Buy a bike with Cycle to WorkUpdated 8 months ago
What it is:
The government's Cycle to Work Scheme initiative let third-party providers offer riders tax-free bikes through their employer. Savings are usually between 25-39% depending upon your income. Repayments are made directly from your salary and big savings are possible. The bike repayments are spread over 12 months. Many providers now have no upper limit (it used to be capped at £1000). This makes Cycle to Work an excellent way to get on a new bike.
There are many Cycle to Work providers out there. We accept the majority of these schemes. Each works in broadly the same way and most employers choose a single scheme for all their applications (but can sign up to several).
We have plenty of experience in this area and are really happy to help out with any questions. Its truly a fantastic way of getting a new bike at a great price
How it works:
- Your employer needs to be registered with one of the below Cycle to Work schemes. If they do not already have a provider setup we strongly advise going with Green Commute Initiative or Cyclescheme as they are the 2 easiest ones to work with.
- View our collection of bikes via our website, choose the bike and equipment you would like, then email us at [email protected] with your list for a quotation. Please note that discount price items are sometimes not possible for us to honour on some of the Cycle to Work schemes.
- Submit our quote to your employer and they will begin the process to claim your voucher.
- Once approved, a certificate/voucher will be issued to either your employer or directly to you.
- You send a signed copy of this to us via email at [email protected]
- We get your bike built, ship it and tell your Cycle to Work scheme provider that it has been shipped
- You make 12 monthly payments via salary sacrifice.
- At the end of the 12 months 'hire' period you may have to pay a nominal fee to take ownership of the bike. This is handled differently by different providers. Typically, the provider invites the employee to enter into a free of charge loan of the bike and after the loan period ends the employee makes a nominal payment to take ownership of the bike.
Providers:
There are many Cycle to Work providers out there. Your company may be signed up to one or more of them already. If not, we usually recommend using Green Commute Initiative because they are extremely responsive - we have had companies sign up, process quotes and have a bike shipped from us in under 24 hours! Cyclescheme are also an excellent choice.
We work with the following providers: