as I undertand it ,the scheme is not so good now . you will have to pay quite a large amount at the end of it .
Not necessarily, the scheme has clarified the final payment rules, meaning the employees of those companies who chose a nominal figure to transfer ownership will have to pay more, but if the company followed the guidelines it's still almost exactly the same
But you can transfer ownership of the bike back to the Cyclescheme after the term of employer ownership is over, this deposit costs IIRC 3% for bikes under £500 and 7% for bikes over £500 (refundable in certain circumstances, see below)
You then lease the bike from cyclesheme for nothing, yup no payments, you can do this for up to 3 years, after the chosen time period if you want to own the bike you then contact Cyclesheme and they transfer ownership, the deposit (3% or 7% is kept by cyclesheme), however if you wish to return the cycle your deposit is refunded.
Whichever way you do it you will save money over a new bike, or in a lot of cases sale bikes
Some companies will only let you use a voucher at full RRP's, some charge 10% admin fees (because their margin is so small, eg Pauls Cycles & OnOne)