Hello all.
Just joined the forum and wonder if I can get some information on C2W scheme please.
I used the calculator on the scheme website for and for a package price of £1,000 and as high tax payer:
On a 1 year hire it would cost me £48.33 a month + £250 ownership fee= £830 ie 17% saving which I do understand. But what I don't understand is the 4 years hire: it still says £48.33 a month (+ £70 ownership fee). Do I pay £48.33 a month for 4 years. this would result in me paying over £2,300!!!
I am slightly skeptical of the real saving as when I had a company car I was not really impressed with the effect of the crown car benefit on kind on my P11 end of year tax.
And for the scheme itself, do i need to order all the package at once (Bike, accessories, etc). ie if I forget for example to buy bike lock, can i add it on a later stage?
Many thanks for your help
Just joined the forum and wonder if I can get some information on C2W scheme please.
I used the calculator on the scheme website for and for a package price of £1,000 and as high tax payer:
On a 1 year hire it would cost me £48.33 a month + £250 ownership fee= £830 ie 17% saving which I do understand. But what I don't understand is the 4 years hire: it still says £48.33 a month (+ £70 ownership fee). Do I pay £48.33 a month for 4 years. this would result in me paying over £2,300!!!
I am slightly skeptical of the real saving as when I had a company car I was not really impressed with the effect of the crown car benefit on kind on my P11 end of year tax.
And for the scheme itself, do i need to order all the package at once (Bike, accessories, etc). ie if I forget for example to buy bike lock, can i add it on a later stage?
Many thanks for your help