Leasedrive Velo Group launches EnviroDrive
A green company car salary sacrifice scheme called EnviroDrive, offering cost saving and environmental benefits to both employer and employee, has been launched by Leasedrive Velo Group, one of the largest independent privately-owned vehicle management groups in the UK.
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."
On a typical monthly leasing cost of £250 paid through salary sacrifice, a lower rate tax payer would save £57.75 per month and a higher rate tax payer £57.50.
Through its totally integrated on-line fleet management solution, Drive:Manager, the EnviroDrive scheme can be accessed 24/7 by clients' employees, where they can find promotional offers, compare and order cars. The EnviroDrive scheme is also supported by e-mail, poster and leaflet campaigns and regular driver clinics and roadshows.
- ends -
Leasedrive Velo is the largest independent privately-owned vehicle management group in the UK and comprises two main operating divisions.
Leasedrive Velo Vehicle Management
Working in partnership with fleet managers, or delivering a complete outsourced service, Leasedrive Velo offers blue chip clients a range of bespoke fleet management services. Major investments in the finest asset management system and pioneering, flexible, web-based customer service technology have resulted in Leasedrive Velo offering customers a truly world class fleet management service capability.
Leasedrive Velo Rental Management
One of the largest short-term vehicle rental management companies in the UK, with access to an almost unlimited choice of vehicles and locations throughout the country, Leasedrive Velo Rental Management offers a simple and transparent pricing policy with no hidden surcharges. For rentals of 28 days or more, it offers the Stopgap mid-term vehicle rental solution. Rates are substantially reduced compared to daily rental.
The headquarters for Leasedrive Velo is at hi-tech offices at TRL in Wokingham. Leasedrive Velo is the winner of the 2006 Fleet News Award for 'Best Contract Hire/Fleet Management Company', the 2006 GreenFleet Award for 'Leasing/Rental Company of the Year', The 2007 and 2008 Thames Valley Business Awards for 'Business Management Team of the Year', the 2007 ITM Award for 'Independent Vehicle Management Company' and the 2008 ITM Award for 'Fleet Management Company'.
For further press information on Leasedrive Velo, contact:
Mr Jeremy Snook
JSPR Ltd
Telephone: 01488 670002
Mobile: 07957 867139
Facsimile: 01488 670008
E-mail: jeremy.snook@jspr.co.uk
Website: www.jspr.co.uk