I'm just in the process of buying a bike through the cycle scheme. I read that the suggested thing to do is not to buy the bike from your employer at the end of the hire period, but just continue using it. Technically they still own it, but it's not like they are going to ask for it back (at least my employer wouldn't anyway). Has anyone on here tried it that way?
Historically, few employers have bothered with the final sale transaction because it was a hassle, so many employees didn’t have to make a final payment. Despite recent changes in the scheme, providers OnYourBike say: “OnYourBike have always recommended continued use for no further payments at the end of the initial hire period. This remains unchanged and will continue to be our recommendation.”