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.

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.

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.

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.

Ebike Subscriptions - Our most flexible option

SUBSCRIPTION EBIKES Contact Us

Why Subscribe?

Maximum Flexibility with no fixed contracts

Swap to another ebike anytime

Lock and Insurance Included

Servicing & Maintainence Included

Roadside assistance included (on select models)

Attractive Buy-out Options

If you are ebike curious but not ready to make a long-term commitment, then the Sparque Ebike Subscription is for you. With a 4-week minimum, this is an excellent gateway to start your new ebike life. If you like it, you can request an option to purchase the bike you’re riding at any time. Should the ebike not suit you anymore, just let us know and you can return it with a 4-week notice period. Easy!

How Our Subscription Works

Choose an ebike

Choose from an extensive range of ebikes and ecargobikes.

Arrange a contract

Speak with our friendly staff to arrange your contract and get the bike ready. Select any accessories for your bike. 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 ebike.

Ongoing Benefits

Servicing, maintenance, parts, insurance are included in the subscription, as is roadside assistance on selected models.

Weekly Cost Comparisons

Ebike Subscribe From $45 / week Base rate on a standard commuter ebike subscription

Car running costs $434.77 / week National average (Australian Automobile Association 2023 report)

Public Transport $53 / week Myki weekly pass (Melbourne)

Frequently asked questions - The Sparque Ebike Subscription

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.
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.
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.
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.