Scheme Overview

The Scheme

The {{genericTags.primaryManufacturerName}} Employee Car Ownership Scheme is an employer-sponsored alternative to traditional company car benefit.

The scheme provides the opportunity to receive your car benefit without being subject to company car tax.

Importantly, the scheme is structured to offer the employee an attractive benefit whilst meeting the day to day operational needs of the business. The scheme is tailored to the specific needs of both the employee and the employer.

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Key Features

The following components are features of the scheme:

• 6 month agreements
• Low monthly contributions
• No employee early termination penalties
• Simple operation
• Available to eligible employees*
• No impact on your credit score

*Excludes those individuals who are currently filed as bankrupt or for whom bankruptcy proceedings have already commenced, those individuals who are legally prevented from accepting new credit and those individuals who are subject to conditions under an IVA.

**Please see Scheme FAQs in the Help Centre