bike finance | bike credit

What exactly is Bike Finance?

Instead of having to pay for your new bicycle and cycling kit all in one go, bike finance allows you to buy your stuff today but spread the cost with monthly repayments and no deposit.  Plus, because we have 0% interest finance options, you can choose a plan which has no additional cost to yourself for paying monthly.

If I use bike credit, how much will I end up paying?

The minimum spend amount is £500, and you can spend this on a bicycle alone, cycling kit alone, or a mixture of both. You can also use finance to pay for multiple lower value bikes (for example, two kids bikes) as long as the total value surpasses £500.

  1. If you spend £500 or more you can apply for 6 months 0% interest free credit
  2. If you spend £750 or more you can apply for 12 months 0% interest free credit
  3. If you spend £1,000 or more you can apply for 18 months 0% interest free credit
  4. If you spend £1,750 or more you can apply for 24 months 0% interest free credit

Choose to take out a bike finance option over 6-24 months and you’ll benefit from 0% interest. However, if you want to repay the cost over 36 months with lower monthly repayments, you can do so but will pay 15.9% interest.

For example…

If you decide to purchase £600 worth of cycling kit on a 6-month bike finance plan then the payments would be as follows:

bike finance | 0% APR | bike credit

In a nut shell, if you took out finance for the above purchase, you wouldn’t pay anything extra because you chose bike finance.

Am I eligible for bike credit?

To apply for finance, you need to:

  • Be at least 18 years old.
  • A permanent UK resident.
  • In regular employment (minimum of 16 hours per week) including self-employed, or living with your spouse/partner who is in regular employment.
  • In receipt of a pension if you are retired.
  • Able to confirm sufficient income if you are registered disabled.

Who provides the bike finance?

Our trusted finance partner is V12 Retail Finance.

How do I apply?

For in store purchase, you can mention interest-free credit to the sales person, who will need a photo ID and your bank details. They will then go through the straightforward application with you.  We are normally able to see if your application is successful straight away.

If you are buying online then you simply select the ‘finance’ option at the Payment Information stage of the checkout. You can also purchase over the phone by calling us on 0345 257 0808.

How quickly will I receive my items?

Providing your finance application is successful, you can take your items home straight away. Or if you’re buying online, we’ll process your order and you’ll receive your goods in a few days.

When will I make the first payment?

The first payment won’t be taken until the month after you’ve received your items.

Can I pay off the bike finance early?

Yes, you need to arrange this with our finance partner, V12 Retail Finance, directly on 029 2046 8900.

Is it possible to return an item if I bought it using bike finance?

Yes, V12 Retail Finance will take a few days to cancel your credit agreement and refund previous payments.

Can my order be delivered to a different address?

Finance orders must be delivered to the address used during the bike finance application. If you live close to one of our stores, you can opt have it delivered there instead. It must be the person who applied for the finance who picks up the order.

Shop All Bicycles | Bike Credit Available


Shop All Bikes