Pendragon Vehicle Management unveils new car scheme
20 August 2018
Author: Sean Keywood
A new employee car scheme has been launched by Pendragon Vehicle Management (PVM).
The firm says its new Let's Lease scheme allows the provision of a new car with no financial risk to the employer, and no benefit-in-kind (BIK) liability to the employee. This will be available to all workers whose companies are supportive of such a facility.
An online portal allows employees to browse a range of vehicles, build and customise their vehicle specs and obtain a personalised quotation.
Once they are satisfied, the vehicle will be ordered by PVM - subject to credit - and supplied on a Personal Contract Hire agreement.
PVM offers either minimal advance payments or, alternatively, larger advance payments that reduce the subsequent monthly rental cost.
It says the scheme is ideal for either cash allowance employees, or other employees who are no longer enjoying generous benefits derived from a car salary sacrifice scheme.
Monthly rentals start from £123 per month including VAT.
PVM divisional managing director Neal Francis said: "At no cost to the employer, Let's Lease is the ideal way for a business to offer its employees the use of a brand new car.
"Employee car schemes increase employee motivation and retention, offering genuine cost savings. As part of the UK's leading online motor group, PVM already has over 600 vehicles across 24 manufacturer brands on offer, with immediate access to 21,000 stock vehicles.
"Let's Lease is the perfect car scheme for any business."