NEW multimarque funder Select Lease by Mobilize is now offering salary sacrifice via a partnership with software provider SalSac.
Select Lease by Mobilize says the offering is a seamless, cost-effective solution that brings significant advantages to both employers and employees and assists the transition to electric mobility.
Available under the scheme are both electric and plug-in models with employee savings in the region of 28-60% less than the cost of privately leasing the same vehicle.
Under the partnership, SalSac will help with implementation, including employee and employer webinars, salary sacrifice quotations and scheme administration, making set up simple.
In the UK, salary sacrifice is the fastest growing funding method, according to the BVRLA. The association’s latest Leasing Outlook report shows that salary sacrifice has rocketed to a record 51% year-on-year growth.
“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 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.”
Automotive and fleet writer for Broker News
