An introduction to Pendragon Let's Drive
Want to attract, reward and retain the best employees? Then Pendragon Let's Drive is the employee benefit scheme for you.
As part of the group behind Evans Halshaw and Stratstone, we can offer your employees amazing corporate discounts on new cars and an all-inclusive fixed monthly price that includes tax, insurance, maintenance and more. This is paid before tax and national insurance, meaning there are plenty of savings to be had.
Sound interesting? - find out more by calling 01332 267 389.
How it works
Pendragon Let’s Drive is an Optional Remuneration Arrangement (formerly Salary Sacrifice) which is a benefit scheme that enables employees to get a new car for an inclusive monthly payment that is deducted from their salary before tax. There are no credit checks required for the driver and no large up-front payment on the vehicle. A salary sacrifice vehicle is subject to company car tax, also known as Benefit-In-Kind.
This monthly payment includes:
- Fully comprehensive insurance,
- road fund license,
- breakdown cover.
Why it's good for employees
Pendragon Let's Drive enables your employees to get a brand new car, with a convenient monthly payment deducted from their salary before tax.
There's no credit check, no up-front fee and no hassle: the monthly payment includes fully comprehensive insurance, servicing, MOT, road tax, breakdown cover and tyres at no extra cost. Drivers just need to add fuel.
If the driver chooses an Ultra Low Emission Vehicle the driver will only be charged the Benefit In Kind (BIK) on the vehicle, and save on the tax and national insurance that would have been due on the amount of salary sacrificed.
Why it's good for employers
A new car can help increase employee motivation, leading to improved productivity and retention.
Pendragon Let's Drive is free to set-up and can enhance your green credentials. There is a positive impact on the environment as employees are encouraged to move away from older cars into new more fuel efficient vehicles.
Our car scheme helps towards meeting duty of care obligations for drivers who use their own vehicles for business use. By providing your drivers with brand new, fully maintained vehicles equipped with the latest in vehicle safety and technology.
Salary sacrifice example vehicles:
These are a few examples of the vehicle models available. Contact our team for more details on all the different models that could be available for your drivers.
Got a question?
If you have any questions about our Salary Sacrifice scheme, contact the team: