NHS Fleet Solutions is the UK’s original public sector salary sacrifice scheme, offering a brand-new car of your choice on a two or three-year lease.
How does a salary sacrifice car scheme work NHS?
The car lease is facilitated via a salary sacrifice system, whereby you agree to exchange part of your salary to gain additional non cash benefits from your employer. This will lower your salary and reduce tax and national insurance. Your pension is correlated to your income so you can see the relationship.
What is the NHS car scheme?
The scheme allows staff to lease a new car for three years and have all the costs taken from their pay. No deposit or credit checks are required and staff simply hand back the vehicle at the end of the lease and then decide if they want a new, replacement vehicle.
How long does it take to get a car from NHS fleet solutions?
Our selection of new and used vehicles, ready to drive from as little as 2 weeks.
Are NHS fleet cars brand new? – Related Questions
Do any car dealers offer NHS discount?
Can you get NHS discounts on new cars? Yes, lots of dealers and manufacturers offer discounts on new cars and these have increased since the Covid-19 pandemic. There are also plenty of offers and deals, such as free roadside assistance, for existing owners so it’s worth asking your local dealer what they offer.
Can you lease a car with the NHS?
As an employee of the NHS or the emergency services, you could be eligble for an exclusive NHS discount on your next car lease .
Can you have 2 cars on salary sacrifice?
Can I have more than one car under the car scheme? Yes, providing the overall amount of salary sacrificed does not take you below National Living Wage and subject to authorisation from your employer.
Does NHS offer salary sacrifice scheme?
The NHS salary sacrifice scheme naturally reduces the amount earned by the employee which means their salary can have the potential to fall below the minimum income. If they are paid below the national living wage for employees over 25, the employer will have to make up the shortfall.
How does car leasing work?
Leasing a car is similar to a long-term rental. You’ll generally have to make an upfront payment, plus monthly payments, and get to use a car for several years. At the end of the lease, you’ll return the vehicle and have to decide if you want to start a new lease, purchase a car or go carless.
Why Leasing a car is a good idea?
Car Leasing Pros:
You have lower monthly payments with a low — or no — down payment. You can drive a better car for less money. You have lower repair costs because you are under the vehicle’s included factory warranty. You can more easily transition to a new car every two or three years.
What happens if you crash a leased car?
If you total a leased car, you still owe the leasing company the value of the vehicle. When the vehicle is a total loss, your insurance coverage should reimburse you for its current worth. You’ll end the lease when the current value of the vehicle equals the remaining balance of the lease, and you break even.
Why are car leases so expensive now 2022?
New car leases are more expensive due to a significant change in market conditions. An inventory shortage is making it harder to find popular vehicles, and manufacturer incentives are down.
Is it cheaper to lease or finance a car?
Monthly Payments
Lease payments are almost always lower than loan payments because you’re paying only for the vehicle’s depreciation during the lease term, plus interest charges (called rent charges), taxes, and fees.
What is the downside of leasing a vehicle?
The obvious downside to leasing a car is that you don’t own the car at the end of the lease. That means you don’t have a trade-in if you decide to purchase a car. Consumers who routinely lease cars over many years may end up paying more than they would if they had initially bought the car.
What month is the best month to lease a car?
Most new models are introduced between July and October, so this is the time that you should try to lease to maximize your savings. 2) Holidays: Lease shoppers can find special dealership incentives during long holiday weekends, including President’s Day, Memorial Day, July 4, Labor Day, and Thanksgiving.
What is a disadvantage of leasing?
Disadvantages of leasing or renting equipment
you can’t claim capital allowances on the leased assets if the lease period is for less than five years (and in some cases less than seven years) you may have to put down a deposit or make some payments in advance.
Can you smoke in leased cars?
Answer provided by
There are usually no rules against smoking in a leased car, although it’s a good idea to check your lease contract first. Some dealers will charge a cleaning and maintenance fee if you return a leased car with smoke residue inside.
Why do companies lease rather than buy?
Leases are usually easier to obtain and have more flexible terms than loans for buying equipment. This can be a significant advantage if you have bad credit or need to negotiate a longer payment plan to lower your costs. Easier to upgrade equipment. Leasing allows businesses to address the problem of obsolescence.
What are 3 advantages of a lease?
This type of arrangement has several benefits that could make leasing a much better deal for you.
- Lower monthly payments.
- Less cash required at drive off.
- Lower repair costs.
- You don’t have to worry about reselling it.
- You can get a new car every few years hassle-free.
- More vehicles to choose from.
Who pays for maintenance on a leased car?
It’s entirely your responsibility to maintain the vehicle during your lease. That means covering the cost of repairs if needed and paying for services and MOTs, if applicable. As part of your lease agreement and following the manufacturer’s warranty’s terms, you have to keep the vehicle serviced.