0% APR Finance with just a 10% deposit

Looking to spread the cost of your new road, mountain, electric, or commuter bike? We've teamed up with Novuna to offer you the option of spreading the cost of your new purchase. Choose from interest-free finance over 6, 12, 18 or 24 months or interest-bearing finance over 36, or 48 months.

Spend £675 or more on any items with us and you can spread the cost with finance. It takes just a few minutes and you only have to put down a 10% deposit.

Choose the number of months you'd like to spread the cost over from the options below. Bike Shed finance is provided by Novuna.
Credit subject to status and affordability. Terms & Conditions Apply. Credit is provided by Novuna Personal Finance a trading style of Mitsubishi HC Capital UK PLC, authorized and regulated by the Financial Conduct Authority. Financial Services Register no. 704348. The register can be accessed through http://www.fca.org.uk

Interest Bearing Finance Example

Up to 48 months 15.9% APR representative interest-bearing finance.
Spread the cost with interest-bearing finance available online and in-store.

This simple finance option allows you to spread the cost of your purchase over 12, 24, 36, or 48 months.
All you need to do is:
1. Spend a minimum of £675 and above
2. Place a 10% deposit
3. Minimum finance amount after deposit £607.50 and above

These 3 simple interest-bearing finance options help you spread the cost of your purchases.
• 24 months interest bearing finance on orders of £675 and above
• 36 months interest bearing finance on orders of £675 and above
• 48 months interest bearing finance on orders of £675 and above

The table below shows you how much the monthly repayments will be based on the total order value.

Representative Example

Interest-Free Finance Example

Up to 24 months 0% APR representative interest-free finance.
Spread the cost with interest-free finance available online and in-store.

This simple finance option allows you to spread the cost of your purchase over 6, 12, 18 or 24 months.
All you need to do is:
1. Spend a minimum of £675 and above
2. Place a 10% deposit
3. Minimum finance amount after deposit £607.50 and above

These 3 simple interest-free finance options help you spread the cost of your purchases.
• 12 months interest bearing finance on orders of £675 and above
• 18 months interest bearing finance on orders of £675 and above
• 24 months interest bearing finance on orders of £675 and above

The table below shows you how much the monthly repayments will be based on the total order value.

If you require any further information about finance please call 01363 774773

Finance FAQ

How do I choose to PaybyFinance?
Just select the finance option on the checkout page or let the sales consultant know if you're buying in one of our stores.

Who is eligible to apply for online finance?
To apply for online finance, you must be over the age of 18, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last 12 months or more.
Unfortunately, we are unable to offer online finance to residents of Eire. Homemakers aren't excluded from applying under their own names; however, the employment details of your spouse/partner will be required in order to process your application.

When do my repayments start?
Your monthly repayments will begin one month after your purchase has been delivered.

Are there any arrangement fees or hidden extras for credit?
No. There are no arrangement fees or hidden extras.

Applying for online finance
Applying for online finance couldn't be easier or more convenient. When you buy online from The Bike Shed trading as The Bike Shed you have the choice of applying for finance by adding your purchase to the shopping basket, selecting the finance option, and completing an online application form. Just follow the simple instructions, enter your personal details as required and we'll do the rest.
The whole process only takes a few minutes and is simple and secure. Once your finance application is approved, you will then be advised of how to sign the finance agreement and you will also receive an email confirming these details.

Please read the agreement carefully checking that all the details are correct, then either electronically sign the agreement or print and sign the agreement in both boxes. Post the signed agreement to the address shown on the covering letter of the agreement.
Following receipt of your finance agreement and a few additional checks, your goods will be dispatched.

Your questions answered

Here's some of the most commonly asked questions regarding online finance.

Once my application is approved, what happens next?
Within minutes of your application being approved, you will be presented with the options to either e-sign or print and return your finance agreement.
If you choose to e-sign your agreement, a PDF of your agreement will be displayed on the screen. You should read the agreement carefully before clicking all the relevant sections agreeing to its terms.
Once you have agreed to the terms of the finance agreement The Bike Shed trading as The Bike Shed will be notified and you need do nothing more.
If you choose to print and return your agreement you should print the agreement, read it carefully and then sign the document following the instructions on the covering letter. This signed document should then be posted to the address shown on the covering letter of the finance agreement.
Note that products will not be allocated to your order until your completed and signed agreement is returned and received by Novuna Personal Finance. Shipment of your goods will follow soon after your agreement has been returned and received.

Will you credit score me and if so, what does this mean?
Credit scoring is the process used by financial services companies to evaluate the credit risk of new applicants. This technique will be applied to your application for online finance. Credit scoring works by awarding points for each answer given on the application form such as age, income and occupation, together with information obtained from credit reference agencies.
This information allows consistent decisions to be provided, ensuring all applicants are treated fairly. Credit scoring does not discriminate on the grounds of sex, race, religion or disability.

If you decline my application, what is the reason?
In addition to credit scoring, Novuna also takes into account confirmation of your identity, validation of certain application details, existing commitments, and information held at the credit reference agencies. Though Novuna is unable to provide you with the main reason for declining your application, it is usually based on one, or a combination of the following:
• Your credit score (please note that every finance company will score you differently)
• Adverse credit reference agency information
• You are considered to be overcommitted
• You are aged under 18
• Your existing account performance with other lenders

What type of information do credit reference agencies hold about me?
Some of the information is public information, for example, electoral roll, County Court Judgments, and bankruptcies. Other lenders may also file information about accounts you hold with them for instance this could include your payment history and outstanding balance on these accounts. Any requests for credit, where a credit reference search has been undertaken, will also be filed, although the result of the request is not recorded.

How do I obtain a copy of this information?
Send a request to the relevant credit reference agency, together with details of all addresses at which you have lived over the last 6 years:
• Experian Limited, Customer Support Centre, PO Box 9000, Nottingham, NG80 7WF
• Equifax Ltd., Customer Service Centre, PO Box 10036, Leicester, LE3 4FS
• TransUnion International UK Limited, Consumer Services, PO Box 491, Leeds, LS3 1WZ
The above-listed agencies will provide details of information relating to these addresses. If you believe that the information is incorrect, you can ask the agency to correct it.

If my application is not successful, can I re-apply?
Yes. We acknowledge that circumstances change and just because a previous application has been refused, it does not mean that a further request will automatically be turned down. We do suggest, however, that you leave at least 6 months between applications.

What is the Cycle to Work Initiative?

The Cycle to Work Initiative is a Government back scheme to provide tax-free bikes. It’s a brilliant programme where everyone wins – employees make big savings on new bikes, employers get a healthier workforce and save money too! You can even get an electric bike on the scheme to make your commute easier.

There are numerous providers of the government-backed cycle to work initiative (Cyclescheme, Cycle Solutions, Green Commute Initiative, Halfords, etc) and Bike Shed is generally able to accept vouchers from any of them. Please get in touch for confirmation.

How it Works

The cycle to work scheme is a government initiative which allows employees to hire bicycles tax-free from their employers using salary sacrifice. As the payments into the scheme are made before tax and national insurance are calculated this leads to potential savings of up to 42%

In essence your employer buys the bike and accessories for you to ride to work and you ‘hire’ it from them. The ‘hire’ period is usually 12 or 18 months with monthly payments taken directly from your payslip before tax deductions.

As you don’t pay income tax or national insurance on the scheme payments you will save between 32% and 42% (depending on your tax band) on the overall cost of your new bike and accessories. Although your employer owns the bike, effectively it’s yours to use as you wish throughout the ‘hire’ period.

How much can you save buying a bike through Cycle to Work schemes?

You can save between 32% and 42% on a new bike with the cycle to work scheme. The exact amount you can save is determined by your tax band, which is determined by your annual salary.

Here is an example: ( At the time of writing ) If you want to buy a bike for £2500 and earn under £50,000 you would pay £1700, whereas if you earn over £53,000 a year you would only pay £1450.

Enter your details to see how much you could save.

How to apply

1. Check that your employer is registered with a cycle to work scheme and make a note of the scheme name and your 'employer code'.

2. Then either come into one of our stores, visit our website or contact us to ask us for a quotation and choose what bike and/or accessories you want to buy.

3. Once you have made your choice contact us to reserve your items and provide all the information you need to make your claim. This will avoid you being disappointed if the goods you wanted sell out why you are making your claim.

4. Next visit the website for your employers chosen cycle scheme, create an account and make your claim. You will need your employer code to complete this.

5. Once your employer has approved your application, you will receive your letter of collection.

6. Finally you bring this to us and redeem your bike and accessories. The process usually takes between 1-2 weeks.

Cyclescheme is available for mail order, however, a delivery charge of £59 will apply for bikes under £750. This charge can be included in your quotation, assuming it remains below the limit, otherwise, it must be paid for prior delivery.

For any questions regarding Cyclescheme please contact us

Please Note: Cycle to work schemes may not be available on bikes that are on Sale or on Promotion unless specifically stated.

FAQ's

Is there a limit to how much you can spend?

NO. There is no longer a price limit on the cost of the bike you buy. Unless your employer has imposed their own limit.

Can I buy a bike AND accessories?

YES. You can buy a bike and associated safety equipment such as helmets, shoes, clothing, luggage, pumps, lights and locks. Prohibited items are GPS ride trackers and navigation devices, bike racks for cars, cameras, turbo trainers or rollers, gift cards, nutritional products and foodstuffs.

I already have a bike, can I buy another one on a Cycle to Work Scheme?

YES. You are allowed to buy a bike on the cycle to work scheme if you already own a bike.

I already own a bike, can I just buy accessories on a Cycle to Work Scheme?

YES. You can buy accessories on their own but you are limited to accessories that you could use while commuting to work such as as helmets, shoes, clothing, luggage, pumps, lights and locks. Prohibited items are GPS ride trackers and navigation devices, bike racks for cars, cameras, turbo trainers or rollers, gift cards, nutritional products and foodstuffs.

What are you not allowed to buy on a Cycle to Work Scheme?

Kids bikes or prohibited items: GPS ride trackers and navigation devices, bike racks for cars, cameras, turbo trainers or rollers, gift cards, nutritional products and foodstuffs.

Can I buy an electric bike on a Cycle to Work Scheme?

YES. You are allowed to buy electric bikes through a cycle to work scheme. They are are a great choice for commuting allowing you to arrive at work in a much fresher state, ideal if your workplace does not have dedicated showers. You could even tackle a longer commute that would have been challenging on a traditional bike.

What Cycle to Work Schemes do the Bike Shed accept?

We accept all cycle to work schemes such as Cyclescheme and Cycle 2 Work, Bike to Work.

What happens at the end of the 'hire' period?

You have a choice, you can return the bike, you can take ownership of the bike and pay a fee based on 'fair market value' or you can extend your hire agreement to 36 months for a single small refundable deposit.

If you decicde to take ownership of the bike, then HMRC has set fair market values that employers must pay to keep the bike. So, you may be asked to pay up to 25% of the value of a bike costing more than £500 after 12 months.

* Please note: there is no guarantee that your employer will transfer ownership to you at the end of the hire period. Usually employers are happy to do this, but you should check with your HR department to be sure.

If you decide to extend your hire you will be asked for a refundable deposit of between 3-7%. 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.

Our delivery charges are based on delivery to mainland Britain. For Northern Ireland, Northern Scotland and all offshore UK islands there is an additional charge. Orders placed after 1pm will be classed as the next working day.

Click & Collect

FREE (0-5 working days)
Choose to collect your bike from one of our four stores in Devon.
If paying by finance your order must be delivered to your home address, alternatively, you can apply in-store and take your bike home the same day.
*Paying by finance online and collecting in-store is currently not possible.

Bike Delivery

Bikes under £500 - £35 (1-7 working days)
Kids Bikes - £19.99 (1-7 working days)
Bikes over £500 - FREE (1-7 working days)

Please note: a delivery fee may be applicable if you are purchasing a bike on sale or via a Cycle to Work scheme.

Turbo Trainer Delivery

£25 (1-5 Working Days)

Clothing, Parts & Accessories

Standard Delivery over £75 - FREE (1-5 Working Days)
Standard Delivery under £75 - £4.95 (1-5 Working Days)
Delivery depends on which store the item you are purchasing is located in.
If you're unsure get in touch on Live Chat or call 01363 460 360

Northern Ireland, Highlands and Islands

Bikes £100
Turbo Trainers £100

Supplier Warehouse Products

Please allow 7-10 working days for your order to arrive.
NOTE: Due to worldwide parts availability issues and increased demand occasionally delivery times may exceed this. If this is the case we will contact you and offer you the option to wait, swap to an alternative product or receive a full refund.

Premier Bike Delivery

We're excited to introduce our Premier Bike Delivery service, featuring doorstep delivery with a personal touch from a qualified mechanic. This premium service includes:

• Delivery of your bike "ready to ride", perfectly adjusted to your specifications including the seatpost and pedals.
• A post-delivery briefing by a certified bike mechanic to ensure everything is set up just right.
• Flexible delivery dates that work around your schedule.

Please note, there will be a workshop lead time to complete the pre-delivery inspection of your bike.

After placing your order, a representative from our Customer Care team will reach out to arrange a delivery date that suits you.

This service costs £149

If you are unavailable to take delivery of your order at your address we may be able to arrange for the courier to leave your goods in a safe place or with a neighbour. Please be aware that we can take no responsibility for lost or damaged goods that you have chosen not to sign for. We regret that we can accept no responsibility for subsequent damage that may occur, once the order has been left at the delivery address.

If at a first attempt the courier fails to deliver the order then they will leave a card and it will be up to the recipient to make arrangements to receive the order from them. The courier will try to deliver the order once more free of charge, after this they will charge out at their standard rate, this will be advised by the courier at the time of arranging any subsequent deliveries.

BIKE DELIVERIES

We can usually arrange for couriers to deliver between 9.00am and 5.00pm Monday to Friday. You will be contacted to arrange a convenient time once your order has been processed.
All bikes are fully built and setup by a professional mechanic before being boxed up and sent out. If you require your bike not to be built please request this at the time of purchase.
Bike delivery times can vary between 1 - 5 working days to allow time for your bike to be built and setup before we send it out.

DELIVERY OUTSIDE OF THE UK

We do not currently offer delivery outside of the UK.

RETURNS, REFUNDS AND CANCELLATION POLICY

Bike Returns: If you desire to return your bike, you must keep it in the box and call us on 01363 774773 to arrange a collection.

Please note the following:

1. If the bike is damaged or the incorrect bike is sent, we will cover the cost of collection and delivery of the replacement bike.
2. If we send the correct bike, but upon inspection, you decide it is not the bike for you, there will be an £100 charge for the collection.
3. Please do not ride the bike as a full refund cannot be given if the bike has been used.

Damaged Goods: If order(s) are broken or spoiled when it is delivered then you must notify us as within 24 hours of delivery, otherwise the returns policy becomes invalid. You will have the option of returning the whole order or just the affected items. You can notify us by phone on 01363 774773, email on web@bikesheduk.com or by post by writing to The BikeShed, Union Road, Crediton, Devon, EX17 3AN. All refunds under this returns policy will be paid within 30 days of you notifying us, providing that the merchandise has been collected by our courier. Any items being returned must be in their original packaging to prevent any further damage.

Cancellations: You can cancel an order at any time up to 7 days from the date of delivery as long as the items remain unopened and intact by calling us on 01363 774773, contacting us via email on web@bikesheduk.com or by post by writing to The BikeShed, Union Road, Crediton, Devon, EX17 3AN. You will have responsibility for looking after the items until we collect it, we will reimburse the price of the items within 30 days from the date of which you inform us that wish to cancel the order, provided that the order has been collected by the courier. Unfortunately we are not able to reimburse you the delivery cost of sending unwanted items back to us.

AVAILABILITY

Unfortunately from time to time items may become unavailable, we will do our best to minimise this occurrence however if it should happen then we will contact you to suggest an appropriate alternative.

Here at the Bike Shed we always strive to offer value for money and offer friendly expert advice on the best quality products we can source.

We are great supporters of shopping locally due to the benefits it has on our local economy, employment, and community. However, we do not want to see you disadvantaged by choosing to shop with us and we, therefore, will match any UK based competitors’ prices on the following conditions:

• The product must be available with the UK supplier even if discontinued or an older model.

• If assembly is required there may be an additional charge for this.
Please note: If the Bike Shed assembles your bike not only will your warranty be more robust you also qualify for a free first service with us.

• We reserve the right to contact the seller to verify the price/availability/accuracy etc.

• Used, ex-demo, ex-display, returns, and all online auction sites do not qualify.

Where the item does not match the above, we still attempt to be competitive in terms of price, quality, and service.

We reserve the right to decline the price promise at our own discretion

Buy a bike from the Bike Shed and your first service is on us!

Simply arrange a convenient time with your local store and our bike mechanics will give your bike a thorough check and tune up to ensure you're riding as smoothly and efficiently as possible.

Your free service needs to be taken between approximately 6 weeks and a maximum of 3 months from the date of purchase.

Please note: To qualify for the free service you are responsible for bringing your bike into a store. Unfortunately collections are not possible.

Looking for a more comprehensive service? Check out our workshop page for more details

Please note: Manufacturers can sometimes change the specification of the products from time to time.