Thanks everyone for the info, my company is still a little worried about effectively loaning employees upto £5k for 2-3 years. I think this is partly justified as the CGI leave it up to the company to decide what is a responsible amount for an employee to spend/borrow and I can see some arguments if someone is allowed to spend £5k and someone on a lower wage is not. I think introducing a calculation based on salary would solve this. My hope is that work don’t take the stance of “you don’t need a £5k bike to commute to work” which is true but in the same vein people don’t need a Tesla to drive to work when they could take the bus.
I see this said a lot but every time I’ve used a C2W calculator to scope out a potential purchase, the savings are not insignificant. What am I missing?
There is a final payment required by some companies to make the bike yours, however this can be vastly reduced by extending the hire until the bike is effectively worthless, as is the case with CGI. However companies often overlook this part or don’t understand it.