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.


On the n+1 principle I'll soon find out if Halfords can still get Bromptons. Watch this space.
Just give it a good check over in the shop. They are obliged to put anything right, and as long as you've made sure that the wheels, brakes, saddle, headset and gears are OK then it's hardly going to explode on you or anything 
...net result was chain slipping off chain ring as I changed gears throwing my weight forward & me over the handlebars straight on to tarmac, still got the nasty 2 inch circular scars on one elbow & one knee!! 

