Hardtail budget £800 via Halfords CycletoWork

[lane]

By the same token I don't really understand how the Company can deduct it from the OPs wages before he purchased the bike - because they don't know the cost of the bike and hence amount to be repaid.

 

[vickster]

By the same token I don't really understand how the Company can deduct it from the OPs wages before he purchased the bike - because they don't know the cost of the bike and hence amount to be repaid.

Indeed, that was my thinking, you just expressed it better!

 

[Smudge]

Surprised they wouldn't discount for any damage....
My local Halfords did for me. Got £50 off because of a small chip in the paint..... and this was on a low priced Carrera, that was already discounted in the sale.

 

[Levo-Lon]

By the same token I don't really understand how the Company can deduct it from the OPs wages before he purchased the bike - because they don't know the cost of the bike and hence amount to be repaid.

Lady at work just got a bike via C2W , they can have upto £500 with our employer's
She spent £498 with a lock and lights, invoice company from Halfords start paying.

 

[Lee]

By the same token I don't really understand how the Company can deduct it from the OPs wages before he purchased the bike - because they don't know the cost of the bike and hence amount to be repaid.

They do sort off know because I was asked to what value I wanted the voucher up to £1000 max - I said £800 which was the cost of the bike I was going to get.

I should have waited to buy the other bike out right but Iit was too good a deal and would have been snapped up If I'd had waited till next week.

I just thought there wouldn't be a problem cancelling the bike 2 work seeing as I only got the LOC three days ago.

 

[vickster]

They do sort off know because I was asked to what value I wanted the voucher up to £1000 max - I said £800 which was the cost of the bike I was going to get.

I should have waited to buy the other bike out right but Iit was too good a deal and would have been snapped up If I'd had waited till next week.

I just thought there wouldn't be a problem cancelling the bike 2 work seeing as I only got the LOC three days ago.

Just talk to HR

 

[Lee]

Just talk to HR

Quich update If any body is interested. spoke to HR and I can't cancel it as its outside the 14 day cooling off period which took effect from when I first applied NOT from the LOC arrival, pretty disappointed but there you go.

I will have to get another bike now!

 

[Truth]

That surprises me..... I just didn't think they would take anything out of your wages until you used your voucher
Very disappointing

 

[Bonefish Blues]

Oof!

 

[lane]

That surprises me..... I just didn't think they would take anything out of your wages until you used your voucher
Very disappointing

Me to not like any scheme I know about. Clearly not everybody wants to spend the whole voucher every time so it makes no sense - you will be out of pocket if you don't. I would go back and ask what happens if you spend less than the value of the voucher on a bike.

 

[jowwy]

Your repayments are against the voucher amount not the bike cost.......

1st you look for bike and accessories
2nd apply for voucher
3rd voucher and payments set-up for amount requested
4th you go buy bike and accessories with voucher
5th if you spend less, tough thats your fault for over applying
6th money gets taken pre-tax on voucher amount
7th you get a 14 day cooling off period

Aftef that its down to you........

Note to yourself - read fine print and rules before applying

 

[Lee]

Your repayments are against the voucher amount not the bike cost.......

1st you look for bike and accessories
2nd apply for voucher
3rd voucher and payments set-up for amount requested
4th you go buy bike and accessories with voucher
5th if you spend less, tough thats your fault for over applying
6th money gets taken pre-tax on voucher amount
7th you get a 14 day cooling off period

Aftef that its down to you........

Note to yourself - read fine print and rules before applying

The way you put it is the way I'd expect it to work ie 7th you get a 14 day cooling off period after receiving voucher HOWEVER it doesnt which has shocked me.

No where could I find this in the small print.

 

[jowwy]

The way you put it is the way I'd expect it to work ie 7th you get a 14 day cooling off period after receiving voucher HOWEVER it doesnt which has shocked me.

No where could I find this in the small print.

Nope.....14 days as soon as you sign the paperwork

 

[Lee]

Nope.....14 days as soon as you sign the paperwork

Tick a box online!!

Yeah I know that now! but no where did it make this clear, it should be from when you get the LOC and everyone I spoke to agrees, seems a daft way to do things never mind you live 'n learn!

 

[Truth]

You do indeed Lee .
A bit of empathy for your situation probably wouldn't have gone a miss rather than a "note to yourself" reminder though .
Anyway mate , like you say go buy another and treat yourself
All the best