Cycle To Work

CarolynRach

Does anyone's work have one of these? I really think my employer (small company) should get one! This scheme offers up to a staggering 42% off the cost of a bike!!! Plus, you just pay a bit each month rather than having to pay out at once. Too good to be true? Or are they actually a great way of getting a new bike and actually using it?

Nasqueron

If you want a basic bike it is a great scheme (note 42% saving is for high rate tax payers) as you can get a bike, helmet, lock, clothing, lights etc all in one and make a tax saving. Do remember that you do pay the full amount for the bike but it comes out of your salary before tax so you pay less tax/NI which is why you make the saving.

What I would say though is that if the bike you want is in a sale of 25% or more off (and can't use C2W) it's better to use a 0% purchase card and pay it off that way as the saving is higher.

Remember also if commuting get a bike with panniers and/or get used to a rucksac as you need to carry in clothes, lunch and tools (do a basic maintenance course if you don't know how to do stuff like changing tubes)

parking_question_chap

I considered it.


Decided to buy second hand in the end and it was an awful lot cheaper.


Not a great deal to go wrong with most bikes that cannot be fixed with a small service.

andrewf75

a drawback I found is the restricted shops you could use. I found the best value bikes were from Decathlon and I couldn't use them with the scheme.