What are bike finance programs?
Financing a bike in the UK is similar to financing an electric bike or other expensive bikes. Let's consider several ways of financing a bike
- Retailer Finance. Many bicycle shops cooperate with banks and financial companies, offering their customers financing programs for the purchase of a bike. You choose a bike, determine the most suitable financing program, apply, and, once approved, receive the bike and the commitment to pay monthly payments.
- Personal loans. This method involves the following process: you apply for a loan from a bank or online lender directly, if approved, the money is transferred to your account and you can buy a bike
- Credit cards. You can use a credit card to buy a bike. For such a program to be profitable, it is worth paying off the balance during the grace period of 0%.
- PayPal credit. This program is suitable when the seller accepts PayPal. In this case, you can apply for a PayPal loan, use PayPal to pay for the bike
- Hire Purchase (HP). Features of this financing method - You can choose a bike, which is available under HP. Next, you need to pay the initial deposit and make monthly payments. It is worth noting that the ownership of the bicycle is transferred only after the last installment has been paid.
So there are many ways to finance a bike in the UK. Be sure to compare the different options to find the one that offers the best terms and fits your financial situation. For this, we recommend using the catalog of offers, which is available on this page. Here you can find 0 finance for dirt bikes, mountain bikes, e-bikes, quad bikes, exercise bikes, push bikes, off-road bikes, pedal bikes, trek bikes.
Can I finance a bike with bad credit?
Yes, it is possible to finance a bike with bad credit in the UK. However, it is worth considering that the possibilities of borrowers with a bad credit history may be somewhat limited, such loans may be granted at higher interest rates and for shorter terms. However, getting bike financing is quite possible.
As an alternative, you can also take out a personal loan. Your possible expenses:
Personal loan calculations for 1 year (example)
| Amount, $ | Rate, % | Accrued %, $ |
| 5,000 | 7.20% | 195 |
| 5,000 | 8.20% | 222 |
| 5,000 | 9.20% | 249 |
| 10,000 | 9.30% | 504 |
| 10,000 | 10.30% | 558 |
| 10,000 | 11.30% | 612 |
| 20,000 | 11.40% | 1,235 |
| 20,000 | 12.40% | 1,343 |
| 20,000 | 13.40% | 1,452 |
| 25,000 | 13.50% | 1,828 |
| 25,000 | 14.50% | 1,964 |
| 25,000 | 15.50% | 2,099 |
Are there 0 finance bike offers?
Yes, there are 0% finance bike offers available in the UK, which allow you to purchase a bicycle and spread the cost over a period without paying any interest. These offers are often provided by bike retailers, manufacturers, or through finance companies in partnership with the retailers.
Where to Find 0% Finance Bike Offers: Specialist Bike Retailers, High Street Retailers, Direct from Manufacturers, Online Retailers.
Are there special offers for e-bike finance?
Yes, there are special finance offers available for e-bikes in the UK. These offers can make purchasing an e-bike more affordable by allowing you to spread the cost over time, often with 0% interest or other attractive terms.
Here are some places where you can find such offers:
- Retailers Offering 0% Finance on E-Bikes
- Direct from Manufacturers
- Cycle to Work Schemes
- Online Retailers
- Local Bike Shops
What types of bikes can I purchase?
In the UK, you have a wide variety of bikes to choose from, depending on your needs, preferences, and the type of riding you intend to do. Here’s an overview of the main types of bikes available:
- Road Bikes
Purpose: Designed for speed and long-distance riding on paved roads.
Features: Lightweight frames, drop handlebars, and narrow tires.
Types:
Race Bikes: Optimized for speed and agility.
Endurance Bikes: More comfortable for long rides with a more relaxed geometry.
Aero Bikes: Designed for minimal air resistance, used in time trials.
- Mountain Bikes (MTB)
Purpose: Built for off-road trails, rough terrain, and rugged paths.
Features: Sturdy frames, wide knobby tires, suspension systems (front or full), and flat handlebars.
Types:
Cross-Country (XC): Lightweight, good for climbing and long-distance rides.
Trail Bikes: Versatile and good for a variety of off-road conditions.
Downhill Bikes: Built for steep, aggressive descents.
Enduro Bikes: A mix between trail and downhill, capable of handling tough terrains.
- Hybrid Bikes
Purpose: A versatile option for both city riding and light off-road use.
Features: Combines features of road and mountain bikes, flat handlebars, medium-width tires, and often comes with mounts for racks and fenders.
Types:
Commuter Hybrids: Focused on comfort and practicality for daily commuting.
Fitness Hybrids: More performance-oriented, for fitness rides and longer distances.
- Gravel Bikes
Purpose: Designed for mixed surfaces, including paved roads, gravel paths, and light trails.
Features: Drop handlebars, wider tires than road bikes, and a more relaxed geometry for comfort over long distances.
- Cyclocross Bikes
Purpose: Built for cyclocross racing, a type of off-road racing that includes obstacles.
Features: Lightweight frames, drop handlebars, and knobby tires suitable for mixed terrain.
- Electric Bikes (E-Bikes)
Purpose: Bikes with an electric motor to assist with pedaling, great for commuting, longer rides, or reducing effort on hills.
Features: A range of types, including e-road bikes, e-mountain bikes, and e-hybrids, with different levels of motor assistance.
- Folding Bikes
Purpose: Compact and portable, ideal for city commuting, especially when storage space is limited.
Features: Can be folded into a compact size, making them easy to carry on public transport or store in small spaces.
- Touring Bikes
Purpose: Designed for long-distance travel and carrying heavy loads.
Features: Sturdy frames, comfortable geometry, wide gear ranges, and mounts for racks and panniers.
- BMX Bikes
Purpose: Built for stunt riding, dirt track racing, and skateparks.
Features: Small, robust frames, 20-inch wheels, and single-speed gearing.
- Cruiser Bikes
Purpose: Comfortable bikes for casual riding, often seen at the beach or in flat, urban areas.
Features: Upright seating position, wide tires, and simple, often single-speed gearing.
- Fixed Gear and Single-Speed Bikes
Purpose: Simple, low-maintenance bikes typically used for city commuting or urban riding.
Features: No gears (single-speed) or fixed gear (where the pedals move as the bike moves).
- Kids’ Bikes
Purpose: Bikes designed for children, catering to various age groups and sizes.
Features: Smaller frames, training wheels for beginners, and options that mimic adult bike styles (like mini mountain bikes or road bikes).
- Fat Bikes
Purpose: Designed for riding on soft surfaces like sand, snow, or mud.
Features: Extra-wide tires for increased traction, robust frames, and often lower gears.
You can see the similar FAQ at the link:
- Bank of Ireland lending criteria
- HSBC bank transfer time within the UK
- HSBC graduate loans
- HSBC in America
- HSBC loan early repayment: how to manage
Details of companies offering the financial services:
Absolute Motorcross
Head office’s address: Unit 1Meadows Rd, Cross Hands, Llanelli SA14 6RA
Contact center: +44 1269-844009
Web-site: https://absolutemotocross.co.uk/
Agros
Head office’s address: 489-499, Avebury Blvd, Milton Keynes MK9 2NW
Web-site: https://www.argos.co.uk/
AIB Group (UK)
Head office’s address: 1 Undershaft, London EC3A 8AB
Phone: +44 (020) 764-733-00
Web-site: https://aibgb.co.uk
Swift code: AIBKGB2LXXX
Reference number: 122088
ABN: NI018800
BSB: AIB
AutoTrader
Head office’s address: 4th Floor 1 Tony Wilson Place Manchester M15 4FN
Phone: +44 345 111 0003
Web-site: https://www.autotrader.co.uk/
Cash Compare
Head office’s address: London
Web-site: https://www.cashcompare.co.uk/
Evan Cycles
Head office’s address: Chill Factore Trafford Way, Manchester, Greater Manchester, M41 7JA, United Kingdom
Contact center: +44 141-2330-200
Web-site: https://www.evanscycles.com
Evolution Money
Head office’s address: 9 Portland Street, Manchester
Contact center: 0161-814-9158
Web-site: https://enquiry.clarity-uk.com/
FitKit
Head office’s address: Harrowbrook Ind Estate Whittle Road (Off Newton Road) Hinckley LE10 3DS
Contact center: 01455-245720
Web-site: https://www.fitkituk.com/
Fitness Superstore
Head office’s address: 13 Gate Lodge Close, Northampton, Northamptonshire, NN3 8RJ, United Kingdom
Contact center: 01604 673000
Web-site: https://www.fitness-superstore.co.uk/
Fun: bikes
Head office’s address: Unit 5f, Old Dalby Business Park, Old Dalby, Leicestershire LE14 3NJ
Contact center: +44 1664-498640
Web-site: https://www.funbikes.co.uk/
GH Motorcycles
Head office’s address: 1 Challenge Way, Colchester CO1 2LY
Contact center: +44 1206-791155
Web-site: https://ghmotorcycles.co.uk/
Got Capital
Head office’s address: 131 Finsbury Pavement, London
Contact center: +44(0)203 7500096
Web-site: https://gotcapital.co.uk/
Halifax
Head office’s address: The Mound, Edinburgh EH1 1YZ
Contact center: 0345-720-3040
Phone: +44 (011) 3242 19 84
Web-site: http://www.halifax.co.uk/
Stock code: HALP
Holeshot Motocross LTD
Head office’s address: Unit 1 & 2 Penton Building, Stephenson Rd, Salisbury SP2 7NP
Contact center: +44 1722-786251
Web-site: https://www.holeshotmotocross.co.uk/
Honda UK
Head office’s address: Cain Rd, Binfield, Bracknell RG12 1HL
Web-site: https://www.honda.co.uk/
John Lewis & Partners
Head office’s address: Victoria Street
Phone: 0345-604-9049
Web-site: https://www.johnlewis.com/
Leisure Lakes Bikes
Head office’s address: 155 Longmeanygate, Leyland PR26 7TB
Web-site: https://www.leisurelakesbikes.com/
Nationwide
Head office’s address: Nationwide House Pipers Way
Contact center: 0800-30-20-15
Phone: +44 (034) 5730 20 15
Web-site: http://www.nationwide.co.uk
Swift code: NBSMGB22
Reference number: 106078
Stock code: NBS
ABN: 355B
BSB: NBSM
Pegasus Finance
Head office’s address: Technology House, Station Rd, Alton GU34 2PZ
Contact center: 800-066-2882
Web-site: https://www.pegasuspersonalfinance.co.uk/
PowerHouse Fitness
Head office’s address: 3 Rutherglen Links Rutherglen Links Business Park Farmeloan Road Glasgow G73 1DF. Laidir Leisure Limited T/A Powerhouse Fitness Запросы других польз
Web-site: https://www.powerhouse-fitness.co.uk/
Santander
Head office’s address: 2 Triton Square, Regent's Place, London, NW1 3AN
Contact center: 0800-389-7000
Web-site: http://www.santander.co.uk/
Swift code: ABBYGB3E
Reference number: 106054
ABN: 02294747
BSB: ABBY
Tesco Bank
Head office’s address: 2 S Gyle Cres, Edinburgh EH12 9FQ
Contact center: 0800-591-688
Phone: +44 131 203 5000
Web-site: http://www.tescobank.com
Swift code: TPFGGB2L
Reference number: 186022
Stock code: TSCO
ABN: SC173199
BSB: TPFG
The Bike Factory
Head office’s address: 153-161 Boughton, Chester, CH3 5BH
Phone: 01244-317-893
Web-site: https://www.thebikefactory.co.uk/
The Quadbike Warehouse Ltd
Head office’s address: Brookhouse Farm, Brookhouse Ln, Redditch B97 5PR
Contact center: +44 1527-402262
Web-site: https://www.thequadbikewarehouse.com/
Tredz UK
Head office’s address: St. Gerards House, Kingsway, Swansea West Industrial Park, Swansea
Web-site: https://www.tredz.co.uk/
TSB
Head office’s address: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH
Phone: +44 (034) 5975 87 58
Web-site: http://www.tsb.co.uk
Swift code: TSBSGB2A
Reference number: 119278
Stock code: 94AQ
ABN: SC095237
BSB: TSBS
WHEELBASE
Head office’s address: Unit 1 Sun Building, Stockfield Road Chadderton, Oldham, Lancashire, OL9 9LU
Contact center: 01539-821-443
Web-site: https://www.wheelbase.co.uk/
Wheelies
Head office’s address: Kingsway, Fforest-fach, Swansea SA5 4DL
Web-site: https://www.wheelies.co.uk/
Wigan Yamaha Centre
Head office’s address: Wilcock St, Wigan WN3 4AR
Phone: +44 1942-491491
Web-site: https://www.wiganyamaha.co.uk/
Zopa
Head office’s address: London
Web-site: https://www.zopa.com/