Re: I ride bicycles..
04-06-2012 09:58 AM
StrateUp - if you can wait, wait. My friends who are serious bikers usually have 2-3 bikes becuase they always need a back up bike. Do you have a back up bike you could use until you close? Can you borrow a bike from someone until you close?
If not, ask a family member or a friend to "borrow" the money from. Have them pay for the bike and you can pay them back with monthly payments until you close on the house. After you have signed and are in the house, then give the person a lump sum.
If you definitely have enough in reserves to pay for down payment, closing, and 2-6 months of reserves, then use some incoming money (don't pull from savings) to get a new bike.