Zenith Provecta predict salary sacrifice demand set to soar
Having seen an increase in demand already during 2011, Zenith Provecta predict this rise to continue as increased understanding in the benefits of salary exchange schemes also grows.
Ian Hughes, Commercial Director for Zenith Provecta, explains: “Growth in demand has been noticeable across all industries with companies seeking to provide benefits to their employees, helping them to attract and retain the best employees, whilst promoting the use of low emission cars. Within the professional services sector corporates and partnerships, such as law firms, are assessing whether Salary Sacrifice for Cars is right for their business.
“Many employees have been finding that they have less disposable income due to rises in inflation, fuel and insurance costs, with salaries not necessarily rising to compensate. Salary Exchange offers employers a way to ensure that employees make substantial savings on a new car, at little or no cost to the employer.
“Salary Exchange and leasing in general has become more desirable following the rise in VAT. Other factors driving interest include concerns over the costs of grey fleet and health and safety issues, which are prompting employers to seek a way to encourage cash allowance drivers back into company cars.“
Zenith Provecta expect to double the number of Salary Exchange cars on their fleet over the next few years.
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