Finance Information at Biketreks

Finance Information at Biketreks

Here at Biketreks we know that investing in any element of cycling can be a costly one, so we have teamed up with V12 and Hitachi Finance companies to offer you 0% Finance on any purchase over £500.  This is extended to everything we stock, not only bikes, so if you are looking to upgrade a drive train and forks, or just buy some nice clothing then you can now use 0% finance.

Our finance is split into 2 options with our 2 companies. 

Option A – I don’t want to speak to anyone about anything and just apply online:

If you would like to apply for finance online from the comfort of your own home through our website then we can offer you up to 18 months finance at 0% APR.  This is subject to a minimum of a 10% deposit and a maximum of 49%.  A decision is made instantly online and your deposit is taken by V12.  The finance can be put against any item as long as it’s not in the sale and the total basket spend comes to above £500.  Once we have your application confirmed then we will ship your goods to the registered billing address only – this is the law regarding finance, it’s not our rules.

Option B – I’m happy to speak on the phone or in store and want longer terms:

If you would like longer terms such as 24 or 36 months at 0% finance, or to buy a sale bike on finance then you can use Hitachi finance.  By using Hitachi finance the application must be done in store or over the phone as their software cannot be integrated to our website.  Again the deposit is to be between 10% and 49% of basket spend. 

If you are buying a sale bike from us then you can use finance from Hitachi but ONLY up to 12 months at 0% APR with a minimum of 10% maximum of 49% deposit.

Again as with the V12 offering we can only ship goods to the store for you to collect or to your registered billing address.  By using Hitachi finance WE take your deposit over the phone by card, via BACS or in store.

Finance is offered subject to the following terms and conditions:

  • You must be aged 18 years or over.
  • Employed for at least 16 hours a week in employment
  • Not have any adverse credit history such as CCJ’s, IVA’s or bankruptcies
  • You must be a permanent UK resident with a 3 year UK Address History
  • Goods can ONLY be delivered to the registered home address
  • Sale Goods can ONLY be purchased over 12 months at 0% APR by contacting us and applying in store or over the phone.
  • The deposit MUST be made online with a credit or debit card if using V12 finance.  If using Hitachi finance Biketreks Ltd will take your deposit via card over the phone or bacs transfer, or in store.
  • And please note that meeting the above criteria does NOT guarantee acceptance.

To buy any of our items on finance ONLINE via method A, all you need to do is…

  • Find your shiny things and add them to the basket
  • Your current spend can be tracked on the top right hand of the page in the basket
  • Once your total basket spend is above £500 and you have all that you want click the “checkout” button
  • The Order Summary page will outline what you have placed in the basket and the Orange Finance button will appear on the top right
  • Clicking the Orange button will show you how much you are expected to pay over up to 18 months and the deposit you will need.
  • Once you are happy that you can afford the deposit and monthly payments, click the red “Checkout Now” Button
  • Complete your shipping details (please note that even if you insert a different shipping address, we will NOT send it there, goods MUST go to the billing address)
  • When you reach stage 3 “Review Order” check that you are happy with everything and then select “Finance” from the drop down box by the “Payment Method” at the bottom of the page
  • You should then not need to insert your billing address as both the shipping and the billing will be the same, but in case it asks please insert your billing address
  • Once this is all complete click the “Buy on Finance” Button and hey presto!  You will be taken to the V12 finance screen and just follow the prompts.

What happens after I’ve Completed my Finance?

  • We receive notification from the Finance people to inform us that you have bought x,y and z on Finance
  • We check that you have passed all the Finance checks and the 3rd party checks that are used to take your deposit
  • Once you have the full green light we will either a) ship everything in your order or b) contact you as to when you can expect your order.  Please note that we will do this via email and / or phone so please ensure that the ones you provide are correct.
  • Once you have received your goods, all responsibility regarding payment lies with yourself (the customer) and the finance company, not Biketreks Ltd.  We are the people to contact if you have any issues with your purchases, if you have any issues with payments please contact V12 finance company.
  • And that’s it!  Easy as that!

If you’re after longer terms or to buy a sale bike on finance using option B then you will need to call us on 015394 31245 and we will discuss the options with you.