Home gym with an exercise bike.

Financing Your Exercise Bike

Looking for financing for a new exercise bike? We can help you get an offer, even if you have no credit or even bad credit. Take a minute and get your offer and you could be shopping for your new exercise bike as a cash buyer.

First, how much do you want to spend on your exercise bike?

Exercise bikes at a gym, purchased with financing.

Financing Your Fitness

These days exercise equipment is in high demand and it does not come cheap. That is where exercise equipment financing can help. We can help you get an offer for the money that you need and, if approved, your lender will deposit money directly into your bank account. That will allow you to shop for your new exercise bike as a cash buyer. Shop any store you like and get the exact bike you want for the best price.

So now, how exactly do you go about getting your offer? We make it incredibly easy, here is all that you need to do.

First, you need to fill out the form at the top of the page. Luckily, it only asks for some very basic information such as how much you would like to borrow and how you make your money. You will also need to fill in your banking information because, if approved, your lender will send funds directly to your bank account. That will allow you to shop for your gear just like any cash buyer.

Next, submit the form and wait for your offer. If approved, one lender will make you an offer and you will be sent to their website to view it. We ourselves are not lenders, but instead, get you access to a large group of online lenders. This is a good thing for you because more lenders means more chances of getting an approved offer from one of them.

Once you have your offer, carefully review the details of the loan. Make sure that you can afford the installment payment and that the cost of the loan is not too high. Keep in mind that you are financing an exercise bike so, if the cost is too high, you should likely turn down the loan.

Purchasing Your Exercise Bike

If you decided to accept your loan, you now get the pleasure of shopping for your new exercise bike. Make sure that you take your time because there are literally hundreds of different bikes on the market. Being a cash buyer, you can shop wherever you like, so you should get the bike that works best for you.

First, decide what type of bike that you want. There are bikes for spinning, standard exercise bikes and, of course, recumbent bikes. It would be a good idea to visit a sporting goods store and test out a variety of bikes to determine which style that you like the best.

Once you have a bike style in mind, take a look at the offerings from different manufacturers. What kind of features do they offer and which appeal to you the most? Do you value the idea of a big electric display or do you favor simplicity? Like the smooth resistance provided by magnetic resistance or would you like something more basic? If you spend a little time researching online, you will likely be able to come up with a brand that you like and hopefully an exact model of bike.

The last step is to search for the best price for the model that you have selected. You can shop locally or online to get the best deal. You have a lifetime ahead of you to get fit, so take your time and find that great deal. If you save enough, you could even take the extra money and put it towards other fitness gear. Can you say Pilates machine?

Deciding On Your Loan Offer

If you are on the fence as to whether or not to accept your loan for an exercise bike, here are some things to think about.

Is the payment affordable?

Hopefully you have a budget already, but if not, it is time to make one. Write down all of your bills and then add the potential financing payment. Compare this to your take home pay and see how things look. If your budget will be tight and you can not make a few cuts, you should probably turn down the loan.

Is the loan cost too high?

This is exercise bike financing and if you have bad credit, it could be costly. An exercise bike is something that you can do without, so if the loan cost is too high for you, you should probably pass on the loan. How high is too high? That is something that you will have to decide for yourself. Everyone will have a different answer to this question.

Can you get the exercise bike another way?

Finally, can you pay for the exercise bike in another way besides financing. Maybe you can sell some property, get a part time job or simply search for a cheaper used bike.

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