FAQ

Who are you

Can an agreement be terminated prematurely?

Premature termination of a leasing agreement is allowed under certain circumstances during the contractually agreed period of 36 or 48 months. Please contact us and we will be happy to assist you! 

How does salary conversion work? Where do the savings lie?

In the case of salary conversion, instead of the employee receiving a portion of the contractually agreed salary in cash, they get it as a payment in kind for the period of time the company bicycle is provided. 

This means that a change is made via a supplementary agreement to the employment contract in which the employee’s future salary is reduced by a fixed amount (usually in the amount of the conversion rate) for the duration of the transfer of use.

This results in the tax and contribution advantage for the employee.

Can leasing agreements be “transferred” to other employees if necessary?

A change of user is generally possible during the term of the agreement. The reasons for this are usually the discontinuation of the employee’s continued payment of remuneration, e.g. leaving the company.

Please do not hesitate to contact us if you need any further assistance in a specific case. 

What happens if the continued payment of remuneration is interrupted?

In the event that continued remuneration is discontinued, e.g. leaving work due to prolonged illness, parental leave or other possible reasons, we are happy to work with you to find the best solution for you, up to and including an individual, cost-neutral return for you as the employer, provided that one of the following options is not possible or does not apply. 


This can be, for example:

●      Change of user: Offering the company bike to another employee for the remaining term of the agreement and taking all measures required internally for this purpose. (e.g. supplementary agreements to the employment contract, handover of the company bicycle, etc.)

●      Early termination of the existing leasing contract by mutual agreement for an important economic reason with possible takeover of the used company bike by the employee.

●      In the event of a change of employer, a transfer of the existing leasing agreement to a new employer is possible. After a credit check has been carried out, the agreement with all rights and obligations will be continued by the new employer and the company bike will continue to be provided to you for the remaining term.

Would you like more details about this? Please contact us and we will be happy to assist you! 

Topic

How does salary conversion work? How do you benefit?

In the case of salary conversion, you won't receive a part of the contractually agreed salary in cash, but as a payment in kind for the period of time during which the company bicycle is provided. 

This means that a change is made by means of a so-called supplementary agreement to the employment contract, in which your future salary is reduced by a fixed amount (usually in the amount of the conversion rate) for the duration of the transfer of use.

This then results in a noticeable tax and contribution benefit for you.

Are there any costs for the employer to become a Lease a Bike customer?

Offering its employees company bicycle leasing via Lease a Bike is cost-neutral for the employer.

Can an agreement be terminated prematurely?

Premature termination of a leasing agreement is allowed under certain circumstances during the contractually agreed period of 36 or 48 months. Please contact us and we will be happy to assist you! 

What happens if the continued payment of remuneration is interrupted?

In the event that continued remuneration is discontinued, e.g. leaving work due to prolonged illness, parental leave or other possible reasons, we are happy to work with you to find the best solution for you, up to and including an individual, cost-neutral return for you as the employer, provided that one of the following options is not possible or does not apply. 

This can be, for example:

●      Change of user: Offering the company bicycle to another employee for the remaining term of the agreement and taking all measures required internally for this purpose. (e.g. supplementary agreements to the employment contract, handover of the company bicycle, etc.)

●      Early termination of the existing leasing contract. The colleague who leaves the company pays off the remaining else installments (without service and insurance costs)

●      Cost-neutral dissolution. Lease a Bike offers a company in some cases an early, cost-neutral termination of existing individual leasing contracts. The conditions for this are defined in the cooperation agreement

Would you like more details about this? Please contact us and we will be happy to assist you! 

What is the expected purchase price at the end of the contract?

Lease a Bike offers the company bicycle to the employee on request at a currently expected purchase price of 5% (48 months) or 15% (36 months) at the end of the contract. We pay a lump-sum tax on the monetary benefit resulting from the difference between 5% or 15% of the expected purchase price and the currently set market price of 40%. Proof of the flat-rate taxation treatment by us is provided on the sales invoice of the used company bicycle. Thus, the employer is not required to make a lump-sum or individual taxation of the monetary benefit arising from the sale to the employee via the wages and salaries accounting itself.

How does salary conversion work? How do you benefit?

In the case of salary conversion, you won't receive a part of the contractually agreed salary in cash, but as a payment in kind for the period of time during which the company bicycle is provided. 

This means that a change is made by means of a so-called supplementary agreement to the employment contract, in which your future salary is reduced by a fixed amount (usually in the amount of the conversion rate) for the duration of the transfer of use.

This then results in a noticeable tax and contribution benefit for you.

What happens if the employer’s continued payment of remuneration is interrupted?

In the event that the employer discontinues continued payment of remuneration, e.g. if the employee leaves the company for a longer period due to illness, parental leave or other possible reasons, we will be happy to work together to find the best solution for all parties.

These may include, for example:

●      Change of user. The employer offers the company bicycle to another colleague for the remaining term of the agreement. The employer takes all required internal measures for this. (e.g. supplementary agreements to the employment contract, handover of the company bicycle, etc.)

●     Early termination of the leasing contract. The colleague who leaves the company pays off the remaining lease installments (without service and insurance costs)

●  Cost-neutral dissolution. Lease a Bike offers a company in some cases an early, cost-neutral termination of existing individual leasing contracts. The conditions for this are defined in the cooperation agreement

Topic

How does salary conversion work? How do you benefit?

In the case of salary conversion, you won't receive a part of the contractually agreed salary in cash, but as a payment in kind for the period of time during which the company bicycle is provided. 

This means that a change is made by means of a so-called supplementary agreement to the employment contract, in which your future salary is reduced by a fixed amount (usually in the amount of the conversion rate) for the duration of the transfer of use.

This then results in a noticeable tax and contribution benefit for you.

Can an agreement be terminated prematurely?

Premature termination of a leasing agreement is allowed under certain circumstances during the contractually agreed period of 36 or 48 months. Please contact us and we will be happy to assist you! 

What happens if the continued payment of remuneration is interrupted?

In the event that continued remuneration is discontinued, e.g. leaving work due to prolonged illness, parental leave or other possible reasons, we are happy to work with you to find the best solution for you, up to and including an individual, cost-neutral return for you as the employer, provided that one of the following options is not possible or does not apply. 

This can be, for example:

●      Change of user: Offering the company bicycle to another employee for the remaining term of the agreement and taking all measures required internally for this purpose. (e.g. supplementary agreements to the employment contract, handover of the company bicycle, etc.)

●      Early termination of the existing leasing contract. The colleague who leaves the company pays off the remaining else installments (without service and insurance costs)

●      Cost-neutral dissolution. Lease a Bike offers a company in some cases an early, cost-neutral termination of existing individual leasing contracts. The conditions for this are defined in the cooperation agreement

Would you like more details about this? Please contact us and we will be happy to assist you! 

What is the expected purchase price at the end of the contract?

Lease a Bike offers the company bicycle to the employee on request at a currently expected purchase price of 5% (48 months) or 15% (36 months) at the end of the contract. We pay a lump-sum tax on the monetary benefit resulting from the difference between 5% or 15% of the expected purchase price and the currently set market price of 40%. Proof of the flat-rate taxation treatment by us is provided on the sales invoice of the used company bicycle. Thus, the employer is not required to make a lump-sum or individual taxation of the monetary benefit arising from the sale to the employee via the wages and salaries accounting itself.

Topic

Are there any costs for the employer to become a Lease a Bike customer?

Offering its employees company bicycle leasing via Lease a Bike is cost-neutral for the employer.

Can an agreement be terminated prematurely?

Premature termination of a leasing agreement is allowed under certain circumstances during the contractually agreed period of 36 or 48 months. Please contact us and we will be happy to assist you! 

What happens if the continued payment of remuneration is interrupted?

In the event that continued remuneration is discontinued, e.g. leaving work due to prolonged illness, parental leave or other possible reasons, we are happy to work with you to find the best solution for you, up to and including an individual, cost-neutral return for you as the employer, provided that one of the following options is not possible or does not apply. 

This can be, for example:

●      Change of user: Offering the company bicycle to another employee for the remaining term of the agreement and taking all measures required internally for this purpose. (e.g. supplementary agreements to the employment contract, handover of the company bicycle, etc.)

●      Early termination of the existing leasing contract. The colleague who leaves the company pays off the remaining else installments (without service and insurance costs)

●      Cost-neutral dissolution. Lease a Bike offers a company in some cases an early, cost-neutral termination of existing individual leasing contracts. The conditions for this are defined in the cooperation agreement

Would you like more details about this? Please contact us and we will be happy to assist you! 

What is the expected purchase price at the end of the contract?

Lease a Bike offers the company bicycle to the employee on request at a currently expected purchase price of 5% (48 months) or 15% (36 months) at the end of the contract. We pay a lump-sum tax on the monetary benefit resulting from the difference between 5% or 15% of the expected purchase price and the currently set market price of 40%. Proof of the flat-rate taxation treatment by us is provided on the sales invoice of the used company bicycle. Thus, the employer is not required to make a lump-sum or individual taxation of the monetary benefit arising from the sale to the employee via the wages and salaries accounting itself.

Is a leasing agreement terminated in the event of theft?

As part of the all-round protection, every Lease a Bike company bicycle is covered against theft 24/7, provided that the company bicycle was locked. It is always replaced at replacement value and an object exchange is made in the existing agreement. As a rule, termination of the existing agreement is not necessary. Of course, this does not affect the lessee's special right of termination in accordance with the terms and conditions of the leasing agreement with a claim for compensation from the lessor at the settlement value of the agreement on the date of the claim. In the event of theft, a police report number is, of course, important when reporting the theft to us.

In which cases is there an underwriting loss?

The term “damage” includes all sudden and unforeseeable damage or destruction of the company bicycle, e.g. by:

●      Operating errors

●      Minor negligence

●      Accidental damage

●      Vandalism

●      Defects in design, material or workmanship

●      Overvoltage, induction or implosion

●      Storm, frost, ice drift, earthquake or flooding

●      Fire, lightning, explosion or implosion

●      Damage to engine or battery

●      Lack of oil and lubricant

●      Failure of measurement or control technology

Punctured tyres are not considered damage within the scope of the insurance policy. Tyre damage on a Lease a Bike company bicycle is always settled via the annual wear budget included in the all-round protection package.

Which parts are considered wear parts?

Every Lease a Bike company bicycle receives an obligatory all-round protection package with an individually selected annual wear budget. All necessary repairs to restore operational safety as well as repairs due to wear and tear are charged to this account. The following wear parts, among others, are taken into account.

●      Tyres

●      Inner tube

●      Brake pads

●      Brake discs

●      Chain

●      Cogset / sprocket

●      Pinion

●      Chainring

●      Bottom bracket

●      Light sources

●      Brake and shift cables

Can accessories be added later during the preparation of the leasing application?

Since the leasing application and the supplementary agreement to the employment contract have already been systematically created during the application process with confirmation of the bicycle and accessories and selection of the appropriate all-round protection package, it is no longer possible to add accessories at a later date.

Our service staff can delete the leasing application/supplementary agreement to the employment contract that has been created and you can then create it again with the desired accessories. Please contact us and we will be happy to assist you!  Contact

Are services also included in the insurance package?

Included in all service packages is an initial inspection in accordance with the manufacturer's recommendations or specifications in the first leasing year of up to EUR 35 net and an inspection from the 13th and 25th leasing month of up to EUR 70 net. The costs of the inspections are deducted from the respective annual service budget and are only covered by BMS if sufficient service budget is still available in the respective year.

Topic

Can an agreement be terminated prematurely?

Premature termination of a leasing agreement is allowed under certain circumstances during the contractually agreed period of 36 or 48 months. Please contact us and we will be happy to assist you! 

What happens if the continued payment of remuneration is interrupted?

In the event that continued remuneration is discontinued, e.g. leaving work due to prolonged illness, parental leave or other possible reasons, we are happy to work with you to find the best solution for you, up to and including an individual, cost-neutral return for you as the employer, provided that one of the following options is not possible or does not apply. 

This can be, for example:

●      Change of user: Offering the company bicycle to another employee for the remaining term of the agreement and taking all measures required internally for this purpose. (e.g. supplementary agreements to the employment contract, handover of the company bicycle, etc.)

●      Early termination of the existing leasing contract. The colleague who leaves the company pays off the remaining else installments (without service and insurance costs)

●      Cost-neutral dissolution. Lease a Bike offers a company in some cases an early, cost-neutral termination of existing individual leasing contracts. The conditions for this are defined in the cooperation agreement

Would you like more details about this? Please contact us and we will be happy to assist you! 

What is the expected purchase price at the end of the contract?

Lease a Bike offers the company bicycle to the employee on request at a currently expected purchase price of 5% (48 months) or 15% (36 months) at the end of the contract. We pay a lump-sum tax on the monetary benefit resulting from the difference between 5% or 15% of the expected purchase price and the currently set market price of 40%. Proof of the flat-rate taxation treatment by us is provided on the sales invoice of the used company bicycle. Thus, the employer is not required to make a lump-sum or individual taxation of the monetary benefit arising from the sale to the employee via the wages and salaries accounting itself.

My question is not here.