Lease an ebike and save
Why Lease An Ebike?
Wide Range of Ebikes to Choose From
Pay Less Tax - Save Money and Time
Huge Health Benefits
Servicing and Maintenance Included
Insurance and High-Quality Lock Included
Leasing an ebike via salary packaging or salary sacrifice (using your pre-tax earnings) works just the same as a novated lease for a car. Only it’s cheaper and healthier! What’s more, all our leases are FBT exempt. It’s a great way to get a good quality ebike without having to find the money up front and you save tax at the same time. Try out our lease calculator, you’ll be amazed at the savings you can make.
How Our Lease Works
Choose an Ebike
Choose from our wide range of premium ebikes. We have high quality, low maintenance ebikes for commuters and families – from zippy compact folding ebikes right through to large cargo bikes.
Arrange Your Lease
Check availability at your workplace. Select the lease term and any accessories for your bike. You and your employer sign the papers… it’s that easy!
The
Handover
When you receive your new ebike, Sparque’s expert staff will show you how to use and take care of your bike. We have authorised providers across Australia.
Ongoing Benefits
Servicing, maintenance, parts and insurance are included in the lease, as is roadside assistance on selected models.
How Do You Save?
Leasing vs purchase comparison using the Riese & Müller Charger4 Vario on a 24 Month lease plan*
Leasing
Lease Payments
$5925
Buy out value
$3660
INCLUDES:
Services and parts
Included
Extended warranty
Included
Insurance
Included
High quality lock
Included
Rider Rescue
Included
Total:
$9385
purchase
New Bike RRP
$9209
ADDITIONAL COSTS:
Insurance**
$1172
Roadside assistance***
$100
High-security lock
$229
Service & maintenance****
$950
Total:
$11660
* Net lease payments inclusive of salary packaging benefits. Based on: 24 month lease, 40 year old male, postcode 3000, salary $80K/year, no other salary packaging items. Commute 6kms one-way, 5 days/week. Lease provided directly by Sparque. Figures correct as of May 2024. This table is for informational purposes only and should not be construed as advice or as applicable to your situation. For a more accurate calculation try our lease calculator. **Velosure premium ebike insurance quote. ***Bicycle Network Rider Rescue (non-member). ****Based on 3000km/year approx.
Weekly Cost Comparisons
Ebike Lease From $25 / week Base rate on a standard lease on a commuter ebike
Car running costs $434.77 / week National average (Australian Automobile Association 2023 report)
Public Transport $53 / week Myki weekly pass (Melbourne)
Information For Employers
- Staff who ride to work are healthy, happy and productive.
- Riders arrive to work energised, on-time and ready to go.
- Your workplace can benefit from increased productivity, reduced parking problems, lowering carbon emissions and enhancing a company’s green credentials.
- We understand your time is valuable, so we do all the work for you to implement and market the service to your staff.
- Become an employer of choice and embrace the future of commuting—support your team with ebikes!
Frequently asked questions - The Sparque Ebike Lease
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Why does the lease cost more than buying the ebike?
The lease package contains much more than just the ebike. To make a fair comparison between leasing and buying outright, one would also need to consider all the other inclusions of the lease package like the cost of insurance, servicing labour and parts, and the cost of any emergency repairs. The online calculator takes into account all these items and calculates the money you can save by leasing compared to buying the same package outright.
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Does the Fringe Benefits Tax (FBT) exemption apply to me?
The ATO ruling (CR 2020/68) states that the ebike novated lease is FBT exempt if you use the ebike to ride to and from work, or any other business-related travel. You may also use the ebike for private travel other than commuting, as long as that travel is incidental in the course of performing employment-related duties or is non-work related as long as it is minor, infrequent and irregular. If you are still unsure, please speak to your tax accountant.
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What happens at the end of the lease?
At the end of the lease, you can request an option to buy the ebike outright or to hand the ebike back to us.
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What happens if I leave my employer before the end of the lease?
If your employment is terminated, then we offer a few different options:
- Transfer the lease to your new employer if they are already signed up with us or are happy to do so.
- Transfer the lease to a colleague at your old workplace.
- Buy the ebike outright at a pre-agreed value.
- Hand the ebike back to us and pay a small penalty.
