To qualify for a company car, employees usually have a permanent position within the business and have a regular work pattern.
Company Car Drivers
Our business experts can provide you with the best finance options to suit your needs, including bespoke packages.
Regardless of whether you lease one vehicle or a fleet of a hundred plus, we can help you increase driver safety and satisfaction, and take the burden of fleet management off your shoulders.
If you are a company car driver, you deserve a car that meets your needs and expectations. A car that is comfortable, safe and reliable. A car that saves you money on tax and fuel. A car that makes you happy every time you drive it.
That's why we are here to help you find your perfect company car solution. We have a wide range of vehicles to suit your budget and preferences. From plug-in, all-electric and hybrid models to compacts and SUVs, we have something for everyone.
Our business experts are ready to assist you with any questions you may have about finance options, running costs or tax implications. We can also offer you bespoke packages and award winning service to make your experience hassle-free.
Don't settle for less when it comes to your company car. Choose us and enjoy the benefits of low running costs, innovative tech and a whole lot of fun behind the wheel.
Our dedicated Business Development Managers are on hand to answer your questions and help you find your perfect company car solution. Our business experts can provide you with the best finance options to suit your needs, including bespoke packages.
If you’re thinking about setting up a company car scheme but don’t know where to start, please reach out to your local business development manager at Lloyd Motor Group. Browse all of our locations to find your nearest retail centre.
Request a Call Back
How Does a Company Car Scheme Work?
Once employees join the scheme, their wages must not drop below the national minimum wage.
A company car is considered a privilege that is paid for by the employer, this is a benefit on top of their annual salary, and as such, employees who enter a company car scheme must also pay Benefit-In-Kind (BIK) tax.
If your company car scheme includes fuel, employees will also need to pay tax on their annual fuel allowance.
The amount of tax owed on company cars is based on carbon dioxide emissions and the list price. Different rules apply according to the type of fuel used. Rates may go up or down over different tax year.
Our business vehicle experts can provide you with the best finance options to suit your needs, including bespoke packages.
What are the benefits for company car drivers?
As the vehicle is leased through the business, the employee is not personally tied into a financial contract.
It is the company's responsibility to make sure the monthly payments are made on time, as well as any maintenance, servicing or MOT obligations.
If you are driving a company car, your employer will usualy cover insurance, car tax, servicing and maintenance.
Some companies also include a car fuel benefit, which often makes fueling your car cheaper, as fuel rates are based on a flat rate.
Tax rates are usually a small percente of a cars final cost.
This tax amount will be calculated from the vehicles CO2 emissions, fuel type and income tax rate.
Tax rates on electric and hybrid vehicles will be lower than other fuel types.
A company car scheme is a great way to attract and retain members of staff.
A company car is an excellent way to show your current employees that you appreciate their hard work and set an example for new employees.