Originally Posted by
smd4
Wonder why no shop I ever worked in during the 1980s/90s ever offered financing?
Maybe because they didn’t need to?
Obviously the finance wasn’t there back then, but did they sell as many high-end bikes as they do today? Most of our local shops never even sold premium level bikes. There was literally one high-end shop in the city where I used to lust over the pro level bikes I couldn’t afford. Today I can think of a dozen local shops selling pro tier bikes.
Same with cars. Before financing was commonplace not many people were driving around in expensive cars. Now you see premium cars all over the place. Households that would have only owned 1 car 40 years ago, now typically own 2 or 3.