RENEWED GEAR BIKE FINANCE
Renewed Gear BIKE FINANCE
Renewed Gear Bicycle Finance developed a finance product specifically for the enthusiastic cyclist to stay relevant and on top of the rapidly advancing sport of cycling. An added benefit is that an upgrade at any time is possible. We will show you how cost of ownership can beat the purchase price.
What Can I Finance
- New bicycle frame from manufactured approved dealer (indicating serial number)
- Wheels
- Attachments
- All accessories (e.g. GPS and navigation)
Bicycle Terms
- Finance from R10,000.00 and up with no upper limit.
- Finance Period (rental): 12, 24 or 36 months
- Minimum required deposit: 12 & 24 months- 15% of purchase price OR 36 months- 20% of purchase price
Advantages of doing it the RENEWED way
- Total flexibility concerning upgrade by addition or replacement.
- Rentals can be tailored to fit in with your budget.
- Rentals are viewed as an operating cost – thus off-balance sheet financing.
- The total premium could be fully deductible from your taxable income (for business clients).
- Results in the lowest after-tax cost to you (for business clients).
- Enables you to keep up to date with the newest technology.
- Gives you the flexibility you need.
- Offers you the most convenience with the least complications.
- Enables you to replace equipment when maintenance costs become excessive.
Renewed Gear BIKE FINANCE
Individual
- Last 3 months salary advices
- Last 3 months bank statements
- Copy of ID
BUSINESSES
- Company registration documents
- Latest financials/management account
- 3 months bank statements
- Copy of ID of directors/shareholders/members
BICYCLE FINANCE FOR BUSINESS OWNERS
We finance according to an operational rental model which has
various advantages:
- Due to the operational rental approach, VAT could be claimed in terms of such costing.
- As is the case with golf green fees, your riding expenses (installment/premium/insurance), when in the company of your clients, could be fully deductible from your taxable income.
- Since the rental agreement is off the balance sheet, it does not affect the gearing of the company.
- We finance a bicycle in your company name or personal over a period of either 12, 24 or 36 months.
- Subject to credit approval. E & OE.
RIDE YOU DREAM BIKE TODAY
If you need any more information on our bike finance, please feel free to fill in the form below and we’ll get back to you.
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