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  1. #1
    Senior Mumbler steve2k's Avatar
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    Thanks for the advice - my new bike

    Thanks
    Thanks for the advice everyone provided in various other posts. Not only mine, but other informative posts I've been reading.

    My dilemma
    You may remember that I was trying to work out whether to use a 6 year old small mountain bike, or an ?? year old big mountainbike for a 100km ride and my daily 10 mile commute.

    After some bad news from the LBS about the state of the bikes, I decided I should buy a new one but couldn't really afford it.

    The solution
    The government (yeah I know) came to the rescue with a UK tax scheme which meant I could buy a bike for half price.

    The scheme allows a UK company to buy any bike (no limit) and then 'rent' them to the employee. At the end of the loan period the employee can pay to buy the bike from the company.

    The cool bits are:
    - the company can claim back VAT (sales tax currently at 17.5%)
    - when you 'rent' the bike from the company it comes out of your pre-tax earnings.
    - You can get any bike you want and include accessories and safety gear (incl. hi-viz clothes).

    The Maths
    My 400 bike (bike, fenders, rack, panniers) actually costs my company 340 after they claim back sales tax.

    I then 'rent' the bike for 26 each month for 12 months, but as that's before tax it is the equivalent of 13 take home pay. I finally pay about 30 to buy the bike from the company (again before tax).

    So in effect I've paid 170 for a 400 bike and the UK government has paid the rest.

    The Bike
    So I went and bought one of these (I didn't get greedy, I had my eye on a 900 touring bike):


    I should get the bike later today or tomorrow so I'll commute and let you know how it goes. I'm hoping to shave some time off my commute compared to the Mountainbike.

    Thanks again.
    Steve

  2. #2
    Perma-Clyde (51)'s Avatar
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    Very nice. Are you Clyde status? That 'springy' seatpost may be an issue.
    http://www.trailerparkboys.org/forum...fault/beer.gif In wine there is wisdom, in beer there is freedom, in water there is bacteria. -Ben Franklin

  3. #3
    Senior Mumbler steve2k's Avatar
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    Yep, thoroughbred clyde (260lb).
    How would it be an issue, what should I look for?
    The guy in the lbs said it might bottom out, and he said they tend to have a bit of lateral movement in them. He said he could swap it if I'd like. I've got posts at home so thought I'd give it a go. Bad idea?

  4. #4
    Senior Member KOBE's Avatar
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    I(270lbs) have one on my bike and have never bottomed out . I don't do any mt. biking though .

  5. #5
    NadaKid wayne pattee's Avatar
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    I have one of those seat posts and I actually like the lateral movement. At first it felt strange but I've gotten used to it.

  6. #6
    Senior Member jaxgtr's Avatar
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    Mine bottomed out all the time. I finally got ride of it and it was so much better. When I got off the bike, the seat would come up and catch my leg have the time.
    Brian | 2015 Cannondale Synapse Carbon 3 | 2014 Trek CrossRip Comp | 2013 Cannondale SuperSix (for sale)
    Quote Originally Posted by AEO View Post
    you should learn to embrace change, and mock it's failings every step of the way.

  7. #7
    Senior Member jaxgtr's Avatar
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    Quote Originally Posted by steve2k
    The solution
    The government (yeah I know) came to the rescue with a UK tax scheme which meant I could buy a bike for half price.

    Steve
    While I hate giving the government more money, how many people have taken this offer??? Is this an effort to reduce the number of cars, smog, ect?? And at the same time, how much extra in taxes are you having to pay for this program?
    Brian | 2015 Cannondale Synapse Carbon 3 | 2014 Trek CrossRip Comp | 2013 Cannondale SuperSix (for sale)
    Quote Originally Posted by AEO View Post
    you should learn to embrace change, and mock it's failings every step of the way.

  8. #8
    Senior Member
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    Gracious, how civilized of your government (and your employer, I might add). Very cool!


    Gabriel
    2006 Surly LHT

  9. #9
    Fat yet photogenic obelix67's Avatar
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    Lets see later today, Tony Blairs replacement in waiting is doing his last goverment budget today, there is talk that high fuel vehicles will be double taxed for driving on the road.... for people in rural communities they are screwed if they need a 4x4 for a farm etc....

    For city dwellers I can see the point and think it is great that someting is being done to get folk on bikes instead of cars.

    Depending on which poll you read the Scottish Independence movement is getting stronger when it was revealed last week that each and every person in Britain will have to pay 115 pounds towards london hosting the olympics for example. If Scotland comes out of britains tax equation it will be interesting to see what happens with the westminster goverment taxing.........on the bits that are left.
    On a 2007 GT Avalanche 1.0 disc http://i18.tinypic.com/4d2d89s.gif Time to break from the Union

  10. #10
    Senior Mumbler steve2k's Avatar
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    Quote Originally Posted by jaxgtr
    While I hate giving the government more money, how many people have taken this offer??? Is this an effort to reduce the number of cars, smog, ect?? And at the same time, how much extra in taxes are you having to pay for this program?
    It's part of the governments Green Transport Plan. I'm not sure how many people have adopted it but there are a few companies set up to administer the scheme on behalf of companies so I guess there must be a few.
    In terms of direct tax, there is no tax on this scheme but you have to meet certain criteria (bike has to be used for work etc.). In terms of other taxes, everything seems to be going up anyway so who knows. Maybe they'll tax motorists more, or just shut a couple of schools. We'll find out in a few days.

  11. #11
    Fat yet photogenic obelix67's Avatar
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    Watching the morning news today it was quite an interesting perspective as they are talking about reworking local taxation, in the UK

    1 - Pensioners should pay less tax - yes
    2 - so working people should pay more tax - eh no
    3 - so pensioners should pay the same tax as everyone else - eh well
    On a 2007 GT Avalanche 1.0 disc http://i18.tinypic.com/4d2d89s.gif Time to break from the Union

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