MOTOR CYCLES.
The number of Motor Cycles now on the market has increased to such an extent that we have found it necessary to issue a separate Motor Cycle Catalogue, in which will be found conveniently arranged illustrations, particulars and prices of the newest patterns of Motor Cycles, Side-cars, Motor Runabouts, Accessories, Clothing, &c. This Catalogue, which we have striven to render as complete and useful as possible, can be had post free on application. The Motor Cycle Showrooms contain specimens of all the leading makes, the special features of which will be explained by experts; and in the Accessory and Motor Clothing Departments every possible want of the Motor Cyclist is catered for.
Motor Department—DEFERRED PAYMENTS SYSTEM
Special attention is drawn to Harrods’ system of purchase by deferred payments, by means of which a customer is enabled to acquire immediately a much better quality car or cycle than he could purchase by a cash-down purchase. It is an axiom of motoring that the upkeep of a car is in inverse ratio to its first cost, and it therefore follows that the extra price paid for a superior car or cycle in the first instance will be balanced by a corresponding saving in upkeep charges. Following are details of the system:
Period.
The deferred payments are spread over a period of six or twelve months to suit the convenience of our clients, and include not only the machine but all the accessories sold with it.
Interest.
For 12 months 2½ p.c. premium is charged. For 6 months 1¼ p.c. premium is charged.
Method of Reckoning.
To the price of the car is added the price or the Accessories, and to this the amount of premium for six or twelve months, as the case may be. One quarter of the total thus arrived at, plus or minus the odd shillings (so as to leave an even sum in pounds), is payable at once and the balance in six or twelve equal monthly instalments.
Example.
Cost of Machine and Accessories, £440 10 0
For 6 Months.
£440 10 0
5 10 2 1¼ per cent. interest.
£446 0 2
111 0 2 1st payment.
£335 0 0
which is divided into six equal monthly instalments of £55 16 8
For 12 Months.
£440 10 0
11 0 3 2½ per cent. interest
£451 10 3
113 10 3 1st payment
£338 0 0
which is divided into twelve equal monthly instalments of £28 3 4