You are here: Home - Money Tips -

Brompton launches bike subscription scheme

0
Written by: Emma Lunn
12/08/2020
Brompton Subscription will enable commuters and other cyclists to hire fold-up bikes on a monthly or annual basis.

Brompton Bike Hire, part of the Brompton brand, will begin rolling out what it calls its ‘Netflix-style service’ later this summer.

Cyclists committing to Brompton Subscription for a year will pay £30 a month for a foldable bike, while those on the ‘flexi’ 30 days plan will pay £42 a month.

The scheme will operate across the UK, sitting alongside London-only schemes such as Buzzbike.

Brompton Subscription offers:

  • A refurbished Brompton fold-up bike
  • No deposit
  • Potential upgrades
  • Insurance to cover theft and damage (12-month option only)
  • Maintenance
  • A loan bike if your bike needs repairing
  • Discounts on Brompton merchandise
  • Subscription holidays for pregnancy, health issues or as a result of a change in employment status

The launch comes as government data shows cycling levels rose by up to 300% during lockdown. It plans to invest £2bn in cycling and walking infrastructure over the next five years.

Brompton says the service has already proved popular with businesses who want to help their staff get back to work safely post-lockdown.

According to Brompton its prices undercut Cycle to Work schemes which cost an average of £56 a month for a premium bike.

Julian Scrivens, Brompton Bike Hire MD, said: “There is a significant shift towards cycling now more than ever, but not everyone wants to or can afford to buy a bike outright.

“Our pay-as-you-ride schemes are already enormously popular, but we wanted to give the public another option which allows them to keep a bike for longer periods.

“This new subscription service will revolutionise the way people own a bike, giving them a premium product without the upfront price tag. It’s an option to make everyone’s life easier, whether you’re a commuter, student, family or just want to cycle on the weekends but don’t want to commit or have the space to own a bike forever.”

Brompton Bike Hire already lets users hire bikes on a daily basis from its 50 plus pay-as-you-ride hubs nationwide.

Bike subscriptions will be available on a limited basis for an initial launch period, with new memberships released each month. Priority access for the service is open now at BromptonSubscription.com.

Related Posts

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Two in five millennials cut pension payments in lockdown

Two in five people aged 18-34 stopped or reduced their pension contributions as a result of the coronavirus pandemic.

Close