Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Marc Stock on July 02, 2018, 06:02:25 pm

Title: PayPal Working Capital
Post by: Marc Stock on July 02, 2018, 06:02:25 pm
Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?
Title: Re: PayPal Working Capital
Post by: Lee Pryor on July 02, 2018, 06:29:51 pm
Yep. I borrowed £16k off that last year. You set the repayment percentage. I went for the maximum of 25% so every PayPal transaction you have 25% goes towards repayment of the loan. You can set lower. Took me 10 min to set it up and the money was there straight away.
Title: Re: PayPal Working Capital
Post by: John Mart on July 02, 2018, 07:33:57 pm
I’d have thought it would be expensive.
Title: Re: PayPal Working Capital
Post by: Kev Martin on July 02, 2018, 08:37:57 pm
Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

I looked at it when it first came out!  The upshot is,  after calculating a typical loan  it is without doubt one of the most expensive ways to borrow I have seen.  Amazon do a similar rip off scheme as well.  If PAYPAL are offering you a loan, you will get one elsewhere at a much more competitive rate.  Then just pay it back out of your Paypal balance monthly.
Title: Re: PayPal Working Capital
Post by: dazmond on July 03, 2018, 10:14:30 am
im always getting offered paypal credit/30 month interest free credits cards,£20k low interest loans etc,etc.....but one credit card is enough for me (until the interest free runs out,then ill just get another interest free one)......my credit limit is £5,600.(not too high and not too low)

ive NEVER paid any interest on a credit card ever.... 8)
Title: Re: PayPal Working Capital
Post by: Marc Stock on July 03, 2018, 05:06:39 pm
Yep. I borrowed £16k off that last year. You set the repayment percentage. I went for the maximum of 25% so every PayPal transaction you have 25% goes towards repayment of the loan. You can set lower. Took me 10 min to set it up and the money was there straight away.

How do you classify the funds when you withdraw them to the business. Do you bring it in through the directors loan account as an asset? How do you show the account is being paid back if 25% of sales revenue is taken at source? As there will be no journal entries to show it.

Cheers
Title: Re: PayPal Working Capital
Post by: Marc Stock on July 03, 2018, 05:10:23 pm
im always getting offered paypal credit/30 month interest free credits cards,£20k low interest loans etc,etc.....but one credit card is enough for me (until the interest free runs out,then ill just get another interest free one)......my credit limit is £5,600.(not too high and not too low)

ive NEVER paid any interest on a credit card ever.... 8)

If you pay off your card in full at the end of the month; you will never be charged interest.
Title: Re: PayPal Working Capital
Post by: dazmond on July 03, 2018, 11:40:58 pm
im always getting offered paypal credit/30 month interest free credits cards,£20k low interest loans etc,etc.....but one credit card is enough for me (until the interest free runs out,then ill just get another interest free one)......my credit limit is £5,600.(not too high and not too low)

ive NEVER paid any interest on a credit card ever.... 8)

If you pay off your card in full at the end of the month; you will never be charged interest.


I mainly use my credit card for bigger purchases or for holidays abroad so just pay the lot in one go(say 2k)then pay it off £500 a month etc.....still no interest paid... ;)
Title: Re: PayPal Working Capital
Post by: G Griffin on July 04, 2018, 12:13:34 am
im always getting offered paypal credit/30 month interest free credits cards,£20k low interest loans etc,etc.....but one credit card is enough for me (until the interest free runs out,then ill just get another interest free one)......my credit limit is £5,600.(not too high and not too low)

ive NEVER paid any interest on a credit card ever.... 8)

If you pay off your card in full at the end of the month; you will never be charged interest.


I mainly use my credit card for bigger purchases or for holidays abroad so just pay the lot in one go(say 2k)then pay it off £500 a month etc.....still no interest paid... ;)
2k?
What's that for? A weekend in a five star hotel?  ;D
Don't you get charged 2% for using a credit card when booking your holiday?
Title: Re: PayPal Working Capital
Post by: Kev Martin on July 04, 2018, 06:58:17 am
im always getting offered paypal credit/30 month interest free credits cards,£20k low interest loans etc,etc.....but one credit card is enough for me (until the interest free runs out,then ill just get another interest free one)......my credit limit is £5,600.(not too high and not too low)

ive NEVER paid any interest on a credit card ever.... 8)

If you pay off your card in full at the end of the month; you will never be charged interest.


I mainly use my credit card for bigger purchases or for holidays abroad so just pay the lot in one go(say 2k)then pay it off £500 a month etc.....still no interest paid... ;)
2k?
What's that for? A weekend in a five star hotel?  ;D
Don't you get charged 2% for using a credit card when booking your holiday?

No Griff all been stopped
Title: Re: PayPal Working Capital
Post by: John Mart on July 04, 2018, 08:46:34 am
im always getting offered paypal credit/30 month interest free credits cards,£20k low interest loans etc,etc.....but one credit card is enough for me (until the interest free runs out,then ill just get another interest free one)......my credit limit is £5,600.(not too high and not too low)

ive NEVER paid any interest on a credit card ever.... 8)

If you pay off your card in full at the end of the month; you will never be charged interest.


I mainly use my credit card for bigger purchases or for holidays abroad so just pay the lot in one go(say 2k)then pay it off £500 a month etc.....still no interest paid... ;)
2k?
What's that for? A weekend in a five star hotel?  ;D
Don't you get charged 2% for using a credit card when booking your holiday?

No Griff all been stopped
But you surely get interest if you pay over 4/5 months for a holiday? I haven’t owned a credit card for 25 years I don’t think.
Title: Re: PayPal Working Capital
Post by: dazmond on July 04, 2018, 09:01:47 am
im always getting offered paypal credit/30 month interest free credits cards,£20k low interest loans etc,etc.....but one credit card is enough for me (until the interest free runs out,then ill just get another interest free one)......my credit limit is £5,600.(not too high and not too low)

ive NEVER paid any interest on a credit card ever.... 8)

If you pay off your card in full at the end of the month; you will never be charged interest.


I mainly use my credit card for bigger purchases or for holidays abroad so just pay the lot in one go(say 2k)then pay it off £500 a month etc.....still no interest paid... ;)
2k?
What's that for? A weekend in a five star hotel?  ;D
Don't you get charged 2% for using a credit card when booking your holiday?

NO you dont griff...not any more.companies are not allowed too......... :D
Title: Re: PayPal Working Capital
Post by: dazmond on July 04, 2018, 09:05:38 am
im always getting offered paypal credit/30 month interest free credits cards,£20k low interest loans etc,etc.....but one credit card is enough for me (until the interest free runs out,then ill just get another interest free one)......my credit limit is £5,600.(not too high and not too low)

ive NEVER paid any interest on a credit card ever.... 8)

If you pay off your card in full at the end of the month; you will never be charged interest.


I mainly use my credit card for bigger purchases or for holidays abroad so just pay the lot in one go(say 2k)then pay it off £500 a month etc.....still no interest paid... ;)
2k?
What's that for? A weekend in a five star hotel?  ;D
Don't you get charged 2% for using a credit card when booking your holiday?

No Griff all been stopped
But you surely get interest if you pay over 4/5 months for a holiday? I haven’t owned a credit card for 25 years I don’t think.

no you dont if you have an interest free credit card.you dont pay a penny!my interest free period is 30 months(2 and a half years).when this runs out ill simply get another 30 month interest free card,their always offering them me! ;D
Title: Re: PayPal Working Capital
Post by: Kev Martin on July 04, 2018, 09:15:49 am
I think we are talking at cross purposes here.  There is no doubt that people have interest free credit cards but until recently various airlines and retailers including me were charging between 2-5% for accepting payment by credit card.  This charge included those who have interest free cards because we were trying to recover what we were being charged by the credit card companies nothing more.  In essence the CC Companies were charging both the Cardholder and the retailer for the privilege of using their card.  What has changed is that the retailer, airlines are no longer allowed to charge a fee or a % for the use of Credit Cards.
Title: Re: PayPal Working Capital
Post by: dazmond on July 04, 2018, 09:17:09 am
im always getting offered paypal credit/30 month interest free credits cards,£20k low interest loans etc,etc.....but one credit card is enough for me (until the interest free runs out,then ill just get another interest free one)......my credit limit is £5,600.(not too high and not too low)

ive NEVER paid any interest on a credit card ever.... 8)

If you pay off your card in full at the end of the month; you will never be charged interest.


I mainly use my credit card for bigger purchases or for holidays abroad so just pay the lot in one go(say 2k)then pay it off £500 a month etc.....still no interest paid... ;)
2k?
What's that for? A weekend in a five star hotel?  ;D
Don't you get charged 2% for using a credit card when booking your holiday?

a week in a 5 star hotel (adults only) griff  all inclusive for me and missus.... 8)
Title: Re: PayPal Working Capital
Post by: dazmond on July 04, 2018, 09:21:20 am
I think we are talking at cross purposes here.  There is no doubt that people have interest free credit cards but until recently various airlines and retailers including me were charging between 2-5% for accepting payment by credit card.  This charge included those who have interest free cards because we were trying to recover what we were being charged by the credit card companies nothing more.  In essence the CC Companies were charging both the Cardholder and the retailer for the privilege of using their card.  What has changed is that the retailer, airlines are no longer allowed to charge a fee or a % for the use of Credit Cards.

so in essence you dont pay any extra for using a credit card and dont pay any interest on repayments during the long interest free period but you have better consumer protection than using a debit card if something goes wrong....lovely..... 8)
Title: Re: PayPal Working Capital
Post by: Kev Martin on July 04, 2018, 10:51:17 am
I think we are talking at cross purposes here.  There is no doubt that people have interest free credit cards but until recently various airlines and retailers including me were charging between 2-5% for accepting payment by credit card.  This charge included those who have interest free cards because we were trying to recover what we were being charged by the credit card companies nothing more.  In essence the CC Companies were charging both the Cardholder and the retailer for the privilege of using their card.  What has changed is that the retailer, airlines are no longer allowed to charge a fee or a % for the use of Credit Cards.

so in essence you dont pay any extra for using a credit card and dont pay any interest on repayments during the long interest free period but you have better consumer protection than using a debit card if something goes wrong....lovely..... 8)

Yes you are right!  But to counteract the Government initiative lots of retailers have either increased their prices to accommodate for the 3% charge that the CC Companies still levy, lowered their discounts or have stopped taking Credit Cards in payment ;D
Title: Re: PayPal Working Capital
Post by: Kev Martin on July 04, 2018, 11:09:37 am
Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

Marc

Here is a quick calculation for you!

Assuming you take in Annually £48000 in Paypal payments and you want to borrow £10000 you have to choose from your £4000 monthly income a percentage repayment between 10-30%.  So lets assume you go in the middle for 15% that is a repayment every month of £600 which will take 21 months to repay with a total fixed fee of £2318 because they don't charge interest ;D
This works out at an equivalent interest rate of around 28% plus and this is the best bit you pay them another £2520 in PAYPAL fees whilst you are paying them back.  So in essence borrowing £10000 over 20 months will cost you £4838.  Rates are even worse if you take less per annum for them but better if you take more so if you only took £40000 per year the cost would increase to £2982 another £664 because they would have to wait 26 Months for repayment then they would charge you the additional Paypal fees of £2600 making a total of £5582 for borrowing £10K over 26 Months.  Essentially they will only lend you a maximum of 25% of your annual Paypal income.

Cheap innit ;D ;D ;D

As a comparison Sainsbury's would possibly lend you subject to status £10K over 24 months for a total interest charge of as little as at best £280 but even if you were slightly naughty still less than £500.

SO WHO IS FIRST FOR A PAYPAL LOAN THEN?
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Title: Re: PayPal Working Capital
Post by: Marc Stock on July 04, 2018, 02:59:17 pm
Im not taking a loan anyway; nor do i need one.

Title: Re: PayPal Working Capital
Post by: Tom-01 on July 04, 2018, 04:31:30 pm
Yep. I borrowed £16k off that last year. You set the repayment percentage. I went for the maximum of 25% so every PayPal transaction you have 25% goes towards repayment of the loan. You can set lower. Took me 10 min to set it up and the money was there straight away.

What was the £16k for? Didn't you have £250k from selling your house?
Title: Re: PayPal Working Capital
Post by: james peters on July 04, 2018, 07:52:53 pm
I am amazed from what I read on here about takings , employees , fleets of vans etc .
I am just me and my daughter with a trailor , 2 back packs , and I smile at what I read .
I don't need credit in any form anymore . and never will .
Title: Re: PayPal Working Capital
Post by: Simon Trapani on July 04, 2018, 09:28:24 pm
There's no shame in using credit cards or loans of any sort if used sensibly & responsibly. I got no problem with it.

Speculate to accumulate and all that, tax reasons or simply just wanting something now and paying it back over the timescale you're happy with. I often buy things on credit. No need to be a hero.
Title: Re: PayPal Working Capital
Post by: james peters on July 04, 2018, 10:59:20 pm
I have no need to . I used to . but don't see the point now .
I speculated years ago .
I guess I am just surprised by the bragging on this forum ? but in reality its high revenue but low profit.
I suppose I am one of many that read many threads ... learn but also chuckle at the bragging of earnings . the cocky people that think they know but in reality ........are way behind TBO
Title: Re: PayPal Working Capital
Post by: Stoots on July 04, 2018, 11:33:46 pm
Nothing wrong in taking credit if you are going to use it to increase profits.

Title: Re: PayPal Working Capital
Post by: John Mart on July 05, 2018, 05:52:33 am
I have no need to . I used to . but don't see the point now .
I speculated years ago .
I guess I am just surprised by the bragging on this forum ? but in reality its high revenue but low profit.
I suppose I am one of many that read many threads ... learn but also chuckle at the bragging of earnings . the cocky people that think they know but in reality ........are way behind TBO
Think you’re being silly. I arranged an overdraft of 10k this year as a back up to cover 150,000 leaflet delivery through Roysl Mail and others. We’ve scraped into it a couple of times and when the VAT bill is due next week we will again but we expect to add 500 customers this year bringing in a turnover increase of about £70,000. What do you think it will cost to pay for a van (on HP so credit again) and an employee to cover that work?

At some point, if you want to accelerate growth you’ll need credit facilities. Personally I wouldn’t use the PayPal option because it would be expensive, but I imagine for a quick fix in an emergency it has its role.
Title: Re: PayPal Working Capital
Post by: Go on July 05, 2018, 06:41:42 am
If a few people are slow to pay BIG invoices, then you need a back up to pay wages. It’s irresponsible not to have something in place.
Title: Re: PayPal Working Capital
Post by: dazmond on July 05, 2018, 07:02:50 am
I have no need to . I used to . but don't see the point now .
I speculated years ago .
I guess I am just surprised by the bragging on this forum ? but in reality its high revenue but low profit.
I suppose I am one of many that read many threads ... learn but also chuckle at the bragging of earnings . the cocky people that think they know but in reality ........are way behind TBO

your just making sweeping generalisations......you ve no idea what stage another persons business is at.(if its at a rapid growth phase to generate work/employees for example).....

credit is good esp with the no interest/low interest climate at the moment.....AS LONG AS YOU CAN AFFORD TO PAY IT BACK
Title: Re: PayPal Working Capital
Post by: Shrek on July 05, 2018, 07:36:12 am
Borrowing a little on interest free is fantastic for your credit score, not only that - if you borrow 2500 interest free , you could have 2500 in a nationwide bank account earning 5% which pays £10 a month interest. At the end of the year you’ve made 120 squid for having money in the bank instead of spending it all in one go
Title: Re: PayPal Working Capital
Post by: Tom-01 on July 05, 2018, 08:10:23 am
I have no need to . I used to . but don't see the point now .
I speculated years ago .
I guess I am just surprised by the bragging on this forum ? but in reality its high revenue but low profit.
I suppose I am one of many that read many threads ... learn but also chuckle at the bragging of earnings . the cocky people that think they know but in reality ........are way behind TBO

I agree with that statement. It can be the case of constantly spending trying to plug the holes thinking all will be ok, borrow, borrow, borrow thinking throwing money at everything will sort it.

However, if planned correctly, using credit is the best way forward. As long as it's thought through in detail why you're taking the money and the ultimate goal is worthwhile then I think it's the best way. Why not use someone else's money to get yourself in a better situation?
Title: Re: PayPal Working Capital
Post by: Kev Martin on July 05, 2018, 09:07:02 am
I am amazed from what I read on here about takings , employees , fleets of vans etc .
I am just me and my daughter with a trailor , 2 back packs , and I smile at what I read .
I don't need credit in any form anymore . and never will .

I think you have it slightly wrong personally.  In my opinion it depends where you are and where YOU want to go on the ladder of life.  Most youngsters and ambitious people need to borrow to  in life and then there are others who want to be their own boss or own a company employing people.  I have a fairly large company but recently I wanted to expand and to do so I needed to borrow  money and increase my overdraft.  I am not ashamed, I have a brilliant accountant whom I discuss everything with and then we make decisions together because I want to ensure I can repay any loans plus I am a responsible employer and people rely on me and my company to live.

On the flip side to your argument I know two relatively young guys (about 36 ish now) who both started working for the same company nearly 15 years ago!  One of them is still single working in the same job 9-5,  5 days a week,  goes on the lash most nights, the odd holiday, doesn't really  have much ambition and runs around in a 5 or 6 year old Insignia.  The other one is married with 2 kids, bought his own house in an expensive area, drives a new car and is one of the Managers at the same company.  They both had the same chance and the not so ambitious one definetly has the potential to be where his mate is.   However, they are both happy or so they say.
Title: Re: PayPal Working Capital
Post by: Kev Martin on July 06, 2018, 11:21:32 am
Yep. I borrowed £16k off that last year. You set the repayment percentage. I went for the maximum of 25% so every PayPal transaction you have 25% goes towards repayment of the loan. You can set lower. Took me 10 min to set it up and the money was there straight away.

So it took you 13 months to pay back and cost you £4472   so a whopping 28% in Interest, charges, fees or whatever else PAYPAL want to call it
Title: Re: PayPal Working Capital
Post by: Tom-01 on July 06, 2018, 11:29:51 am
Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

Marc, we haven't had any updates on your push to £80k for a while - how's it all going?
Title: Re: PayPal Working Capital
Post by: Marc Stock on July 09, 2018, 03:13:58 pm
Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

Marc, we haven't had any updates on your push to £80k for a while - how's it all going?

Its going very well thanks tom. Im not as far ahead as id like to be, but we are approaching 56k turnover now; i need to be at 60k before i can afford to pay someone for my 80k push. And then let it run itself so i can concentrate on the engineering business

 I have had a couple of distractions; one being a new motorbike  ;D and the other we purchased a high speed, mazak production run lathe with full automated bar feed and the like for the engineering business; which at the moment is going nuts; we are very busy with the so i have been running and growing the window cleaning business; and at the weekends getting the engineering shop ready with extra 3 phase power; and moving around mills and machines to accomodate the new lathe; it arrives this friday.

Cant be bothered to do updates on here anymore. There is little point as most on here are keyboard warriors; with an axe to grind.
Title: Re: PayPal Working Capital
Post by: ֍Winp®oClean֍ on July 09, 2018, 03:33:32 pm
Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

Marc, we haven't had any updates on your push to £80k for a while - how's it all going?

Its going very well thanks tom. Im not as far ahead as id like to be, but we are approaching 56k turnover now; i need to be at 60k before i can afford to pay someone for my 80k push. And then let it run itself so i can concentrate on the engineering business

 I have had a couple of distractions; one being a new motorbike  ;D and the other we purchased a high speed, mazak production run lathe with full automated bar feed and the like for the engineering business; which at the moment is going nuts; we are very busy with the so i have been running and growing the window cleaning business; and at the weekends getting the engineering shop ready with extra 3 phase power; and moving around mills and machines to accomodate the new lathe; it arrives this friday.

Cant be bothered to do updates on here anymore. There is little point as most on here are keyboard warriors; with an axe to grind.

What ride did you get Marc?
Title: Re: PayPal Working Capital
Post by: Marc Stock on July 09, 2018, 03:47:14 pm
Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

Marc, we haven't had any updates on your push to £80k for a while - how's it all going?

Its going very well thanks tom. Im not as far ahead as id like to be, but we are approaching 56k turnover now; i need to be at 60k before i can afford to pay someone for my 80k push. And then let it run itself so i can concentrate on the engineering business

 I have had a couple of distractions; one being a new motorbike  ;D and the other we purchased a high speed, mazak production run lathe with full automated bar feed and the like for the engineering business; which at the moment is going nuts; we are very busy with the so i have been running and growing the window cleaning business; and at the weekends getting the engineering shop ready with extra 3 phase power; and moving around mills and machines to accomodate the new lathe; it arrives this friday.

Cant be bothered to do updates on here anymore. There is little point as most on here are keyboard warriors; with an axe to grind.

What ride did you get Marc?

Well i passed my direct access course last month, so i wanted to get out and do some riding this summer; so i went out looking for a motorcycle i could pick up for pocket money; as idont want to take out finance and my budget was under £1500 due to the costs in obtaining a motorcycle licence now is extortionate.

So i found a 2003 triumph sprint rs 955i, with a scot oiler, and upgraded 6 pot calipers and only paid £1175; propper bargain. Service history the size of a bible; brand new tyres with only 200 miles on them; 120bhp 200kg it gets down the road like a scolded cat. ;D

(http://www.cleanitup.co.uk/smf/1531147628_20180707_131800.jpg)
Title: Re: PayPal Working Capital
Post by: ֍Winp®oClean֍ on July 09, 2018, 05:52:31 pm
Great buy!! :o👍 You'de be hard pressed to buy better for that money, pretty perfect introduction to bigger bikes too- just keep your head and ride safely!!😃
Title: Re: PayPal Working Capital
Post by: John Mart on July 09, 2018, 06:06:05 pm
Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

Marc, we haven't had any updates on your push to £80k for a while - how's it all going?

Its going very well thanks tom. Im not as far ahead as id like to be, but we are approaching 56k turnover now; i need to be at 60k before i can afford to pay someone for my 80k push. And then let it run itself so i can concentrate on the engineering business

 I have had a couple of distractions; one being a new motorbike  ;D and the other we purchased a high speed, mazak production run lathe with full automated bar feed and the like for the engineering business; which at the moment is going nuts; we are very busy with the so i have been running and growing the window cleaning business; and at the weekends getting the engineering shop ready with extra 3 phase power; and moving around mills and machines to accomodate the new lathe; it arrives this friday.

Cant be bothered to do updates on here anymore. There is little point as most on here are keyboard warriors; with an axe to grind.

What ride did you get Marc?

Well i passed my direct access course last month, so i wanted to get out and do some riding this summer; so i went out looking for a motorcycle i could pick up for pocket money; as idont want to take out finance and my budget was under £1500 due to the costs in obtaining a motorcycle licence now is extortionate.

So i found a 2003 triumph sprint rs 955i, with a scot oiler, and upgraded 6 pot calipers and only paid £1175; propper bargain. Service history the size of a bible; brand new tyres with only 200 miles on them; 120bhp 200kg it gets down the road like a scolded cat. ;D

(http://www.cleanitup.co.uk/smf/1531147628_20180707_131800.jpg)
It looks terrifying.  :o
Title: Re: PayPal Working Capital
Post by: Stoots on July 09, 2018, 08:57:31 pm
Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

Marc, we haven't had any updates on your push to £80k for a while - how's it all going?

Its going very well thanks tom. Im not as far ahead as id like to be, but we are approaching 56k turnover now; i need to be at 60k before i can afford to pay someone for my 80k push. And then let it run itself so i can concentrate on the engineering business

 I have had a couple of distractions; one being a new motorbike  ;D and the other we purchased a high speed, mazak production run lathe with full automated bar feed and the like for the engineering business; which at the moment is going nuts; we are very busy with the so i have been running and growing the window cleaning business; and at the weekends getting the engineering shop ready with extra 3 phase power; and moving around mills and machines to accomodate the new lathe; it arrives this friday.

Cant be bothered to do updates on here anymore. There is little point as most on here are keyboard warriors; with an axe to grind.


Thought you had been quiet on here lately, was wondering how you were getting on.
Title: Re: PayPal Working Capital
Post by: Marc Stock on July 10, 2018, 12:12:43 am
Great buy!! :o👍 You'de be hard pressed to buy better for that money, pretty perfect introduction to bigger bikes too- just keep your head and ride safely!!😃

Thanks peavey. I have to say it rides lovley. It accelerates fast, like really really fast; insanely fast to about 95-100 but starts to run out of puff  over that, and its not very good on fuel either over those speeds. Its official top speed is 148mph; and no i haven't..and i won't. It seems to perform best in 3rd gear from 30-90 and will happily sit at 85 and return 49mpg.

I really would like an Mv Augusta f3 800. Thats my dream bike.


Title: Re: PayPal Working Capital
Post by: dazmond on July 10, 2018, 08:54:24 am
Great buy!! :o👍 You'de be hard pressed to buy better for that money, pretty perfect introduction to bigger bikes too- just keep your head and ride safely!!😃

Thanks peavey. I have to say it rides lovley. It accelerates fast, like really really fast; insanely fast to about 95-100 but starts to run out of puff  over that, and its not very good on fuel either over those speeds. Its official top speed is 148mph; and no i haven't..and i won't. It seems to perform best in 3rd gear from 30-90 and will happily sit at 85 and return 49mpg.

I really would like an Mv Augusta f3 800. Thats my dream bike.

you might as well start climbing ladders if your riding motorbikes  ::)roll......be careful.....3 lads i grew up with all dead now from motorbike crashes(and they were good experienced riders too).....a few others who survived but with terrible injuries......my uncle came off a few times but nothing too serious (but enough to sell his bike after the second one)
Title: Re: PayPal Working Capital
Post by: Marc Stock on July 10, 2018, 10:51:10 am
Great buy!! :o👍 You'de be hard pressed to buy better for that money, pretty perfect introduction to bigger bikes too- just keep your head and ride safely!!😃

Thanks peavey. I have to say it rides lovley. It accelerates fast, like really really fast; insanely fast to about 95-100 but starts to run out of puff  over that, and its not very good on fuel either over those speeds. Its official top speed is 148mph; and no i haven't..and i won't. It seems to perform best in 3rd gear from 30-90 and will happily sit at 85 and return 49mpg.

I really would like an Mv Augusta f3 800. Thats my dream bike.

you might as well start climbing ladders if your riding motorbikes  ::)roll......be careful.....3 lads i grew up with all dead now from motorbike crashes(and they were good experienced riders too).....a few others who survived but with terrible injuries......my uncle came off a few times but nothing too serious (but enough to sell his bike after the second one)

You dont go into  these things without weighing up the risks dazmond. If you ride with the attitude that your invincible; or you feel like you have cracked it and your riding abilities are good; then you are not a good rider. Unfortunately; most old school riders are from that era of mindset.

A riders abilites are judged only on the conditions of the ride; and what the rider is doing at the time of the ride. So many people i hear whom know of someone who crashed because "a car pulled out in front of him" all could have been avoidable if they had a decent road strategy in place. Even if it was the bikers right of way, doesn't matter if they dont see you and you dont allow time ad distance to react with a good road strategy, you will always end up worse.

Speed and time is the number 1 thing you need to balance and get correct according to the conditions of the road traffic.

To liken motorcyle riding to climbing ladders is ridiculous. You dont go through nearly 2 grands worth of training to climb a ladder.

Title: Re: PayPal Working Capital
Post by: Kev Martin on July 10, 2018, 03:21:15 pm
Great buy!! :o👍 You'de be hard pressed to buy better for that money, pretty perfect introduction to bigger bikes too- just keep your head and ride safely!!😃

Thanks peavey. I have to say it rides lovley. It accelerates fast, like really really fast; insanely fast to about 95-100 but starts to run out of puff  over that, and its not very good on fuel either over those speeds. Its official top speed is 148mph; and no i haven't..and i won't. It seems to perform best in 3rd gear from 30-90 and will happily sit at 85 and return 49mpg.

I really would like an Mv Augusta f3 800. Thats my dream bike.

you might as well start climbing ladders if your riding motorbikes  ::)roll......be careful.....3 lads i grew up with all dead now from motorbike crashes(and they were good experienced riders too).....a few others who survived but with terrible injuries......my uncle came off a few times but nothing too serious (but enough to sell his bike after the second one)

You dont go into  these things without weighing up the risks dazmond. If you ride with the attitude that your invincible; or you feel like you have cracked it and your riding abilities are good; then you are not a good rider. Unfortunately; most old school riders are from that era of mindset.. Who told you that?

A riders abilites are judged only on the conditions of the ride; and what the rider is doing at the time of the ride. So many people i hear whom know of someone who crashed because "a car pulled out in front of him" all could have been avoidable if they had a decent road strategy in place. Even if it was the bikers right of way, doesn't matter if they dont see you and you dont allow time ad distance to react with a good road strategy, you will always end up worse.  A riders ability is affected by a whole host of different factors:  Road surface condition, weather, Mechanical condition of bike, tyres condition, brakes not to mention the 1000's of idiots who either don't see a bike or think their Mini Metro is quicker.  You can have whatever road strategy you want if you meet a Di**head in a car you generally have no chance!!!

Speed and time is the number 1 thing you need to balance and get correct according to the conditions of the road traffic.  Very True!  You can never still account for everything unexpected

To liken motorcyle riding to climbing ladders is ridiculous. You dont go through nearly 2 grands worth of training to climb a ladder.
That is just todays prices gone mad it cost me a lot less than a £100 to get my full bike licence done in 1976 albeit I did have nearly 4 years experience of riding mopeds, and bikes + I had already passed my Car test
Title: Re: PayPal Working Capital
Post by: Go on July 10, 2018, 03:30:18 pm
Think it cost me £200 in 1997. That was with the theory test and a few lessons.

2 grand is a rip off surely?