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The Process
- Confirm if your employer is a workride partner and apply via Workride.
- Choose your bike at Cycleways and let us know your Workride quote number.
- We’ll order your bike.
- Pick up your bike, confirming with your delivery ID code and driver’s licence.
- You’re good to ride!
Testimonial
How It Works
Example
Workride operates on a "salary sacrifice" model, where employees opt to reduce their pre-tax salary to lease a bike. In addition to the tax savings, a small proportion of other contributions like student loans or KiwiSaver may also be redirected towards the ride, depending on its value. At the end of the lease term, employees have the option to take ownership of the ride.
For example, an employee with a $80,000 salary chooses a bike valued at $6380, but it’s on sale in-store at $5200. Through Workride, they sacrifice $100 pre-tax and their weekly take-home pay impact is only reduced by $49, totalling an annual net contribution of only $2572 towards the ride. Thus, making their new salary $74,800. This arrangement benefits both the employee and employer, offering tax savings and financial flexibility.
FAQ
Can I choose any bike in store?
Yes, you can choose any bike in store.
How do I know if my company is a Workride partner?
Check in with your employer and they’ll let you know.
How long does the process take?
Depends on your bike of choice, if we have your bike in stock the whole process takes just a few days. If we have to order it in, it can take a bit longer.
Can I get a bike on sale?
Yes, please note a 5% administration fee applies to all sale bikes.