More and more small businesses are turning to business car leasing to fund their new business cars. It’s a simple way to acquire a new car on a regular basis without having to find a huge chunk of capital. So what are the benefits of a business car lease? And what are the drawbacks? You’ll find all the information here.
Alphabet’s new digital Salary Sacrifice offering is designed to appeal to both businesses and employees; businesses have the potential to save on car allowances and Class 1A NI, while their employees can ‘sacrifice’ a fixed amount of their pre-tax salary each month in exchange for a brand-new company car. Employees, particularly those who have previously taken cash allowances, can enjoy the freedom from ownership costs a company car brings as well as the opportunity to benefit from reduced tax rates, especially when it comes to electric and lower emission vehicles.