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

MSE_Jenny
MSE_Jenny Posts: 1,312 MSE Staff
First Post First Anniversary Combo Breaker
edited 23 May 2018 at 2:08PM in Marriage, relationships & families
This is the discussion to link on the back of the blog. Please read the blog first, as this discussion follows it.


Read "Is it cheaper to buy - rather than rent - your kids' bikes?" Blog.


Please click 'post reply' to discuss below.

Comments

  • Slinky
    Slinky Posts: 9,976 Forumite
    Name Dropper First Anniversary First Post
    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 £2024 in 2024
    Prolific to 29/2/24 £184.97, Chase Interest £11.88, Chase roundup interest £0.18, Chase CB £16.96, Roadkill £1.10, Octopus referral reward £50, Octopoints £6.30 to 31/1/24, Topcashback £4.64, Shopmium £3
    Total £279.03/£2024  13.8%

    Make £2023 in 2023
    Water sewerage refund: £170.62,Topcashback: £243.47, Prolific: to 31/12/23 £975, Haggling: £45, Wombling(Roadkill): £6.04,  Chase CB £149.34, Chase roundup interest £1.35, WeBuyBooks:£8.37, Misc sales: £406.59, Delay repay £22, Amazon refund £3.41, EDF Smart Meter incentive £100, Santander Edge Cashback-Fees: £25.14, Octopus Reward £50, Bank transfer incentives £400
    Total: £2606.33/£2023  128.8%

  • thriftylass
    thriftylass Posts: 3,981 Forumite
    Name Dropper Photogenic First Post First Anniversary
    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 Posts: 5,527 Forumite
    First Anniversary Name Dropper First Post 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 Posts: 178,092 Community Admin
    Photogenic Name Dropper First Post
    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...
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