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My trust uses Vivup - is yours the same? They gave me the option of paying 25% after 12 months and owning the bike, or 10% and extending the hire period for 3 years.
jzk-
Yep mine is Vivup too, good to know they apply those charges. On top of charging the max they can to the owner, they also charge the retailer the max admin charge of 12%, apparently all other schemes charge 4-6% max.
I went to get the C2W from Fully Charged and the guy's face dropped when I said my Trust uses Vivup. FC pass the extra 6% onto the customer unfortunately, but he said that any employer can do an "instant green commute initiative" process so I'm going to try and persuade someone in Payroll to do that instead.
neu
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.