50% of your monthly payments go towards owning the bike. You can own it at any time by paying the remaining value (or keep for free at the end). Or you cancel anytime with 30 days notice (subject to a 3 month minimum term).
Here’s an example:
Bike £2000 + Lock £150: £2,150
Monthly subscription: £110
50% credited towards ownership: £55 per month
To pay off the Equipment in full:
£2,150 ÷ £55 = 39 months
i.e. because 50% of your monthly subscription is credited towards ownership, you would fully pay off a £2,000 bike in around 39 months (just over 3 years).
The other 50% pays for insurance, finance, servicing and the flexibility to cancel or swap at any-time.
Take a look at our Bikes HERE