With Klarna, you can spread the cost over three months with their Pay In 3 options. There’s no additional cost through fees or interest, and as Klarna only performs a soft credit check, there’s no impact on your credit rating. The first payment is taken at the time the order is placed, the second 30 days later, and the third at 60 days post-purchase. Do remember though: acceptance is not guaranteed and is based on a number of factors including the order value, previous spending history and stock availability.
Spread The Cost: Cycle To Work Scheme & Finance
A good bike doesn't need to cost a fortune – but the truth is they don't come cheap either. Luckily there are a few ways to help take the sting out of that initial outlay.
Klarna
Cycle To Work
We also work with a large range of the government-backed Cycle To Work scheme operators. This allows you to save up to 47%*, by paying a salary sacrifice before tax and National Insurance. We accept vouchers from Bike2Work, Vivup Benefits, CycleScheme and (our favourite) The Green Commute Initiative.
Why do we have a favourite? Well, as a worker’s cooperative, a social enterprise like GCI feels like our kind of people. Their profits are reinvested into the business, which means more people on bikes. It’s not simply a case of cashing in on a government scheme: as an associate of the APPCG, The Green Commute Initiative works to encourage people onto bicycles whether it’s through their purchase system or not. Now that’s the kind of organisation we like to be involved with.
* The Government announced on the 23rd September 2022 that from 6th November 2022, the temporary 1.25 percentage point increase in National Insurance rates is being reversed for the rest of the financial year. From 6th November 2022, the savings on the Cycle to Work Scheme will reduce from 33.25%, 43.25% or 48.25% to 32% for basic rate tax payers, 42% for higher rate tax payers or 47% for additional rate tax payers.