Salary Sacrifice
Salary Sacrifice
Salary Sacrifice is a fast-growing route to new vehicle ownership. This is an employer offered scheme, making individuals savings on income tax and NI contributions, when the vehicle is bought through your employer. A Salary Sacrifice car is a car you lease from a third-party supplier that has partnered with your employer. The cost of the car is deducted from your salary each month before you are taxed.
Which Honda vehicle is for you?
Meet the full range.
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Self charges - no need to find a charging station
Driving range of 460 miles on a full tank
Excellent for urban driving and commuting
P11D from: £31,230
CO2 from: 122g/km
BIK from: 29%
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Self charges - no need to find a charging station
Driving range of 590 miles on a full tank
Excellent for urban driving and commuting
P11D from (PHEV only): £53,940
CO2 from: 18g/km
BIK from: 8%
Pure Electric Driving (P:HEV only): 50 miles
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Zero Driving Emissions while driving
Charge up to 80% in approximately 45 minutes*
310 Nm of torque
15.1" Infotainment System - with Android Auto and Apple CarPlay
P11D from: £39,940
BIK: 2%
Fully Electric Driving: Up to 256 miles**
*Charge time measured 10%-80% on a 100kW charger
**e:Ny1 WLTP data
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Self charges - no need to find a charging station
Advanced hybrid technology effortlessly switches drive modes
All grades come with the latest in-car technology, entertainment system and connectivity
Excellent for urban driving and commuting
Advanced Honda SENSING safety array as standard
P11D from: £26,645
CO2 from: 102g/km
BIK from: 25%
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Self charges - no need to find a charging station
Driving range of 521 miles on a full tank
Offers 4 driving modes to suit your preference
Excellent for urban driving and commuting
Up to 1,220 litres boot capacity
Class-leading cabin space with soft-touch materials for a modern finish
P11D from: £34,765
CO2 from: 108g/km
BIK from: 26%
-
Zero Driving Emissions while driving
Charge up to 80% in approximately 45 minutes*
310 Nm of torque
15.1" Infotainment System - with Android Auto and Apple CarPlay
P11D from: £39,940
BIK: 2%
Fully Electric Driving: Up to 256 miles**
*Charge time measured 10%-80% on a 100kW charger
**e:Ny1 WLTP data
Alternative ways businesses are financing their fleet
1. This is where an employee has a cash allowance added to their salary, so they are free to lease or buy a vehicle of their choice.
2. Great flexibility
3. Responsibility sits with the employee for insurance, maintenance, servicing, and other costs.
4. Cash allowance vehicles make up part of what is known as the “grey fleet” (this covering all privately owned vehicles that are used for business travel.
Salary Sacrifice
1. Employer run option.
2. Employee chooses to use some of their salary before it is taxed in exchange for the use of a brand-new car.
3. Pre-tax paid lease, so no NI and income tax paid on these earnings.
4. This allows employees to fund a more expensive
car then that they might have otherwise chosen.
5. Insurance, maintenance, tyres and breakdown cover are included in most salary sacrifice schemes.
6. As these vehicles are generally used for work purposes it provides comfort to employers that their duty of care obligation is met, and the employee is in a safe maintained vehicle.
Employee Car Ownership Schemes (ECOs)
1. Structure ECO scheme, alternative to car or cash allowance.
2. No company car tax for the employee.
3. Very tax efficient for both the business and employee.
Get in touch
Our dedicated experts will be happy to take you through all of the many ways Honda can help you.
