These schemes have always had some fundamental flaws TBH, who pays for shagged brake pads is the least of them…
composite – Member
How it works in relation to some car scheme is irrelevant. This is how this scheme works, either get on board and enjoy what basically equates to free finance or don’t.
That’s basically it really, do some proper sums, look at how the whole scheme stacks up against financing your own bike purchase by other means.
Factor in the likely end of hire term purchase cost,
consider the convenience of filling out a couple of forms (online?) and getting a voucher Vs applying for a credit card/finance or saving up to buy the bike, and make your own judgement…
But no you don’t own the bike until the hire period is over, and a final transfer of ownership fee has been paid, that hire period and the final fee can vary from scheme to scheme…