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bike finance

Bike finance, a quick and easy way to fund your new road, hybrid, mountain or electric bike with Bike Shed.

Finance is available on a large range of bikes, clothing and accessories in all our stores and via mail order (via email or telephone) with a minimum transaction value of £350bike finance. A minimum of a 10% deposit is required for all purchases on finance.

0% Finance is available on all full priced items, as well as a hand picked selection of discounted models. If you are interested in a discounted bike, but are unsure whether or not it can be purchased with 0% finance, just ask.

For the remainder of the discounted models, we can still provide finance, but there will be an interest charged. For further details on our bike finance charges, see below.

For full priced items, finance options are available in 6, 10, 12, 18, 24, 36 or 48 month payment periods.

  • 0% interest finance is available on terms up to 12 months.
  • 4.9% interest finance is available on terms of 18 or 24 months.
  • 15.9% interest finance is available on terms of 36 months.
  • 15.9% interest finance is available on terms of 48 months.

You can include as many parts, accessories, clothing etc as you wish as part of the purchase. The finance application will simply be calculated on the total purchase price for all items.

Once the finance agreement has been accepted by V12 Retail Finance, we cannot modify the value of the loan without re-applying for finance.

Application Examples

Available for transactions totalling over £350 where items are sold at original RRP.

Example:

Bike Price £1899.00

Deposit £189.90 (Min 10%)

Loan Amount £1709.10

12 Repayments of £142.43 @ 0%

Total Paid £1899.00

Available for transactions totalling over £350 where items are sold at original RRP.

Example:

Bike Price £1899.00

Deposit £189.90 (Min 10%)

Loan Amount £1709.10

24 Repayments of £98.60 @ 4.9%

Total Paid £1964.66

Available for ALL transactions totalling over £350.

Bike Price £1899.00

Deposit £189.90 (Min 10%)

Loan Amount £1709.10

36 Repayments of £59.11 @ 15.9%

Total Paid £2317.86

Available for ALL transactions totalling over £350.

Bike Price £1899.00

Deposit £189.90 (Min 10%)

Loan Amount £1709.10

36 Repayments of £47.43 @ 15.9%

Total Paid £2466.54

As a general rule, 0% Finance over 12 months, and 4.9% finance over 24 months is not available on sale and discounted models items, nor can it be used to top up a Cyclescheme voucher. However, we are happy to review each request on a case-by-case basis. If we're unable, we will calculate the best alternative rate that we can offer.

To enquire about financing your next purchase, please contact us today!

To apply for finance you must be:

  • At least 18 years of age
  • A permanent UK resident
  • In regular employment (minimum of 16 hours per week) including self employment, or in permanent residence with your spouse/partner who is in regular employment
  • In receipt of pension if you are retired
  • If registered disabled confirmation of sufficient income will be required
  • Loans subject to status. Available to UK residents 18 years and over. Full terms and conditions are available in store or by writing/emailing to The Bike Shed, Union Road, Crediton, Devon, EX17 3AW. Written details on request.