Smart man.

I did the same thing in December, plus, we financed a bunch of furniture at 0% over the last year. Both were a fraction of my income, but the money was free. I wasn't getting a lower price paying cash.

As for bikes and repos, as mentioned there is really no enforceable lien on a bike when financed. Bike financing is typically done on a credit line/credit card basis. Those companies make their money off the interest rate, and play the odds on default. Plus, if you can get a $10k bike financed, you likely have a really good income and really good credit, both of which make you a good risk. The riskier business is the $1k bike and loan that just about anyone can get.