Leasing a bicycle through your employer

With o2o Bicycle Leasing, you have the freedom to choose what type of bicycle you lease entirely by yourself. From electric bicycles and speed pedelecs to reclining bicycles or mountain bikes. As long as it's a bicycle (sorry, Fatbikes). On our bicycle type page, you can find out what bicycle types exist, what their advantages and disadvantages are and which brands offer them.

You can combine your lease bicycle perfectly with a company car. There are a great many employees who choose to do that. We can hear your next question coming: can you get a bicycle allowance if you have a company car? In most cases, you are entitled to a bicycle allowance for the days you come to work by bicycle. When are you not entitled to that? If your company or joint committee's CLA stipulates that you cannot combine a company car with a bicycle allowance.

‍Read more about the bicycle allowance >

You decide how often you cycle to work. But of course, we encourage you to cycle as much as possible. Many employers have a guideline: use your bicycle for at least 20% of your annual commuting trips. That amounts to an average of one in five working days.

Why is that important? Because you don't pay any Benefit in Kind as long as you use your bicycle regularly for your trips to and from work. What exactly constitutes “regular” is not legally defined, but 20% is a commonly used standard. Be sure to check your employer's bicycle policy for the exact target figure.

‍And after work? Just keep pedalling. Your lease bicycle is also there for your shopping, sports lessons, family visits or a ride in the sun. Feel free to use it as much as you like, because the more kilometres you cycle, the better.

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Certainly! Your bicycle is covered for use by your family members and your colleagues. Up to you whether you want to share your bicycle with them too. Of course, the idea is that you are riding it enough as well. This generally means that you cycle to work 20% of the time (on an annual basis), so as to justify the exemption from BiK (Benefit in Kind). Your company's bicycle policy will include the exact target figure.

Let us reassure you at once: the effect that bicycle leasing has on your pension, end-of-year bonus or holiday money is practically negligible. Our experts explain all about it in this blog: What are the effects of bicycle leasing on your pension and other social benefits?

If you terminate your employment contract, your participation as an employee in your employer's bicycle plan will cease automatically. Then, there are two options:

• You take over your bicycle for payment of compensation, which depends upon the lease term already elapsed. Because the longer your contract runs for, the more you have contributed.
• You hand your bicycle in and pay a termination fee for this (which is determined at the start of the contract).

Would you like to know what costs are involved in the early termination of a contract? You can! You can easily simulate the costs, such as the takeover price or termination cost, in myo2o Biker. Have you run a simulation of early termination and would you like to end your contract? Then contact your HR manager to get started with the termination of your contract.

There are a great many ways to finance your lease bicycle. The most well-known method is the gross salary sacrifice, but alongside that, there are a range of options based on the sector in which you are employed.

• End-of-year bonus (13th month)
• Exchanging holiday days
• Bonuses
• Holiday money
• Exchanging your bicycle allowance

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