Just considering running the Cyclescheme at my business. Has anyone experience of "A Fair Market Value payment is payable upon cessation of the agreement or at the end of the lease period" ? E.g. what sort of prices are cyclescheme asking for ?
Am I right in thinking cyclescheme works as follows,
1, Get quote for bike,
2, Company pays Cyclescheme for bike
3, Cyclescheme pay shop for bike
4, Employee pays monthly (deduct from salary) for bike
5, End of term cyclescheme ask for a fee from employee to buy bike...