An introduction to Personal Leasing
Personal Leasing, powered by Pendragon Vehicle Management is a bespoke scheme where your employees can get a new car on a personal contract hire agreement direct with us. That means no company car tax and no admin for your business - simply launch the scheme and go!
Find out more by contacting us on: email@example.com.
Why it's good for employers
Setting up an employee car scheme is very beneficial for employers and there are even greater benefits if you choose Personal Leasing from Pendragon.
To start with, offering your employees a new car can lead to improved productivity, motivation and increased retention.
The scheme is free to set-up and as the contract is direct with the employee, there's no administration and complex tax hoops to jump through. Personal Leasing is also ideal if you offer a cash allowance, as you can be sure that your employees are looking at the latest vehicles, which are more fuel efficient than older vehicles and come with the latest in-vehicle safety technology.
By offering new cars, you can also enhance your green credentials by encouraging employees to move away from older cars into cleaner vehicles.
Unlike other employee benefit schemes, there's no benefit-in-kind tax to pay or early terminations to worry about - the employee simply takes the vehicle with them.
Reasons you should choose Personal Leasing
1. It’s easy to implement and to use.
Your employees choose a vehicle through our online platform, discuss their requirements with our team and conveniently get a quote emailed to them.
2. New vehicles include the latest safety technology.
By encouraging drivers who use their own vehicle for business use into a new car, you’re helping comply with your duty of care.
3. The scheme is also free to set-up.
Unlike with salary sacrifice or an ECO scheme, a Personal Leasing contract is direct between the employee and us, significantly reducing administration.
What is PCH?
Personal Contract Hire (PCH) is a very attractive method of financing a new car. Your drivers will make an advanced rental followed by monthly rentals over the length of a 2-4 year contract.
The monthly rental depends on the vehicle selected, the annual mileage and term.
This scheme is ideal for employees who wish to drive a new modern car with the majority of running costs included in a monthly rental.
At the end of the contract, the employee simply hands the vehicle back with nothing else to pay, subject to the contract mileage not being exceeded and the vehicle complying with fair wear and tear.
How it works
Personal Leasing is provided via our dedicated Sales Team who can help:
- choose a car from a wide range of makes and models, including options such as metallic paint
- choose the initial rental, typically between 1-12 payments
- choose the contract length, typically between 2-4 years
- choose the annual mileage
Once this has been done, your employee will receive a quote detailing the monthly rentals of their new car, inclusive of road tax. Should they wish to proceed, they will be required to fill out a proposal form and undertake a credit check.
Should they be accepted for finance, their new car will be built by the manufacturer. Once their brand new car has been delivered, an initial rental will be taken followed by a number of fixed monthly rentals over the length of the contract. It’s that simple.
How do my employees order a vehicle?
Once you have launched the scheme your employees will have access to exclusive offers on brand new vehicles and we will still send regular offer flyers and work with you to promote this scheme to your employees. Your employees can call our team on 01332 267382 to discuss what vehicles are available, obtain a quotation, place an order and apply for finance.
Please note Personal Leasing Powered by Pendragon Vehicle Management is only available to the employees of our customers who have signed up to the scheme.
Need to know more or have more question? Take a look at our Leasing FAQ's for more information.