• Does anyone know what happens if you quit your job before the end of the cyclescheme loan period? HMV are part of the scheme but i am only working there till september? I don't mind having to pay the remainder of the loan in full if it's the discounted amount.

    The bike is the property of HMV until you make the final nominal repayment at the end of 12 months. Therefore, if you leave or get fired, you'd probably have to lose the bike or pay the full amount. Whether you pay back the discounted amount or the full amount is probably at the discretion of your employer.

    Another interesting fact: say you get £1500 worth of bike, using £1000 of cyclescheme and £500 cash. If you get fired, you lose the bike AND that £500.

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