If your company offers your employees a cash allowance, you have associates who don’t qualify for a company car or you are simply considering offering a new company benefit, then Personal Leasing, may be the right choice for your business.
Previously known as ‘Lets Lease’, Personal Leasing from Pendragon Vehicle Management offers a bespoke employee car scheme where your employees can get a new car on a personal contract hire agreement direct with us. That means no company car tax and no admin for your business. Your business just simply has to launch the scheme, it couldn’t be easier.
Reasons to choose Personal Leasing
No company car taxPersonal Leasing from Pendragon is a car benefit scheme where you can offer your employees a brand-new car on a personal contract hire agreement. The benefit of this is that there’s no company car tax to pay and no need to worry about early terminations should the employee leave the business.
Straight forward and convenientThe scheme is completely free for your business to set-up and there’s significantly less administration involved compared to salary sacrifice and ECO schemes. All you have to do is launch the scheme, whereas salary sacrifice for instance requires each order checking to ensure that employees’ salaries don’t fall beneath the national minimum wage.
For employees, they’ll make convenient monthly rentals that allow for easy budgeting. These rentals also include Road Tax, which is one less thing they’ll need to worry about arranging. At the end of the contract, the employee can hand the vehicle back and simply choose a new car.
Lots of choiceThe choice of vehicle on offer is also much greater than what you might find in a traditional company car scheme with over 20 manufacturers to choose from and exclusive vehicle offers only available to our Personal Leasing customers.
Go greenPersonal Leasing offers your employees the opportunity to get a brand-new car. New cars feature the latest in fuel efficiency technology, making them cleaner than ever before - particularly with manufacturers striving to hit emission targets, offer more and more alternative fuel options and improve vehicle technology.
By actively promoting greener vehicles to your employees, you can help project a greener image.
Duty of careIf an employee uses their own car for business use, then there is a grey fleet risk to your business. By offering Personal Leasing, you can encourage your employees into a brand-new car that comes with all of the latest safety technology such as automatic braking systems and lane-departure assist.
Personal Leasing works particularly well when combined with our risk management program, where you can ensure that your drivers are fit to drive for your business.
Improve retention and motivationBenefits are increasingly becoming a point of differentiation when attracting and retaining employees. Personal Leasing presents an affordable alternative to company cars and salary sacrifice whilst still enabling employees to get a new car.
A well-communicated, well-launched Personal leasing scheme can help make employees more motivated in their work, and feel valued.