Cycle Scheme working out more expensive?

Mucky_Pup said:
Yeah, I've just checked my contract after thinking, I'm actually technically only borrowing it for another 36 months as well, I though I took ownership after that, although the consensus seems to be that the bike will be worth not a lot at the end of 4 years, so will likely just take ownership.
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This is why it's just a scam of a scheme.

They also sometimes omit to tell you that your SHOULD take out insurance also (and by this I mean pushbike insurance)

If you have an accident on the road or a hit by a car - if the bike is damaged or written off, you still have to pay the remaining price IN FULL and you will be liable for any damage to pedestrians / cars etc - even if you hospitalised / killed etc :eek:

Unless of course you join a good cycle club and are put on their insurance.
 
When my Cyclescheme ran out, I got told I could pay the current value of the bike (40% of its actual value) Send the bike back at my expense or sign for another year and the bike would be signed over to my ownership for a nominal fee after the extra year (fee will be £17.50) So it sounds a bit steep to me, but my bike only cost £500
 
I had the same options, really rubbish deal, it was much better about 3-4 years ago, you got the bike much cheaper.
But the current scheme is rubbish, really does seem like you pay a hell of a lot more for the bike than its worth if you want to take ownership of it...
 
I think it comes down to the estimated value of the bike after a while as well, my bike was cheaper to start with so lost value quicker, where as a £1000 bike is still likely to be worth close to its original value after a year
 
They made some changes a year or so ago which made it not as good, but it's still a good scheme especially considering evans regularly have offers such as trade in etc.

It works out much better if you are a higher rate tax payer, I have just signed up for a new bike for the 2nd year running.
 
I never had those options on my scheme; I paid my money every month and got to keep the bike at the end of it. Then the year after I could enrol again if I wanted. I only ended up paying ~£600 for my £1000 road bike.
 
arknor said:
around 700-1000 is where the decent push bikes start, you can get pushbikes that cost 5-7k
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That depend entirely on what you class as "decent" and how many fancy gadgets you want...

If you want an airodynamic carbon fibre frame with full hydraulic brakes etc. then sure, you're talking several £k, but you can get a decent alloy frame hardtail with rigid forks and good quality components for sub £500 if you know what you're looking for.

The problem is that people expect to be able to get something with full suspension and disc brakes for £200 from Halfrauds, and then are surprised when it weighs 2 tons and rusts to pieces after 6 months :p
 
Bike prices have inflated significantly over the last 6 years.

In 2008 I bought a Carbon Specialized MTB for £2,800, the same bike now with equivalent spec is £4,600 !!
 
SDK^ said:
Bike prices have inflated significantly over the last 6 years.

In 2008 I bought a Carbon Specialized MTB for £2,800, the same bike now with equivalent spec is £4,600 !!
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I've just looked actually, and you're right. There are still some available at <£500, but the choice is very limited! :eek:

I remember working in a bike shop while at college, and I think the most expensive model we had was ~£2,000, and there were only 3-4 over £1,000...
 
Haggisman said:
That depend entirely on what you class as "decent" and how many fancy gadgets you want...

If you want an airodynamic carbon fibre frame with full hydraulic brakes etc. then sure, you're talking several £k, but you can get a decent alloy frame hardtail with rigid forks and good quality components for sub £500 if you know what you're looking for.

The problem is that people expect to be able to get something with full suspension and disc brakes for £200 from Halfrauds, and then are surprised when it weighs 2 tons and rusts to pieces after 6 months :p
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yea I've got a hybrid from halfords that cost 600 and it still going strong 1200miles later not even had a puncture.

replaced it at the start of the month with a cx bike though :D
 
Heliospherez said:
They also sometimes omit to tell you that your SHOULD take out insurance also (and by this I mean pushbike insurance)

If you have an accident on the road or a hit by a car - if the bike is damaged or written off, you still have to pay the remaining price IN FULL and you will be liable for any damage to pedestrians / cars etc - even if you hospitalised / killed etc :eek:
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That's a surprise..
In other news:
If you buy a bike and have an accident on the road or a hit by a car - if the bike is damaged or written off, you have still paid for the bike IN FULL and you will be liable for any damage to pedestrians / cars etc - even if you hospitalised / killed etc :eek:


(unless this wasn't meant as a negative of the scheme :p)
 
Zogger said:
That's a surprise..
In other news:
If you buy a bike and have an accident on the road or a hit by a car - if the bike is damaged or written off, you have still paid for the bike IN FULL and you will be liable for any damage to pedestrians / cars etc - even if you hospitalised / killed etc :eek:


(unless this wasn't meant as a negative of the scheme :p)
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you get Third Party Liability Insurance with a british cycling membership which costs £32/year
http://www.britishcycling.org.uk/membership/article/memst-Third-Party-Liability-Insurance-0
Who is covered?

Race Gold, Race Silver and Ride Members that are normally resident in the United Kingdom, the Channel Islands or the Isle of Man.


What is covered?

Incidents in which you are involved whilst riding or wheeling your bike and which are alleged to have been your fault.

Physical injury to third parties caused by your actions.

Damage to third party property caused by you.

Legal costs incurred in forming your defence.

Damages awarded against you following a successful claim by a third party.

Total cover for legal costs and awards of up to £10m.
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also
Members of British Cycling can save 10% off everything at Halfords (excluding gift vouchers) to spend on any products in store, including sale items.
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