The (Not So Secret) Way To Save 42% On Your Next Bike
If you've been thinking about buying a new bike but the price has been putting you off, there's a government scheme that could save you between 25% and 42%. It's called the Cycle to Work scheme, and it's been helping people get on bikes for years.
The savings are genuine and substantial. On a £1,000 bike, you could save up to £420. On a £2,000 bike, that's potentially £840 in your pocket. Not bad for filling in a bit of paperwork.
Let's break down how it works and how you can use it with us.
What is the Cycle to Work Scheme?
Bike to Work schemes make your money go further and put that dream bike right in reach. It's a salary sacrifice scheme backed by the government that lets you get a bike and equipment through your employer in a tax-efficient way.
Here's what you need to know:
You can buy both new and pre-owned bikes via Bike to Work schemes. It's not just limited to brand new bikes, so if there's a quality used bike you've had your eye on, the scheme can work for that too.
You save between 25-42% off the cost of your bike, depending on your salary. Higher rate taxpayers save more, but even basic rate taxpayers make significant savings.
The monthly payment comes out of your salary pre-tax as a form of salary sacrifice. This is where the savings come from - you're essentially paying for the bike before income tax and National Insurance are deducted.
We Accept All Cycle to Work Schemes
You can use any Cycle to Work scheme with us. Whether your employer uses Cyclescheme, Halfords, Evans, Green Commute Initiative, Vivup, or any other provider - we accept them all.
Use our calculator to view your savings and any commission charges associated with your chosen scheme. Different providers have different fee structures, so it's worth checking what your actual take-home saving will be. You can find our calculator here.
We recommend using Gogeta as all bikes are available with no commission charges applied. Some scheme providers charge commission fees that eat into your savings, but Gogeta keeps it straightforward. Zero commission on all bikes means maximum savings for you.
Already Have a Voucher?
If you've already spoken to your employer and have a voucher ready, the process is simple:
You can buy a bike straight away. If you have a voucher already, then you can purchase a bike online or in-store, and we'll process your voucher during checkout.
Need to see the bike first? Pop into our shop to view the bike online and we'll refund you once you have your voucher ready to redeem from your employer. We understand you want to see and test a bike before committing, especially when it's a decent amount of money.
Please get in touch for further help if you need it. We're here to guide you through the process.
Note: Not available on pre-owned used bikes via Cyclescheme.
Our Recommended Provider: Gogeta
If you haven't chosen a provider yet, here's why we rate Gogeta:
Gogeta makes it easy. The application process is straightforward, and they don't overcomplicate things with lots of terms and conditions.
Gogeta have an excellent online savings calculator and explainer video to help answer any questions you might have. It's worth watching if this is your first time using a Cycle to Work scheme.
It's very easy to get your employer to accept the vouchers. Most HR departments are familiar with these schemes now, but Gogeta makes the employer sign-up particularly simple.
Zero commission on all bikes means maximum savings for you. This is the big one - you get the full tax saving without fees cutting into it.
How Does It Work?
The process is simpler than you might think. Here's how it breaks down:
Step 1: Use the Calculator
Head to our Bike To Work Calculator to work out your savings. Simply fill out your product price, salary, and scheme provider, and the calculator will show you exactly what you'll save and what your monthly payments will be.
Step 2: Get Your Voucher
Speak to our team if you need any help. We're here to guide you through the process, especially if it's your first time. We can explain what information your employer will need and how to approach your HR department about it.
Step 3: Get Riding
Once everything's approved, you can collect your bike and start enjoying it. The payments come out of your salary automatically each month, so there's nothing else you need to do.
Common Questions About Cycle to Work
Do I own the bike? Technically you're hiring it during the scheme period (usually 12 months), but at the end of the hire period, ownership transfers to you for a small fee or extended hire period, depending on your provider.
Can I use it for leisure riding? Yes. Despite the name, you can use your Cycle to Work bike for whatever you want - commuting, weekend rides, sportives, whatever. You just need to confirm you'll use it for some commuting.
What if I leave my job? Most schemes have provisions for this. Usually, you'll either continue the payments, pay off the remaining balance, or transfer the scheme to your new employer if they participate.
Is there a limit on how much I can spend? This depends on your employer. Some companies set limits, but many don't. It's worth checking your company's policy.
All Our Stock is Available
Every bike we have in stock can be purchased through the Cycle to Work scheme. Whether you're after a road bike, mountain bike, hybrid, gravel bike, or e-bike - if we sell it, you can get it through the scheme.
This includes accessories too. Helmets, locks, lights, clothing - if you need it to ride safely and comfortably, it can usually be included in your scheme application up to your voucher limit.
Ready to Save on Your Next Bike?
The Cycle to Work scheme is one of the best ways to make a quality bike more affordable. The savings are real, the process is straightforward, and we're here to help at every step.
Whether you've already got a voucher sorted or you're just starting to look into it, come and talk to us. We can show you the bikes, walk through the numbers, and help you work out exactly what you'll save.
Visit us in the shop or get in touch if you have questions about using the Cycle to Work scheme with us.
Want to know more about Cycle to Work schemes? Contact us or visit the shop - we'll explain everything and help you maximize your savings.
