Calculate the costs and benefits

of leasing a bike

Img Ultimatespeedsaturnbluemat
Ultimate Speed
Speed pedelec €4,199
Img Ua42cargo
Urban Arrow Family
Cargo bike €5290
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Gazelle C8+HMB
E-bike €3,299
Monthly cost
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You save vs buying
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Calculate what you save

Calculator

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Choose a bike type
Retail price
Gross monthly salary
I bike
km per month
My employer pays:
Service & insurance package
Till €100
Till €150
Unlimited
How do you pay lease costs?
1
monthly
Incl. Service & insurance package
Old net salary
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New net salary
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Monthly costs
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Through your monthly salary
Total savings
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13th month
Incl. Service & insurance package
Old 13th month
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New 13th month
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Monthly costs
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Through the thirteenth month
Total savings
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Show calculation overview
1
Monthly
2
13th month

Without a lease bike
With a lease bike
Gross income
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Contribution employer
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Reinvestment RSZ/NSSO employer
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Lease price
(Incl. Service & Insurance costs)
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Premium
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RSZ
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New gross salary
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Property tax
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Special contribution
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Mileage allowance
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Net salary
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Due to the tax benefit, the monthly net costs for your lease bike are only:
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Incl. Service & insurance package -
Total savings compare to private purchase?
Without a lease bike
With a lease bike
Bike
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Incl. Service & Insurance costs
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Estimated purchase price after 36 months
Buy the bike?
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Yes
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Total costs including service insurance
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Total savings
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-% compared to buying
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This calculator is based on the latest published tax information from the Ministry of Finance. The current income tax year is used as a basis, Lease a Bike does not guarantee future changes in the tax system. This calculation is therefore indicative and may in some cases deviate from the final amount to be paid.

The cost of bike leasing: how to calculate?

Vrouw Fiets

There are many elements that determine the monthly cost you will pay for your lease bike. The purchase price of your bike is an important factor. The higher the purchase price, the higher the monthly cost will be. In addition, you also choose a maintenance and insurance package based on the type of bike. Your employer can choose to contribute part or all of the cost of the bicycle. Even without a contribution, your lease bike will still be up to 40% cheaper than when you buy it. Use our easy-to-use calculator to work out your costs and savings.

I still have a question
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Notify your employer
How does leasing a bicycle work?

After your employer introduced Lease a Bike, you are free to choose your perfect match using the 'cafeteria plan'. In this format you can choose to exchange certain payment elements for their dream (lease) bike. For example: as part of a bonus, gross salary, 13th month.

Which bicycles can I choose from?

At Lease a Bike you can choose any bike from € 499 and up, with a free choice for all brands and types. From city to electric bike and mountain to racing bike: everything is possible, as long as it has two wheels. Even a speed pedelec is one of the options.

Is there a benefit in kind for leasing a bicycle?

There is no benefit in kind when you use the lease bike regularly for commuting from home to work.

Could you tell me more about taxes and social security connected to a lease bike?

If the bicycle is used "regularly" for commuting, the bicycle is exempt from taxes.

How does the gross/net benefit work?

This depends on the model the company you work for will choose. Whatever plan fits, you will always enjoy financial benefits even when the company fully facilitates and does not contribute to the lease price. You will pay the lease costs (including maintenance and insurance package) with your gross salary. Depending on your tax bracket, you will enjoy a tax advantage of at least 40% compared to a purchase. In our calculator you can calculate the costs and savings of a lease bicycle.

Can I still receive a cycling allowance?

With a lease bike in your near future you are already well on your way, but a bicycle allowance makes it complete! A company can pay a tax-free bicycle allowance up to 24 cents per cycled kilometre the employee travels commuting. There is no obligation to provide a bicycle allowance as this is separate from bicycle leasing.

Am I the owner of the bicycle during the lease period?

No, the lease company is the owner of the bicycle during the entire lease period. After the end of the term (36 months) you will get an offer to take over the bike at a reasonable price. The moment you accept this offer, it will be yours completely.

How can I pay for the lease bike?

In agreement with your employer you can temporarily exchange a part of for example your salary for the leasing costs.

A few examples of benefits that you can trade for the leasing costs are:

  • 13th month
  • Gross salary
  • Downgrade of the company car
  • Bonus


Where can I get the lease bicycle?

At Lease a Bike you are able to choose from over 450 bicycle dealers throughout Belgium. This could be a local store around the corner, or a specialty store somewhere in the country. You are also free to contact all these bicycle dealers for maintenance. Would you like to know which bicycle dealers are near? Simply search via our dealer locator.

Is it possible to pay extra for a lease bike?

No, you have assigned a maximum amount from the employer. This is the budget from where you have to choose. If you want a more expensive bicycle, you can ask your employer to increase the budget.

What options are available for insurance and maintenance?

All contracts concluded by Lease a Bike are standard with all-risk insurance (without franchise) and 24/7 roadside assistance. You could also add a service package of choice. For example:

  1. Basic - Covers up to € 100 in repairs and maintenance per year
  2. Standard - Covers up to € 150 in repairs and maintenance per year
  3. Premium - Covers all repairs and maintenance without limit
  4. Speed ​​Pedelec - Covers up to € 300 in repairs and maintenance per year
Is it possible to add some accessories to the bike?

Yes, that's possible and it is also included in the lease price. Anything that can be attached to a bicycle, will be leased with the bicycle. A helmet and lock can of course be leased. Clothing and bicycle computers are not allowed.

What happens when the lease contract of 36 months ends?

We make you an offer to take over the bicycle for around 15% of its original. The exact amount cannot be determined in advance and depends on the final condition of the bicycle. If you are not interested in taking over the bicycle, we will take the bicycle back free of charge.

What are the costs for an employee to lease a bike?

There are no extra costs to use the service of Lease a Bike. An employer is free to choose between to facilitate or financially compensate the lease bike. What way your employer chooses, compared to a private purchase of a new bicycle you can always save up to 40% cheaper with a lease bicycle. This is because you can exchange your gross salary for the lease bike and therefore have a tax advantage. You can already calculate your costs and savings via our calculator.

What resources do I need for the platform?

Not much: a computer with an internet connection and Google Chrome or Firefox browser.

My bike is stolen, what do I do?

First report your stolen bike at the police. It is important that you have the two original keys of the bike and that the number of the bike frame is mentioned on the police report. You can find the number of the frame on our platform. Afterwards you can go to a Lease a Bike dealer and together you file the digital theft report. You will receive a replacement bike for a maximum of 7 days. The dealer will make sure you will a receive a bew bike. Luckily for you we will let your current contract running. There is no own risk for theft.

There is damage to my bicycle, what should I do?

If you have any damage to your bicycle, go to your Lease a Bike dealer as soon as possible and fill in the damage form together. If the bicycle dealer cannot repair the damage immediately, you are entitled to a replacement bicycle for a maximum of 7 days (note: only if you lease an e-bike or speed pedelec). There is no own risk on damage claims.

What to do when I need roadside assistence?

No problem! We work with the VAB and breakdown assistance is included in your contract. You can contact the VAB on +32 3 253 62 55, provide your Lease a Bike contract number and they will help you as soon as possible.

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