Business and Commerce

Do Evans Cycles offer finance?

Yes, Evans Cycles offer bicycle financing on bikes whose price is equal to or greater than 300 US dollars.

Can you get a bike on Finance?

Most major bike retailers provide the opportunity for you to purchase a bike on finance and act as credit brokers, rather than lenders. It is unlikely that you will be borrowing money from the retailer itself.

Do Evans Cycles accept Halfords Cycle to Work vouchers?

There are quite a few suppliers including Cyclescheme, the Halfords Cycle2Work Scheme and the Evans cycles scheme. We accept vouchers from every scheme currently in the market so you are not tied to the retailer shown at the top of the voucher.

Can I use Cycle to Work scheme online?

Cyclescheme enables your employees to choose whether they want to shop in-store, online, on mobile, via click and collect or even factory direct.

Do Evans Cycles build your bike?

Yes you can, but this needs to be done through an Evans Cycles store as all components to make up a complete roadworthy bike must be ordered at the same time. It is not possible to order frames and forks online.

Are Evans Cycles in trouble?

British bike retailer chain Evans Cycles is expected to cut more than 300 jobs at its 55 stores, bringing its workforces from 813 down to 475 employees, despite the pandemic bike boom that has given the bike industry unprecedented levels of demand.

Can I return a bike to Evans Cycles?

For items purchased online, you can send them back for a full refund within 28 days, provided it has not been used or fitted, and is returned with any packa...

Which companies offer cycle to work scheme?

These include Halfords, Evans Cycles, and Wheelies Direct.

Can I buy 2 bikes on cycle to work scheme?

Yes! If you would like to get two bikes you certainly can – as long as they are both suitable and safe for you to ride, and your total doesn't exceed your scheme's maximum limit.

Is cycle to work scheme worth it?

The Cycle to Work scheme also allows you to buy accessories alongside the bike and this is definitely something you should take advantage of. In fact, we reckon it is worth using the scheme to buy two bike locks, a good set of lights, a helmet and some high-quality bibshorts.

What is the cycle to work scheme limit?

The cycle to work scheme does not necessarily have a limit. This is to ensure riders can get the exact bike they need to improve their commute, for example: you may need an e-bike to beat the hills or arrive at work sweat-free, or. you might need a hard-wearing bike with a titanium frame to support you cycling 365, or.

How much do you save on Bike to Work scheme?

With Ride-to-Work, you can get a tax-free bike, which for most people means they save a minimum of 33% of the cost.

What is the government cycle to work scheme?

Cycle2Work is a government initiative which offers the most cost-effective way to get new cycling equipment. The scheme is ran through participating employers, meaning you do not have to pay tax or national insurance on these products – saving you up to 43.25%!

What credit score do you need to finance a bicycle?

Most lenders will require you have a credit score above 600, but the higher your score, the lower the interest rate you'll get. A lower interest rate means you'll spend less over the life of the loan to purchase your bike—a very good thing.

Can I buy a bike over 1000 on Bike to Work scheme?

Cyclescheme is no longer capped at £1,000. Budding commuters can now save on the exact bike, components and accessories they need to cycle to work. So, your Cycle to work benefit is more relevant and accessible than ever!

Does Halfords accept Cyclescheme?

No, is the short answer. Halfords only accept their own Cycle2Work Letters of Collection for bikes and accessories.

Can you sell a cycle to work bike?

The general rule of thumb is that you can sell your ex-cycle-to-work bike if you have completed your chosen ownership option. Please note, you cannot sell your cycle to work scheme bike if: You are in the initial Hire Period, or. If you are in an active Own it later agreement, or.

Does cycle to work cost the employer?

If you choose to buy at the end of the agreement, your outlay will be the total cost of the salary sacrifice plus the agreed value of the bicycle at the end of the hire agreement. Plus an ownership fee. 50,000 employers have signed up to Cyclescheme as of August 2021, according to its website.

Can you use any shop for cycle to work scheme?

You can shop with any one of over 2,000 Cyclescheme retailers - in-store, online, click & collect and brand direct.

Can self employed get bike to work scheme?

If you are self-employed you are not entitled to avail of the Bike to Work Scheme unless you pay PRSI as an employee in addition to your self-employed work.

Does Evans Cycles do price match?

Evans Cycles also offers a price match guarantee, so you can be sure you're getting the best deal on your purchase.

Does Evans do free returns?

You can return items within 14 days of receipt of your order. As always, we offer a range of FREE and easy ways to return including contactless collection from your home.

Did Evans Cycles go bust?

On 30 October 2018, Evans Cycles entered administration, and was purchased by Sports Direct (now, Frasers Group) in a pre-pack administration for £8 million. At the time of its insolvency in 2018 the company had 60 stores UK-wide.

Who bought Evans Cycles?

In 2018, Evans Cycles was acquired by Frasers Group PLC. With a significant increase in resources, opportunities and brand exposure available, Evans Cycles opens a new chapter in its proud history and one which embraces the ever-changing world our customers live in.

Can I get a bike loan without proof of income?

Yes, you can acquire a two-wheeler loan without income proof if you have other documents in place and are applying with a co-applicant.

Can I buy bike on credit card?

Yes! Besides, your credit card usage does not include interest costs as long as you pay your outstanding bill in full by the due date. This means, if you want to improve your credit score, buying your bike through a credit card can is an excellent solution.

What is considered a good credit score?

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

Does trek offer interest free financing?

If you are eligible for the six- or 12-month special financing plans, you'll pay 0% APR as long as you pay off your purchase in full by the end of the promotional period. For six-month special financing, you must spend a minimum of $250.

Is cycle to work a salary sacrifice?

Cycle to work operates as a 'salary sacrifice' employee benefit. This means that the employee agrees to give up part of their salary in exchange for a benefit – in this instance the benefit is a bike and/or accessories.

Can my limited company buy a bicycle?

The 'cycle-to-work' tax breaks apply equally to directors of one-person limited companies as they do to regular employees of large businesses. This means that the company (the employer) can buy a bike and bike safety equipment and loan it to the director (the employee) for qualifying business journeys.

Can you claim tax back for cycling to work?

Claiming a Tax Deduction for Your Bicycle if You're Self Employed. The easiest way is to use simplified expenses to claim for the cost of using your bicycle. You can claim a flat amount for each mile you cycle on your bike.

What happens at the end of a cycle to work scheme?

At the end of the hire period, Bike to Work Ltd will contact employees to discuss the options available. The most attractive option for employees will be to pay a small, refundable deposit (3% or 7% of the equipment value*) and continue to use the bicycle for an extended period of up to 36 months.

How does HMRC cycle to work scheme work?

Cycle to work schemes allow employees to buy a new bike and associated equipment without all the upfront costs and with the benefit of doing so out of their pay before tax and national insurance.

Can you claim a bike on tax?

There are generally two ways you could claim the cost of your personal bicycle: You could claim it as a work-related expense if you bought the bicycle specifically for work. You might have a job outdoors that requires you to get around and a bicycle is the best way to do it.

Do you pay VAT on bike to work scheme?

You must pay VAT on bicycles or safety equipment purchased for your employees. You cannot claim VAT back as the equipment is not used for the purposes of taxable supplies.

How do I start a cycle to work scheme?

They can do this by simply logging onto www.cyclescheme.co.uk and entering your organisation's name or employer code. Once logged in they hit 'START APPLICATION' and fill in the details of their request. 6. You (the employer) will now be alerted to the request via email.

How often can I buy a bike on the cycle to work scheme?

There is no limit on how many times you use the scheme during your employment, but as you can only have one application per 12 month period, use it wisely!

Does Tesco have a cycle to work scheme?

Tesco is changing their Cycle To Work Scheme supplier to Reward Gateway. If you are looking to get a new bike we are launching a new scheme through the Colleague Deals&Discounts page and will share more information on Our Tesco in late February.

What is Cyclescheme?

Cyclescheme is an employee benefit that saves you 26-40% on a bike and accessories (or even more with our offers). You pay nothing upfront and the payments are taken tax efficiently from your salary by your employer.

Can you add money to cycle to work scheme?

The Government (by way of the Department for Transport) state in their guidance on this matter that adding funds is not allowable. If you wish to spend more than your Certificate value, you will need to cancel it and reapply.

What happens at the end of Halfords cycle to work scheme?

During your extended hire agreement, you will make no further monthly payments. At the end of the 36 months you can either choose to send your bike back to your Cycle to Work provider (and your deposit will be refunded) or you take ownership of the bike. No further payments are needed.

Is Tredz owned by Halfords?

Halfords Group plc ("Halfords") announces that it has acquired Tredz Limited ("Tredz") and Wheelies Direct Limited ("Wheelies"), specialists in the online sale of premium bikes and accessories.

Does Royal Mail do cycle to work scheme?

Approximately 2,500 Royal Mail staff have taken up the cycle-to-work scheme. It has proved popular among staff who travel to work before public transport is up and running for the day. The scheme is unrelated to the bikes used for postal deliveries.

Does wiggle accept Cyclescheme vouchers?

Wiggle work with a range of leading cycle to work scheme providers including CycleScheme, CyclePlus and Bike2Work.

Can I buy 2 bikes on cycle to work scheme?

Yes! If you would like to get two bikes you certainly can – as long as they are both suitable and safe for you to ride, and your total doesn't exceed your scheme's maximum limit.

Do Evans Cycles accept Halfords cycle to work vouchers?

There are quite a few suppliers including Cyclescheme, the Halfords Cycle2Work Scheme and the Evans cycles scheme. We accept vouchers from every scheme currently in the market so you are not tied to the retailer shown at the top of the voucher.

How do you use SplitPay?

All you need to do is choose SplitPay as your payment method at checkout. First-time customers login in to SplitPay and get instant approval. Returning customers login to make their purchase. After you check out, the goods will be shipped to you by the merchant.

What is the minimum down payment for a bike?

Minimum Down Payment Required for a Bike Loan. It ranges from 15-30%* of the two-wheeler value. Down payment solely depends on the cost of the bike and your repayment capacity. It is advisable to pay some amount as down payment for availing lower EMIs on bike loan.

Are Evans Cycles built?

We endeavour to build and test each bike as quickly as possible while maintaining our high standards but due to unprecedented demand, our current bike dispatch dates are 14-18 days.

Why did Evans Cycles fail?

Evans slumped nearly £6m into the red in 2016 and has since faced rising business rates, an increase in the minimum wage and a fall in the value of the pound, which has made imported goods more expensive. In the year to October 2017, sales rose nearly 2% to £138m, but the company recorded another loss, of £2.5m.