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  1. #1
    El Gorrrriiii
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    How did you buy your bike ???

    For the most this is not a cheap hobby. A typical bike is about $400-$500 which can be just about a typical American's weekly salary for an entry bike, If you upgrade to 29er's, carbon or FS bikes they can be as expensive as 4-5k for a bike. People don't make that in a month. So with the cost of living going through the roof and our bills getting higher and higher. What type of funds did you use to buy your bike.


    I charged mine to the "game" ... Visa game that is for my Giant 29er.

  2. #2
    Quiet Professional
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    Saved and purchased a new old stock in box 2011 giant reign for 1500. Now if I can just find a bike for my wife like a 2011 cypher 2.

  3. #3
    El Gorrrriiii
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    That was a great deal. Currently looking for a Anthem 29 or a Trance 29er.

  4. #4
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    I bought the ancestor of mine on a 'pro deal' through the shop I worked at about 14 years ago. It was about half a month's salary at the time. I had taken a line of credit to buy a computer and spent half on the computer, half on the bike. I paid off the line of credit with student loans when I started college. I still pay on my student loans. I've since swapped out items piece by piece using my monthly income, including the frame and all that remains of the original bike is the right shifter and the rear derailler.

  5. #5
    I like turtles
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    Bought my Stumpy by charging it (as I do for most big purchases) and then subsequently paying it off the next month. You are assuming a lot of people don't make $4-5K/month, but plenty of folks do...or more! The weekly salary you figure is ~$26K a year...that is fairly low for a "typical" salary. Average annual income in the U.S. is somewhere around $45K last I saw. I should also that I have always helped my gear addiction by selling my old stuff to help buy new stuff. I have also bought used to save money and bought a lot of things when I worked at a shop in college and got a discount; I still have quite a bit of it!
    Last edited by TiGeo; 01-21-2013 at 04:28 PM.
    Geologist by trade...bicycle mechanic (former) by the grace of God!

    2012 Specialized Stumpy EVO 29 HT

  6. #6
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    When I left my previous job, They'd gave me €1500,- extra money on reservations. I've sold my Haibike Edition RX hardtail for like €500,-, then I'd had enough cash to buy my dreambike, a Cube Stereo. But now, after 3 months, I discovered the big world of upgrading. Beautiful parts, but small wallet.

  7. #7
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    I saved my extra cash while waiting for the frame to arrive and bought it when I had the dough. Then repeated 4 times for my other bikes...

  8. #8
    Andrew
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    Sold off my previous bike which covered ~35% of the new bike, then used my company end of year bonus to pay for the rest.
    2012 Trek Superfly 100

  9. #9
    govt kontrakt projkt mgr
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    cash

  10. #10
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    I'd been paying-off a 2010 Anthem X3 on a lay-by plan at a LBS. The agreement was to pay for the bike within 12 weeks. I had a lot still to pay and I had a good win on the pockies and put the entire winnings on the bike.

    Warren.

  11. #11
    3/4ton Hotrod
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    Got paid, went to bank, got cash, purchased bike lol

  12. #12
    nOOb
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    Credit card for my most expensive bike, probably paid about $100 in interest on the $3,500 it cost as it took a few months. I didn't have the money at that moment, but I couldn't pass up the deal and I needed the bike.
    All my other bikes ($3,300, $550, $750, $1,650) I paid with credit card for the protection and paid them off immediately after.

  13. #13
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    Uncle Sam's tax giveback.

  14. #14
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    did months of research, then got a timely bonus... it was either a bike or a trip to cuba with the better half... but to make it up to her i bought her a santa cruz juliana from a friend....
    Team Van Go
    Santa Cruz Heckler
    Rocky Mountain Element 70
    Salsa Mukluk - Fat Bike!
    http://www.teamvango.ca

  15. #15
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    Saved and bought it. We ONLY buy things we have the money to buy. Cash only household. If we put it on a card it gets paid off at the end of the month. Debt free is the only way to live... well, minus a mortgage.
    Small ring in front makes it easier. Small ring in back makes it harder. That blows my mind.

  16. #16
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    Traded an old high-end road bike for it ... Straight up !!

  17. #17
    El Gorrrriiii
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    Quote Originally Posted by TiGeo View Post
    Bought my Stumpy by charging it (as I do for most big purchases) and then subsequently paying it off the next month. You are assuming a lot of people don't make $4-5K/month, but plenty of folks do...or more! The weekly salary you figure is ~$26K a year...that is fairly low for a "typical" salary. Average annual income in the U.S. is somewhere around $45K last I saw. I should also that I have always helped my gear addiction by selling my old stuff to help buy new stuff. I have also bought used to save money and bought a lot of things when I worked at a shop in college and got a discount; I still have quite a bit of it!
    Well I figure there are several people with low income jobs compared to more fortunate people with middle america income. Either way a Bike is still a big investment. Several people can make that before taxes but once uncle sam takes his cut your left with more pennies than nickels. Either way I am looking into getting a Trance X and the chunk its worth is a prettyyyy penny.

  18. #18
    El Gorrrriiii
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    Quote Originally Posted by ArmySlowRdr View Post
    cash
    Classic !

  19. #19
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    There aren't many things better when you are my age than they were 30 years ago, but one of them that is, for me at least, is when I decided I needed a new bike during 2012, money was not part of the decision criteria. I could get whatever I wanted for cash and not think twice about it. And that's what I did.

  20. #20
    El Gorrrriiii
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    Quote Originally Posted by freakybro View Post
    Money was not part of the decision criteria.
    Must be nice...
    Giant Talon ... with a few upgrades

  21. #21
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    Figure out what I wanted, save up the cash, then comb Craigslist and other sources for the right one. Bought my family's last 4 bikes this way and saved a ton compared to buying new. Now, does anybody want to buy a sweet classic Merlin?

  22. #22
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    During the fall and winter months to spring I pay for the bike and it takes about six month to pay for it (layaway) , but I wont be doing that much longer, for the past three years I bought a new bike every season going to ride my new bike for at least two years. Its taken me three years to figure out what I value most in a bike. Also some winters out here last 5 months so lots of time to save. Newest Bike I,m saving for is the Norco Sight 650b 2.

  23. #23
    Rogue Exterminator
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    For years I have followed a couple rules to buying.

    1) If it is a toy, you pay cash.
    I have paid cash for every motor bike and bicycle I have ever owned.
    Sure, the bike is an investment in your health, but a high dollar one is not a necessity.
    So, if you can't afford a $3k bike with cash, then get a cheaper bike.
    Plenty of good choices for $500 or less and if you can't save $500 then you shouldn't have a credit card.

    2) Try and pay cash for anything that depreciates in value.
    i.e. I pay cash for cars. I have done so for about 6 years.
    I used to finance and just got to the point where I realized that is stupid.
    Of course, I settle for what I need and not what I want when it comes to a car but I certainly like not having a car payment over my head and the freedom not owing on a car provides me.
    However, if your wants take over, at minimum you never finance the taxes and dealer fees, and you should even pay down the depreciated value of the vehicle before signing on the loan.


    Financing a bicycle is just foolish IMO.

    BTW, I do not make a lot of money, I just budget myself.

  24. #24
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    Cash

  25. #25
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    Cash, the same way I buy everything except my house.

  26. #26
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    Lbs!

  27. #27
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    Education

    Take the time to get a good education, get a good job, and mange your money wisely. But it takes far more patience and sacrifice than most people are wiling to make. I always pay cash for my bikes.

    <p align="center"><img border="4" src="http://stevenjwolf.com/mtbike/images/Big-Bike.jpg"><br>
    Last edited by Wherewolf; 01-21-2013 at 07:31 PM.

  28. #28
    9 lives
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    Sold old bike put that money toward new bike and paid cash
    F*ck Cancer

    Eat your veggies

  29. #29
    Never Forget 9-11
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    Ordered a new 29er frame, wheels, and fork from my LBS. Moved all parts that would work from a 26 that I was riding to complete the build and get it running. Over the next year or so I upgraded components on the 29er and rebuilt the 26 until I had 2 complete bikes.
    It's such a fine line between idiocy and genius.

  30. #30
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    Cash (which includes credit cards that are paid in full each month).

    One caveat: if there's a 0% deal, then I'm a firm believer in using other people's money and making sure it's paid off on time.

    I also buy end of the year deals and/or sale bikes, typically.

  31. #31
    Rogue Exterminator
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    Quote Originally Posted by skiahh View Post

    One caveat: if there's a 0% deal, then I'm a firm believer in using other people's money
    Absolutely, but I am guessing most people who are willing to finance a mountain bike either don't have the credit to get 0% or won't have it for long. lol

    (Using a credit card and paying it off at the end of the month is not financing, it is just getting your rewards points lol)

  32. #32
    govt kontrakt projkt mgr
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    Using the credit card also protects from fraud, which debit cards are notorious for. I will write a check.... or use a credit card and immediately do an account to account transfer.


    Quote Originally Posted by kjlued View Post
    ........Using a credit card and paying it off at the end of the month is not financing, it is just getting your rewards points lol)

  33. #33
    Rogue Exterminator
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    Quote Originally Posted by ArmySlowRdr View Post
    Using the credit card also protects from fraud, which debit cards are notorious for. I will write a check.... or use a credit card and immediately do an account to account transfer.
    I will agree.

    I use my credit card for online purchases and also when traveling.
    But I pay it off before the end of the month so that is not financing.

  34. #34
    mtbr member
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    Credit card. Then I transfer the balance to a zero interest credit card and pay it off in a year. I like to borrow money for free!

  35. #35
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    Bought my first bike (26er HT) with cash and sold it less than a year later to upgrade. Upgraded that bike with a better fork and then sold it 2 years later to move from HT to FS. Fully upgraded this bike and kept it for 5 years. Parted it out and bought a new FS which I again fully high end upgraded. I killed that bike in a really bad accident but I salvaged what I could and built up my first 29er (an HT). Once I was ready to switch back to a FS, I parted the 29er HT out and bought a 29er FS frame which I once again fully tricked out.

    All the while, I was selling parts to help pay for new parts AND slowly building up a surplus of used parts.

    This hobby is not cheap but it's a heck of a lot cheaper than many other hobbies out there.

  36. #36
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    My old trek that I found on craigslist was finally worn out. It was covered with stickers and had been
    nicknamed the "old jalopy". I needed a new bike but didnt want to pay new bike prices so I started looking at my LBS demo fleet. I didnt realize that even demo bikes are still expensive.

    Finally my dads estate was closed out and I inherited a little money so I used part of it to buy a 2010 Turner 5 spot demo and I have been happy since.
    Keep The Rubber Side Down

  37. #37
    Gears... I hate gears
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    Cash. When I whipped out my wad of Lincolns and Washingtons the LBS owner asked if I was a stripper. It was truly a lot of 1s. LOL

  38. #38
    On wuss patrol
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    Quote Originally Posted by freakybro View Post
    money was not part of the decision criteria.
    Mine neither. I traded a cow and a handful of chickens.
    Sometimes, you need to go fast enough that the trail is a blur to find clarity. -- Wild Bill

  39. #39
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    Dual enrolled my senior year of high school and took online courses so I could work while still taking classes. Saved up a lot of money between work and a few other hobbies and was able to buy a brand new Slayer 70 for $3400 off jenson last year when I was still 18.

  40. #40
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    This is an interesting thread. Being as though I don't own a bike under $2K, and still have "entry level" bikes, I'd be really interested to seeing what you can get for $500 these days. My first bike, in '96 was a GT Outpost Trail that I bought for $550 and I added a suspension fork for $200.

    Having said all that BS, I've bought several bikes in my days most of which I saved up for, but for one I made payment arrangements with the LBS.
    The secret to mountain biking is pretty simple. The slower you go the more likely it is you’ll crash.
    - Julie Furtado

  41. #41
    Rogue Exterminator
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    Quote Originally Posted by woahey View Post
    I'd be really interested to seeing what you can get for $500
    I have a Marin Bolinas Ridge 29er that was reg $699 and I got on sale at REI for $499.

    Not the best by far but it is a great bike and it takes me everywhere my friends go with their $3k+ bikes with just as big of a smile on my face at the end of the day.

    Also, for $500 you can get a little bit higher end bike if you shop used.

    Plenty of bikes out there for $500 or less that will reliably take you on any trail if you just shop around.

    BTW, I ride mostly Pisgah and DuPont so yes I am hitting difficult trails.

  42. #42
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    Got married, started graduate school (and counted it as moving for a job since we were getting paid) all in the same year. So the best tax return I've ever received got me a bike.

  43. #43
    Inspector Gadget
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    I've worked hard to be where I am in life today. I started a full time job the Monday after I graduated high school. While most of my friends fawked off all that summer and then left for college. Mommy and daddy didn't buy me a fancy car or pay for me to go to college. My adult life started Monday after high school and it was "sink or swim". Everything I have, I learned and I earned it the hard way.

    18 years later I still work in the same industry. Im not ashamed to buy expensive things I can afford. Don't let the envy bug eat you alive, worry about yourself and what you can do. Live within your means, set goals and strive to accomplish them
    I hope you have a big trunk... cause I'm gonna put my bike in it!

  44. #44
    Pirate!!!
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    I agree with abeacstead, I've been working my Arse off in the same field since I was 16, I make a good living and I'm glad I can pay for my addiction, well, almost.
    Last year I was really wanting to add more bikes to the stable, I had to decide where I was going to pull a substantial amount of money without going in debt. So I sold my truck.

    that was a tough decision to make! But it free'd up enough cash that I was able to buy an older truck, and really deck myself out with new bikes. Best decision I'd made in a long time! How did you buy your bike ???-imageuploadedbytapatalk1358837069.809906.jpg a year later I'm looking around trying to find what else I can sell to fund a new Fatbike.
    Attached Thumbnails Attached Thumbnails How did you buy your bike ???-imageuploadedbytapatalk1358836765.579566.jpg  


  45. #45
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    Quote Originally Posted by kjlued View Post
    Not the best by far but it is a great bike and it takes me everywhere my friends go with their $3k+ bikes with just as big of a smile on my face at the end of the day.

    Also, for $500 you can get a little bit higher end bike if you shop used.

    BTW, I ride mostly Pisgah and DuPont so yes I am hitting difficult trails.
    If you shop used, you can definitely get a higher end bike than that.

    If you look at the differences between your Marin and a Rocky Mt 930 it really boils down to components. I've ridden all sorts of bikes throughout my life and a bike with nicer components will feel better and last longer.

    Please don't take this personally, because if you ever do upgrade your components or buy a bike with higher end components you'll realize you're a better rider than you thought and will be leaving your buddies at Pisgah in the dust.
    The secret to mountain biking is pretty simple. The slower you go the more likely it is you’ll crash.
    - Julie Furtado

  46. #46
    dirtbag
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    Bought my first mt bike a Giant Sedona ATX in 1990 with cash, actually put it on layaway. Took a couple weeks to spring it from the bike shop but I was happy when I did. Every bike since has been with cash. i learnt early on in college that credit sucks. they should really ban those credit card hawkers on campus and have a mandatory credit card course. I bought a Salsa Warbird Ti last week with cash now that I'm in a much better spot financially. I drive a 2000 Nissan pickup, don't wear fancy clothes or jewelry but I do splurge on stuff I like - bikes, beer, bacon and b1tches!
    Amolan

  47. #47
    Serenity now!
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    Quote Originally Posted by reedfe View Post
    Cash. When I whipped out my wad of Lincolns and Washingtons the LBS owner asked if I was a stripper. It was truly a lot of 1s. LOL
    Classic!

    I have a second job to pay (cash) for my toys, and I bought a gently used bike.
    Duchess of Dab

  48. #48
    Rogue Exterminator
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    Quote Originally Posted by woahey View Post

    Please don't take this personally, because if you ever do upgrade your components or buy a bike with higher end components you'll realize you're a better rider than you thought and will be leaving your buddies at Pisgah in the dust.
    No offense taken
    I mean I would be kidding myself if I thought my $500 nike (well $700 msrp) was every bit as good as my buddies $3k bike. I mean it would be awesome if I did trip over the golden goose of value but I am realistic.

    The choice was simple for me.
    New bike with a little lesser but new components and warranty.
    Used bike with better but used components and no warranty.

    I like warranties when spending larger chunks of money.

    I do also understand the difference good components make.
    I had a DB Overdrive prior to the Marin and it was horrible.
    Thank God for warranty because I was able to get my money back and get the Marin which I am very happy with.
    I will eventually upgrade but I am in no rush to. The components on my Marin are not that bad and for now they are getting me where I need to go. As far as leaving my friends in the dust, I already do that some and keep up decently with others but that is not my goal anyways.

    Either way, you can get a trail worthy rig new or used for $500 if you shop around.

  49. #49
    jrm
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    Sold a lot of stuff

    i had accumulated over the years combined with my tax return.

  50. #50
    Professional Crastinator
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    Ahh, the world of creative financing.

    When I was in school, I borrowed money from 3 people to buy my first MTB, but anymore I do not buy unless I have the money saved. I don't live high off the hog so that's not a big deal, and I HATE spending money on vehicles, so I save a good bit there for other, more important things.
    I did buy a bike in anticipation of selling an old one, and then been stuck for awhile because the old one wasn't selling. It caused me to go without new, red ano. CK hubs.
    How did I ever survive such trying times?

    -F
    It's never easier - you just go faster.

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