Novuna Consumer Finance, one of the UK’s leading retail point of sale providers, has partnered with Tredz, one of the country’s leading cycling retailers, to expand the credit options available online and in-store. This collaboration will provide customers with a range of flexible finance options, making it easier to choose from a wide selection of fully built and ready to ride bikes.
Customers purchasing a new bicycle online or in-store at Tredz’s two shops in Wales will have the opportunity to borrow from £250 up to £25k, spreading the cost of their new bike over a maximum of four years.
Tredz will use Novuna's unique tailoring functionality which offers greater flexibility over terms, deposits, and loan amounts to work with customers to create payment plans to suit their lifestyle, expanding access to finance for a wider customer base and reducing the number of declined applications.
Brian Flesk, Head of Retail at Novuna Consumer Finance, said: "We are thrilled to work with Tredz, and we are confident that our unique point of sale finance offering will assist Tredz in creating the perfect financial solution for each customer, getting more people on bikes and growing the cycling market.”
Alison Dunn, Head of Customer Operations at Tredz, added: "Partnering with Novuna means our customers can easily spread the cost of their new bike in a way that’s flexible and responsible. We’ve been really impressed with how simple Novuna makes the purchasing journey for both our customers and our team.”
Novuna Consumer Finance, which formed an agreement with The Bicycle Association earlier this year to improve consumer finance options for the cycling industry, is already working with a growing number of bike retailers to provide access to competitive and affordable financing.