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@dubtap
The benefit for 40% tax payers is really perverse given the schemes aims.
The final payment arrangements have to be very deliberately vague to keep HMCRE mitts off the scheme.
Has to be kept as a hire/rental scheme only with the disposal of the bike after the rental period kept as a separate and completely unconnected transaction. I understand you can usually just pay a 13th monthly payment to buy the bike but again might depend on whether its an external scheme or a company's own one.