What is usually included in a Car Salary Sacrifice arrangement?
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.
What Can Be Included
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.
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Billal’s commitment to putting our interests first was clear from start to finish. Thanks to him, we’re now driving our dream car, and moving forward, I’ll only ever go to Billal for any future lease vehicle needs. Thank you so much for your unwavering support and fantastic service!Date of experience: 16 January 2025
Aaron at Dream Lease was very helpful sending me quotes for 4 options I wanted to consider on the same car. He explained everything to me with a pleasant and professional manner. Haven’t got the car yet, 2 weeks from order date, but the whole process so far was great!
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