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    Bike Finance

V12 Retail Finance

Ride It Away

Cycling is a great way to improve fitness, reduce carbon emissions and help to ease congestion in our towns and cities and whilst everybody is having their finances stretched further than ever before getting on your bike will help to keep your hard earned money in your pocket for a little bit longer.

The only thing that might be putting you off is the initial cash outlay a brand new bike and the accessories could cost. Well that’s where the Ride it away scheme can help. Ride it away is an initiative created to help you get in the saddle by spreading the purchase cost of a new bike and accessories with specially designed retail finance packages.

Whether you are looking to buy your first bike or add another to your growing collection Ride It Away cycle finance makes buying a bike instantly affordable.

Moonglu are part of a national network of specialist cycle retailers stocking a wide range of bicycle brands and accessories with the facility for you to purchase using retail finance. Ride it away shops are all exclusively members of the Association of Cycle Traders who represent the interests of over 3000 cycle retailers and their supply partners throughout the UK.

There is a range of finance options available from 0% APR to 15.9% APR over varying periods commencing with 6 months. Interest rates, terms and the products available will vary from store by store.

The Ride it away cycle finance application process only takes several minutes online processing in store and you could be riding away the bicycle and accessories you have always wanted.

Moonglu can provide finance on the following bike brands:

Additionally we can provide finance on our custom bikes Lynskey titanium, Ridley, Genesis and Giant Bikes. 

The finance packages can also include parts and accessories including GPS systems, helmets and clothing. 

Frequently Asked Questions

Who is Eligible?

There are certain criteria you have to meet to apply for finance:

  • At least 18 years of age.
  • A permanent UK resident.
  • In regular employment (minimum of 16 hours per week) including self-employment, or in permanent residence with your spouse/partner who is in regular employment.
  • In receipt of a pension if you are retired.
  • Able to confirm sufficient income if you are registered disabled.

Please be aware that even if you meet all these criteria you may still be declined.

What can I buy on finance?

Finance may be available on any products including bikes, accessories and clothing. Please check with the individual retailer.

How much can I borrow?

The amount you can borrow depends on your individual circumstances. Finance is typically available on products with a minimum purchase amount of £350 and maximum purchase amount of £15000. Individual retailers may specify varying minimum and maximum purchase amounts.

Use the Finance Calculator to work out how much you can afford to borrow.

How much will it cost?

There is a range of finance options available from 0% APR to 15.9% APR over varying periods commencing with 6 months. Interest rates, terms and the products available will vary from store by store.

How are payments made?

All monthly payments are paid by direct debit from your personal bank account. Typically the first payment will be due one month after the delivery of your goods, subsequent monthly payments will be due every month for the length of your agreement.

Who provides the finance?

Finance is provided by V12 Retail Finance Limited, who are owned by Secure Trust Bank PLC, registered in England and Wales 541132. Registered office is One Arleston Way, Solihull, B90 4LH.

How do I apply for finance?

This can either be completed in Moonglu and we'll run through the application process. Alternatively if you have seen a product on our website, you don't live nearby and you'd like to purchase the product with finance, email the shop at info@moonglu.com detailing the product you would like, the deposit you'd like to put down and the term. We will then email a link to the online application. This can be completed at your leisure. 

If you are looking to purchase a Giant Bike and have it delivered to Moonglu for assembly and checkover, they offer some great finance packages through their website.

Simply chooose you bike and frame size, complete the finance and select Moonglu as your preferred dealer. We will receive the bike, assemble and check it over then notify you once it's ready for collection. 

What if my application is declined?

If your credit application is declined you will have to process the order with a different payment method.

Can I pay off my loan early?

You can settle your loan agreement at any time. Simply contact V12 Retail Finance and they will calculate and send you your settlement figure. Your settlement figure and date are calculated in line with the Consumer Credit Act.