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is the bike to work scheme worth it?

  • 10-04-2012 8:02pm
    #1
    Konkers
    Registered Users, Registered Users 2 Posts: 364 ✭✭


    Folks,

    first question from a newbie to boards but have been reading (for a good reason) for last few weeks and noted a lot of chatter re canyon bikes. Just wondering, how this can be if no one has tried them before buying (cos they are sold online right?).

    I'm asking cos, I bought my entry level road bike over 4 years ago (princely sum of €800) and changed out parts as required. Thinking the groupset needs to be changed out at this stage so maybe I will just buy a new (better) bike on BTW. I do anything from 2-4 hours cycling in Dublin / Wicklow mountains every weekend.

    So, question I have is: Is there more value to be had online than going to an irish bikeshop and availing of the bike to work? (assuming ur employer, like mine, will only give an irish bank cheque made out to the supplier)
    i.e. is the supply chain absorbing the BTW allowance.

    Any thoughts


Comments

  • #2
    cdaly_
    Registered Users, Registered Users 2 Posts: 6,440 ✭✭✭cdaly_


    If your employer is paying the bike shop directly then you have room to negotiate. If they use a Bike to Work 'Broker' scam, the 'broker' takes up to 10% and you lose your negotiating powers.

    If you're on full tax rate, there's about 52% of a saving on the invoice price to you.


  • #3
    fat bloke
    Registered Users, Registered Users 2 Posts: 5,971 ✭✭✭fat bloke


    Absolutely it's worth it. But you definitely get more bang for your buck if you can extend your wallet above the 1000 euro glass ceiling.

    If you absolutely had not a farthing more than the 1000 euro budget and wanted a road bike, I'd personally be tempted to just stump up for a canyon myself and use the scheme (if I had one) for something else (mtb/fixie/straight forward commuter/whateveryourhavingyourselftherebud)


  • #4
    Konkers
    Registered Users, Registered Users 2 Posts: 364 ✭✭Konkers


    yeah have a budget ceiling of 2,000. So was wondering would I get the same quality or better bike for 1500 euros from canyon rather than using the BTW and shelling out 2,000 (albeit that I would be support irish employment and bike shop enterprise - no harm at all in this climate).

    I wonder how many jobs the btw is supporting.


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