.....got a bike that was well above the limit of £1000?
Bike Forum
[closed]
cycle to work scheme question, has anyone..........
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Posted 3 years ago #
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We've sold bikes well above £1000 on cyclescheme. Enlightened employers have a consumer credit license which negates the £1000 limit.
Posted 3 years ago # -
Possible, but they need to have a credit liscence which costs the company more money.
Posted 3 years ago # -
Of course they have. The £1000 limit is mainly due to the fact that up to that amount the employer is covered by a generic credit licence, above that amount and the employer has to apply for a licence which costs about £250. Most employers think that £1000 is more than enough to buy a bike.
Posted 3 years ago # -
just thinking on getting a nice new full susser and was wondering if i could do it on the cycle to work scheme, i know its possible but wanted to hear from people who had done it?
Posted 3 years ago # -
I did it. £1800 bike. I paid £800, £1000 went on the scheme.
I wouldn't shout about it to your employer though.
Posted 3 years ago # -
Yes.
I bought a Giant Trance X2 from Bicycle Chain in Weston-S-Mare. It retailed at £1500 and he was offering £1300 for "cash". Under cyclescheme, he offered £1350. I paid £350 "cash" and applied for a £1000 voucher, the maximum my company will do.
Legally, I took (am taking) a risk. If my company decides not to sell it back to me when the scheme ends, I've really lost the £350. But I figured that I would be losing out big-time anyway and in reality, my company does not want to collect old bikes. That was the bike I wanted so I went for it and we shall see what happens in August!
Posted 3 years ago # -
snakebite - Member
Easy enough to sort. My LBSjust put the extra onto my 'tab' that I settle up....
That's a good deal. I get a £3000 bike for £1000 and you pick up the other on your tab Dave...
Posted 3 years ago # -
Posted 3 years ago #
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2 guys at work here spent £4k each on C2W scheme bikes. Company just needs a credit licence thats all.
Posted 3 years ago # -
I got my Giant Trance X0 on it last year (£2350) and this year am getting a Giant Defy Advanced 2 (£1950 roadie porn) the same way. Working somewhere with a consumer credit license has its advantages
Posted 3 years ago # -
Have a £1500 Cyclescheme voucher in the kitchen. Will annoy the bike shop tomorrow for my little lump of Litespeed darkside loveliness.
My NHS employer set the limit at £1500
When On-one / PX did Cyclescheme, they offered the service of get a quote up to the limit you can, then when the voucher arrives, negotiate what you actually want & give them the difference. All details were on the website & nothing was underhand.
Posted 3 years ago #
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