As part of our commitment to encourage more people to enjoy cycling, we offer affordable ways to purchase a new bike and accessories. Whether buying for yourself or setting up the family, read on to find out more about the three methods we offer.
0% Finance with V12 Finance
We are partners with V12 Finance who offer 0% Finance on bike purchases. You can choose to pay over 6,10 or 12 months in instalments with no deposit required. As well as bikes, you can include accessories (e.g. lights, helmet and clothing etc) as part of your finance deal.
It’s a quick and simple process and usually takes around 10 minutes. Only available in store.
Cycle to Work Schemes
Cycle to work schemes allow you to purchase a bike and accessories tax free as well as spread the cost. Known as a ‘salary sacrifice’ scheme, the cost of the bike is deducted from your wages in monthly instalments before tax and national insurance. You can save up to 39% on the overall cost depending on your tax bracket.
We accept vouchers for all major cycle to work schemes including Cyclescheme, Halfords Cycle2Work, Cycle Solutions, the Green Commute Initiative and Bike2Work as well as some lesser-known schemes. Find out more here.
Red Kite Cycles Flexible Deposit Scheme
If you’ve found the bike of your dreams in store but need time to save up for it, you can use our flexible deposit scheme.
We’ll agree an interest free payment schedule with you after taking an initial 10% deposit. The bike stays reserved for you in store until the full payment has been made, then the bike is yours to take home.
Schemes are agreed at our own discretion and subject to approval. Come and talk to us in store if you’re interested in paying this way.
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