Here’s a summary of Fleet Alliance’s key features, benefits and drawbacks of their EV salary sacrifice scheme:
| Company Experience | Over two decades in business fleet leasing, managing over 30,000 vehicles valued at £1 billion |
| Setup Cost | Free to set up and run |
| Main Benefits for Employers | Enhances benefits packages, aids talent retention, reduces corporate carbon footprint |
| Main Benefits for Employees | Reduced motoring costs, lower income tax, lower National Insurance contributions |
| Financial Savings | Save up to 60%, inclusive vehicle maintenance, no road tax on EVs |
| Included Services | – New electric car – Maintenance – Breakdown cover – Comprehensive insurance for up to 3 drivers |
| Eligibility | Businesses of any size can join. Employees must be permanent, meet salary limitations, and hold a valid UK driver’s license |
| Employee Credit Check | No personal credit check required |
| Contract Term | Minimum term of 24 months |
| Early Termination | Charges apply, with options like car reallocation or employer discretion to waive fees |
| Deposit Required | No deposit required |
| Number of EV Models Available | Access to all electric cars available in the UK market |
| Additional Benefits | – NIC savings for both employee and employer – UK breakdown cover – At-home charging package – Early termination insurance if an employee leaves |
| Customer Support Options | – Phone: 0345 601 8407 – e-Fleet Mobile app – Email: [email protected] – In-person at the Glasgow office during business hours |
| Fleet Size Categories | 1-24 vehicles: Tailored for smaller business schemes 25-99 vehicles: Schemes for medium-sized businesses 100+ vehicles: Comprehensive scheme management services for large companies |
| Special Features | – All-round support with dedicated account managers – Advanced calculator and tools for financial planning – Customised online portals for employers and employees – Competitive vehicle tendering to ensure the best rental rates – Expertise in EVs and comprehensive domestic/workplace charging solutions |
| Potential Drawbacks | – Potential additional costs for early termination – No public charging add-ons offered |
Fleet Alliance EV Scheme
Fleet Alliance has more than two decades of experience in the business fleet leasing industry, they look after an impressive fleet of more than 30,000 vehicles valued at over £1 billion. Their electric car salary sacrifice scheme is designed to offer businesses and employees a cost-effective and environmentally friendly way to lease new electric cars.
What’s Included in the Scheme
The Fleet Alliance EV salary sacrifice scheme is an all-inclusive package that offers the latest electric cars at incredible value. Here’s a detailed look at what’s included:
- Latest EVs with Massive Savings
Employees gain access to every new electric car on the market, making substantial savings. Salary sacrifice is one of the most affordable ways to lease a brand-new electric car. - Vehicle Maintenance
Servicing and maintenance are included, with costs covered in the monthly payment. - Insurance Provided
Fully comprehensive insurance can be added to the package. - Even More Benefits
- No upfront costs or credit checks required.
- UK breakdown cover included as standard.
- At-home charging packages are available.
- Early termination insurance can be added to help protect the business and employee if the employee leaves the company.
Eligibility for the Fleet Alliance Salary Sacrifice
Businesses of any size can join the Fleet Alliance Salary Sacrifice Scheme. For employees, eligibility typically includes:
- Employment Status: Must be a permanent employee of the participating company.
- Salary Limitations: Post-sacrifice salary must remain above the National Minimum Wage or National Living Wage.
- Service Duration: Some schemes may require a minimum period of service with the employer.
- Age Restrictions: Depending on insurance requirements, there might be a minimum age limit.
- Driver’s License: Must hold a full and valid UK driver’s license.
- Credit Check: No credit check required by Fleet Alliance.
Fleet Alliance Salary Sacrifice: Pros & Cons
Pros:
- All-Round Support
Dedicated account managers and personalised guidance for employees. - Advanced Calculator and Tools
Easy-to-use salary sacrifice calculator and vehicle chooser. - Customised Online Portals
Separate portals for employees and employers to streamline the process. - Competitive Vehicle Tendering
Ensures best rental rates by comparing prices across multiple sources. - Expertise in EVs
Member of EV100, leading the transition to electric cars in the UK. - Domestic and Workplace Charging: Comprehensive charging solutions in partnership with ScottishPower.
Cons:
- Potential for Additional Costs
Early termination can incur additional charges. - No Public Charging Add-ons
Unlike some providers, Fleet Alliance does not offer free public charging allowances.
Early Termination Protection
Fleet Alliance imposes an early termination charge if a participant exits the scheme before the end of the agreed term. However, several options may be available to mitigate this cost, depending on the employer’s agreement with Fleet Alliance:
- Purchasing the Car: Participants may avoid the charge by purchasing the car, subject to lender discretion.
- Alternative Arrangements: Employers might reallocate the car to another employee.
- Employer’s Discretion: Employers may choose to waive some or all of the early termination charges.
Customer Support
Fleet Alliance has a number of ways to be reached:
- Phone: Immediate assistance at 0345 601 8407.
- e-Fleet Mobile App: Support for current drivers via the app.
- Email: Queries can be directed to [email protected].
- In-Person: Visit the Glasgow office during business hours.
