Financing your bike

Whether you’re after brand new bike for heading off-road, upgrading your wheels or tracking your performance with a GPS computer, we’ve got a range of payment options to help you spread the cost.

V12 finance offers the widest range of bike finance on the market with options to suit all budgets.

Whether you’re after brand new bike for heading off-road, upgrading your wheels or tracking your performance with a GPS computer, we’ve got a range of payment options to help you spread the cost.

V12 specialise in financing mountain bikes, road bikes and hybrid bikes to name just a few! They also partner with the Association of Cycle Traders (ACT) to provide the only cycle industry specific scheme in the UK called Ride it Away retail finance.

Cycle to work

The Cycle to Work scheme was introduced in 1999 – the aim being to encourage people to make healthier and more environmentally friendly lifestyle choices.

You can use the bike and equipment to cycle to work, and in leisure time. No one is ever going to stand outside your workplace with a clipboard, totting up your journeys – but you can’t buy items clearly not used for this purpose – such as helmets and clothing.

Employers buy bikes and lease them to employees to cycle to work on. The employer recoups the bike cost though employee salary sacrifice (a monthly deduction from gross salary). Employees make savings on their tax contributions.

All company Employees qualify for the scheme, providing that they are UK taxpayers via the PAYE system and over 16 years of age. Earnings must remain above the level of national minimum wage after the salary sacrifice has been deducted. Employees under the age of 18 would need a guaranto to be able to participate. Self-employed individuals are not permitted to take part in the scheme.

Talk to us on 01443 231400

All our staff are passionate about cycling and enjoy various disciplines from mountain biking and cyclocross to road biking, TT and triathlon. Our mission is to share that passion and help our customers enjoy cycling as much as we do!