Originally Posted by rosefarts

In 1996, my junior year in high school, I financed my ProFlex 855. Had it paid off within the first three months as it was a 90 days no interest type of thing.

Just mentioning this as an example that bicycle financing is nothing new. I believe every major manufacturer offers some credit option and most shops work with a lender.

Repossession though. I’m not sure. It’s extremely easy to hide a bike. Easy to trash it to the point of being almost worthless. And certainly anyone going to bank auction is looking for a screaming deal.

The lenders are probably happy enough to wreck your credit, charge tons of late fees, and eventually call a collection agency.

So even without the repo guy, don’t buy things you cannot afford.