As employees, you deserve to have access to the best company benefits on offer. Allowing you to get behind the wheel of a brand-new car at a fraction of the price compared to other leasing methods, our salary sacrifice car scheme should make up a part of every workplace benefits package you receive.
The process is simple too, with payments coming directly out of your pre-tax salary, allowing you to benefit from lower lease payments and a reduction in taxable income.
How does it work?
Introduce us to your Employer
You can refer your employer on their behalf and we’ll contact them to discuss the scheme and its benefits.
Your Employer Signs Up
Once we’ve worked out the perfect salary sacrifice scheme for your employer, we’ll ensure it’s integrated smoothly.
Choose Your Car
Your employer will then provide the necessary details for you to browse our deals and find your dream vehicle.
Enjoy Your Car
Once your vehicle's arrived, the payments will automatically be deducted from your salary and will be visible on your payslip.
What are the benefits for you?
Extensive Choice of Cars
Our salary sacrifice scheme offers a wide variety of cars from the world’s best automotive manufacturers.
Expert Support
We’re here to assist when you need us and can provide advice related to costs, car choice and ongoing support.
Enhanced Savings
As your payments come directly out of your salary pre-tax, you will benefit from lower tax and national insurance payments.
No Credit Checks
Unlike other leasing options, salary sacrifice requires no credit checks meaning there’s no impact on your credit score.
Salary Sacrifice Example
*Example is for illustrative purposes only, BYD Seal 36-month agreement. Effective savings are calculated using Income Tax and National Insurance savings.
| Without Salary Sacrifice | |
|---|---|
| Payment (Monthly) | Amount |
| Basic Pay | +£3,333.00 |
| Income Tax | -£458.00 |
| National Insurance | -£229.00 |
| Net Pay | £2,646.00 |
| Vehicle Payment | -£660.38 |
| Remaining Pay | £1,985.62 |
| With Salary Sacrifice | |
|---|---|
| Payment (Monthly) | Amount |
| Basic Pay | +£3,333.00 |
| Income Tax | -£325.00 |
| National Insurance | -£130.00 |
| Salary Sacrificed | -£660.38 |
| Benefit in Kind (BiK) | -£13.00 |
| Net Pay | £2,204.62 |
| Effective Savings (Monthly) | £219.00 |
| Without Salary Sacrifice | |
|---|---|
| Payment (Monthly) | Amount |
| Basic Pay | +£5,833.00 |
| Income Tax | -£1,286.00 |
| National Insurance | -£284.00 |
| Net Pay | £4,263.00 |
| Vehicle Payment | -£580.72 |
| Remaining Pay | £3,682.28 |
| With Salary Sacrifice | |
|---|---|
| Payment (Monthly) | Amount |
| Basic Pay | +£5,833.00 |
| Income Tax | -£1,054.00 |
| National Insurance | -£273.00 |
| Salary Sacrificed | -£580.72 |
| Benefit in Kind (BiK) | -£13.00 |
| Net Pay | £3,912.28 |
| Effective Savings (Monthly) | £230.00 |
| Without Salary Sacrifice | |
|---|---|
| Payment (Monthly) | Amount |
| Basic Pay | +£10,500.00 |
| Income Tax | -£3,575.25 |
| National Insurance | -£378.00 |
| Net Pay | £6,546.75 |
| Vehicle Payment | -£537.08 |
| Remaining Pay | £6,009.67 |
| With Salary Sacrifice | |
|---|---|
| Payment (Monthly) | Amount |
| Basic Pay | +£10,500.00 |
| Income Tax | -£3,264.00 |
| National Insurance | -£367.00 |
| Salary Sacrificed | -£537.08 |
| Benefit in Kind (BiK) | -£13.00 |
| Net Pay | £6,318.92 |
| Effective Savings (Monthly) | £309.25 |
What's included as part of your lease?
Various costs are included as part of your monthly payment when leasing a car through salary sacrifice, including:
- Insurance
- Maintenance and repair
- MOT
- Servicing
- Breakdown cover
- Tyres
- Vehicle excise duty (a.k.a. road tax)
- Accident management
Contribute to a cleaner future
Our experienced associates can also provide support to those interested in hybrid and electric salary sacrifice options. With enhanced savings on the likes of fuel and Benefit-in-Kind tax, leasing a zero-emissions vehicle will help us to build a better future.
Discover Hybrid & Electric Leasing
Ready to get started?
Interested in benefiting from the enhanced savings offered by our salary sacrifice scheme? Simply refer your employer and our friendly associates will be in touch to with your company to provide them with all the information they need.
Frequently Asked Questions
Salary sacrifice schemes are worth it for a variety of reasons. They save you money on leasing a new car, which is ideal if you're in the market for a new car and want to make the most of your budget. Not only that, but you get maintenance and breakdown cover included within your monthly payment, making it a hassle-free experience.
No, you won't own any car leased through the salary sacrifice scheme. As part of the scheme, businesses are essentially leasing the car on your behalf, helping you to save money when paying for the car on a monthly basis. However, there will be the option to buy the car at the end of your agreement for an agreed sum.
Whether a car leased through salary sacrifice will impact your pension will depend on the type of pension you have. If you have a defined contribution pension scheme, then your pension contribution is calculated before your salary sacrifice has been applied, meaning it's unlikely to have an impact on your pension contribution, and therefore the benefits payable during retirement.
However, the impact on your pension can be bigger if you participate in a defined benefit pension scheme if the salary sacrifice has not been approved by the government. This is because, in a defined pension benefit scheme, your pension contributions are based on your salary after any deductions (such as salary sacrifice).
There's no upfront cost when leasing a car through the salary sacrifice scheme. You pay an agreed monthly sum for the duration of the agreement, with no deposit required.
A variety of electric and hybrid cars are available through the salary sacrifice car scheme. Because of the reduced running costs associated with these vehicles, it represents a great opportunity to save more money when leasing a new car.
No, salary sacrifice will not impact your credit score since the lease is considered a business contract hire, and not a personal contract hire.
