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Businesses have been using company cars as an employment incentive for many years; it often was the carrot in encouraging an employee to take a job.
Whilst providing transportation for employees continues to be a popular incentive, a growing number of employers are opting to offer a cash allowance for cars (cash for car), which put simply is a salary enhancement for the provision of a company car.
The fundamental difference between a ‘company car’ and a ‘cash for car’ allowance is that the driver is driving their own vehicle whilst receiving a mileage-based incentive from their employer.
The official scheme name is IRAMR - Inland Revenue Authorised Mileage Rate, which means that employees can lease through a range of different leasing agreements.
Ultimately the best aspect about a cash allowance is that it is tax-free; an obvious and very popular benefit for cash allowance users.
If you have a cash allowance and are looking for a car to lease, please call 01527 571 610 to get the latest business car leasing deals from Windmill Leasing.
All car leasing offers on this website are based on 36 month / 10,000 miles per annum contract hire term with the stated number of rentals in advance. All prices exclude VAT. Images on this website are for illustration purposes only. Some vehicles will have lower rentals based on the term of lease and the amount of your initial payment. Configure your vehicle to find the best prices or call 0800 121 4020 or email sales@windmillleasing.com for the best prices on contract hire deals. Windmill Leasing is a trading name of Agility UK Ltd. Registered Office: Meridian House, Saxon Business Park, Bromsgrove, B60 4AD.