This crazy idea popped into my head a couple of days ago. Why not buy a bike and attach it to a bike rental company to earn on rentals. Then after 3 years it is yours.
WickedRide (WR) has this option - you buy the bike and REGISTER IT IN THEIR NAME. Then the bike gets ridden for 3 years post which you need to transfer it back to your name.
The returns are between 3 - 17%. (Why bother with a 3% return).
WR hires out bikes with 500cc and above for 10 hours minimum on weekdays and 24 hours on weekends.
I am hesitant to walk into the doors of WR for fear of being sucked into buying a big bike.
One caveat is that the company should stay in business. I tried to hire a bike from a rental last week, and at 12:30 at noon they hadn't even opened shutters. So plenty of chaff out there.
Has anyone tried this? Your experiences please.




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