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

MSE_Jenny MSE Staff Posts: 1,311
Part of the Furniture 100 Posts Combo Breaker
MSE Staff
This is the discussion to link on the back of the blog. Please read the blog first, as this discussion follows it.

Please click 'post reply' to discuss below.


  • Slinky
    Slinky Forumite Posts: 9,247
    Part of the Furniture 1,000 Posts 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 £2023 in 2023
    Water sewerage refund: £170.62,Topcashback: £177.96, Prolific: to 31/8/23 £663.90, Haggling: £45, Wombling(Roadkill): £4.98, Interest: Jan-Aug £66.98, Chase CB £107.33, Chase roundup interest 65p, WeBuyBooks:£8.37, Misc sales: £383.39, Delay repay £22, Amazon refund £3.41, EDF Smart Meter incentive £100, Santander Edge Cashback-Fees: £25.14, Octopus Reward £50
    Total: £1730.73/£2023  85.55%
  • thriftylass
    thriftylass Forumite Posts: 3,981
    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 09/23: CC 6347 5120, Other 1763 NSDs 0/20 Planned debt free date: Dec 2024
  • NBLondon
    NBLondon Forumite Posts: 5,408
    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....)
    Wash your Knobs and Knockers... Keep the Postie safe!
  • System
    System Community Admin Posts: 178,000
    10,000 Posts Photogenic Name Dropper
    Community Admin
    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 discussion has been closed.
Meet your Ambassadors


  • All Categories
  • 338.7K Banking & Borrowing
  • 248.6K Reduce Debt & Boost Income
  • 447.5K Spending & Discounts
  • 230.6K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 171K Life & Family
  • 243.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards