Leasedrive Velo launches EnviroDrive

Vehicle management specialists, Leasedrive Velo have launched a new scheme to help fleets reduce both expense and environmental impact of their company vehicles.

Called EnviroDrive, the new system offers cost saving and environmental benefits to both employer and employee.

EnviroDrive works as a green car salary sacrifice scheme. With a buying trend towards more fuel efficient and lower polluting cars, the most attractive vehicles offered under the new EnviroDrive scheme are generally those with CO2 emissions of 120 g/km or less so employees can take advantage of the reduced ten per cent and 13 per cent Benefit in Kind (BIK) tax brackets introduced in the April 2008 budget.
Roddy Graham, commercial director at Leasedrive Velo Group said:

“It’s a win-win-win situation, with EnviroDrive offering significant benefits to employers, employees and the environment. From an employer standpoint, they pay a more tax efficient remuneration and reduced National Insurance (NI) contributions. It costs them nothing to introduce and is managed as a normal company car scheme. With the range of cars on offer under the scheme, EnviroDrive also ticks all the right green boxes by reducing the carbon footprint across the fleet and lowering fuel costs. It also improves employers’ corporate social responsibility standing, enhances their duty of care by eliminating ‘grey’ fleet risk and acts as a valuable recruitment and retention tool in the war for talent.

“Employees can enjoy the benefits of a company car at a lower than expected cost, with the savings on income tax and NI contributions outweighing their BIK contributions. They also enjoy the use of a more fuel efficient, fully serviced and maintained new car for two or three years backed by comprehensive insurance provided by the employer.”

For more information, contact Leasedrive Velo.

Author: Faye Sunderland, October 29, 2008
Filed under: Fleet management,Fleet news,General interest,Leasedrive Velo