This company offers businesses, self-employed, and also salary sacrifice the ability to lease a bicycle or e-bicycle over 24 months with an option to return or replace as required.
Click the BIKEFLEX logo above to take you directly to their page for the Salary Sacrifice Scheme, which uniquely offers BOTH employees AND employers the ability to pay for the bicycle MONTHLY over 24 months!
The Details from BikeFlex:
BIKEFLEX currently offers 3 types of lease plans.
We have three lease plans to choose from, salary sacrifice for employees, self-employed (Ltd or LLP), or business lease for companies.
Our salary sacrifice scheme is free to join and simple to run. No upfront costs for your business, just a tax-free monthly payment taken from employee salaries each month.
A monthly lease rental instead of buying the bike means more employers will be able to afford to offer this to their employees as there isn't a cash burden on their business.
Business contract hire is now available on e-bikes and cargo bikes. Lower monthly payments than buying the bikes and more tax efficiency. Save up to 25% tax. Take a look at the calculator.
SELF-EMPLOYED LEASE PLAN
Over 5 million businesses in the UK are SMEs or with directors who pay themselves dividends and don’t operate PAYE, so can’t qualify for the other cycle-to-work schemes. If you run your own business (LTD and LLP companies), Bike Flex is the most cost-effective way to get a new bike or e-bike on our tax-saving lease plans.
Please Note about personal leases.
BikeFlex is not offering personal leasing unless it is via our salary sacrifice lease or if they are a director of their own company or self-employed registered with companies house, as they benefit from significant tax breaks, which makes leasing more affordable. In contrast, personal leasing may be more expensive than interest-free. Personal leases would require stores to have their own FCA authorisation, which has yet to be widespread amongst e-bike stores, so we have decided not to offer a personal lease product at this stage.