How to save money on a new bike with Cyclescheme
Since you’re saving money and spreading the cost, even expensive bikes are affordable through Cyclescheme. But what’s the limit?
23.03.2026
A new bike can change your commute. It can cut your travel costs, lift your mood, and give your mornings a bit more life. But let’s be honest. Bikes are not cheap, and the better the bike, the more the price can make you pause.
That is exactly why the cycle to work scheme matters.
If you have been wondering whether the cycle to work scheme is actually worth using, the answer is simple. It can help you save money on a new bike, spread the cost in a way that feels manageable, and get the gear you need without paying everything upfront. And when you use Cyclescheme, you get the widest choice, a smooth process, and the backing of the UK’s original and leading cycle to work scheme provider.
Cyclescheme has helped more than 1.2 million customers and is trusted by more than 50,000 employers across the UK. So, if you want a smarter way to buy a bike for commuting, here’s everything you need to know.
What is the cycle to work scheme and how does it help you save money?
The cycle to work scheme is a government-backed employee benefit that lets you get a bike and eligible cycling equipment through your employer, then repay the cost from your salary over time. Because the repayments are taken before Income Tax and National Insurance, you pay less overall than you would if you bought the same bike outright in the normal way.
With Cyclescheme, that means saving up to 47% on a bike and accessories, with no upfront payment, plus interest free repayments. So, you don’t have to wait until you can afford the full price. You can get in the saddle sooner and keep more money in your pocket.
How does the cycle to work scheme work with Cyclescheme?
First, your employer signs up. Then you choose your bike, e-bike, accessories, or a package that includes all three. After that, you apply through Cyclescheme, your employer approves the request, and you repay the cost through salary sacrifice. It’s simple, practical, and far less painful than dropping a big lump sum all at once.
Cyclescheme works with more than 2,600 retailers across the UK, including independent bike shops, online stores. Find out more here.
How much can you save with the bike to work scheme?
The cycle to work scheme helps you save because your repayments come from gross salary, before tax and National Insurance are deducted. Cyclescheme’s calculator says a three-mile daily commute could also save around £100 a year on fuel on top of your scheme savings.
Plus, with 45% of Britons saying their average monthly travel spend has increased compared with 2024, Cyclescheme is your ticket to a lower-cost commute for the long term.
What bikes can you get through a cycle scheme?
You can use Cyclescheme for commuter bikes, road bikes, hybrid bikes, folding bikes, mountain bikes, electric bikes, and eligible cycling equipment.
If your ride includes hills, an electric bike could make the commute feel far more doable. If you need a flexible train-and-bike journey, a folding bike could be a better fit. If you want something fast and efficient for longer rides, you may be looking at a road bike. If you want one bike that can handle roads, paths, and everyday errands, a hybrid bike often makes sense. The good news is, the choice is yours.
Is there a limit on what you can spend?
Historically, many cycle to work scheme applications were capped at £1,000. Today, the scheme doesn’t have a fixed legal spending cap. Employers can set their own limits, and many now offer higher-value packages. So, if you are eyeing up an e-bike, better accessories, or a more premium commuter setup, do not assume it is out of reach. Check your employer’s limit first.
Can you get more than one bike or use the cycle 2 work scheme again?
You may be able to get more than one bike within a single package if the total stays within your certificate value and the bikes come from the same retailer. That could help if you need one bike at each end of a mixed commute.
That makes the bike scheme useful beyond your first purchase. Start with a commuter bike now. Upgrade later. Add accessories next time. Build the setup that works for your life.
What else can help you save money on a new bike?
Using the cycle to work scheme is the big win, but there are smart ways to stretch your budget further.
Think about the full package, not just the bike. A solid lock, lights, mudguards, and a helmet can save you money and hassle later. If you are choosing between bike types, focus on your real commute. Buying the ‘dream bike’ is fun, but buying the bike you will ride five days a week is smarter.
It is also worth checking the numbers before you apply. Cyclescheme’s calculator helps you estimate your savings based on your employer and package value.
A smarter way to buy a bike for work
Cyclescheme has been doing this for 20 years, with a mission to make cycling to work accessible and affordable, while continuing to lead innovation in the space. That history matters as experience makes things easier.
With Cyclescheme, there’s also an unrivalled retailer choice, a clear process, support content that answers real questions, and a brand people already trust. Customer reviews regularly mention a smooth process, strong savings, and how quickly people were able to get riding.
Use the calculator. Check if your employer is signed up. Start browsing.
Cyclescheme makes saving money feel straightforward. Your next commute could cost less and feel a lot better.
Saving money with the cycle to work scheme FAQs
Can I use the cycle to work scheme for accessories only?
Yes, Cyclescheme lets you apply for eligible cycling gear without buying a bike at the same time, as long as your employer allows it. That can be useful if you already own a bike but need commuting kit such as lights, Cycle helmets, or security equipment like Locks and chains.
Can part-time employees use a bike to work scheme?
Usually yes, as long as they are PAYE employees, aged 16 or over, and their salary stays above National Minimum Wage after the salary sacrifice scheme deductions are taken. Because the payments are made before tax, both employees and employers can also make savings through reduced National Insurance contributions. The exact amount you can apply for may be affected by your earnings.
Does the cycle to work scheme include second-hand bikes?
That depends on the provider and retailer setup. Many cycle to work package options are built around new bikes and eligible new equipment supplied through approved retailers. If you want a second-hand option, check the retailer terms and the provider’s current rules before applying.
Can I choose the retailer after I apply for Cyclescheme?
Yes, Cyclescheme says you can apply for a certificate value first and decide where to spend it later, which gives you more flexibility if you are still comparing bikes, brands, or shops.
What happens if the bike I want is out of stock?
You may be able to switch model, wait for restock, or choose another retailer within the network, depending on your certificate status and timing. One of the advantages of Cyclescheme is its large retailer network, which gives you more routes to find the right bike and cycling gear.
Does the cycle to work scheme cover disability bikes?
Some adapted cycles and disability bike options may be available through participating retailers if they meet the scheme rules and your employer’s limit. Availability can vary, so it is worth speaking to a specialist retailer in the Cyclescheme network before applying.
Can I cancel my Cyclescheme application after approval?
Employees have a 14-day cancellation window from receipt of their Cyclescheme certificate, according to Cyclescheme’s help content. After that, the agreement becomes much harder to reverse because the hire arrangement is in place.
Do I need to commute every day to qualify?
No. GOV.UK guidance says the bike must mainly be used for qualifying journeys, which usually means commuting to work or between workplaces, but there is no requirement to ride every day or log every trip.
Can I use a cycle to work scheme if I already own a bike?
Yes. Owning a bike already does not stop you using the scheme again later for a different commuting setup, a better bike, or eligible cycling equipment, as long as you meet the scheme conditions and do not already have another active salary sacrifice agreement.
Is Cyclescheme good for e-bikes?
Yes. Cyclescheme actively promotes e-bikes as a practical commuting option and is helping to build a stronger cycling culture across the UK. That makes it a strong choice if you want an easier ride, a longer-distance commute, or more confidence getting back into cycle commuting.
