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This option is an alternative to the traditional company car, where benefits accrue to both driver and company.
You make a cash payment to the driver to enable them to provide their own vehicle for business use. They then benefit from features
of a company without the resulting personal tax burden, and the company has no arrangements, administration or other financial commitments.
The driver enters into a personal agreement with us, and benefits from our purchasing power, competition rates of interest and low initial payment terms.
The fixed monthly payment includes a choice of a new or nearly new vehicle of their choosing, routine maintenance, servicing,
road fund license, and 24 hour roadside assistance.
At the end of the agreement the driver can opt to buy or return the vehicle to us.
You can reimburse the driver for business mileage as a legitimate business expense. |