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Bike Finance
Bike Finance
We’ll be the first to admit that cycling is not the cheapest hobby. If you have your mind set on a new bike (or a turbo trainer / new set of wheels / all of the above) we can help you spread the cost.
If you are spending over £499, you can choose between 0% finance or low cost finance (9.9% APR) both with a 10% deposit. 0% finance payments are spread over 12 months, whilst low cost finance payments can be spread over 4 years (or less if you prefer) – meaning your monthly payment may be lower.
If you are spending over £1,999 on a bike, you can also choose 0% finance spread over 24 months with just a 10% deposit.
See below for how this works out in practice.
Finance is available on both reduced and full price products, and not just bikes.
LOAN CALCULATOR
Use this calculator to see which finance option suits your purchase.
Finance is subject to status. Terms and conditions apply.
Total amount repayable .APR representative.
£1,500 bike
From £33.90 per month
9.9% FINANCE OVER 48 MONTHS
Available on any bike over £499 with just a 10% deposit.
| Purchase price | £1,500 |
| Deposit | £150 |
| Amount of credit | £1,350 |
| Monthly payments | £33.90 |
| Total repayable | £1,777.20 |
| Duration of agreement | 48 Months |
| Representative APR | 9.9% |
| Fixed annual rate of interest | 5.13% |
£1,500 bike
From £112.50 per month
0% FINANCE OVER 12 MONTHS
Available on any bike over £499 with just a 10% deposit.
| Purchase price | £1,500 |
| Deposit | £150 |
| Amount of credit | £1,350 |
| Monthly payments | £112.50 |
| Total repayable | £1,500 |
| Duration of agreement | 12 Months |
| Representative APR | 0% |
| Fixed annual rate of interest | 0% |
£2,500 bike
From £93.75 per month
0% FINANCE OVER 24 MONTHS
Available on any bike over £1,999 with just a 10% deposit.
| Purchase price | £2,500 |
| Deposit | £250 |
| Amount of credit | £2,250 |
| Monthly payments | £93.75 |
| Total repayable | £2,500 |
| Duration of agreement | 24 Months |
| Representative APR | 0% |
| Fixed annual rate of interest | 0% |
FAQ's
Who is eligible for finance?
To apply for finance you must be:
• At least 18 years or older
• A permanent UK resident
• In regular employment
What happens if my application is declined?
If your application is declined you will have the option of choosing an alternative method of payment.
Can I have my order delivered to a different address?
Orders paid by finance can only be shipped to the same billing address as your finance application.
We cannot send your purchase to a different delivery address.
How will I know what is available for finance?
Items displaying the finance button will be available on finance. Total orders under £499 are not eligible for finance.
Finance based on minimum order of £499 with 10% deposit
eg: 10% deposit (£49.90) & 90% finance credit (£449.10)
Can I use finance with a Trade In Bikeorder ?
Yes. You can apply for finance as normal in the payment process and apply your Trade In code when prompted in the basket.
HOW TO ORDER
ONLINE
When viewing our main site click the ‘Finance’ button on any qualifying product page to see how you can spread the cost. A calculator will pop up and you can choose a Finance Option to see an illustration of what your deposit, monthly payments and total payment would be.
To purchase, add the item(s) to your basket as you would normally and simply choose ‘Pay with Finance’ to apply when you check out. You will then need to fill out your details so please have your account number, sort code, address details & your employment details with you. It will be submitted to our finance provider and you will get an instant update.
We regret we are currently unable to offer this functionality on our mobile site – please use our main site if you would like to pay on finance.
BY PHONE
To apply for finance on a mail order purchase please contact our sales team on +44(0)1293 574 900 (Option 1: Sales Team) and we will happily process your order and application.
IN STORE
To apply in store, you will need your bank details and a chip and pin debit or credit card to pay the deposit. On occasion our finance provider may request additional proof of identity, such as a recent utility bill or driving license.
T&C's
Finance is available over 12, 24, 36 or 48 months and is subject to status. Applicants are required to be at least 18 years old, employed and UK resident for the last 3 years to qualify.
Home delivery orders, paid with finance, can only be shipped to the address used in the finance application.
Customers using our Click & Collect service will be required to present 2 forms of ID when collecting orders from the Store.
One of either -
• Current UK driving licence
• Valid Passport supported by a work/residence permit if a none EEA passport, expiring no less than 2 months after the agreement is due to end.
And one of these -
• Utility bill, credit card or bank statement dated within the last 3 months.
• Mobile phone bills are not acceptable.
We are unable to offer Finance in conjunction with Ride-to-Work, Cyclescheme & Cycle Plus purchases, gift vouchers, services & events, such as RIDE IT and FIX IT classes.
We reserve the right to withdraw finance on certain products. Details are available upon request.
Please note that stock will not be allocated until the application has been completed and the deposit has been received.
THE LEGAL BIT
F. W. Evans Cycles (UK) Limited is registered in England and Wales 02784079. Registered office: F. W. Evans Cycles (UK) Limited, Camino Park.
James Watt Way, Crawley, West Sussex, RH10 9TZ, United Kingdom. F. W. Evans Cycles (UK) Limited acts as a credit broker and only offers credit products from Secure Trust Bank PLC trading as V12 Retail Finance. F. W. Evans Cycles (UK) Limited is authorised and regulated by the Financial Conduct Authority. Our registration number is 733365. Credit provided subject to age and status.