Advantages of a Car Salary Sacrifice Scheme

As the world gears up for a more sustainable future, companies are increasingly adopting employee benefits that encourage eco-friendly behaviour. One of these benefits is the car salary sacrifice scheme. This enables employees to save money on their monthly car expenses by allocating a portion of their pre-tax salary towards leasing a new car.

Car salary sacrifice schemes are becoming popular with employers, as they are an efficient way to reduce their carbon footprint, support the environment and their employees, all while maximising their corporate social responsibility (CSR) impact.

Here, we've outlined some advantages of car salary sacrifice schemes:

Cost-effectiveness:

Car salary sacrifice schemes are highly cost-effective for employees since they are able to lease a brand new car at a discounted rate. This is because their monthly payments are deducted from their pre-tax salary, which means that they could see savings of about 30%.

Reduced carbon footprint:

This benefit can help reduce the carbon footprint by encouraging employees to drive lower emission vehicles, thereby decreasing the impact of motoring on the environment. This is a step towards corporate sustainability and supporting the environment.

Health and wellness benefits:

With the scheme’s cost-effectiveness, employees could opt to lease a car that prioritises their health and wellness. They could choose cars with advanced safety features such as Collision Prevention Assist and Adaptive Brake Assist, as well as those with automatic braking in case of emergencies, reducing the amount of stress and anxiety on the roads.

Flexibility:

Car salary sacrifice schemes offer employees an extensive range of vehicles to choose from, giving them greater flexibility to decide on their ideal car for their daily living, such as fuel efficiency, space, size and features. This means that individuals can opt for a car that suits their lifestyle, making daily commuting and errands easier and more convenient.

Time-saving:

Employees can save time and hassle when it comes to their vehicles. Car salary sacrifice schemes cover all aspects of maintenance and repairs, leaving the employees to concentrate on just driving, without the added cost, time and effort of getting their vehicles serviced and maintained. This is a more convenient alternative to purchasing a car outright.

In conclusion, car salary sacrifice schemes are a beneficial employee benefit, promoting sustainability, corporate social responsibility, while supporting employee work-life balance with flexibility and cost-effectiveness. Employers who provide their employees with these schemes are not only creating happy employees but also contributing to a better environment, which is good for the planet, and their corporate image.

How can Lookers Leasing help?

At Lookers Leasing we know what a great benefit a car salary sacrifice scheme is, so we've developed an offering that stands out from the rest and makes the implementation of it in your workplace a breeze - welcome to a great scheme without limits

We have the only solution in the market that offers complete scheme, benefit, car and driver administration services, plus full support for you and your team.

Lookers Leasing offer a huge selection of cars, including an extensive electric range. This means your employees can choose the right car for them and their daily routine, with the high level service they've come to enjoy.

And with multiple ways to personalise your scheme, the benefits we deliver go unmatched.

To find out more about our car salary sacrifice scheme, please click below