Zenith EV Salary Sacrifice Scheme Summary

Here’s a summary of Zeniths key features, benefits and drawbacks of their EV salary sacrifice scheme:

Experience	Over 15 years of experience in providing medium to large-scale salary sacrifice car schemes.
Sustainability	Promotes eco-friendly electric vehicle options to help reduce carbon emissions and support ESG goals.
All-Inclusive Package
Brand-New Car	Replacement tyres
Comprehensive Insurance	Includes fully comprehensive electric car insurance.
Road Tax	Road tax is included in the package.
Scheduled Servicing and Maintenance	Regular servicing and maintenance are covered.
Replacement Tyres	Tyre replacement costs are included.
Breakdown Cover	Provides breakdown assistance.
Windscreen and Glass Cover	Covers windscreen and glass damage.
Accident Management	Includes accident management services.
Implementation Process
Consultation	Understands company requirements to tailor the scheme.
Setup	Integrates the scheme into existing HR and payroll systems.
Roll-Out	Assists in rolling out the scheme to employees with a tailored communication strategy.
Flexibility
Tailored Solutions	Customized to fit specific business needs and objectives.
Early Termination Options
Return the Vehicle	Early termination charge (higher of 40% of outstanding lease costs or four months’ lease payments).
Buy the Vehicle Outright	Option to purchase the vehicle at current market value after settling charges.
Transition to PCP	Option to transition the vehicle to a Personal Contract Purchase arrangement.
Customer Support
Phone Support	Call 0330 134 8792 for assistance.
Email Support	Send queries to [email protected].
Pros
Comprehensive All-Inclusive Package	Covers everything from insurance to maintenance.
No Deposit or Credit Checks	Accessible to more employees without upfront costs or credit checks.
Streamlined Implementation	Smooth setup and roll-out process.
Options for Early Termination	Multiple options for early lease termination.
Cons
Early Termination Fees	Significant charges for early lease termination.
Eligibility Restrictions	Varies depending on the organization’s specific arrangement with Zenith.

Zenith EV Scheme

Overview and Background

Zenith is a very well-known brand and a leading name in the leasing, fleet management, and vehicle outsourcing industry. With over 15 years of experience, Zenith has established itself as a trusted provider of medium to large-scale salary sacrifice car schemes.

Zeniths Comprehensive Scheme

The scheme provides a comprehensive package that includes:

• Brand-new car
• Fully comprehensive insurance
• Road tax
• Scheduled servicing and maintenance
• Replacement tyres
• Breakdown cover
• Windscreen and glass cover
• Accident management

Benefits to Your Business

The salary sacrifice scheme is a valuable addition to your employee benefits package, helping to attract new talent and retain existing employees. It’s designed to save costs, the scheme positively impacts your bottom line.

Zenith’s scheme is low-risk for your business, with provisions to protect against financial risks if employees leave or have long-term absences.

Straightforward Implementation Process

Zenith ensures a smooth and straightforward implementation process:

Consultation
Zenith starts by understanding your company’s unique requirements to tailor a scheme that aligns with your objectives.

Setup
Their team handles the setup process, integrating the scheme into your existing HR and payroll systems with minimal disruption.

Roll-Out
Zenith assists in rolling out the scheme to your employees with a tailored communication strategy to ensure maximum uptake.

Flexibility and Customization

Zenith’s consultation process ensures that the scheme is customized to fit your specific business needs and objectives. If circumstances change, such as an employee resigning, Zenith provides several options:

• Return the Vehicle
  Involves an early termination charge, which is the higher of either 40% of the outstanding lease costs or four months’ lease payments.
  
  
• Buy the Vehicle Outright
  Employees can purchase the vehicle at its current market value after settling any charges.
  
  
• Transition to a Personal Contract Purchase (PCP)
  Allows employees to keep the vehicle on a personal lease, subject to confirmation from Zenith.

Customer Support

Zenith offers good customer support channels:

• Phone: Call 0330 134 8792 to speak with a team member.
• Email: Send queries or requests for quotes to [email protected].

Pros and Cons

Pros:

• Comprehensive All-Inclusive Package
  This covers everything from insurance to maintenance, providing maximum convenience.
  
  
• No Deposit or Credit Checks
  Accessible to more employees without upfront costs or credit checks.
  
  
• Streamlined Implementation
  Ensures an easy EV scheme setup and roll-out process.
  
  
• Tailored Solutions
  Customized to fit the unique needs of each business.

Cons:

• Early Termination Fees
  Significant charges apply if terminating the lease early.
  
  
• Eligibility Restrictions
  Varies depending on the organization’s specific arrangement with Zenith.

Final Verdict

The Zenith Salary Sacrifice scheme offers a comprehensive, all-inclusive package that covers every aspect of vehicle ownership, from insurance to maintenance. The scheme has a user-friendly implementation process and provides tailored solutions for businesses.

There are early termination charges, and there are responsibilities involved if choosing to buy the vehicle or switch to a Personal Contract Purchase.

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