Why lease an electric bike?
A quality electric bike costs between £1000 and £2000 (and can be more). In today’s climate this can prove prohibitive for some. With a FreeGo Business User Lease these are just some of the benefits:
- VERY LOW MONTHLY PAYMENTS – FROM £30
- BIKES CAN BE CUSTOMISED – CORPORATE COLOURS, LOGO ETC.
- CAN BE RE RENTED – A VERY GOOD INCOME STREAM
- IDEAL FOR HOTELS, LEISURE PARKS, COUNCILS AND MARINAS etc.
- CAN BE USED AS AN EMPLOYEE BENEFIT
- NO LICENCE REQUIRED
- NO FUEL, PARKING, VEHICLE RUNNING COSTS etc.
- CAN BE USED BY ANYBODY – OVER 14 YEARS OF AGE
An electric bike completely removes the discomfort of cycling, no longer are hills to be feared. Arriving at work fresh and comfortable.
What style of electric bike is there?
We have 5 models to choose from and prices vary according to the option chosen. They are the FreeGo Hawk, Eagle, Regency, Wren and Folding Bike .
What type of companies could benefit from electric bikes?
• Holiday Parks • Hotels • Councils • Boating Marinas • Bike Hire Companies • Offices • Factories • Warehouses
The electric bike will make a great change for users of your facilities. With Holiday Parks and Hotels in the country what could be better than your residents enjoying freedom and fresh air without having to use the car. Leisure Centres can provide them as alternative exercise which gets people out and about and include cycle routes in the local area.
Providing a low cost electric bike rental scheme for your staff can provide advantages for them and the company. They’ll save money and you have a fitter, healthier, happier workforce. Staff can make huge savings on their commuting costs. There would be no more public transport fares or increasing fuel and parking/congestion charges. Your company will also help to lower emissions in the local area and take the strain off the ever congested road systems. No more sitting in traffic jams to commute just a few miles.
What is a lease?
Put simply, a lease is a rental period, with a defined start and end date, usually for a minimum of 12 months; unlike a traditional rental which is a week by week agreement. The monthly rentals are subject to VAT and the bike remains the property of FreeGo Electric Bikes Ltd. until title is passed to the end user. It does not appear on the balance sheet and the rentals are 100% tax deductable (please talk with a professional for in depth advice on taxation connected with leasing).
What happens at the end of the agreement?
At the end of the term, which can be between 12 months and 36 months, the bike can be returned to FreeGo, or a further month is paid and title passes to the user.
OK I’m interested, what happens now?
All businesses will have individual requirements based on the number of staff and uses for the electric bikes. To discuss your own requirements, please contact us so we can tailor a flexible lease that fits into your budget. This will then give you the maximum opportunity to generate income from the bikes should you so wish. You must be VAT registered and the minimum order quantity is 2 bikes.