1. Vapaus FAQ
  2. Ending bike contract
  3. Ending contract in the end of leasing period

Bike redemption in the end of leasing period

Benefit bike can always be redeemed in the end of leasing period.

At the end of your leasing agreement, you can redeem your benefit bike for a set percentage of your total purchasing value, depending on the service package your employer has chosen. Remember to check your employer's Benefit Bike guide 😘

Month before your leasing period ends, you will always receive email reminder from Vapaus about benefit bike redemption and return. Email reminder includes redemption price of your benefit bike. You can also request redemption value directly from Vapaus customer service. 

💡Ordering a new Benefit bike is not possible until the old benefit bike leasing contract has ended.

Redemption values at the end of the leasing period vary between 1-32,5%, depending on the scope of the benefit bike service offered by your employer.

💡Employers who have started offering the benefit bike service from the fall of 2023 onwards (Starter, Pro & Enterprise) are more likely to have a redemption price of 1% of the original value of the bike package at the end of the leasing period.

💡Has the benefit bike service been started to be offered by your employer in 2022? The redemption percentage at the end of the leasing period is more likely to be 5% of the original purchase price of the bike package.

💡Did you acquire your benefit bike in 2021? The redemption percentage at the end of the leasing period is more likely to be 10-32.5% of the original purchase price of the bike package. You may receive additional discounts as described in your terms and conditions. Always check your employer's benefit bicycle guide and the terms of the benefit bike service from your Vapaus user account.

Exceptions

  • If you have purchased your bike via an online partner, we deduct the Vapaus order service fee of 48€ from the total package price before calculating the bike's value
  • If you have used more maintenance budget than you have contributed, the difference will be charged extra on top of the redemption value