Who actually owns the cycle to work bike?

The bike and/or accessories remain the property of the employer throughout the hire period unless the employer uses a finance company to fund the bikes; in this case, the finance company or funding bank will own the bike and/or accessories.

At the end of the hire period and where Cyclescheme is administering ownership options, Cyclescheme LTD owns and is accountable for the bike and/or accessories. This means there is no employer liability around acceptable disposal of the bike once the hire agreement is concluded. 

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