Staff Purchase Schemes

Some companies prefer their employees to purchase their own vehicles and then charge their company for business miles - usually at civil service mileage rates. This is an effective way to ensure that the employee does not have to pay benefit-in-kind tax and that the company doesn’t have to outlay large amounts of cash in relation to vehicle purchases.

We can facilitate the purchase of the vehicle from the company and then lease it back to the employee.

There are a number of benefits to this sytem but there are also a number of considerations.

Please contact us for further information on these considerations.