Fair Market Value of Cycle 2 Work schemes-can i get shafted?

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  • snooks
    snooks Posts: 1,521
    Our C2W scheme is run by Evans. Since getting the bike it hasn't been back to Evans for them to check, my company just charged everyone £20 at the end of it all, even if you bike (like mine) is as new and cost £1,000 or it's knackers and cost £200 at the start

    I don't know about cyclescheme, but found Evans great.

    Hope that helps
    FCN:5, 8 & 9
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    Watch out for HGVs
  • merlinghnd
    merlinghnd Posts: 106
    My Company has been running a C2W for the last 2 years. The Company pay the VAT and the final payment has been 3% of the "Letter of Collection" plus VAT so for a £1000 your final payment is about £35. Remember on the C2W you can purchase safety gear and accesories with the money. How much do you value a secondhand helmet, panniers, clothing etc etc. The fact is no company wants aload of second hand bikes, it is also not in their interest to stuff their own employees.

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