Leasing a car and salary sacrifice

Leasing a vehicle is a great way of owning a car that you may not normally be able to afford. There are many advantages of leasing or renting cars and that is why this option is proving more and more popular. Hundreds of businesses lease cars for their employees which the option to change them every year or so. Some companies offer workers the chance to lease a car under a salary sacrifice scheme. This is when the money for leasing the vehicle is taken out of your wages before tax and NI therefore costing you less than it would should you have taken out a loan or had car finance.

The advantages of leasing a car are mostly cost and peace of mind. Often you will find that servicing and tyres are covered within your lease and sometimes even insurance. If your companies does not offer this then go to your local dealer and see what personal leasing deals they can do for you.