What is Cycle To Work?
Cycle To Work schemes let you spread the cost of a bike and equipment over 12 months by paying monthly through salary sacrifice. As an added benefit, you get your kit without paying any tax, national insurance, or interest saving you 25-39% on the purchase price. You pay nothing upfront and the payments are taken tax efficiently from your salary by your employer.
At Strype Street Cycles we work with the following cycle to work schemes:
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It's worth double checking with your employer to find out which scheme they work with. If your employer uses a different provider please get in touch: info@strypestreetcycles.co.uk to see how we can make it work.
How does it work?
Firstly come to the shop and talk to us. Together we can find you your dream bike. We will then send you the quote for your bike and accessories. You then take our quote to your employer, so you can request a certificate from Cyclescheme here GCI here Bike2Work here and Cycle2Work here and then once you receive your certificate, you are ready to collect your bike form us.
How much can I spend?
In many cases, cycle to work shemes are now unlimited however your employer may impose an internal limit. In some cases your employer will allow you to make a top-up payment if you would like to purchase a more expensive bike.
Can I return my purchase?
No, as your bike is provided by a cycle to work scheme, they are the owners of the bike until your scheme is fully paid. However if there is an issue with your bike, warranty applies like with any other bicycle you would buy from us.