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How do I redeem my bike at the end of the lease?

You can redeem your bike at the end of the leasing period. The end of lease redeeming is activated when your contract is ending in less than 30 days. 

At the end of your leasing term, you have two choices:

  • redeem the bike and own it or

  • return it to Vapaus

How much is the redemption fee?

The redemption fee depends on your employer's benefit bike guideline and the length of your lease. You can check the redemption fee from your Vapaus account.

When can I start the redemption process?

You can start the end-of-lease redemption process earliest  a month before your contract ends.

When you'll pay: You can pay the invoice right away through your Vapaus account or choose to pay later. 

How to start the redemption?

vapaus_redeem_flow_en

  1. Log in to your Vapaus user account at user.vapaus.io.
  2. Click the My bikes -tab.
  3. Click Redeem bike.
  4. Choose whether you want to pay now or later! Remember to pay the invoice at least 7 days before the leasing contract ends.
  5. Once the redemption is paid and the contract end date is reached, you will receive the deed of sale via email.

What about maintenance budget?

  • If you've used more maintenance budget than you've accumulated during your lease, the difference will be added to your final redemption invoice.
  • Any unused maintenance budget will be lost – you can't transfer it to a new leasing contract or get it refunded.

After the contract has ended

You can order a new bike after your current contract has ended (provided that you still have the bike benefit granted by your employer).