Bike and e-bike leasing made easy with BMO
Found your dream bike in our range and prefer to lease it through your employer instead of buying it outright? Then you’re in the right place.
We’ll show you how bike leasing works, what benefits it offers, and which partners you can use to lease your bike from us.
What is bike leasing?
What is bike leasing?
With bike leasing, you choose your desired bike and pay for it through monthly lease payments via your employer as a company vehicle. Of course, you can also use your bike for leisure — it’s not just meant for commuting. Depending on the lease term, you’ll pay 36 to 48 monthly lease payments. If your leased bike is still your dream bike at the end of the lease, you can buy it from your employer for the residual value and it becomes your property. If you want to lease a different bike after your lease ends, the process starts all over again.
How does bike leasing work?
How does bike leasing work?
After the contract is signed with the leasing partner and your employer, your monthly lease payments are directly deducted from your gross salary. Bicycles and e-bikes benefit from the same tax advantages as company cars. The company bike is taxed via salary conversion at 0.25% of the gross purchase price. This way, you can save up to 40% of the acquisition costs.
Besides bike leasing through salary conversion, employers can also fully cover the company bike as a salary bonus. In this case, there is no deduction from the gross salary, and employees can use the company bike completely free of charge.
What is bike leasing?
With bike leasing, you choose your desired bike and pay for it through monthly lease payments via your employer as a company vehicle. Of course, you can also use your bike for leisure — it’s not just meant for commuting. Depending on the lease term, you’ll pay 36 to 48 monthly installments. If your leased bike is still your dream bike at the end of the lease, you can buy it from your employer for the residual value and it becomes your property. If you want to lease a different bike after your lease ends, the process starts all over again.
How does bike leasing work?
After the contract is signed with the leasing partner and your employer, your monthly lease payments are deducted directly from your gross salary. Bicycles and e-bikes enjoy the same tax benefits as company vehicles. The company bike is taxed via salary conversion at 0.25% of the gross purchase price, allowing you to save up to 40% of the acquisition costs.
In addition to leasing via salary conversion, employers can also fully cover the company bike as a salary bonus. In this case, there is no deduction from your gross salary, and employees can use the company bike completely free of charge.
What are the benefits of bike leasing?
What requirements do you need to meet?
What requirements do you need to meet?
To lease your dream bike through your employer, your employer must have a leasing framework agreement with one of our leasing partners. If your employer does not offer bike leasing, that’s not a problem. You can register with one of our leasing partners at any time. More detailed information can be found on our partners’ websites.
What requirements do you need to meet?
To lease your dream bike through your employer, your employer must have a leasing framework agreement with one of our leasing partners. If your employer does not offer bike leasing, that’s not a problem. You can register with one of our leasing partners at any time. More detailed information can be found on our partners’ websites.
