triathlon and cycle racing events. The combination of good weather, infrastructure, health and fitness, environmental awareness and leisure activities contribute to the high number of cyclists in Australia.
For many, bicycles are also a mode of transport to get to work, school and university. From utility to comfort and durability to fuel efficiency to spending less time in traffic, it makes sense to own one. However, bicycles can be expensive in Australia, with prices depending on the type, quality and features. Taking out a bicycle loan has many benefits.
The Key Advantages
- Less Financial Strain
Even if you have upfront cash available, you should not disturb your monthly budget by spending all your money on buying a bike. You never know what emergency might arise. Choosing a bicycle loan is the best way to prevent any financial burden.
- Access to Premium Features
A bicycle loan allows you to explore a broader range of bike options. You could finance a bike with advanced features such as electric assistance or high-performance components. High-quality bikes can be expensive and a loan allows you to afford a better model without upfront costs.
- Improves Credit Score
A healthy credit score is important for future loan approvals. A bike loan might be a good place to start when ramping up your credit score. By making your regular payments you will positively affect your credit score and make your future loan approvals quicker and easier while lowering interest rates.
- No Hassles
You might need urgent transportation or a bicycle for health and fitness reasons. Cycling is a great way to stay active, and a loan helps you invest in your health. At Bikepay, we understand that you might need to get on the road without delay.
With us, you can compare lenders, loans and rates with our hassle-free loan process. Experience the ease of our straightforward 3-step process, ensuring you access your funds without delay. It is even possible to have a loan approved the same day!
A bicycle loan helps you access the bike you need while keeping your budget intact. Apply for one with Bikepay; contact us for a seamless process from start to finish.