Is it cheaper to rent - rather than buy - your kids' bikes?

MSE_Jenny
MSE_Jenny Posts: 1,317 MSE Staff
Part of the Furniture 100 Posts Name Dropper Combo Breaker
This is the discussion to link on the back of the blog. Please read the blog first, as this discussion follows it.




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  • Slinky
    Slinky Posts: 10,861 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Buy secondhand, almost any sized bike can be found for under £100, my neighbour reconditions bikes not sold in auctions and sells little ones for around £15-£20 and makes money doing so.
    Make £2025 in 2025
    Prolific £229.82, Octopoints £4.27, Topcashback £290.85, Tesco Clubcard challenges £60, Misc Sales £321, Airtime £10.
    Total £915.94/£2025 45.2%

    Make £2024 in 2024
    Prolific £907.37, Chase Intt £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus referral reward £50, Octopoints £70.46, Topcashback £112.03, Shopmium referral £3, Iceland bonus £4, Ipsos survey £20, Misc Sales £55.44
    Total £1410/£2024  70%

    Make £2023 in 2023  Total: £2606.33/£2023  128.8%



  • thriftylass
    thriftylass Posts: 4,033 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Renting as mentioned in that blog seems more expensive than buying. DS first bike was a balance bike from Tescimo (£30 lasted him 2 years and now his sister's), then he got a new 12inch for £100 from Halifords that blasted another 3 years. Then he got a £300 for £144 in the sale that'll last him at least 3 years. All under £5 a month and no extra cost.
    DEBT 02/25: total £6100 Debt free date 12/25
  • NBLondon
    NBLondon Posts: 5,670 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I suspect this is the same question as PCP for cars... If it's important to have the newest and keep changing, then it might be a better deal. If not, as said - buying secondhand and passing down to siblings is probably better (though not from the point of view of the last child....)
    I need to think of something new here...
  • System
    System Posts: 178,283 Community Admin
    10,000 Posts Photogenic Name Dropper
    When my kids were little and had bikes i wanted them to have fun on them and not be worried about the state the bikes were in when they had finished with them cause they had to go back. Buying them, worth every penny...
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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