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@spenceey
I've just applied again for it. If It's anything like my last bike I pay a continuation fee at the end of the first 12 months. Which will work out at 7% of the purchase value.
So my total for the bike is £679.32 (12 months @ 56.61) + the continuation fee @ 69.93 Total cost of the £1,000 bike to me is £749.25 which is still quite a significant saving (around 25%)
The scheme is still very much worth doing imo.