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Author Cycle to work scheme advice needed
Dan
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Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
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4th Jan 13 at 18:50   View Garage View User's Profile U2U Member Reply With Quote

I was about to buy a new bike to use for going to work and back. Guy at work mentioned this to me, which I hadn't really heard of.

He seems to think my work do it over 3 years? is that usual? End of the term they just donate the bike to me.

Only allow a certain amount of people per year or something.

But, what bike do I get? If its over 3 years, I don't mind going for a 700 quid bike, that will be top notch and last me, if its one year, id rather only pay 300 ish.

Any recommendations? My journey is 5km each way, its all roads and cycle paths, very slight inclines, but practically level. Im thinking a hybrid, as I don't really like the way you ride a racing bike.

Thanks!




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Colin
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Registered: 4th Apr 02
Location: Drives a hire car
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4th Jan 13 at 22:19   View User's Profile U2U Member Reply With Quote

My work runs a cycle to work scheme, I was going to do it last year however found its limited to April only to register then the bike has to be purchased from halfords and paid up over 12 months. There's better deals to be had, January sales, discounted last season stock etc then stick it on a 12 month interest free card if needs dictate.
Nath
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Registered: 3rd Apr 02
Location: MK
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4th Jan 13 at 22:21   View User's Profile U2U Member Reply With Quote

Ours is 12 months. Then sometimes there's a final payment at the end, or you pay a tiny fee to 'lease' it for another couple of years. Basically means its yours anyway so I chose that option.
deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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4th Jan 13 at 22:41   View User's Profile U2U Member Reply With Quote

Some larger employers may do their own scheme but there is an official government scheme. IIRC you get the bike and accessories tax free, and you pay for it at source e.g another 'tax'/deduction on your pay packet. The main benefit is that everything is less 20% VAT immediately.

You should be able to use any bike shop within the scheme.

But as said look online at some of the larger retailers or buy MBUK or MBR magazine and check out some of the retailers offering finance, often 0% on bikes.
Colin
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Registered: 4th Apr 02
Location: Drives a hire car
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4th Jan 13 at 23:34   View User's Profile U2U Member Reply With Quote

Any info on the government scheme?? My work only issues halfords vouchers. Was considering a fs boardman but missed the April deadline they have.
Tommy L
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Registered: 21st Aug 06
Location: Northampton Drives: Audi wagon
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5th Jan 13 at 00:12   View User's Profile U2U Member Reply With Quote

You save 32% if you're in the lower tax band or 42% if in the higher on your tax and ni.

Schemes are generally over 12 months but there are schemes out there which you can extend up to 3 years more.

They won't just donate the bike to you at the end of the hire period unless they really like you you'll buy it fair market value which varies from the cost of bike and length of the hire period. But best thing to do is find out what scheme your employers are on and then you can decide what bike to go for price wise.

In regards to actual bikes I've not got a scooby
fir3vip3r
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Registered: 14th Jun 06
Location: Stevenage, Hertfordshire
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5th Jan 13 at 01:26   View User's Profile U2U Member Reply With Quote

Colin, my work scheme was with halfords but they also allow you to go to other "approved" outlets to get your bike. I got mine from Giant direct.
deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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5th Jan 13 at 10:50   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Colin
Any info on the government scheme?? My work only issues halfords vouchers. Was considering a fs boardman but missed the April deadline they have.


Seems like I got it wrong. There is no government scheme, it is just a government initiative.

http://en.m.wikipedia.org/wiki/Cycle_to_Work_scheme
Colin
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Registered: 4th Apr 02
Location: Drives a hire car
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5th Jan 13 at 12:33   View User's Profile U2U Member Reply With Quote

I think im going to order a 2012 model hardtail from Europe.

Deliveries only 30 and I'm saving 20% on the bike and then the exchange rate.
Liam
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Registered: 19th Jan 06
Location: Stafford
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6th Jan 13 at 21:30   View User's Profile U2U Member Reply With Quote

I did it in Sept last year, I wouldn't do it again, better deals to be had paying cash IMO. I got a700 voucher and I'll end up paying about 650 with the final fee of 22% which my employer adds ><
Jamie Walby
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Registered: 15th Nov 04
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7th Jan 13 at 10:18   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Colin
I think im going to order a 2012 model hardtail from Europe.

Deliveries only 30 and I'm saving 20% on the bike and then the exchange rate.


May get stung for tax and duties when it comes into the country though?
Dan
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Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
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7th Jan 13 at 19:28   View Garage View User's Profile U2U Member Reply With Quote

Got the details officially today.

4 year agreement. 1 year at 7 quid ish a week. The next 3 years are free. Then I get given the bike. If I leave before 4 years I have to pay a percentage.

Going for the boardman hybrid comp I think at 549


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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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7th Jan 13 at 19:34   View User's Profile U2U Member Reply With Quote

Noice.
Cole
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Registered: 11th Nov 02
Location: eastbourne Drives:zafira sold now a qashqai
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7th Jan 13 at 20:27   View User's Profile U2U Member Reply With Quote

That's a good deal wish my work would something on the cycle to work scheme
Dan
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Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
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8th Jan 13 at 13:01   View Garage View User's Profile U2U Member Reply With Quote

Anyone any experience on the boardman ?


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Dan
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Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline
10th Jan 13 at 21:26   View Garage View User's Profile U2U Member Reply With Quote

Picked it up tonight! Fuck a duck does it shift with very little effort.

First impressions are very good. Brakes are brilliant. Very light. Seems to turn very fast too.

I am only used to 99 quid mtb though lol


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