Finance Options
Flexible Finance Options for Your Dream Bike
At CycleWorx, we believe everyone deserves to ride the bike they love. That's why we've partnered with Finance Now to offer flexible payment solutions that fit your budget - whether you're after a new road bike, e-bike, or premium cycling gear.
Finance Now
Spread the cost of your purchase with a loan from Finance Now
Key Benefits:
- Borrow from $1,000 to $20,000 – perfect for bikes, e-bikes, and accessories
- Flexible loan terms from 6 months to 60 months
- Quick online application with quick turnarounds*
- No early repayment fees – pay off your loan faster without penalty
- Fixed interest rates – know exactly what you'll pay each month
- 100% online process – apply from home or in-store
How It Works:
- Choose your bike – browse our range online or visit us in-store
- Apply online – complete a simple application at Finance Now
- Get approved – subject to credit approval*
- Ride away – collect your bike and start your cycling journey
*Finance Now normal lending criteria and loan terms apply. Loan applications are subject to responsible lending enquiries. Retail Finance Interest Rates are 15.5% p.a. and fees (includes a $2.95 monthly service fee and a $65 establishment fee apply. ). Full disclosure of all the terms of your loan (including weekly payments, the total amount repayable over the term of the loan, interest rate and any applicable fees) will be provided to you in the Finance Now disclosure statement for your consideration prior to confirmation of your purchase.
Purple Visa Card
Enjoy interest-free periods and ongoing rewards with the Purple Visa Card.
Key Benefits:
- Long-term interest-free options* – choose 3, 6, or 12-month interest free plans when applying
- Accepted nationwide – use your Purple Visa Card anywhere Visa is accepted*
- Manage online – track spending and payments via the eMoney app
- No annual fee for the first year
- Flexible credit limits from $1,500 to $15,000
CLICK HERE to learn more
Apply for a Purple Visa Card →
*Long Term interest free finance with minimum purchase applies using Purple Visa Card. Purple Visa Card Terms and Conditions, credit criteria and Rates and Fees (including a $55 establishment fee and a $55 annual fee) apply. Prevailing Purchase interest rate of 26.65% p.a. will apply to any outstanding balance at the expiry of the interest free period and a Cash Advance rate of 29.40% p.a. also applies (Rates and Fees current as of 1 April 2024 and subject to change). Purple Dollars cannot be earned or redeemed on long-term interest free purchases. Visit purplevisa.co.nz , for more information.Bike to Work Scheme
Save up to 39% on your new bike through your employer's Bike to Work programme.
If your employer offers a Bike to Work scheme, you can salary-sacrifice the cost of your bike and accessories, reducing your taxable income and saving significantly on your purchase.
Benefits:
- Tax savings – pay for your bike from pre-tax salary
- Healthier commute – improve fitness and reduce carbon footprint
- Employer support – many NZ employers now offer this benefit
- Full range eligible – choose from our entire bike and accessory collection
Why Finance with CycleWorx?
- Expert guidance – our team will help you choose the right finance option
- Trusted partners – Finance Now is a leading NZ finance provider
- Transparent terms – no hidden fees or surprises
- Fast approval – get riding sooner with quick decisions
- Flexible solutions – options for every budget and situation
Need Help Choosing the Right Finance Option?
Our team is here to help you find the perfect finance solution for your new bike.
Get in Touch
📞 Phone: 07 218 0691
✉️ Email: info@cycleworx.co.nz
🕒 Hours: Mon-Fri 9am-5pm, Sat 9am-4pm, Sun 9am-3pm
Frequently Asked Questions
How quickly can I get approved for finance with Finance Now?
Most applications receive a quick decision online. In some cases, additional verification may be required, which typically takes 1-2 business days. Once approved, you can collect your bike immediately or arrange delivery.
What do I need to apply for Finance Now?
You'll need to be a New Zealand resident, over 18 years old, and have a regular income. You'll also need valid ID (driver's licence or passport), proof of income, and your bank account details. The online application takes around 10 minutes to complete.
Can I pay off my Finance Now loan early without penalty?
Yes! Finance Now loans have no early repayment fees. If you want to pay off your loan faster, you can make extra payments or pay the full balance at any time without incurring additional charges.
What's the difference between Finance Now Finance and the Purple Visa Card?
Finance is ideal for a single larger purchase (like a new bike) with fixed monthly payments over a set term. The Purple Visa Card is ideal for everyday purchases, earning rewards everywhere you shop, but you also have the option of Long Term interest free finance.
A loan for one-off purchases, or Purple Visa Card for ongoing flexibility.
Can I combine finance options with the Bike to Work scheme?
The Bike to Work scheme is a salary-sacrifice arrangement through your employer and operates separately from Finance Now products. However, if your employer doesn't offer Bike to Work, Finance Now loans or Purple Visa Card are excellent alternatives. Our team can help you determine which option saves you the most money based on your situation.