Cycle to work scheme

Is your repayment fee at the end of the 12 months really that high? I can't remember mine being that high on my first purchase (800 quid bike) but since then I'm paying off my 1k bike.

Depends on when you did the scheme - it's now 25% of the RRP according to HMRC http://www.cyclescheme.co.uk/employers/employer-updates/hmrc-update (plus VAT apparently)