Cycle to Work - Maximum

[BenScoobert]

It seems LHE take the 21% as a maximum, ie. hardly ridden pristine condition and serviced professionally in the last month. Unfortunately my bike cannot be put into that category and they have revalued it at £54.70 in its current state.

 

[wiggydiggy]

It seems LHE take the 21% as a maximum, ie. hardly ridden pristine condition and serviced professionally in the last month. Unfortunately my bike cannot be put into that category and they have revalued it at £54.70 in its current state.

Where does that put you? As a purchase is it still worth it?

 

[BenScoobert]

Where does that put you? As a purchase is it still worth it?

It is near the amount I expected to pay had the original agreement been honoured, so yes it was still worth the purchase for the discount but I'd rather not have the shock added on for free.

 

[lejogger]

No worries cheers

Where does that leave BenScoobus then?

If it was me I'd pay the £250, keep the bike and not take up another C2W scheme through this company? Reason being its still a saving(ish) on the £1000 cost and it seems silly to give the bike back after paying all that £££ for it already?

Yes... but also make sure you go to HR/Finance, highlight the problems that have arisen and get them to cancel/not renew any contract they have with them for the sake of another company ditching what can be a very worthwhile scheme if run well.

 

[lejogger]

It seems LHE take the 21% as a maximum, ie. hardly ridden pristine condition and serviced professionally in the last month. Unfortunately my bike cannot be put into that category and they have revalued it at £54.70 in its current state.

I guess that's worked out ok for you then... That price is certainly in the region of what should have been expected when the agreement started. Still doesn't stop it being an arse for anyone who has managed to keep the bike in excellent condition though and will have to foot a heftier bill.

 

[BenScoobert]

I mentioned that I thought people who looked after their bikes were penalised and she said they expect a person to look after a bike, but the big price dropper is the professional servicing, I couldn't possibly recommend anyone being lenient with the truth when described their own bike though.

 

[400bhp]

It seems LHE take the 21% as a maximum, ie. hardly ridden pristine condition and serviced professionally in the last month. Unfortunately my bike cannot be put into that category and they have revalued it at £54.70 in its current state.

Interesting - did you take it to them to be valued?

what was the original purchase price of the bike?

 

[BenScoobert]

Interesting - did you take it to them to be valued?

what was the original purchase price of the bike?

No, just sent 2 photos and filled in the 3 questions they asked.

 

[400bhp]

What was the original purchase price? Anything northwards of £500 and I would say you did extremely well.

 

[lejogger]

What was the original purchase price? Anything northwards of £500 and I would say you did extremely well.

I think the OP stated the original cost of bike was £1k... the boy did good.

 

[Norm]

Where does that leave BenScoobus then?

It seems that Ben is sorted because his bike is in "poor" condition.

I couldn't possibly recommend anyone being lenient with the truth when described their own bike though.

Of course not. No-one would recommend that, would they.

 

[BenScoobert]

It is a £1000 2010 croix de fer

 

[Soltydog]

My final figure is higher than I was expecting/quoted when I started the scheme 18months ago, but as I service it myself & it has never been professionally serviced & i ride it regularly it was valued lower than the top end figure .
There's a couple of people in our scheme who have had the bikes stolen at some point & were not insured, so they are unable to take photos & complete the valuation, so they may end up paying 17-21% valuation?

 

[wiggydiggy]

My final figure is £84 Could have been worse I suppose. I couldn't say mine was in poor condition though as the camera doesnt lie I've still made a 35% saving on the RRP, but some of that is down to getting a £1200 bike for £1000 in the first place.
There's a couple of people in our scheme who have had the bikes stolen at some point & were not insured, so they are unable to take photos & complete the valuation, so they may end up paying 17-21% valuation?

Glad to hear the value has worked out ok on yours and Ben's, could have been better yes but definately now try to influence HR to change schemes.

For those that get the bike stolen, I think you still have to pay at their valuation?

 

[400bhp]

I think the OP stated the original cost of bike was £1k... the boy did good.

Yes! I think I might give Evans a call - get my tatty looking CAAD 9 valued