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Understanding Evans Ride to Work Hire Agreement: Benefits, Requirements, and FAQs
If you want to cycle to work but can`t afford to buy a bike outright, Evans Cycles offers a hire agreement that may help you pedal away without breaking the bank. The Evans Ride to Work Hire Agreement is a flexible and cost-effective way to access quality bikes and accessories, with the added convenience of tax savings and insurance options. Whether you`re a seasoned cyclist or a beginner, this agreement can suit your needs and preferences. In this article, we`ll guide you through the key aspects of the Evans Ride to Work Hire Agreement, so you can make an informed decision and enjoy your ride to work.
Benefits of the Evans Ride to Work Hire Agreement
The Evans Ride to Work Hire Agreement has several benefits for both employees and employers, such as:
– Cost savings: By hiring a bike through the agreement, you can save up to 42% of the retail price, depending on your tax bracket and the value of the bike. You can spread the cost over 12 months or 18 months, depending on the scheme selected by your employer.
– Tax exemptions: The agreement qualifies for the UK Government`s Cycle to Work scheme, which allows you to buy a bike and accessories tax-free, up to £1,000. This means you don`t have to pay income tax or national insurance contributions on the monthly payments, and you can own the bike at the end of the agreement for a nominal fee.
– Convenience: The agreement includes free delivery and assembly of the bike, as well as access to discounts and promotions on Evans Cycles` products and services.
– Sustainability: By cycling to work, you can reduce your carbon footprint, improve your health and well-being, and avoid traffic congestion and parking fees.
– Flexibility: The agreement allows you to choose from a wide range of bikes and accessories, including electric bikes, folding bikes, road bikes, mountain bikes, and hybrid bikes, as well as helmets, locks, lights, and clothing. You can also upgrade or exchange your bike during the agreement, subject to certain conditions.
Requirements for the Evans Ride to Work Hire Agreement
To join the Evans Ride to Work Hire Agreement, you need to meet the following requirements:
– Your employer must be enrolled in the scheme and agree to deduct the monthly payments from your salary before taxes.
– You must be employed and pay income tax and national insurance contributions in the UK.
– You must use the bike at least 50% of the time for qualifying journeys, which include commuting to and from work, or as part of your work duties.
– You must have a valid email address, phone number, and UK bank account.
FAQs about the Evans Ride to Work Hire Agreement
Here are some frequently asked questions and answers about the Evans Ride to Work Hire Agreement:
– How do I apply for the agreement? You can either invite your employer to enroll in the scheme by filling a form on the Evans Cycles website, or you can check if your employer is already registered by searching for their name or payroll number.
– How much can I save with the agreement? The amount of savings depends on your income tax bracket and the value of the bike and accessories. You can use the online calculator on the Evans Cycles website to estimate your savings.
– Can I own the bike at the end of the agreement? Yes, you can own the bike by paying a final fee, which is usually 3-7% of the original value of the bike, depending on the age and condition of the bike.
– What happens if I leave my job before the end of the agreement? You may need to pay the remaining balance of the agreement, or transfer it to a new employer who also offers the scheme.
– What if I change my mind about the bike or the accessories? You may be able to exchange or upgrade your bike or accessories during the agreement, subject to certain conditions and fees.
Conclusion
Cycling to work can be an enjoyable, healthy, and sustainable way to commute, and the Evans Ride to Work Hire Agreement can make it more affordable and accessible. By taking advantage of tax savings, insurance options, and quality bikes and accessories, you can experience the benefits of cycling without the hassle and expense of buying a bike outright. If you`re interested in joining the Evans Ride to Work Hire Agreement, talk to your employer and explore the options on the Evans Cycles website. Happy cycling!