How TCH Salsa Can Help You Get Behind the Wheel of Your First Brand New Car

There’s something unforgettable about the moment you sit in the driver’s seat of a brand new car for the very first time. The scent of fresh fabric, the shining gleam of untouched paintwork, and the velvety hum of a pristine engine. 

For many, owning a new car has long felt out of reach, something just outside of the financial comfort zone. However, thanks to salary sacrifice schemes (like the one provided by TCH Salsa), this dream can become a reality. We’re seeing firsthand how this innovative approach is transforming the new vehicle landscape by giving people access to their first new car in a way that’s affordable, tax-efficient, and simple.

Recent data has shown that around 80% of people joining salary sacrifice vehicle schemes were selecting their first ever new car. This is an exciting statistic showing how salary sacrifice its breaking down barriers around car ownership. What was once considered a beyond budget luxury is now becoming a reality for every day employees like you.

But why are more people are driving their first new car thanks to salary sacrifice schemes?

No credit check

With traditional car financing or bank loans, a credit check is often the first hurdle - and for many, it’s a deal breaker. Whether it’s due to poor credit history, past financial difficulties, or simply being new to the UK, a limited credit score can shut the door on new vehicle ownership.

With salary sacrifice schemes, there’s no credit check required, as the cost of the vehicle is deduct directly from your gross salary. This makes it a low risk arrangement for providers, and a high opportunity solution for workers. 

Fully inclusive package

For many, the idea of leasing a new car can feel overwhelming. Having multiple direct debits and payments for car insurance, road tax, breakdown cover, and any servicing costs can put people off with the admin alone. 

However, with a TCH Salsa, the following is all included in one monthly deduction for your car, meaning no hidden costs and no surprises:

• Fully comprehensive insurance

• Servicing and maintenance

• Breakdown assistance

• VED (road tax)

Save money on income tax and National Insurance payments

As the cost of the car is taken from your gross salary, before tax and National Insurance, you end up paying less in deductions overall. This often makes salary sacrifice more cost-effective than taking out a personal lease or buying a car outright.

More affordable than ever to drive an EV

The recent Government backed EV Grant is making electric vehicles available on TCH Salsa even more affordable, and we’re passing these savings down to you. For example, a £3,750 grant spread over a 36-month lease can cut monthly payments by around £104.

Driving a brand-new car for the first time is more than just a moment, it’s a milestone. Thanks to salary sacrifice schemes like TCH Salsa, that milestone is now within reach for more people than ever before. With no credit checks, fully inclusive packages, and significant savings on tax and National Insurance, the walls around new car ownership are coming down.

Speak to us today to start your new car journey.

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