Authorised FSP no 52167

Bicycle Finance

We have 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.

How do we work?

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

  • Due to the operational rental approach, VAT can be claimed on the premium in terms of such costing. (for business clients that are VAT registered).
  • As is the case with golf green fees, your riding expenses (instalment/premium/insurance), when in the company of your clients, could be fully deductible from your taxable income (for business clients).
  • Since the rental agreement is off the balance sheet, it does not affect the gearing of the company
  • We finance bicycles over a period of either 12, 24 & 36 months

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

What Can Be Financed With Renewed Group?

  • Any new bicycle or frame from OEM approved dealer
  • Wheels sets
  • Attachments (e.g. Indoor trainers)
  • All accessories (e.g. GPS and navigation)

*only serialized accessories, limited to 10% of bicycle value*

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

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: 

Control of the Transaction

By using our product, your salesman has total control over the sale. Many of you will know the frustration of waiting for your client to arrange financing, and never being sure whether he was arranging matters or just keeping you on a string.

Quoting monthly rentals rather than capital

Inflation has pushed the price of goods to very high levels and often the capital price scares off the client. Quoting the monthly figure enables the client to concentrate on the actual monthly cost instead of a huge capital outlay.

Rental vs Cash

Renewed Gear offers your client an inexpensive way to have use of equipment he needs without draining his available cash. The client will also not have to use up his available credit lines with other institutions.

Ease of use

The documents are user friendly. You also save your client the time and convenience of looking for finance.


The monthly rental can be structured (within reason) to suit your client’s budget.

Enhanced Profitability

There will be no need to allow cash discounts thereby improving your profit margins.

Protection of client base

When a client buys for cash he is free to buy from your competitor without your knowledge. However, if a client is using our rental product, we immediately alert you should the client ask for a settlement figure.

Cash flow improved

If all the documents are in order and the client is approved, we pay out the full amount due on delivery. You do not need to carry debtors. Therefore, your cash flow is improved and bad debts reduced.

Tax deductible

The rental is an operating rental and can be fully deductible in your client’s hands.

Relationship support

The rental agreement is structured in such a way that the client perceives the rental products as being specially structured for his use by the supplier. This reinforces your ongoing relationship with the client.


The unique structure of the rental agreement permits you to upgrade the older equipment with more up to date equipment, without materially altering the client’s monthly rental.
(This depends on when you upgrade the client and we would be happy to discuss this with you in more detail)



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