{"id":41204,"date":"2022-09-14T10:15:21","date_gmt":"2022-09-14T08:15:21","guid":{"rendered":"https:\/\/www.bikeradar.com\/?p=696299"},"modified":"2022-09-14T10:43:14","modified_gmt":"2022-09-14T08:43:14","slug":"canyon-adds-klarna-to-payment-options-and-6-other-ways-you-can-buy-your-next-canyon","status":"publish","type":"rss_feed","link":"https:\/\/c01.purpledshub.com\/cyclingplus\/rss_feed\/canyon-adds-klarna-to-payment-options-and-6-other-ways-you-can-buy-your-next-canyon\/","title":{"rendered":"Canyon adds Klarna to payment options \u2013 and 6 other ways you can buy your next Canyon"},"content":{"rendered":"

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By BikeRadar\n \t\t<\/p>

Published: Wednesday, 14 September 2022 at 12:00 am<\/p>

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Buying a new bike can be an expensive proposition. However, Canyon is aiming to make it easier to buy its bikes by adding Klarna to its range of payment methods.<\/p>\n

Klarna, which offers finance through a series of monthly instalments, is one of seven ways you can pay for your next bike, with other options including Cyclescheme, Splitit, Paypal, pre-payment and credit card.<\/p>\n

By offering a range of payment methods, Canyon wants to make it simpler to buy a bike, whether you\u2019re taking the plunge with your first serious road bike, upgrading to a pro-level mountain bike, adding a gravel bike to the fleet, or anything in between.<\/p>\n

Here are all the ways you can buy one of Canyon\u2019s road, gravel, mountain, hybrid or electric bikes.<\/p>\n

Klarna<\/h2>\n
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You can buy the 2023 Canyon Ultimate CF SLX 8 eTap from \u00a3200.09 a month via Klarna.<\/span><\/figcaption> Canyon<\/i><\/span><\/div>\n

Klarna is a finance service, founded in Sweden in 2005, that allows payment through monthly instalments, over periods of 6, 12, 24 or 36 months.<\/p>\n

If you pay for your bike over six months, you don\u2019t pay any interest, but for longer periods, interest is charged at 9.9 per cent. There\u2019s a maximum purchase price of \u00a310,000.<\/p>\n

You can buy the new Canyon Ultimate<\/a> road bike, for example, from \u00a3121.64 a month over 36 months, or a Canyon Spectral 29 CFR mountain bike for \u00a3206.50 a month, also over 36 months.<\/p>\n

If you\u2019re looking at a hybrid such as Canyon\u2019s Commuter 5, you\u2019d pay \u00a336.79 a month over 36 months, or you could pay \u00a3191.50 a month over six months, interest-free.<\/p>\n

To see what\u2019s available and check the monthly cost using Klarna, find the bike you\u2019re interested in and click \u2018Financing With Klarna Instalments\u2019 in the right-hand menu to compare terms in the pop-up box.<\/p>\n

At checkout, Klarna will perform a credit check.<\/p>\n

Once approved, the first instalment will be taken when your bike is shipped, with further payments at monthly intervals for the term of the loan. Klarna will notify you when each payment is due and when it is collected.<\/p>\n

You can also pay the whole amount at any time. Canyon has a full Klarna FAQ<\/a> on its website. BikeRadar also has a guide to buying a bike on finance<\/a>.<\/p>\n

Cyclescheme<\/h2>\n

Cyclescheme is a Cycle to Work scheme<\/a> salary sacrifice initiative in the UK.<\/p>\n

The benefit here is that you pay for your Canyon from your gross pre-tax salary, so you don\u2019t pay any tax, National Insurance or interest fees.<\/p>\n

At the end of the agreed term, you do need to decide whether to give the bike back or pay the ownership fee, though.<\/p>\n

BikeRadar has more on buying a Canyon using Cyclescheme<\/a>.<\/p>\n

Splitit<\/h2>\n
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Splitit is linked to a Visa or Mastercard credit card and allows payment in instalments between two and six months.<\/span><\/figcaption> Canyon<\/i><\/span><\/div>Splitit is another instalment payment option, in this case linked to your Visa or Mastercard credit card. You can pay via Splitit in instalment periods between two and six months.\n

Splitit offers zero per cent interest and no credit checks, and there\u2019s no minimum order value. Just select the payment method \u201cInterest Free Instalments\u201d at checkout.<\/p>\n

The full amount due is held against your card, which needs to have a high enough credit limit for the entire transaction. The first monthly payment is debited when your Canyon ships and the amount held against your card will decrease each month until the full amount has been paid.<\/p>\n

PayPal<\/h2>\n

Canyon accepts payment via PayPal and there\u2019s no upper limit to the value of the transaction. The amount will be reserved against your PayPal account when you order, but only debited on dispatch by Canyon.<\/p>\n

You do, however, need to ensure you have a high enough PayPal account limit and that the credit limit on the payment method linked to your PayPal account is sufficient for the planned transaction.<\/p>\n

PayPal Pay in 3<\/h2>\n
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PayPal Pay in 3 allows you to spread payment over three months.<\/span><\/figcaption> Canyon<\/i><\/span><\/div>If your transaction value is between \u00a330 and \u00a32,000, you can spread the PayPal payment to Canyon over three months using PayPal Pay in 3.\n

It\u2019s available to individual UK residents only and there\u2019s no extra cost.<\/p>\n

Credit card<\/h2>\n

You can pay in full for a Canyon bike with a Visa or Mastercard credit card, either online or by phone.<\/p>\n

If you call up to pay, Canyon will email you a secure link to input your card details.<\/p>\n

Prepayment<\/h2>\n

Finally, you can pre-pay for your new Canyon. Once you\u2019ve placed your order, Canyon will reserve your bike and send you an invoice with its German bank details.<\/p>\n

Then, once payment has been received, Canyon will arrange dispatch of your bike. There may be foreign transaction fees to pay to your bank.<\/p><\/body><\/html>\n

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