I dont know how this scheme differes from employer to employer, so I wont post too much information just yet.
But as far as me and my colleagues have worked out, its not worth it.
We loan the bike from the company for a year, then have to pay for it! We have no idea how much we will be charged for the bike in the end either. "a fair market value" could be anything. As if it was brand new? Second hand? We dont know.
With the information we have been provided it seems like it could cost more than buying it outright.
But as far as me and my colleagues have worked out, its not worth it.
We loan the bike from the company for a year, then have to pay for it! We have no idea how much we will be charged for the bike in the end either. "a fair market value" could be anything. As if it was brand new? Second hand? We dont know.
With the information we have been provided it seems like it could cost more than buying it outright.