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Company Car Leasing

Why should I lease my next Company Car?

For those with a car cash allowance, Leasing is an incredibly attractive and useful option. Whether you are an individual with a company car allowance, business with a scheme, small feet or even those with much larger fleets, leasing your next company car is a fantastic opportunity to drive a new car at an affordable rate on a regular basis. If you were to choose to buy your next company car you would have to outlay a large lump sum amount which is likely to have a negative impact on your cash-flow. This is simply not cost-effective. If it was any other business proposal you would look at something far more sensible – something that would save you money. A huge benefit of leasing your next company car is that you avoid depreciation – most cars will lose atleast 40% of their value in the first year and the situation does not improve over time. There are many flexible contract types and a series of fixed monthly payments are incredibly easy to both budget and forecast. Business customers can also benefit from all prices excluding VAT making the cost of the vehicle generally cheaper. To see if you qualify for this; visit our Car Leasing special offers page to find some great rates on a car that could be right for you.

 

What is Company Car Tax?

Company Car Tax is a form of government taxation on all business vehicles. With Company Car Tax, the driver of the car pays a percentage of the vehicles ‘On the Road’ Value.  

How is Company Car Tax Calculated?

Company Car Tax is calculated by using the CO2 emissions, what the drivers level of income tax is and the “on the road value” of the vehicle. All of this is used to calculate the benefit-in-kind rate. You can find the Company Car Tax for each vehicle on every deal page on our site, so you can know exactly what you’ll be paying as a company car driver leasing a car.  

What is Vehicle Salary Sacrifice? 

A Salary Sacrifice is when the employer gives up a portion of the employee’s salary for a non-cash benefit. A Vehicle Salary Sacrifice provides this through the medium of a brand-new car. It is another optional scheme for company car drivers that is both highly cost-effective and incredibly simple. It’s a great way for employers to motivate employees and offers many flexible benefits and most importantly, a new car. It’s also tax efficient as it encourages low emissions for vehicles and through Salary Sacrifice many employees who previously wouldn’t be eligible are able to secure a company car or cash allowance.

 

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Select Car Leasing is a trading style of Select Contracts (UK) Limited and the firm is authorised and regulated by the Financial Conduct Authority FRN 670832. Select Car Leasing are a credit broker not a lender. VAT Registration No 181 8746 74. ICO Registration ZA076253. Company Number 065690988. Select Car Leasing are proud to be a member of the British Vehicle Rental and Leasing Association (BVRLA) No 1846.

 


Copyright 2016 Select Car Leasing. All Rights Reserved.

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Select Car Leasing is a trading style of Select Contracts (UK) Limited and the firm is authorised and regulated by the Financial Conduct Authority FRN 670832. Select Car Leasing are a credit broker and not a lender. VAT Registration No 181 874674. ICO Registration ZA076253. Company Number 06569098. Select Car Leasing are proud to be a member of the British Vehicle Rental and Leasing Association (BVRLA), No 1846. Registered address: Atlantic House, Imperial Way, Reading, Berkshire, RG2 0TD

© Copyright 2017 Select Contracts UK Limited. All Rights Reserved.

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