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but the terms which you actually sign make it possible to charge anything or lose the bike.
This is why I’ve only done it once.
The language seems really wooly and once you factor in (generally) only being able to buy stuff that’s at full rrp the savings get less and less worthwhile.
I didn’t pay any final ‘fair market value’ payment when I did do it but I kinda presume that was an admin error on the part of the company I work for and you can’t rely on that.
M_V
Silly question, why is there this initial hire period followed by second agreement for an extended hire period? Why can't the entire period be agreed at the outset? What's the tax reason?
My NHS Trust employer has outsourced to a company with terms only for the initial hire period, at the end of which it says you will enter into a second agreement to extend the hire period, but there's no information on this second agreement anywhere. They just say to email them.
I emailed this query to them and they say there will be no extra cost, but the terms which you actually sign make it possible to charge anything or lose the bike.