Originally Posted by
topflightpro
No. Bicycles do not hold value well nor is there a standardized secondary market for them. No lender would ever take a bicycle as collateral.
They'll just keep sending monthly bills, letting the interest accrue until they give up and send it to collection, ruining your credit.
have you looked at the used market lately? i'd say they are holding their value too well. covid and shortage related i'm sure.