Salary sacrifice is making headlines – but BCH remains good business
No question: salary sacrifice is storming ahead. In our latest analysis of BVRLA data, salary sacrifice has seen a 63% growth. And for those invested in the funding method, it’s certainly good business. But salary sacrifice is not for everyone. I was talking with a broker last week, and they told me that, yes, they had salary sacrifice if clients wanted it, but it took a lot of investment in time to see a return. Instead, their real focus remained on fleet. Not such a bad decision: in the same survey EVs account for over 40% of new vehicles as company car drivers seek the benefit of lower taxation and a greener driving experience. But either way, fleet and corporate are delivering for brokers right now.
Ralph Morton, editor
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Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.
