this is the email I had i paid the £69.30 was close with my £67 guess.
Dear ,
Re: End of Hire Agreement options – email dated 21/04/2012
Our records show that you have still not yet actioned any of your 3 options available to you now that your Agreement has come to an end.
As part of the completion of your hire period for the cycle to work scheme provided by your employer, your options are:
You now have 3 options:
Under a separate agreement with Cyclescheme, you pay a small, one-off refundable deposit (3% or 7% including VAT of the equipment value*) and continue to use the bicycle for up to 3 years. The monthly payments are zero. At the end of this period, Cyclescheme refund the deposit if you do not wish to keep the equipment.? This option will cost you £69.30.
Take ownership of the equipment by paying Cyclescheme a much higher valuation (e.g., for a one year old bicycle this would be 18% or 25%* of the certificate value in accordance with HMRC requirements).? This option will cost you £247.50.
Return the bicycle to Cyclescheme, at your own cost.
As our payment terms are strictly 28 days, you need to complete one of the options listed by 19/05/2012.
For further details of each option and to complete the end of hire process, please click on the following link:
Kind regards,
The Team at Cyclescheme