THE CAR BENEFIT SCHEME TLP has teamed up with Tusker to bring you a fully inclusive motoring package through your employee benefits, which lets you choose a brand new fully maintained car.
How does the Car Benefit Scheme work? With the scheme, you agree to give up part of your gross salary in exchange for a non-cash benefit, in this case a fully insured and maintained brand new car. The benefit here is that you exchange the salary before your income tax and NI are deducted for a fully inclusive package with fleet and manufacturer discounts. However, as it is through your employer you will be liable for a Benefit in Kind tax, but this is all broken down in your net cost quote. The scheme includes all routine servicing and wear-and-tear maintenance, fully comprehensive motor insurance, annual Road Fund License, European breakdown cover, replacement tyres and even lifestyle protections.
Why is this better than getting a personal car lease? A personal lease price might look enticing but they often donʼt include VAT, servicing and maintenance, insurance, road tax, breakdown cover; all of which youʼd need to pay in addition. Plus, personal leases often include an initial upfront payment or deposit which effectively brings down the monthly payments but is a real cost.
Who can I speak to for guidance? Our Employee Engagement Team are Car Scheme experts, ready to explain how it all works and chat through the best car options for you. Call them on 0333 400 7431 or email EETeam@tuskerdirect.com
How long will my car take to arrive? This varies depending on which car you choose. Stock cars are available in as little as 6-8 weeks depending on how quickly we can get all the paperwork back from you and your employer. Want something more bespoke? With ‘Build Your Car’, you can choose the make, model, colour and all the extras to create your perfect car. Delivery varies depending on which car you choose but is typically 14-28 weeks. Once you’ve placed your order we’ll contact you with all the information along with an estimated delivery date.