Search News

Results: 81-90 of 1874

Start again

11 Mar 2020

The ACT's new infographic that helps you to know what to look out for when choosing the right finance provider

11 Mar 2020

Rides on Air has been in Wallingford town centre for almost 100 years. Read about how they will be celebrating Local Bike Shop Day this year!

10 Mar 2020

France is the latest country to legislate the prevention of e-bike tuning

9 Mar 2020

After a year's hiatus the competition is back by popular demand for London Bike Show 2020

5 Mar 2020 | 1 comment

Local Bike Shop Day Stories is an initiative that helps to spread the word of the positive impact that local bike shops have on their local communities

4 Mar 2020

Let your customers know about London Bike Show and help them save 40% on the standard ticket price of £18!

3 Mar 2020

IRC member, ACS,has called on the Government to get on with its fundamental review of business rates after broadly dismissing recommendations made by the Treasury Select Committee

27 Feb 2020

The Government has issued guidance to assist employers and businesses provide advice to staff on the Coronavirus and how to preventthe spread of all respiratory infections

26 Feb 2020

CyclingIndustry.News' third annual Independent Retail Study is now available to purchase in full

26 Feb 2020

The ACT returned to iceBike* 2020 and focussed on three core initiatives; Ride it away, Cytech and Local Bike Shop Day

Your route to the right finance provider

Posted on in Business News , Cycles News

Buy now pay laterFollowing on from the ACT mini-series, Choosing the right finance provider, avoid the pitfalls, the Association of Cycle Traders have created an infographic to make it as clear as possible what to look out for when choosing the right finance provider for you.

We know that more customers are spending using retail finance as the latest figures from the Finance and Leasing Association (FLA) identify that UK consumers now spend nearly £800 million every month on goods and services using retail credit.

The cycle retail finance landscape is currently experiencing many changes; providers consolidating, a lack of funds meaning providers have had to close and providers withdrawing from the market. Some of these scenarios have left cycle businesses high and dry.

This issue is being increasingly reported on by the media, with reports of Buy Now Pay Later services encouraging snap buys and causing consumers to become financially over-committed, these companies have also been accused of misleading customers and negatively affecting credit scores.

To avoid these pitfalls the ACT have provided a number of warning signs to look out for and steps to follow to ensure that you and your customers are being looked after during the retail finance process, as well as getting the best value for money.

Ride it away, Retail Finance

If you have any questions about the points above, or you would like more information about Ride it away retail finance contact the ACT or visit the website.

Add a comment

It is quicker to comment when you login

Your email address will only be used to contact you regarding this comment. We will not share your email address with anyone and it will not be published on the website.