It depends on the duration of the lease on your scheme. Ours is for 12 months only, which results in 18% for bikes less than £500 and 25% for those over £500. There’s no actual purchase charge involved, just a choice of:
1. Handing bike back.
2. Paying the % of the purchase cost.
3. Paying the tax on the % of the purchase cost.
Nobody ever chooses 1 or 2.
Option 3 comes out monthly over the following 12 months.
1. Handing bike back.
2. Paying the % of the purchase cost.
3. Paying the tax on the % of the purchase cost.
Nobody ever chooses 1 or 2.
Option 3 comes out monthly over the following 12 months.