My work offers this scheme but I was under the impression it was a 12 month hire agreement and at the end of the 12 month period you could buy the bike from your company at market value. At least thats what it says on the government website. Sounded like a duff deal to me so i didn't bother.
R
Thats basically correct but the "market Value" is a mere 5% of the purchase price, so it's basically the same as your monthly payment. If you are in the sub< £38k tax bracket like most of us, you save about 30-40% on the RRP.
Aaaah thanks for clearing that up, should still save a bit even being in the 40% tax bracket
R