How to 'save on sale':
You can use Cyclescheme in addition to a promotion, deal or discount being offered at many partner bike retailers.
What does this mean in practice?
Well, let’s say your dream bike is RRP £1000. You find this in a 'save on sale' Cyclescheme retailer for the discounted price of £800; saving £200 vs. RRP. Obtain this bike through the Cycle to Work scheme and the final cost generated through tax savings will be just £600 for a lower rate taxpayer or even less for a higher ratepayer. That means you’ve saved at least 40% on the original RRP.
There are three approaches to getting sale bikes with Cyclescheme.
1) Retailers with 'no quibble' on sale bikes:
The above retailers have committed to honour their sale bikes and Black Friday deals on Cyclescheme.
Please note, when buying online you may not be able to reserve sale bikes - as such, you need to request a value without attributing it to a retailer.
Once your application is made, your employer will pay for your Cyclescheme request and we will issue you a Certificate. At that point, you can choose which sale bike you wish to spend your Certificate's value on.
2) Cyclescheme Offers:
Every month the experts at Cyclescheme bring you the best deals from our partner retailers together in one handy place.
These offers tend to be fast-moving (as offers and deals are often fundamentally based on limited amounts of stock) so it's important to move quickly to secure these deals.
3) Negotiate with local retailer:
Some local retailers will also allow you to benefit from sale or offers bikes through the scheme, but this needs to be negotiated with the store itself.
Local retailers often work under tight margins and can struggle to offer 'save on sale', but it's always worth asking. Where a sale price cannot be offered on the scheme, it tends to be best practice for the store to add 10% to the price of the sale item. This means you still get a reduction and the store still preserve their profitability.
We must note though, that the price of the item is set at the discretion of the retailer.
Need help finding your perfect bike? Check out our 'Any bike guarantee'.