You can get 0% finance on any stock bike (and accessories) from £700 to £5000. It can be offered up to a period of 24 months.
There is naturally some criteria to be eligible:
- Over 18 years old
- UK resident for 3 x years
- Have a UK bank account
- Have a credit or debit card
- Have a stable income
- Aware that a credit check will be carried out on application
The example figures on the Brompton website quote a Brompton B75 costing £745, a deposit of £25 which over 24 months would mean a monthly payment of £30. The finance is handled by a company called Duologi.
It's a pretty good option and a great idea. The only fly in the ointment is the fact that finance is only available on stock bikes. This means that if you want 0% finance on your new bespoke bike you won't be able to...yet. If this proves popular it may well be offered on any bike apart from stock ones.
I do have to say thought, as much as I think this is a great option, if the company you work for offers one of the cycle to work schemes I would suggest this is a much better option. With this you can save anything between 25-39% off the overall price.
Still, 0% finance is certainly going to appeal to many and worth further investigation if it works for you.