What THE heck IS A benefit bike?
You will find everything in this employee guide; how the Vapaus bike benefit works, what kind of bike you can get, how much you can save, and so on.
Vapaus offers an almost unlimited selection of brands and models to choose from, as part of a completely risk-free service package.
Depending on your tax bracket & the Vapaus plan your employer selected, you'll be able to save up to over 30% compared to your bike's retail price. Read about the experiences of people who use Vapaus Benefit Bikes here.
Does your employer already offer you a Vapaus benefit? Create your Vapaus account and start riding.
Vapaus is 6 years old, which means we can already ride without training wheels!
We continuously develop our service together with the over 120,000 employees who are already entitled to our service, their employers and our partner shops.
Additionally, Vapaus is made out of a team of bike-, customer- & process-experts, making it a safe haven for all bike enthusiasts out there.
Sustainability is part of Vapaus' DNA since the beginning.
We completely offset the emissions released during the manufacture, delivery and use of Vapaus Benefit Bikes, but that's not all: thanks to our bike care expertise, we are also reconditioning all returning bikes to make sure they have a long second (or third, or fourth) life.
All you need to do is enjoy your good-as-new benefit bike!
With over 200 brands to choose from in person or online, we have bikes for every wallet. Bikes are delivered straight to your doorstep or any other location of your choice.
We have optimised our products to always offer the most lucrative discounts depending on your situation.
Choose an appropriate tax-free maintenance budget from our options or maintain the bike yourself.
With our cancellation coverage, you can return your bike to us after 6 months for any reason.
Our comprehensive benefit bike service makes it easy for employees to lease the bike of their dreams as a personal benefit through their salary, without having to pay any tax on the first €100 a month.
If you decide to keep your bike after the lease ends, it can add up to a 30% discount compared to the original retail price.
You can also use the calculator to get a rough estimate of how your benefit bike will affect your pay.
The taxable value of the bike benefit is determined the Finnish tax legislation. Currently it is limited to 100€ per month or 1,200€ a year.
With Vapaus you have the possibility of going over the legal 100€ limit simply by choosing a higher monthly payment value if your employer allows it.
In that case, the extra value can be either invoiced from your employer, deducted from your salary or charged directly from your own payment card.
The chosen monthly payment always includes the repayment of the bike's lease & interest as well as all services included in the contracts.
The leasing contract's residual value is the amount that is left to pay after the lease has ended. Each contract has their own residual percentage (usually between 1 & 30%) to which you agree when ordering your bike.
Usually the lower the residual value, the higher the share of the bike's retail price included in the taxable value.
You are always free to decide whether you'd instead prefer to return the bike to us at the end of your lease at no cost.
The Vapaus service is available for a flexible duration of 6 to 60 months, depending on your employer's service plan & the retail price of the bike you have chosen.
The monthly payment usually translates into a 100€ salary deduction but can vary depending on your employer's contract.
You can get a bike that costs over the maximum contract value allowed by your employer by paying the excess directly to Vapaus as a down payment.
Our cancellation coverage option is your extra peace of mind.
By choosing the optional cancellation coverage, you can cancel your lease at any point after the first 6 months of your contract. Your bike will then simply be returned to Vapaus.
So yes: you can try out that electric bike you have been looking at without having to make a long-term commitment or risk ending up with a bike you don’t like. We won’t ask why.
Getting a maintenance budget from Vapaus lets you add your maintenance & repair costs to your leasing contract, making them tax-free!
Do you cycle a lot? Perhaps even more than 1,000 km a year? If so, this is the maintenance budget for you – including €240 per year for maintenance and/or spare parts.
The ideal budget for an active cyclist who cycles more than 500 km a year. Includes €192 per year for maintenance and/or spare parts.
The ideal budget for someone who cycles less than 500 km a year. Includes €144 per year for maintenance and/or spare parts.
Do you want to maintain the bike yourself and don’t intend to include maintenance in the taxable value? If so, this is the package for you. It lets you maximise the amount of taxable value you can spend on the bike itself.
Vapaus has its own store of new and used bikes where you can find the most wallet-friendly benefit bike selection.
You can also get your bike from any of our partner shops' selection (view shops here), which includes over 200 brands.
If you didn't find your dream bike from the above, you can also place your order with our our Vapaus customer team and get your bike from our list of online partners here.
The Vapaus bike insurance is provided by a Finnish company and covers accidents, theft and vandalism. Our fixed insurance excess is €240 per claim.
We only require that your bike was locked when the incident occurred in cases of theft or vandalism and that you report the offence to the police. After that, our customer team will handle the claim and find you the right replacement bike for the same price.
You will find everything in this employee guide; how the Vapaus bike benefit works, what kind of bike you can get, how much you can save, and so on.
Our customer service is here to help if you have a question or need help picking the right bike for you. Online orders are made in the Vapaus app.
Live Chat Mon-Fri 10:00 - 16:00
Email: bikes@vapaus.io
Our website's tireless Pupu-Botti serves evenings and weekends.
