Salary Sacrifice Scheme
A salary sacrifice scheme allows you to exchange part of your gross salary for a brand new vehicle of your choice. This arrangement offers significant tax advantages since you pay for your car from your pre-tax salary.
Our business experts can provide you with the best finance options to suit your needs, including bespoke packages.
Whether you're choosing your first company car or reviewing your current options, it's important to understand how the right vehicle – and the right funding method – can make a real difference to your monthly costs, tax liability, and overall driving experience.
At Lloyd Motor Group, we’re here to help you navigate everything from car allowances and salary sacrifice schemes to Benefit-in-Kind (BIK) tax, electric vehicles and more. With a wide selection of brands and expert advice tailored to your circumstances, we’ll help you make the most of your company car entitlement.
There are several ways you might be eligible to drive a company vehicle, depending on your employer’s policy and your personal tax position.
Some drivers select their car from a company-approved list, often based on role or grade. Others might be offered a monthly car allowance to fund their own vehicle. Increasingly, employers are introducing salary sacrifice schemes – a tax-efficient way to drive a brand-new car at a lower cost than you might expect.
If you're unsure which applies to you, or which is most cost-effective, we can help clarify your options in simple terms.
A salary sacrifice scheme allows you to exchange part of your gross salary for a brand new vehicle of your choice. This arrangement offers significant tax advantages since you pay for your car from your pre-tax salary.
Your employer maintains their own company car list with pre-approved vehicles for business and personal use. This traditional benefit offers you a company-owned vehicle that aligns with your professional requirements.
At Lloyd Motor Group, we represent some of the most trusted brands on the road today – including BMW, MINI, Land Rover, Volvo, Kia, and Volkswagen – with a broad selection of vehicles available for company car drivers.
Ready to explore your company car options? Here's how to proceed:
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