No you don't, its £35 disposal fee (as its called) and its a fixed amount no matter how much the bike cost, all clearly stated in the paperwork.dohnut wrote:Don't forget when you reach the end of your term you have to pay around 20% of the value of the bike. That's another £200.
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cycle to work (crap)
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Mr_Pink
- Posts: 163
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- Gender: Male
Re: cycle to work (crap)
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NewPostieUK
- Posts: 2104
- Joined: 06 Jan 2008, 21:38
- Gender: Male
- Location: SickAsAChipLand
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NewPostieUK
- Posts: 2104
- Joined: 06 Jan 2008, 21:38
- Gender: Male
- Location: SickAsAChipLand
Re: cycle to work (crap)
So if you KEEP the bike (why wouldn't you?) you pay NOTHING.
Some people say the stupidest things...
Some people say the stupidest things...
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korky
- Posts: 797
- Joined: 30 Dec 2007, 09:28
Re: cycle to work (crap)
they never gave me an option to pay or refuse the "dispose" fee, automatically took the £35 in the final paymentNewPostieUK wrote:So if you KEEP the bike (why wouldn't you?) you pay NOTHING.
Some people say the stupidest things...
think its just a perk for extra cash
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OnAFlyer
- Posts: 1938
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- Gender: Male
Re: cycle to work (crap)
Actually there are now two schemes, Cycle Plus (whichever one isn't Cycle2work) has the bike valued at a certain percentage of the purchase cost after the 18 month period, it varies depending on the initial cost but is around 20%. You can either pay that or extend the scheme which alters your tax code slightly and you pay less.
Either way the schemes aren't as good as they used to be.
Either way the schemes aren't as good as they used to be.