Affinity Scheme - Select Fleet Solutions
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Affinity Scheme

By joining forces with Select Fleet Solutions, you can give your employees access to a range of preferential discount terms on all the best new lease cars, via our unrivalled panel of funders.

And not only that, but our Affinity Scheme can also save employees valuable time, ensuring they don’t need to spend hours visiting dealerships or shopping around for the best possible leasing offers.

The Affinity Scheme is simple, easy to use and available to employees who choose to take a cash allowance.

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Affinity Schemes Explained

Want to know more about affinity schemes? We'll talk you through the benefits and drawbacks so you can decide whether its right for you. 

Affinity Scheme for cash allowance lease employees

In a cash allowance scenario, an employer pays a sum of money to an employee, in addition to their regular salary, to enable them to take out a personal lease.

It’s an alternative to a firm providing an employee with a company car. Or it might also be a way for an employee to drive their dream car if they’re not eligible for a company car.

With the Select Fleet Solutions Affinity Scheme, employees have exclusive online access to discounted lease deals on brand-new vehicles. And we can offer a wide array of outstanding personal lease deals from the vast majority of the key manufacturers.

Offered directly through you, their employer, employees will have access to deals that are only available to them as a result of working for you – creating a valuable recruitment and retention tool. It’s an attractive employee benefit that complements our comprehensive solutions for company car drivers.

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Benefits of an Affinity Scheme

An affinity scheme allows staff to choose their vehicle from a wider selection, rather than choosing a vehicle from a company car list. It also allows staff who do not have or want a company car to take advantage of Select’s economies of scale and buying power without having to take on a company car.

That means an affinity scheme can be a lure for new staff who want to drive the latest vehicles without having to pay company car tax. By giving staff access to cheaper lease rates, companies can improve staff satisfaction and retention.

Staff who take advantage of the scheme will be able to choose a vehicle and a lease that suits their needs, picking a car and a price that’s right for them. Once the affinity scheme is in place and the staff member has been introduced to the scheme, companies can let their employees enjoy the benefits.

Drawbacks of Affinity Schemes

The drawbacks of a well-managed, well-established affinity scheme are few and far between. The business simply acts as a conduit between the vehicle supplier or manufacturer and the employee, giving the employee favourable rates on vehicles.

Naturally, the arrangement has to be properly organised to ensure nobody falls foul of HMRC, and it’s important to make sure the pricing is correct so you know staff are getting a good deal. With Select’s expertise, you can establish a watertight system that works for everyone. Through our relationships with manufacturers and lenders, we’ll help you make sure the deal is right for all concerned.

Tax on affinity schemes

Affinity schemes do not carry any Benefit-in-Kind tax implications as car leasing is seen here as a voluntary benefit instead. Drivers will therefore not have to pay any tax as the vehicle is not a company car, but a private vehicle financed in their name.

Staff can also make use of an affinity scheme if they take a vehicle allowance from the business, although this sum will be taxed in the normal way.

To make best use of the affinity scheme, it must be set up correctly to avoid any risks with HMRC, while also being priced attractively so employees are receiving a real benefit. Businesses can discuss all this and more with our advisors, who will help to make your affinity scheme the best it can be.

Want to know more about our fleet solutions? Get in touch now with our fleet solutions team on our dedicated phone number 0118 304 8690 or simply email them at affinityscheme@selectfleetsolutions.co.uk.

Affinity Scheme Frequently Asked Questions

Because the business simply introduces the staff member to the lease, the contract is between the employee and the vehicle provider, so the agreement is a personal lease. That means there’s no company car tax to pay, and staff can get a great car at a lower price than they would achieve alone. It also means the scheme is a relatively low-cost staff incentive for the employer.

The Affinity Scheme gives an employee access to all popular makes and models from the vast majority of manufacturers, from compact city cars to luxurious SUVs. And because of our blue-ribbon partnership with the key funders and dealerships, the employee enjoys the most affordable deals. 

Cash allowance simply means that an employer provides additional funds to an employee so that they can secure their own personal lease deal via an Affinity Scheme, as opposed to supplying them with a company car through the business. It’s flexible, it’s convenient, and our Affinity Scheme gives the employee access to the best possible lease deals.

The Select Fleet Solutions Affinity Scheme allows an employer to offer a lease vehicle to an employee through finance, at a heavily discounted rate that’s negotiated via our comprehensive network of funders and dealerships. There’s no Benefit In Kind (BIK) tax payable, as car leasing is seen here as a voluntary benefit instead.

Very little, really. Businesses simply introduce their staff to the scheme and allow them to decide whether to take advantage of it. How it works for your business will depend on your needs, but companies and their staff will be able to take advantage of Select Car Leasing’s discounts with manufacturers and finance companies. Speak to our advisors to arrange an agreement that works for all concerned.

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