You can redeem your benefit bike at any point, in the middle of the leasing period or at the end of the leasing period. When you redeem your benefit bike, the ownership of the bike is transferred to you.
If you are interested in redeeming your benefit bike, you should always fill out the Benefit Bike redemption -form 👈
💡How is the benefit bike's redemption price calculated in the middle of the leasing period?
Instructions: How is the redemption price calculated?
💡How is the benefit bike's redemption price calculated at the end of the leasing period?
If you choose to redeem your benefit bike at the end of the leasing period, the redemption price is determined according to the total price of the benefit bike package and by the parameters of the service package chosen by your employer.
You can check your end of the leasing period redemption price, by contacting our Vapaus Customer Experience support.
🔍What exactly is the residual value of a leasing contract?
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- The residual value is the value of your bike and accessories left to pay at the end of the contract period.
- With Vapaus Benefit Bikes, the residual value varies depending on the contract between 1-30% of the purchase price of the bike and accessories.
- Always remember to check your employer's benefit bike guide, which mentions the residual value of your benefit bike as a percentage at the end of the leasing period☝️
- If your contract includes any maintenance budget and you have used the budget more than you have paid, you will be charged the difference during the redemption process.