Reaching the end of the year and received an email "What happens next?"
Oh, so this clears things up:
We will shortly be in touch to offer you the following 3 options.
1. Cyclescheme's Extended Use Agreement (EUA)
Pay a small, one-off, refundable deposit (3% or 7% of the equipment value) and continue to use the bicycle for an extended period of up to 36 months.
3% OR 7%?? up to 36 months??
At the end of this period, ... Cyclescheme may at its discretion, offer ownership of the bicycle to you ..
At its discretion??
2. Alternatively, you can take ownership of the bicycle for a much higher valuation.
£200? £300? £1000000???
Why can't they just give FACTS?