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Best Electric Bike Financing Options

Get your dream e-bike with the help of these finance companies

As the state of global warming worsens, the best solution experts have for now is to go green and lessen the carbon footprint we create. Going green can simply mean choosing a better alternative to somewhat everything we do. Need a ride to work? Instead of using your car, why not try cycling? Perhaps why not try the greener option - electric bikes.

Electric bikes boomed to popularity not only because of its unique pedal-assist feature but also its eco-friendliness. It’s a zero-emission vehicle meaning it doesn’t give off any harmful gases to the atmosphere so you have nothing to worry about. However, this kind of convenience comes with a price. E-bikes are a bit expensive. But hey, expensive doesn’t mean impossible!

While e-bikes dominate the roads, you can hop on the trend while it’s still hot. With the help of financing, you can have your dream e-bike delivered right to your doorstep. Here are the best financing options for electric bikes.

1. Klarna

There are 3 types of financing options Klarna offers:

1. Flexible Month-to-Month - purchasing under this category is similar to having a traditional credit line. It allows you to spread the cost of your purchase over time for up to 36 months. 

There will only be a simple, 2-step application and an instant approval decision comes right after. Once your application is approved, you’ll receive reminders and can manage your payments directly in the Klarna app.

2. Planned Payments - this option allows you to purchase certain orders with a reduced Annual Percentage Rate (APR.) From there, you will have a fixed monthly payment and the APR will depend on Klarna’s current promotions.

3. No Interest if Paid in Full - in this option, interest is deferred during the promotional period only if the entire balance is settled before the expiration date. Take note you still have to make the minimum monthly payment.

2. Paypal

When it comes to financing, PayPal is perhaps the most prominent company in the world. PayPal provides various ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. 

Depending on the e-bike store you're purchasing, PayPal grants customers to enjoy different perks. It may be with a minimum amount of purchase spread throughout a maximum time of payment or other terms.

For Electric Bike Paradise Customers, PayPal offers financing for e-bike purchases over $99! Not only that, you will incur NO INTEREST if you’re fully paid within 6 months. 

PayPal credit is a  reusable credit line that is accepted in many stores or anywhere PayPal is accepted. It is subject to credit approval and there is a required minimum monthly payment. Just fill out a quick application, and get a credit decision in seconds. Make sure you have a PayPal account when you apply for their financing.


3. Shop Pay Installments

Shopify made shopping even more convenient with Shop Pay. With this financing option, you can choose to pay in full at checkout or later. When you prefer the latter, Shop Pay lets you split your total  purchase into 4 equal, interest-free installment payments. This covers purchases ranging from $50 to $3,000 and there are no additional charges, interest rates, or late fees passed on to customers.

With Shop Pay option, you can enjoy quick approval or real-time decision, easy payments, and no hidden fees. 

 

An electric bike is one of the best things you could purchase online. It takes you to farther places more quickly and provides many health benefits. It can serve as your primary mode of transport, an adventure buddy, or travel mate. There are countless types of electric bikes you can choose from and you can find them here at Electric Bike Paradise. We didn’t call it “paradise” for no reason so check out our available Financing Options and see you at the checkout page!

See? You are much much closer now to your dream electric bike. Which financing option do you prefer the most? Tell us in the comment section below!





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