You don't have enough budget through your salary or cafeteria plan to order your ideal bicycle. What now? Time to give up on your dream bicycle and look for a cheaper alternative?
Not at all. With the personal contribution, you pay a one-time fee to o2o. That's if your employer allows a personal contribution, which you can find in the bicycle policy. This reduces the monthly rental price and still allows you to lease your favourite two-wheeler.
If you pay a personal contribution to o2o, the total amount of the lease price reduces by this amount. The monthly rental price is also lower as a result.
All other parameters for calculating the rental price remain the same. That way, the insured value stays the same as the original value of the chosen bicycle and accessories.
The personal contribution is not refundable in the event of theft or if the bicycle is written off due to damage. Will you take over the bicycle at the end of your lease? Then you pay 16% or 20% of the original list price of the bicycle and related items (more info can be found in the Bicycle Policy).
Would like more info on the personal contribution?
You can find this in the Help Centre of our myo2o Biker tool. For this, go to myo2o Biker, log in and you will immediately see the relevant question in the Help Centre (FAQ).