WorkRide is a fantastic scheme enabling you to get onto an epic ebike or e-scooter at an almost-unbelievable discount, AND with free financing!
How does WorkRide work? Put simply, your employer needs to be on-board. Then the bike or scooter is bought without paying GST by your employer (the first saving for you) and a deduction to pay it off is made from your wages BEFORE they are taxed (your second saving).
It’s super-simple and ingenious. You save the GST on the purchase. You pay for it with money that hasn’t been taxed (saving you whatever your tax rate is). And you pay it off over time, so the affordability is manageable. Its a first-of-its-kind scheme that genuinely benefits the employee. It almost feels too good to be true!
Just think what you would save by leaving the car at home, and you are probably putting money INTO your pocket from not paying for petrol, parking and car servicing, while paying off a bike or scooter you will soon own outright.
Sometimes there really is such a thing as a free lunch!