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Interest Free 'FreeWheel' Bike Loan from Transport Mutual

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Interest Free 'FreeWheel' Bike Loan from Transport Mutual
Go to Deal
dealspider on 18/08/2017 - 11:28 transportmutual.com.au (411 clicks)

This is a great offer for anyone looking to buy a new bike.

Sorry I couldn't find the PDS. Will update later..

Upgrade your wheels

Upgrade your bicycle with a 'FreeWheel' bike loan* from Transport Mutual

You can now upgrade or purchase a new bike courtesy of our Freewheel Bicycle Loan with these great features and benefits:

  • Zero Interest
  • Loan Term up to 2 years
  • No establishment fees
  • No account keeping fees
  • No penalties for extra repayments or early payout.
  • Minimum loan amount is $1,000, maximum is $10,000
  • Loan for new bicycles only and
  • Funded directly to a bike shop within Australia only.

For the entire life of the loan!

To apply now, click here

Sports & Outdoors Bike Loan Interest Free No Account Fees

Related Stores

transportmutual.com.au
transportmutual.com.au

closed Comments

  • 1101011100010101 on 18/08/2017 - 11:44
    +1

    This is cool. Nice find OP

  • MITM on 18/08/2017 - 11:49

    $10 week (minimum)

  • 2ndeffort on 18/08/2017 - 12:35
    +4

    You are restricted to a $10K Bike so there goes the cunning plan to get the new BMC Roadmachine SLR01. Maybe a Focus Izalco max Disc or a custom Parlee Altum Disc instead? free money like a red rag to a bull for N+1

  • brentsbits on 18/08/2017 - 13:36
    -3

    If you need a loan to buy a bicycle, bicycles are too expensive

    • 00 on 18/08/2017 - 13:45
      +5

      What about a $2.5k eBike such as the Dyson? Gets you out of the car if you're within a reasonable ride for your daily commute. Headwinds and hills and arriving sweaty are a thing of the past. No public transport cram, no tickets, car parking or fuel. Them's ya savins right there

      • brentsbits on 18/08/2017 - 15:55

        Yeah, limited range etc. lengthy charge times (if you want to go a fair distance) makes it seem like not a great deal to me. Motorbikes are less expensive, get you there faster, easier to park, cheap on fuel etc.

        I mean that's a better option on my opinion but I honestly can't figure out how the mechanism to make an ebike costs $2k or so (the bike can't be worth more than $500)

        • dealspider on 18/08/2017 - 17:25
          +1

          Try this first :)

        • brentsbits on 18/08/2017 - 17:27
          +2

          @dealspider:

          Cars are also crap :-)

        • Russ on 18/08/2017 - 21:17
          +1

          Motorbikes are less expensive

          Unless you pick a 50cc motorbike, aren't there annual charges for registration and 3rd-party insurance? These don't exist for e-bikes.

          Also, almost all e-bike maintenance can be done at home with minimal tools and minimal skills.

          E-bikes (well, pedelecs to be precise) are allowed on bike paths.

          If you are an office worker, try taking your motorbike in the lift, and park it beside your desk. You'll get some strange looks from your co workers. Not to say this will be entirely absent with a pedelec, but it will be less.

          I do agree with you that e-bikes are overpriced though.

        • 00 on 19/08/2017 - 14:49
          +1

          Motorbikes require registration, a licence and insurance.

          Also, can't ride them on the designated bike paths - that in my scenario, make it a much quicker ride. I would easily beat a motorbike that would need to stop at traffic lights (where as there is no traffic lights on the bike path).

  • wosdam on 18/08/2017 - 13:47
    -1

    What about a stealth bomber? (Bike)

  • maxwellian on 18/08/2017 - 14:02
    -2

    Not a deal. This is the usual product offerings.

    And it involves a direct payment to the bike shop (when I last looked at it) which seemed to rule out much negotiation as well as quality brands such as Canyon. Should be a forum topic at best.

    • dealspider on 18/08/2017 - 14:38
      +1

      It is not excluding any particular brand as such. Canyon being only available through their website, would not be qualified as "bike shop within Australia only". There are so many other well-known brands available through Aussie bike shops you can choose from.

      About the negotiation, it is just another loan. Just like you buying a car I guess. You might want to try another shop I believe.

  • jayz on 18/08/2017 - 15:31

    I'm too lazy, but how does TransportMutual make profit?

    • dealspider on 18/08/2017 - 15:41

      This is what I found after quick googling.

      Also this was published on Bicycle NSW facebook

      On Wednesday we celebrated a great achievement with Transport Mutual Credit Union. In the last 3 years, they have approved $1 million in interest free loans for people to buy new bicycles! Lord Mayor Clover Moore attended the gathering to congratulate TMCU on behalf of the City of Sydney on a hugely successful program. Bicycle NSW thanked TMCU for their great work in supporting more people to ride good quality bikes. You can read about their achievement on this article by SydneyCycleways : http://www.sydneycycleways.net/million-dollar-milestone/

      • Matt P on 18/08/2017 - 21:07
        +1

        of course Clover attended, she doesn't have a licence, a bike would be the only way she could get around… if they taxpayer didnt pay for a driver

    • eDust on 18/08/2017 - 17:00
      +2

      I don't think credit unions are out to make six billion dollar profits like the big banks

  • olliestyles on 18/08/2017 - 15:41

    Any bike shops want to sell me a car?

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