Question: How does the NHS car lease scheme work?

Is NHS a car lease?

The NHS car scheme is available to all permanent staff and their families. The scheme allows staff to lease a new car for three years and have all the costs taken from their pay. … This in turn means that staff would pay less tax, national insurance and pension contributions.

What cars can you get on NHS scheme?

NHS staff can get discounts on a range of car brands from Motorfinity with the Blue Light scheme. These include Abarth, Alfa Romeo, Audi, BMW, Citroen, Fiat, Ford, Hyundai, Jeep, Mazda, Mercedes-Benz, MG, MINI, Renault, SEAT, Skoda, Vauxhall and Volkswagen.

How does a car leasing scheme work?

Leasing a car is effectively long-term rental – you pay a fixed monthly fee to use the car for an agreed time period and number of miles. You might need to pass a credit check to secure your agreement.

What is a car lease scheme?

The scheme is a car lease scheme and is designed to allow employees to access a car of their choice at a very attractive price. The car lease scheme helps us to support staff in their role of providing a high standard of patient care by enabling them to access the benefits of working in a large NHS organisation.

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Is it ok to lease a car?

Leasing a car has potential benefits that may appeal to some drivers: Lower monthly payments: Monthly payments for a car lease are usually lower than monthly car loan payments, so leasing could mean spending less money each month to drive the same car. … When you lease, upon the end date, you simply return the vehicle.

What does it mean when a car is fleet?

A fleet vehicle is a type of car that was owned or leased by a business, government agency, or other organization. Simply put: it was a commercial vehicle, never owned by an individual or family.

Does Arnold Clark give NHS discount?

Simply book online and enter the code ‘NHS’ at the checkout to receive your 15% discount. You’ll just need to bring an ID card or proof of employment to the branch when you collect your vehicle.

What is salary sacrifice NHS?

What is the salary sacrifice scheme? The way the NHS salary sacrifice scheme is designed means that a worker gives up a proportion of their salary in exchange for non-cash related benefits. For some, this can provide support with sometimes costly outgoings such as childcare and the expense of running a car.

Does Kia do NHS discount?

New Kia Purchases by NHS workers

For all NHS Staff who are looking to purchase a new Kia, you will now be eligible until the end of the year to receive your first 2 Services free with our Kia Care plan. This can be activated by your Kia dealer at the time of purchase, just show them your NHS Photo ID.

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Is leasing a car a waste of money?

With leasing, you don’t have any ownership rights to the car. … You don’t normally earn equity when you lease, typically because what you owe on the car only catches up to its value at the end of a lease. This could be viewed as a waste of money by some, since you’re not gaining equity.

Is salary sacrifice car leasing worth it?

Is a salary sacrifice car lease right for me? Salary sacrifice can be a great option for employees looking for a cheaper way to drive a new car. Provided you’re not on a minimum wage contract, you can get all benefits of a new car every 3 or 4 years, without the extra cost.