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At Mighty Velo, we understand that buying a high-quality folding bike is an investment, but that doesn’t mean it needs to break the bank. That’s why we’re excited to offer 12-month instalment plans with 0% interest—making it easier than ever to own the folding bike of your dreams. With this plan, you can spread the cost of your bike over a full year without paying any additional fees or interest.
But our instalment plans aren’t just for customers unable to afford the full upfront payment. Even if you have enough savings to afford the full price of one of our folding bikes, it might be worthwhile to consider our instalment plans! There are several benefits instalment plans offer even to those with sufficient cash on hand.
Still unsure whether our instalment plans are right for you? Here are eight reasons why it’s a great option for your next folding bike purchase.
1. Make Your Dream Bike More Affordable
We know that a high-quality folding bike is something worth investing in, but paying for it all upfront can feel daunting. Our 12-month installment plans let you break down the total cost into easy, manageable monthly payments—without any extra interest. If you’re living on a tighter budget each month, or a fixed income, then this can make financial planning much easier.
For example, if you wanted to buy one of our higher-end models, the Birdy Rohloff (that currently costs $5,599), you’ll pay just under $500 per month over 12 months, with no hidden fees or surprises. This way, you can choose the bike you’ve been dreaming of, without fretting over a large initial financial cost.
Whether you’re eyeing a speedy Birdy JK11 Road or a rugged JK11 Gravel, our instalment plans make it easy to fit your dream bike into your budget.
2. Flexibility Without Compromising on Quality
One other issue with a large upfront payment for a bike is that you’ll find yourself financially constrained for the next few months. You might have to hold off on getting bike accessories, or on taking the bike on an overseas cycling trip, until you have a bit more money back in the bank. Or, you might have to delay getting other things that you want, or find yourself having to scrounge on Christmas gifts or family dinners.
That won’t be the case with our 12-month instalment plans! You’ll still be getting a top-of-the-line folding bike without compromising on your other goals and desires for the next few months. By paying for your folding bike gradually over time, you’ll have more money to spend in the meantime, giving you more flexibility with what you can afford to purchase!
This flexibility means you can also consider adding premium accessories like racks, pannier bags, or lights without worrying about stretching your finances too thin. A better bike and more accessories lead to a better riding experience – and with our instalment plans, they’re all within reach.
Either that, or bring your brand new bike on an overseas cycling tour with you! The possibilities are endless.
3. Manage Your Cash Flow
Even if you have the full cash amount to pay for a folding bike upfront, using a 12-month instalment plan can be a smart financial decision. Rather than depleting your savings or spending a large chunk of money all at once, you can spread the cost over a year. This keeps your cash flow steady and allows you to maintain liquidity for other day-to-day expenses or larger purchases.
For instance, if an emergency or unexpected expense comes up—such as home repairs or medical costs —you’ll still have the funds available without worrying about draining your bank account. On the flip side, if an exciting opportunity presents itself, such as investing in stocks, mutual funds, or simply placing the money in a high-interest savings account, having cash on hand will allow you to possibly grow your wealth. And thanks to our instalment plans, you’ll still be able to enjoy riding at the same time!
Choosing an instalment plan with 0% interest is like borrowing money for free, letting you keep a healthy financial buffer. This way, you can enjoy the luxury of a new folding bike without feeling the strain on your budget.
4. Hedge Against Inflation
In times of rising inflation, money today is worth more than money tomorrow. By opting for a 12-month instalment plan, you’re essentially locking in the current price of your folding bike and spreading the payments over time, while the value of each monthly payment diminishes in real terms due to inflation.
Imagine inflation rises by 3-4% over the next year. Paying the fixed instalments means you’re effectively paying less in future value than you would have if you paid the full amount upfront today. The cost of your bike remains stable, but the real value of your payments decreases as inflation chips away at the buying power of each dollar.
This makes an instalment plan a smart move for those who are mindful of the long-term value of their money. You’re still paying the same price for your bike, but the purchasing power of the cash you’ll pay in 12 months could be lower than it is today, making your instalments feel more affordable over time.
5. Commitment With Less Opportunity Cost
When you're saving up for a big purchase, like a folding bike, it’s easy to change your mind halfway through or feel tempted to spend the money elsewhere. Emergencies, unplanned expenses, or even different financial priorities might arise, causing you to dip into your savings before you reach your goal. This can be frustrating, and in the end, you might find yourself delaying the purchase or missing out on it altogether.
By opting for a 12-month instalment plan, you’re essentially locking yourself into smaller, manageable payments every month, ensuring that the bike you want becomes yours sooner rather than later. This commitment can have a psychological benefit—it’s like a savings plan where you get to enjoy the product upfront while paying for it gradually. Instead of needing the discipline to save a lump sum on your own, the plan takes care of it for you.
At the same time, because the amount you need to “save” is a small sum each month, you’ll still have plenty of cash on hand to spend on other things you’re interested in, lessening the opportunity cost of the “savings”!
In many ways, it’s a more secure and less stressful way to make large purchases without worrying about whether your savings will still be intact when you’re ready to buy. Plus, knowing that your monthly payment is fixed and already planned for gives you peace of mind and helps you better manage your budget.
6. Start Riding Right Away
Why wait until you’ve saved up the full amount to start enjoying the benefits of a new folding bike? With our 12-month instalment plans, you can take your bike home immediately and start cycling right away! Instead of pinching pennies for months while eagerly waiting for the day you get your dream bike, just pay with an instalment plan to enjoy its full benefits right off the bat, with no extra charges!
Whether you’re looking to improve your fitness, enjoy leisurely rides, or make your commute more efficient, you’ll have your bike in hand and ready to go. With how unpredictable life can be, you’ll be glad to have your dream bike in hand sooner than later, in case something disrupts your plans. Our instalment plans are here to help you start reaping the rewards of cycling right away, while your payments are spread out over the year.
7. 0% Interest Saves You Money and Worry
Unlike many other financing options that tack on interest or fees, our 0% interest plans ensure that you’ll only pay the exact retail price of your bike—not a cent more. This means you can enjoy the convenience of splitting your payment into smaller amounts without paying any extra for the privilege. If you’re someone who has trouble keeping track of loans or interest, or someone who gets anxious over snowballing fees, our instalment plans will put you at ease!
No interest, no extra charges – just a straightforward way to afford a high-performing folding bike over time while keeping more of your money in your pocket.
8. A Hassle-Free Payment Experience
We believe that financing should be as easy as riding your new bike, which is why our 12-month instalment plans are designed to be simple and hassle-free. No interest, no sign-ups, no stress. Just bring a UOB, OCBC, or DBS/POSB credit card to our retail store and let our helpful staff know you intend to make use of our instalment plans!
You’ll enjoy automatic monthly payments that are easy to manage and track, without any complicated terms or hidden surprises.
Everything is transparent: from the moment you make your purchase, you know exactly how much you’ll be paying each month. With no interest and no hidden fees, you’ll benefit from a worry-free way to finance your bike and enjoy the ride.
Conclusion
Owning a folding bike is a great investment in your health, your lifestyle, and your freedom—but it doesn’t need to be a financial burden. With our 12-month instalment plans, you can enjoy the folding bike of your choice right now while spreading out the cost with 0% interest. That means no extra fees, no stress—just a flexible, affordable way to get the bike you’ve been dreaming of. Even if you have the funds for a full upfront payment, instalment plans may still benefit you, as shown above.
Whether you’re a daily commuter, a cycling enthusiast, or someone looking to stay active, our instalment plans are the perfect way to get started today. With premium folding bikes at your fingertips and payments that fit into your budget, there’s never been a better time to make your purchase.
