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Buying a bike doesn’t have to break the bank. Here at Ron Spencer Cycles, we understand that bikes can be expensive which is why we have partnered with V12 Retail Finance to help you spread the cost and achieve your dream purchase.

Spreading the cost of your purchase over monthly payments is easy. With a minimum purchase of £500, you can manage the payments over 6, 10 or 12 months by signing up for one of our V12 Finance plans.

Enter the purchase amount along with a minimum of 10% deposit and use the calculator below to work out your monthly repayments.

Am I eligible for V12 Finance?

To apply for our V12 finance plans you must be 18 or older. You or your partner must be: in permanent paid employment; self-employed; retired and receiving a pension; a working student in part time work or in receipt of a disability benefit. You must have been a resident in the UK for at least 3 years and have a debit or credit card in your name, which is registered to your address in order to pay for the deposit. You also need a Bank or Building Society current account available to complete the monthly direct debit instruction.

Please Note: our finance options are not available for unemployed individuals.

How do I make my application?

That’s easy.

Visit us in store and once you’ve chosen your dream bike, we’ll take a seat, grab a coffee in a quiet corner and make the application together there and then. One of our friendly team will be on hand to guide you through the whole process.

What do I need to bring along?

  • One form of identification
  • Your employer’s name and address.
  • Your credit or debit card to make the payment for the deposit
  • Your bank account details to set up the monthly direct debit instalments

Can I re-apply if my finance application is unsuccessful?

Yes. Just because one of your applications may have previously been declined, finance companies acknowledge that circumstances change, and therefore allow further applications. However, it is advised that you wait at least 3 months before contacting us to try again.

Please note, our Finance Options are not available on sale, cycle scheme or discounted models unless otherwise stated.

How much does it cost?

Indicative purposes only. Rates depend on circumstances, loan amount and term. Subject to eligibility. Rates and deposits may vary depending upon retailer. Minimum loan amount £500, maximum loan amount £15000.

How it works

We make the whole process as easy and simple as possible for you by doing all the leg work.

Choose your bike

Chat with our experienced sales team

Fill out the paper work

We’ll make the application together in store

Pick your bike up

Start your monthly payments


How quickly will my application be processed?

Once we submit your application you will receive an instant decision. On rare occasions, if V12 require further information we will need to make a short phone call and they may wish to speak with you over the phone.

Once my application is approved, what happens next?

Once approved in store, you will be emailed a electronic copy of your credit agreement. If your bike is not in stock with us, we will order it for you and give you a call when it is ready to collect.

When is my first finance payment taken?

Your first finance payment will be taken 1 month after you collect your bike.

How much can I borrow?

The maximum threshold for V12 Finance is £15,000 per order.

Can I pay my finance off early?

Yes you can. You will need to call V12 on 02920 468900 or email