Looking for a new car to lease can be a stressful time. You need to budget, work out what you can afford & put aside money for it every month in order to keep up with payments. Regal Autolease can advise you on the many ways we can assist you in leasing a new car, one of the best being the salary sacrifice car loan.
In essence, a salary sacrifice scheme allows an employee to surrender a part of their salary in return for the employer’s agreement to provide a non-cash benefit – in this case, a new car. While sacrificing salary may seem a bad idea at first glance, in reality the reduction in salary would be going towards the car you would otherwise be paying for anyway.
Benefits to employees include the ability to potentially acquire a vehicle you may not have been able to afford otherwise, as well as saving you tax as your income is lower. In most cases, maintenance, servicing & insurance are all included in the scheme, so despite having to pay Benefit in Kind tax, in the long run this could be considerably cheaper than owning your own car.
If you would like to get in touch with us to discuss a salary sacrifice car loan, please utilise the form on our site. Alternatively you can call us directly on 0333 567 8888.
29th of July 2020
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Regal Garage (Bromsgrove) Ltd trading as Regal Autolease are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 787993
Registered in England & Wales with company number : 00554796 | Data Protection No : ZA140638 | VAT No : 111 4829 00
Registered Office : Prydis, Senate Court, Southernhay Gardens, Exeter, England, EX1 1NT
All vehicle images and descriptions are for illustration and reference purposes only.
All vehicle leases are subject to credit approval and subject to change at any time.
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