Cycle 2 work scheme – discounted bikes ?

Home Forum Bike Forum Cycle 2 work scheme – discounted bikes ?

Viewing 21 posts - 1 through 21 (of 21 total)
  • Cycle 2 work scheme – discounted bikes ?
  • justa
    Member

    Evening

    Does anyone know if you can buy sale or discounted bikes on the cycle2work scheme ?

    cheers

    Premier Icon boxelder
    Subscriber

    I did. Depends on your bike shop. Lots of shops won’t do it though, as their already tight margins on sale bikes make it not worth doing.

    justa
    Member

    its at Halfords ?

    clubber
    Member

    not normally though in some circumstances you can eg if you can get your lbs credited with the voucher value.

    cynic-al
    Member

    They still get the £ with only a minor hit surely?

    clubber
    Member

    halfords will do the lbs credit thing but it normally takes some persuasion. You need to tell them that you’re buying a custom bike ie built up to your spec rather than standard and get your lbs to produce a quote. They’ll then credit the shop

    thomthumb
    Member

    i got a bike from halfords discounted; it was a boardman ie. one they would normally stock

    MrNutt
    Member

    RUN THE SCHEME YOURSELVES! (you just have to get your company to buy the bike rather than borrow the money from a third party co) then you can buy from anywhere at the prices listed!

    Premier Icon UK-FLATLANDER
    Subscriber

    I had heard that the bike shops have take a 10% hit on costs, that is if you have a £1000 voucher they only actually receive £900

    xtcenduro
    Member

    Most shops will do it but charge a 10% fee, this is apparently what the cyclescheme charge them.

    kitebikeski
    Member

    Just to reiterate MrNutt – there is next to no admin for the company to run the scheme itself – just use the template agreement that you can find on the web – if you need I will send you ours.

    Premier Icon njee20
    Subscriber

    Yep we’ll do it, but charge the 10% Cyclescheme take from us. Works out all round really.

    v10
    Member

    Same as above, 10% back on top for all heavily discounted bikes.

    We still do stuff on sale at £999 (or similar), just invovles taking a £99 deposit on top of the voucher.

    Premier Icon njee20
    Subscriber

    We do bikes for £4000 on Cyclescheme if people want, just pay the amount over the voucher, makes no difference!

    fatgit
    Member

    Hi
    I have used Halfords along with some work colleagues.
    If you want a bike that they dont normally stock then you pay full whack as they have to order one in.
    BUT if you have your voucher and you walk in to the store you can have what ever they have in stock at the face value they are selling it for.
    At the moment in my local Halfords there is the top of the range Boardman road bike (about £1400 list)from last year discounted down to £999 then cos its shop soiled there is another 15% off-so about £850. This is available at this price through the scheme.
    Cheers
    Steve

    sexpest
    Member

    njee20 you are very wrong about that and maybe you should call Cyclescheme before giving out such shoddy advice.

    Premier Icon rickmeister
    Subscriber

    Wot Njee said happens at our workplace. Fact….

    duckman
    Member

    Yup, njee is correct.

    We do bikes for £4000 on Cyclescheme if people want, just pay the amount over the voucher, makes no difference!

    Yes it does as the bike is in part ownership between you and the company, it can cause all sorts of issues if you leave before the scheme is up. tax man might take an interest too!

    SSP

    nigelj
    Member

    MrNutt, kitebikeski
    could you point me in the direction of this template please.
    my search has proved fruitless.
    thanks

    sexpest
    Member

    Apologies njee20, obviously it’s cyclescheme giving out the shoddy advice

Viewing 21 posts - 1 through 21 (of 21 total)

The topic ‘Cycle 2 work scheme – discounted bikes ?’ is closed to new replies.