Re: Need an interest-free loan?
 

Surely this is how they make money,transfer fee and people with the best intentions but one slip and your interest free borrrowing suddenly becomes expensive.
Either save up for what you want or shop about in the market for the lowest rate.
If we are talking buying a bike there are loads of 0% deals about at the minute.

Re: Need an interest-free loan?
 

All the above points are true, and it IS all about arranging your payments so no interest occurs. MoneySavingExpert.com is full of excellent advice on this, thanks James.

For new bikes there are lots of 0% deals, but I was especially thinking about those who could buy a second hand bike, cash, from a private seller AND maybe upgrade their leathers, luggage, tools etc as a 0% loan provided it was all paid off in time.

It's all about working the system in your favour and avoiding the charges using self-control and a calendar. This really isn't suitable for some people who are less rigorous with their finances, but for others it could be a very cheap way of managing debt - I'm not saying that all debt is bad, but it's about paying the least possible charges for that debt.

Of course, if you've already got an MBNA-managed card or a not-so-good credit record, this isn't relevant anyway!

And for me, it seems more likely that I'll be buying "a garden wall" rather than an SV1000, as Mrs Tallguy has the controlling opinion in this matter.

Coming, dear...