Renewed Gear Bicycle Finance

Renewed Gear Bicycle Finance was created to make it possible for cyclists to keep pace with how quickly this sport evolves. An upgrade on whatever product you choose is always possible. Finance new attachments, bicycle frames, GPS, navigation, wheels, and more.

What recommends Renewed Gear Bicycle Finance is that upgrades by addition or replacement are flexible and you’ll be able to tailor rentals to suit your budget. Business clients are particularly drawn to this specialised bike finance option because premiums are 100% deductible from taxable income. This means that you’re always getting the highest after-cost value for your ride.

CALCULATE PREMIUM

COMPLETE APPLICATION NOW

 

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?
  • Any new or used bicycle, bicycle frame or components.
  • Wheel sets.
  • Attachedments (e.g Indoor Trainers).
  • All Serialized Accessories & unserialized accessories (limited to 10% of bicycle value).
BICYCLE TERMS
  • Minimum finance from R20,000.00 with no upper limit.
  • Deposits from 0%.
REQUIRED DOCUMENTS
Businesses:
  • Latest 3 months business bank statements (Internet statements are accepted).
  • Company Registration Documents.
  • Copy all members/directors ID’s.
  • Completed Application Form.
  • Quotation.
Individuals:
  • Latest 3 months bank statements (Internet statements are accepted).
  • Latest 3 months salary slips.
  • Copy of ID.
  • Completed Application Form.
  • Quotation.
RENEWED GEAR BICYCLE FINANCE - BICYCLE FINANCE FOR BUSINESS OWNERS:

We finance according to an operational rental model which has various advantages:

  • A deposit is usually not required – therefore no negative effect for your company or in terms of your personal cash flow.
  • 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 over a period of either 12 or 24 or 36 months.
  • Subject to credit approval. E & OE.