Company Car Allowance

Many employers have scrapped their company car schemes and have opted to pay their employees a Car Allowance. This benefits the company by removing the “Whole Life Costs” of operating and administrating a company car. For the employee it removes any tax liabilities.

Employees have a number of ways of getting a car, using this cash alternative. Many opt to take the vehicle on a PCP (Personal Contract Purchase) but many over look the benefits of running a Short Term Leasing vehicle.

Of course employees can use their salary to buy a car or take out a more traditional 2 or 3 year lease. But what if its a new role and they are not sure whether the job is for them?

Short Term Leasing can offer the employee a car to take on a flexible contract with a minimum temr of just 3 months, which rolls on 28 days thereafter until the required notice is given. Even better, is that Short Term Car Leasing Ltd can switch them into a purchased or a traditional lease though its sister company Cocoon Vehicles and keep them in the Short Term Leased car until the vehicle is delivered.

Their are many benefits to the Short Term Leasing product  for the Company Car Opt Outs, as explained in the highlighted link.

If you would like to discuss this further, please call the STL team on 0330 330 9425.

 

Short Term Car Leasing Ltd t/a Cocoon Vehicles Ltd (06113683) is authorised and regulated by the Financial Conduct Authority (711074). We act as a credit broker not a lender. We can introduce you to a limited number of lenders who may be able to offer you finance facilities for your purchase. We will only introduce you to these lenders. We may receive a commission payment from the finance provider if you decide to enter into an agreement with them. You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations. If you would like to know how we handle complaints, please ask for a copy of our complaints handling process. You can also find information about referring a complaint to the Financial Ombudsman Service (FOS) at financial-ombudsman.org.uk

 

For complaints information when a transaction is completed online, please access the Online Dispute Resolution platform at http://ec.europa.eu/consumers/odr