Norm said:I think more people are seeing why I wrote a few months back that everyone should encourage their employer to steer clear of Cyclescheme.
The only reason I commuted by bike was that I was able to use the C2W scheme to buy the bike in the first place. There's no way I would have got the road bike without the C2W scheme.
As I've said a couple of times, tough. The bike belongs to the employer, if you gave them £1,500 without realising the implications, then more fool you.
Catrike UK said:I suspect dealers will be sympathetic to the buyers.
Indeed. Selling something which belongs to your employer would not, in general, be a good thing to do.summerdays said:It's not yours to sell - so presumably the cycle scheme could ask for a lot of money?
Norm said:The other thing which is allowed in the scheme guidelines is that, at the end of the official rental period, your employer can allow you to continue using the bike without charge. Maybe that should be encouraged more.
Bromptonaut said:Any experiences of this?
My employer, a large Govt Dept, used Cycle Solutions/Wheelies Direct. Neither is remotely interested in providing an end of lease valuation, nor will any other bike shop, as they don't want to take the risk.
Cycle Solutions publicity when the scheme opened referred to value being approximately equal to a 'month13' payment. The employer however has always inisited on a valuation - apparently their inspector got picky long before all the others.
peteoc said:I beg to differ, the cyclescheme does work as it did for me last year! I've been through it once and currently going through it for the 2nd time.
Matty, yes you can save money by getting last years model off the net, but if you find somewhere that supplies last years model that also is part of the scheme then you save even more!
Jezston - what questions do you actually have? I'll answer them where possible.
Hmm... yes... and no...summerdays said:Is that an automatic allowance... or does it have to be agreed in advance? how does it work?
Yes, most definitely. The bike remains the employer's property and there is still value in it. Nothing would change other than the rental payments.summerdays said:Would you still have to insure the bike... what would happen if it was stolen?
No problem at all.... although I should point out that anything I write is no more or less valid than anyone else's ramblings. And the value of your home is at risk etc etcsummerdays said:(Do you ever regret being the font of all knowledge on the Bike to Work scheme)
There is nothing in the regs to require this. It could be that Cyclescheme set the requirement, which would just be another reason not to use them.dodgy said:That goes against what I've been told by several shops (one of which a trusted friend is the manager). They say they must use the full RRP of the bike in cycleschemes.
It's a retailer requirement, with the shop only getting 90% of the value printed on the voucher it leaves precious little profit margin.Norm said:There is nothing in the regs to require this. It could be that Cyclescheme set the requirement, which would just be another reason not to use them.
Whilst that's true, that is not what dodgy said.GrasB said:It's a retailer requirement, with the shop only getting 90% of the value printed on the voucher it leaves precious little profit margin.