We’re excited to announce our partnership with Transport Mutual Credit Union (TMCU), supporting their innovative Green Road Loan, designed to help finance environmentally sustainable forms of transport, including E-Bikes!
The Greenroad features include no ongoing fees, a low variable interest rate and the ability to make extra repayments at any time.
Plus, purchase your bike through Tribe Bikes and TMCU will waive the $220 establishment fee!
What is the GreenRoad Loan
The GreenRoad Loan allows you to finance a number of different e-vehicles, including Tribe Bikes, on a 1 to 7 year repayment term. You pay weekly, fortnightly or monthly instalments and at the end of the term you’ll own your bike outright!
All you need to do is:
- Complete the checkout using “Green Road Loan Quote” as the payment method;
- You will receive instructions on how to apply for a Green Road Loan;
- Apply online for a GreenRoad loan;
- Once your approved, we’ll get you out and about on cargo bike adventures as soon as possible!
Why rent when you can own for less?
By financing your bike purchase over a 2 or 3 year term, the weekly repayments becomes less than the cost of leasing your bike, plus at the end of the loan you will own your bike outright! Let’s take a look at how much you could save by buying your bike with a GreenRoad Loan, compared to a popular bike leasing subscription.
Below we’ll compare the total cost of a Tribe Evamos Longtail and Accessory Bundle ($4,489) financed over a 3 year term using a GreenRoad loan, compared to an equivalent bike leased through a popular subscription service. Costs of the GreenRoad Loan are accurate based on the prevailing interest rate in January 2023.
| GreenRoad Loan | Lease | |
|---|---|---|
| Establishment fee | $0 | $0 |
| Weekly Cost | $46 (2 year term) | $71 |
| Annual Service | $150 ($300 total) | $0 (included) |
| 2nd hand sale price | $3,000 | $0 |
| Total Cost | $2,084 | $7,384 |
You can see above, over 2 years you can purchase a Tribe Evamos for just $46 per week with a GreenRoad Loan. Assuming at the end of the loan period you are done with your cargo bike (we guarantee you won’t be!) and you’ve kept it in good condition, a sale price of $3,000 is conservative on the 2nd hand market, bringing your total cost of 2 years of family fun to just over $2,000! That would barely get you a weekend on the Gold Coast these days!
Alternatively, you could lease your bike with a bike subscription service and pay almost 4 times as much over the two year period.
Fast approval and no establishment fees
Once you’ve received a quote from us, we’ll provide you with a code to have the $220 establishment fee waived and within just a few days you’re application will be assessed. If approved we’ll have your bike out to you in no time!
Family fun without the upfront cost!
We know the upfront cost of a cargo bike can make it unaffordable to many. Now with a GreenRoad loan you can get out and about with just a small upfront commitment, plus with buying rather than leasing you own your bike outright at the end of the term. Sounds like a great deal to us!
