- New Select Lease by Mobilize partnership with SalSac launches a forward-thinking Salary Sacrifice scheme. It allows employers to offer their employees access to electric vehicles (EVs) with no initial deposit or credit check. For employers, there are no set up costs and no minimum take up.
- Salary Sacrifice take up has rocketed to a record 51% year-on-year growth as shown in the latest Leasing Outlook report from the British Vehicle Rental and Leasing Association (BVRLA). According to the association, Salary Sacrifice continues to be the fastest growing leasing product.
- Select Lease by Mobilize is a leasing brand operated by Mobilize Lease&Co UK Ltd in the UK fleet market. It offers a range of multi-brand car and van offers and services for private and business customers.
ONE of the newest leasing companies to the market, Select Lease by Mobilize, has teamed up with SalSac, a Salary Sacrifice software provider, to introduce an innovative, zero-cost car leasing scheme.
The seamless, cost-effective solution brings significant advantages to both employers and employees, says Select Lease by Mobilize, providing an efficient solution to make the transition to electric mobility both easier and more affordable.
Partner SalSac will help with implementation, including employee and employer webinars, Salary Sacrifice quotations and scheme administration.
“At the core of this groundbreaking initiative is the zero-cost structure for employers. Select Lease by Mobilize makes sure companies can launch their schemes without incurring any setup or ongoing fees. There are no minimum company size requirements, making this salary sacrifice accessible to more businesses across the spectrum, from SMEs to large enterprises. In addition, the offering includes valuable optional features such as motor insurance, early termination insurance, and the option for fully fitted home EV chargers, all of which contribute to a hassle-free experience,” commented Jonathan Smith, General Manager of Select Lease by Mobilize.
“This partnership marks a pivotal moment in the evolution of Salary Sacrifice car leasing schemes. By
What is Salary Sacrifice?
Salary Sacrifice allows employees to exchange part of their salary for a leased car, a new electric vehicle (EV) or plug-in hybrid (PHEV), offering financial benefits to both employees and companies. Savings are normally in the region of 28-60% less than the cost of privately leasing the same vehicle, says the leasing company.
offering zero-cost access for employers combined with comprehensive benefits for employees, Select Lease by Mobilize is at the forefront of driving sustainability and economic resilience in the UK. With a tailored customer experience, we’re able to create customised solutions that boost employee satisfaction and business efficiency.”
Richard Quilter, Head of Development at SalSac added: “This collaboration combines SalSac’s specialist knowledge in salary sacrifice leasing with Select Lease by Mobilize’s steadfast dedication to cleaner electric vehicles. At a time when households across the UK are feeling the pressure of rising living costs, we are committed to offering businesses, especially SMEs, affordable and sustainable benefits that have a real impact.
“By working together, we aim to empower businesses and their employees to adopt greener, tax-efficient transportation options, ultimately advancing the UK’s progress towards a more sustainable future.”
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