Leased bicycles are becoming increasingly popular in business transport
Find out why leased bikes are becoming increasingly popular in business mobility and how you’ll soon be able to manage leased bikes using MobyHub.
It is not just four-wheeled vehicles, but two-wheeled ones too, that are becoming increasingly popular amongst lease car users. The lease bike is now playing an increasingly important role in organisations’ mobility policies. This is hardly surprising, as it encourages staff to be more active, reduces the number of kilometres travelled by car and enables them to make their commutes more sustainable. Could the lease bike also be an interesting addition to your organisation’s mobility policy?
Leased bicycles at a glance
A lease bike is a bicycle provided by the employer that may also be used for private purposes. Here are the key features at a glance:
- For private use, an additional tax liability of 7 per cent of the recommended retail price applies.
- An (electric) lease bike can be an alternative to a car for commuting.
- More bike journeys can help reduce the number of kilometres travelled by car and lower CO₂ emissions.
- Leased bikes will soon also be managed in MobyHub.
Why are lease bikes becoming increasingly popular?
There are several reasons for the growing popularity of the lease bike. A key driver is the introduction of the electric bike. The pedal assistance makes it more appealing to cycle even longer distances. At the same time, a good e-bike is expensive. For employees, bike leasing is an attractive way to still have access to a good (electric) bike at an affordable price.
Leased bikes for commuting
An e-bike can certainly be a good alternative to the car, particularly for commuting. Depending on the distance and the (urban) environment, cycling can even be quicker than taking the car.
How does the additional tax liability for a leased bike work?
A company-provided bicycle can also be advantageous from a tax perspective. For private use of a company-provided lease bike, an additional tax liability of 7 per cent of the bike’s recommended retail price applies. This allows employees to have access to a good bike or e-bike at a relatively low cost. Exactly how the financial benefit works out depends on the bike scheme offered by the employer.
Leased bikes can reduce CO₂ emissions
For employers, the lease cycle offers a practical way to make their mobility policy more attractive and sustainable. The cycle can play a particularly interesting role for organisations that record and report on their work-related personal mobility. After all, every car journey replaced by a cycle journey helps to further reduce CO₂ emissions from commuting.
More physical activity during the working week
In addition, cycling contributes to daily physical activity, resulting in healthier employees. In theory, this could even indirectly lead to happier employees and lower sickness absence.
Leased bikes coming soon as a management option in MobyHub
This growing demand for lease bikes also calls for effective management. That is why lease bikes will soon be added to MobyHub as an extra management option. This will allow organisations to manage their lease bikes within a single centralised platform for mobility and fleet management.
MobyHub already provides insight into costs, contracts, usage and vehicle data, amongst other things. Curious to find out how MobyHub can simplify your fleet management? Schedule a no-obligation consultation with the experts at PrismaFleet and discover our platform during a no-obligation demo .
