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@Dangeruss
I've just been informed that my company won't be offering any extended period, i was interested in joining the scheme until i got this email:
*I have had a look at the calculations for you . Your monthly Gross payment will be £60.70 based on a bike of a value of £650.00.
Your net payment ie the amount it will physically cost you per month is £41.28 , £495.36 annually .
The payment you would need to make at the end of the twelve month contract would be £162.50 (25%) therefore the total cost through the scheme = £657.86. unfortunately we cannot divert from this unless you wanted to return the bike, HMRC have clamped down on the rules!!
*Errr, so it's actually going to cost me £8 more than buying on 12 months interest free credit.... awesome scheme...