NorthernSky
Guru
hi
i was looking into cycle to work. i had my eye on a £1000 bike.
the agreement is you 'hire' the bike for 12 months, then at the end you have the option to buy the bike at current market rate as calculated by HMRC (via a Fair Market Value payment)
i have been told that on a £1000 bike that it will cost £250 to buy!
seems very high to me.
there is another option to go into an extended 5 year agreement and by then the bike is yours for free.
just wondering others experiences
i was looking into cycle to work. i had my eye on a £1000 bike.
the agreement is you 'hire' the bike for 12 months, then at the end you have the option to buy the bike at current market rate as calculated by HMRC (via a Fair Market Value payment)
i have been told that on a £1000 bike that it will cost £250 to buy!
seems very high to me.
there is another option to go into an extended 5 year agreement and by then the bike is yours for free.
just wondering others experiences