Hi,

I want to buy a new bike from a particular website, and was looking at buying it using their 'interest free' option which they advertised on their website.

The bike costs £1850, it says that you need to put down a deposit of 10% to take advantage of the interest free option. When I sent them an email asking for the terms of the offer and to see what I had to supply to get the ball rolling they said that the price of the bike if bought outright was £1850, but to buy it using thr interest free option cost £2035 (about 10% more). They said the difference in price was because they had to pay the finance company 10% to set it all up etc and couldn't afford to absorb that by reducing the cost of the bike any further.

Can they state that this is an Interest Free deal when they bump the price of the product up by 10% to anyone who wants to buy using credit?! Seems to me like this is simply a loan at 10% interest!!

they were not honest from the word go

Apparently it happens quite a lot for high price goods like this...

I think it sounds dishonest!

Don't touch them with a bargepole. They sound well dodgy. They are not allowed to advertise 0% interest on a loan when it is not and this most certainly is not.

The Devil is always in the details, at least you had enough sense to check out the offer, ask yourself how many people who they have hooked in?

Definitely pays to dig deeper around these "offers"!

Its clever marketing. Naughty but clever. I had a job selling cars(only lasted 6 weeks it was a nightmare job!)

Anyway they had 2 exactly the same cars in the show room. One outside on an 0% interest deal at £7,500 and one inside on the normal finance or cash deal at £6,200. When I asked if they could do that I was told of course and to keep any prospecting buyers away from the 2 cars so as not to raise any suspicions!

So same product sold 2 different ways for 2 different amounts it pays to do your research!

Any chance a moderator can remove the link from the above post, it is blatant spam.