Looking to get a leasing scheme at work. Currently looked at octopus but seem a bit expensive. Anyone have any recommendations?
They can all be much of a muchness if setup to favour the employee
- Pass on employer NI savings to the employee
- If possible recover VAT and pass that on to the employee. (depends on size of business as to what percentage that can be).
We went to 7 companies, but as we aren't that large a business, we tried to maximise savings to the employee, but found it still around 4% more than their exemplar prices for max savings, since the VAT recovery was reduced for our specific case.
We ended up with LoveElectric in the end, mainly as they (at the time) were top 3 in terms of pricing on a range of cars people had proposed and suited our CFOs comfort with liability etc.. They had loads of deals on pre Xmas, but those are much reduced now and honestly they seem just average, slightly cheaper than Octopus, e.g. Model Y RWD, Octopus £530, LoveElectric £506 for the exact same assumptions (you can save more or less than that depending on your circumstance and mileage/length of lease), pre-Xmas, those Model Y's where £420!
If you are larger, then approach a few, Lex Autolease (some, like LoveElectric are just brokers for them anyway), SelectCar, Tasker, etc..