Cycle to work scheme - for against?

[Deepie]

Re: Cycle to work scheme - for against?

No good to me..... I walk to work.......

[SA Gold]

Just having a chat with some colleagues; some for, some against the scheme.

I've had a read through the guide and the way i see it is a 0% loan on a bike and accessories with no guarantee if its yours at the end because its owned by your employer.
I understand that most people end up making a token payment at the end of the 12 months and most people end up saving about 10% on the total purchase price although they won't give any decisions prior/during the agreement.

Anyone on here make use of the scheme? I was thinking about getting the Mrs a bike for Christmas

Thanks
SA