Car Leasing
What is Car Leasing?
A car leasing scheme allows employees to lease vehicles through arrangements tied to their employment, such as salary sacrifice or corporate group agreements. This allows employees to access new vehicles at a reduced cost compared to personal leasing options. The lease amount is taken directly from the employee’s salary, and can include tax incentives, depending on local regulations. These schemes are increasingly used to promote the use of sustainable transport, with a growing focus on electric vehicles.
Benefits to Employer
Schemes are often low or no cost to employers, offering an affordable way to attract and retain talent. When partnering with providers that offer electric and hybrid vehicle, this benefit can support company sustainability initiatives.
Benefits to Employee
Car leasing schemes offer employees access to new vehicles without large upfront costs, with all-inclusive monthly payments that cover insurance, maintenance, and other essentials, making transportation predictable and hassle-free. By leveraging group discounts or corporate arrangements, these schemes further reduce costs. For electric vehicles, employees benefit from lower running costs, reduced maintenance expenses, and environmental advantages, providing an affordable and sustainable way to manage transportation costs.
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Ben is easily the most engaged initiative we’ve ever had. It gets everything to everyone in different locations, and I can’t even tell you how much time it’s saved us.
