Give your employees the right kind of benefit
- Complement existing benefits without increasing costs
- Attract and retain top talent
- NIC savings
- Simple, fully supported scheme set up
- Reduces carbon footprint
Strategic Advantages for Employers
Trusted By
Help your employees
Up to 60% saving on an Electric Vehicle – Allow them to lease a new or used EV and save up to 60% compared to personal leasing due to the savings from tax and NIC.
All-inclusive package – We offer fully comprehensive insurance and an all-inclusive maintenance package meaning everything is included in the cost and there are no hidden fees.
Making new vehicles accessible – Credit score can play a big part on an individual’s affordability for leasing a new car, with salary sacrifice, there is no credit check. Only HR approval on affordability.
Why choose Vavoom?
At Vavoom, we don’t just provide cars; we provide a complete vehicle management solution. With over 20 years of experience in the industry, we provide a scheme like no other.
20% more effective pricing
Replacement vehicle guarantee
Fully managed, end-to-end
Market-leading scheme uptake
Fully
managed
Employers managing traditional company cars handle admin, maintenance, insurance, and traffic fines. A salary sacrifice scheme through us transfers that burden entirely to our team, freeing up precious time and resources for your busy HR and payroll departments.
Attract & retain top talent
In today's competitive hiring market, a strong benefits package truly sets your business apart. Offering a cost-neutral scheme that allows staff to drive premium, modern vehicles for a small fraction of retail rates provides a powerful incentive for long-term employee loyalty.
Reduce carbon footprint
With growing pressure to hit ambitious ESG goals, transitioning employees toward low-emission transport is crucial. Incentivising electric vehicles through a salary sacrifice arrangement gives your business a tangible, effective way to actively lower its total corporate carbon footprint.
Employer NI savings
Tax savings extend directly to employers as well as staff. Because participating employees take lower gross salaries, businesses pay reduced Class 1A National Insurance contributions, yielding financial savings that can easily fund scheme administration or other business reinvestments.
Plenty of choice - New & Used
Common FAQs: What You Need to Know
What is a salary sacrifice car scheme?
A salary sacrifice scheme is an employee benefit enabling staff to drive a new car by sacrificing a portion of their gross salary, usually to lease electric vehicles. Any business can have a scheme, but the employer needs to sign up to the scheme in order to have it available to the employee.
Is a salary sacrifice car a company car?
In short, yes, a salary sacrifice car is classified as a company car for tax purposes in the UK. The main difference being the way it is paid for. Employees sacrifice a portion of their gross salary rather than the company paying 100% of the cost.
Why should I give my employees a salary sacrifice scheme?
A salary sacrifice car scheme is one of the most effective employee benefits. The scheme can be designed to be cost-neutral to the employer, or even cost-positive. This perk allows your employees to access a new vehicle and pay for it utilising their gross salary before tax and national insurance. Not only are there monetary benefits, but there are also environmental (ESG) benefits in encouraging your employees to adopt ultra-low emission vehicles, reducing the impact of your organisation on the environment.
What happens if an employee leaves?
We offer two comprehensive early termination protection packages to ensure there is minimal risk to the business during times like this. With a qualifying event the car would simply be handed back at no or little cost to the employee/employer.
How long does implementation take?
Depending on the business and terms implemented in the scheme, the duration can vary. It can be set up in as little as a few weeks.
What work is required from HR and payroll?
We ensure that there is minimal input from the business for our fully managed scheme. HR/Payroll will only need to ensure the monthly sacrifice doesn’t take the employee below minimum wage. All documentation and data is provided to support the customer.
Is there a minimum company size?
Some providers require a limit to how many employees are eligible before they would undertake the account. However, Vavoom does not require any minimum number of employees as we understand that every business is different, but wants to provide a great benefit.
How is risk managed?
Every scheme is different; however, at Vavoom, we offer two comprehensive early termination protection packages to ensure there is minimal risk to the business.
What happens during maternity, paternity, or long-term absence?
The only point that needs to be factored in is whether the employee’s wage will be affected during their time off; in those cases, we will need to ensure that the sacrifice does not take them below minimum wage. We offer two comprehensive early termination protection packages to ensure there is minimal risk to the business during times like this.
How are employees supported after ordering?
Our team is always on hand to ensure employees are supported every step of the way. The dedicated account manager can be contacted at any point in-life , whether that be 3 days, 3 months, or 3 years after delivery.
Are there setup fees?
No. Whilst some providers charge a business for the scheme, we understand that providing benefits to employees shouldn’t cost a business more money. Our schemes are designed to be cost neutral to the employer.
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Start your scheme today!
