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Segway's new loan program offers scoot now, pay later

Stan Horaczek
06.01.06
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It seems the makers of everyone's favorite self-balancing scooter (sorry i-swing) have finally realized the average consumer might need a little time to come up with the $5,000 the Segway's price tag demands. The company's execs have tapped the consumer financing arm of General Electric to instate a loan program, much like the one car dealerships have been using for decades, letting buyers pay in monthly installments. This comes as part of an effort, which may eventually include the sale of shares to the public through an IPO, to regain company funds lost to lower-than-expected sales. Of course buyers will have to qualify for the loan and accept the increase in total cost that'll come from interest, so rich guys like crooked hand-held gaming executives will be better off paying cash, then trying not to crash their shiny new Segway into pole at 125 mph.

[Via ZDNet]

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