LAY-BY Terms & Conditions

LAY-BY  Terms & Conditions

Customers can take advantage of in store Lay-by, available on most purchases* Lay-bys are for 3 months only and require a minimum of 20% deposit.

Timing and Amount of instalment payments.  A minimum 20% payment must be made every 4 weeks (28 days) from your previous instalment, you may decide to pay more frequently if you wish. 

Cancellation Fee.  If at any time during the term of this Agreement you decide not to proceed with your purchase, Gateshead Cycles will charge a cancellation fee of 20% of the purchase price to cover the cost of storage, administrative & GST costs.  The cancellation fee will be deducted from the amounts you have paid up to the date of cancellation.  Any balance will be returned to you. If the amount of the cancellation fee exceeds the total amount you have paid, Gateshead Cycles has the right to recover the balance owing from you and a debt. 

Failure to Complete If you don’t pay the instalments within the agreed 3 months, this agreement may be terminated at the discretion of the Gateshead Cycles and a cancellation fee will apply.

* Lay-bys are only available for 2 weeks on clearance and discontinued lines.