Friday, 7 June 2019

0% finance to buy your Brompton?

Brompton are now offering 0% finance  allowing  you to spread the cost of buying your new Brompton bicycle.

You can get 0% finance on any stock bike (and accessories) from £700 to £5000.  It can be offered up to a period of 24 months.

There is naturally some criteria to be eligible:

  • Over 18 years old
  • UK resident for 3 x years
  • Have a UK bank account
  • Have a credit or debit card
  • Have a stable income
  • Aware that a credit check will be carried out on application
The example figures on the Brompton website quote a Brompton B75 costing £745, a deposit of £25 which over 24 months would mean a monthly payment of £30. The finance is handled by a company called Duologi. 

It's a pretty good option and a great idea. The only fly in the ointment is the fact that finance is only available on stock bikes. This means that if you want 0% finance on your new bespoke bike you won't be able to...yet. If this proves popular it may well be offered on any bike apart from stock ones. 

I do have to say thought, as much as I think this is a great option, if the company you work for offers one of the cycle to work schemes I would suggest this is a much better option. With this you can save anything between 25-39% off the overall price. 

Still, 0% finance is certainly going to appeal to many and worth further investigation if it works for you. 

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