Cycling Finance: Stay Ahead of the Game with Flexible Upgrades
At Renewed Group, we understand the passion and enthusiasm of cyclists, and we have developed a specialized finance product to cater to their unique needs. Our finance solution for enthusiastic cyclists allows them to stay relevant and keep up with the rapidly advancing sport of cycling. We know that technology and equipment advancements are constantly shaping the cycling industry, and our financing option ensures that cyclists can access the latest and most innovative gear whenever they need it. With our flexible finance terms, cyclists have the added benefit of upgrading their equipment at any time, ensuring that they always have access to cutting-edge technology. We believe in demonstrating how the cost of ownership can outweigh the initial purchase price, helping cyclists make informed decisions that maximize their investment. With our finance product, we empower cyclists to enjoy the thrill of the sport while staying at the forefront of cycling advancements. We finance all sorts of Bicycles including Road Bikes, Mountain Bikes, Gravel Bikes, E-bikes, TT Bikes and more. Whatever discipline of cycling you are enjoying, Renewed can assist.
What you need:
Personal Capacity:
- Last 3 months bank statements (Internet statements are accepted)
- Last 3 months’ salary advises
- Copy of your ID
- Completed Application Form
- Quote from bike shop
Business Capacity:
- Last 3 months Business bank statements (Internet statements are accepted)
- Company Documents
- Copy of all members ID
- Completed Application Form
- Quote from bike shop
How do we work?
We finance according to an operational rental model which has various advantages:
Best For You
Advantages of doing it the RENEWED way
- Total flexibility concerning upgrade by addition
- Rentals can be tailored to fit in with your needs
- Rentals are viewed as an operating cost – thus off-balance sheet
- The total premium could be fully deductible from your taxable income (for business clients).
- Results in the lowest after-tax cost to you (for business clients).
- Enables you to keep up to date with the newest bicycles
- Gives you flexibility
- Offers you the most convenience
- Enables you to replace equipment when maintenance costs become excessive
Who can be financed?
Any Business
- Ltd Company
- Private Company
- Closed Corporation
- Trust
- Sole Proprietor
Any Individual
- Older than 18 years
- Full time employed for longer than 24 months
What can be financed?
- Any new bicycle or frame from OEM approved dealer including:
– Road Bikes
– Mountain Bikes
– Gravel Bikes
– E-bikes
– TT Bikes, and more - Wheels sets
- Attachments (e.g. Indoor trainers)
- All accessories * (e.g. GPS and navigation)
*only serialized accessories, limited to 10% of bicycle value*
Stay Informed and Ride Ahead with Rental Financing
RENEWED is aimed at ensuring that clients are continually kept abreast of the latest financial developments in the cycling market, and to address the individual needs of these clients. It is with this understanding of the industry that rental financing is offered by RENEWED.
Tailor-made packages are crafted depending on the client’s requirements to cater for cash flow and budget constraints, rent-free periods, residual values, bullet payments, etc. An overview of the major aspects of the rental concept is included for your perusal.
Benefits of Rental
Need more info?
Drop us a message and we'll call you back.