
With the changes in company car taxation and the complexity surrounding the funding of company cars, we are able to offer advice in the following areas:
Where your company is considering cash options, i.e. conventional or structured PCPs, we can provide a complete consultation service covering all aspects of this area. There is also a provision for online tax modelling for employees, supported by individual advice.
You may often be approached by a contract hire or leasing company which will offer special terms in exchange for being made sole supplier. More often than not those terms will eventually become less competitive. You will find you are offered mileage pooling, shares in residual values and refurbishment recharges which will only apply above a specific threshold.
We have a number of partnership arrangements with 15 contract hire and leasing companies, all operating under the same terms. We also survey and benchmark those funders on a regular basis and are able to select the most competitive at any time or measure them over a 12-month period to determine which are the top 25% performers.
Our experience shows that if we take vehicles with a three- to four-year replacement cycle, replacing twelve vehicles over a three-month period generated savings in the region of £18,000.
Click here to see how the CO2-based car tax system affects company car drivers.