Cycle to work scheme

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dubkev

Is it just me or is the cyclescheme.co.uk calculator fucked?

Any time I put a 4 year option in, the monthly repayments end up totalling way more than the full price of the bike.

https://www.cyclescheme.co.uk/calculator

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hullian in reply to @dubkev

It seems to be working fine. Are you multiplying the "monthly cost to you" by 48 months instead of 12? The hire period is 12 months regardless of whether you select "4 years"(own it later) or "1 year" (own it now) in the calculator. Choosing the "own it later" reduces the ownership fee.

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