All you have to do is just add fuel!
TCH Salsa is a scheme which enables employees to acquire a brand new car every 2 or 3 years under a Salary Sacrifice arrangement with their employer.
By agreeing to a reduction in your salary which goes towards paying the monthly rental for your car, you can save an amount of tax and national insurance on the remainder of your salary.
Although you have to pay company car tax, because the use of the vehicle by your employer is classed as a ‘benefit in kind’, the tax and NI savings often outweigh the company car tax.
Every vehicle supplied on the scheme includes road tax, all routine servicing and maintenance, breakdown cover, all tyre replacements, and fixed premium, fully comprehensive insurance (with up to two additional drivers if required) for the whole of the Salary Sacrifice scheme contract.
All you have to budget for on top of this is your fuel!
New car every 2 or 3 years>
There is no deposit to pay for your car>
No Credit Check is required>
Includes servicing & repairs>
Tyre replacement & Repair>
Free Breakdown cover>
Add additional drivers>
Fully comprehensive business insurance>
New RENAULT ZOE HATCHBACK
65kW i Dynamique Nav Q90 40kWh 5dr Auto
Available for immediate delivery in a choice of metallic paint colours!
Gross salary deduction - £488.16 per month
Income tax saving @ 20% - £97.63 per month
NI saving @ 12% - £58.58 per month
Company car tax payable* - £4.87 per month
Total net salary reduction = £336.82
(saving £151.34 per month due to salary sacrifice arrangement)
Everything is included except the fuel!
*company car tax based on delivery from April 2022
Figures based on 20% taxpayer, 3 year contract, 8,000 miles per annum inc all maintenance, servicing, tyres, breakdown, fully comp insurance fixed for 3 years. No deposit required.