Cycle To Work Scheme, change in price?

King_Nothing

Got a quote at the end of last year for a bike and accessories, sent the value I needed off through the benefits website the company I work for use, got a hire agreement, signed it, should get my voucher sometime soon, so I can then order my bike and stuff with the shop.

Now, due to it being January the bike I'm getting is in the sales and they're saying they can't offer it to me in that price and the original price still stands, and are saying only cash sales can get it for the sale price. I know it could possibly be a case of their gaff, their rules, just wondering if this is actually correct within the confines of the cycle to work scheme, I mean if it went up in price they would undoubtably ask for the difference, just wondering how it's working the opposite way.

It's only £60, I was content with paying the price I originally set out, just thinking if I can get myself £60 worth of accessories for the hell of it, why not? I'm locked in to the X amount I've paid for the voucher, so anything not spent is lost technically.

Also just to clarify, they haven't ordered the stuff I have been quoted, I'm in no agreement with the shop, they place the order for my things when I ring them telling them I have a voucher.

Just wondering if anyone eles has been in this situation, and if the shop honoured the new price, or went of teh quote you got etc.

Cheers.

custardy

you don't get discounts under C2W
the shop pays fee's to the hire company and as such has liited margins
eg with a Halfords C2W £500 voucher,a bike shop 'pays' about £50 from that voucher

mcfisco

The bike shop has to pay 10% commission to whoever is running the scheme and have never [any that I've known anyway] included sale prices in the deal
TBH - with the way HMRC now calculate the final value, you're better off negotiating a discount with the bike shop and using a 0% card

King_Nothing

Fair do's, cheers for the help, like I said I was content on paying the price I agreed, so it doesn't really bother me, was just thinking every little helps.

King_Nothing

mcfisco wrote: »

TBH - with the way HMRC now calculate the final value, you're better off negotiating a discount with the bike shop and using a 0% card

I'm planning on keeping the bike for quite a few years, so I'm just going to extend the lease at the end of 12 months for the small fee rather than pay the 25% HMRC want, then I'll own the bike technically after the lease is up without paying HMRC.

grizzly1911

I looked at this for the wife when she wanted a new bike last year.

Got a better deal paying cash doing it direct. Apart from the fact you can spread the payments it doesn't seem that attractive for the hassle IMO.