Ok, my year is up at the start of May.Because of the changes to the scheme,it is my understanding that I can keep the bike and pay a nominal rental,or I can pay about 50% and own it (correct so far?)
God recently told me I need a new bike,and Cyclescheme is being offered up again, can I get another bike without having to take the rather expensive option of full ownership? Cheers.

I’m not expert but my understanding is that you can keep the bike for no rent for another six years when a small (7%?) fee becomes payable, then the bike’s yours. Or you can pay 50% now.
There’s nothing to stop you starting a new scheme now regardless of whether you choose to own the first bike now or not.

It depends on who runs your scheme. I run the scheme for our company and I make a small charge of 5%.