A Car Salary Sacrifice arrangement entails an employee willingly forgoing a segment of their salary in return for the privilege of a leased vehicle provided by their employer. However, the benefits extend beyond mere vehicle provision, encompassing additional perks that enhance the overall appeal of this unique employment benefit.
A Car Salary Sacrifice arrangement typically involves an employee sacrificing a portion of their salary in exchange for a car provided by their employer. The details can vary, but the package often includes:
Car Lease: The employee gets access to a leased electric vehicle, and the lease is usually bundled with various services such as maintenance, insurance, and sometimes fuel.
Fixed Fee Vehicle Insurance: Comprehensive insurance coverage is often included in the package. This can cover damage to the vehicle, liability, and sometimes even personal injury protection.
Additional Maintenance & Servicing: Many Car Salary Sacrifice schemes include the cost of routine maintenance and servicing. This can cover regular services, repairs, and replacements due to wear and tear.
Roadside Assistance: Some arrangements may include roadside assistance services, and providing support in case of breakdowns or emergencies.
Residential EV Chargers: Our arrangements include the option of including a fully fitted home charger with the cost spread over 24 or 36 months. This cost can also be the salary sacrificed here in the UK.
EV Fuel Cards: In some cases, employers provide fuel cards to reduce the cost of public charging. This is less common than other benefits, but it can be included in some packages.
It's important to note that the specifics of a Car Salary Sacrifice arrangement can vary based on the employer's policies and the agreement negotiated with the leasing company. Employees should carefully review the terms and conditions to understand exactly what is included in the package and any potential tax implications.
Meirion Edwards Excellent service
Excellent service, very friendly and made it very easy.
05 September 2023
Steve WOW!!! 5 Stars!
I'm a firm believer in credit where it is due! Sue from Dreamlease has been fantastic to deal with start to finish and her efficiency is second to non.
Thanks again Sue and I hope to do more business with you in the future. Steve17 January 2024
Vincent O I have been a valued customer at…
I have been a valued customer at Dreamlease for numerous years and have leased a total of 5 vehicles through them. The quality of service they provide is truly exceptional, and their communication and the swiftness of the vehicle ordering process are incredibly efficient.
29 August 2023