Zenith Salary Sacrifice Scheme

The lease provider also doesn't get the net amount, they pocket the gross salary sacrifice - enabling them to undercut the market place in net price but keep their much more healthy gross payments. I've run comparisons every time the car is up for renewal and always ended up back on the scheme.
 
Leasing works if you want a better car than you can afford to buy outright. The downside is the [potential] higher cost involved.
I know people at work that are paying £800+ a month to drive around in fully loaded Audi A5 2.0 TDi's, which they will hand back after 3 years.
 
Thanks for the replies. If it's around £250 for a fiesta it may well be worth it for me.

Insurance is the stinger for me now, moving to a higher risk postcode has put it back up to £1200 (4 years NCB 22 Years old) On my Mondeo.

I can't really afford to drop a load onto a new car right now and one big bill on my current car (such as 3 injectors which will need doing in the next 10-15k) will cost me a fortune anyway so looking to switch one way or another.

So £1200 insurance + £160 Tax + £100 MOT + Service, + £300 a year tyres means the company car may well work out cheaper.

If it wasn't for the insurance it would be much better of course.
I think i'll have to have a look for quotes on a different car with my new postcode.

Suggestions for a medium+ size car with boot room for a dog that won't be extortionate to insure?
 
I was all set to get a company lease car, until I sat down and worked out the costs.

Would have ended up being about 650 to 700 a month worse off if I'd have taken the 320d I was looking at.

That was lease cost plus cc tax as well as the fact I'd be losing the tax relief based on mileage payments (that alone worked out about 150 a month).

So ended up just running my own cars, which yes have all been old things but they have hardly cost me anything really.

A bonus with the latest one is due to it being over 2 litre I get more in mileage payments :)
 
Don't think i'll get any milage payments as it's not a job i need an awful lot of travel, or it will be in pool cars and petrol paid for on company card.

Going to have to look into it a bit more when i get there and work out total costs. For not it will be better to bite the bullet and pay the insurance increase then work out about changing car once i know the full details.
 
Late to the party here but I'd thought I'd try and reignite this conversion given people's experiences and perceptions can change in 5 years.
I am considering a lease car through work with Zenith but I think for me, I would get more enjoyment in the long term taking out a personal loan over 6+ years and buying a second hand car I would actually be proud to own. Been looking at 2014 BMW 4 series' for about £15k which would cost under £200/ month if taken over 6+ years. My thinking is, enjoy a nice car before I am saddled with kids and family commitments with the option of selling or exchanging the car at any moment if needed.

Anyone got any other opinions they would like to add?
 
Just had a look on the Land Rove Statstone website and you can get a Velar on PCP for £499 a month. Granted you'll never actually own the car unless you pay the £52000 at the end of the 48 month contract, but surely this makes these company lease schemes obsolete?
 
They generally are rubbish in my experience. A free decent offers come through though and the insurance included can be useful.

They changed ours recently and you lose a bit of the salary sacrafic benefit

I nearly got a seat Leon. Then worked out a e92m3 would cost similar over two years
 
Deleted the begging posts. Don’t be surprised if you get permabanned for spam with that sort of post, so I’d advise not asking for money on the forum.
 
Whilst not commenting on the specifics of Salary sacrifice schemes, generally if you are entitled to a car allowance then unless if you are doing a high mileage (15K+) then Personal Leasing can offer some amazing cars, especially if you are prepared to be flexible on colour model for their special “stock” deals.

Owning a car, especially one that is expensive and outside of its manufacturer warranty can be a risky game. Also purchasing used generally means either paying extortionate interest rates, usually 6.9%-10.9% APR, whilst a Personal Loan offers cheaper rates for those with good credit you can end up with multiple loans for a car that’s £20K+.

Another factor as well as is that PCP deals for new cars are not so tied into your credit score, so they take people that would often get rejected for a low APR personal loan. With a PCP you are responsible for servicing, tyres, road tax (£310 surcharge on cars with a list price of over £40K registered after April 2017 for first five years), but you don’t have the depreciation risk of what the car is going to be worth at the end.

Personal leasing includes the Road Tax and you can opt for a maintenance package covering servicing, tyres, and even in some cases an extended warranty.

These days cars have become more of a utility, it’s just a monthly expense, so to me personal leasing or PCP schemes can offer great value for money, just watch the interest rate on PCP deals on expensive cars, since you are not repaying the whole amount the interest soon adds up.

I am driving a 67 plate BMW 520d M Sport that lists at over £53K on a PCP at 1.9% APR for £450 a month over 4 years with a £4K deposit, since it is loaded with optional extras a PCP worked out cheaper as negotiated a £10K+ discount, with a further £4K deposit contribution from BMW and included in the costs is the Servicing Pack for five years.
 
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