contadino
Veteran
- Location
- Chesterfield
I purchased a bike just about a year ago via the C2W scheme. I used the full £1k and paid the balance up front to cover the cost of the bike, and have just finished paying the C2W payments deducted from my salary. Last week, the email came through asking me how I wanted to finalise the arrangement. Options were £70, and keep the bike for 3 years, or £250 and own the bike outright, or give the bike back (that's not gonna happen).
My question is, do I still need to be employed by the same company for those 3 years? I'm currently at risk of being laid off due to the plague, and the £250 option pretty much negates any financial benefit of using C2W. There's stuff on the Cyclescheme regarding leaving a job/redundancy during the 'rental period' which I think relates to when payments are being made, but nothing about during the following 3 years.
Thanks
My question is, do I still need to be employed by the same company for those 3 years? I'm currently at risk of being laid off due to the plague, and the £250 option pretty much negates any financial benefit of using C2W. There's stuff on the Cyclescheme regarding leaving a job/redundancy during the 'rental period' which I think relates to when payments are being made, but nothing about during the following 3 years.
Thanks