Affinity PCH

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Volkswagen Up

 

Company Car Rental / BIK PCH Ignition

£xxx

Tax on BIK

20% £xxx

40% £xxx

£xxx

Deposit £xxxx

Net cost £xxx

Inc tax on BIK

 

Seat Leon

 

Company Car Rental / BIK PCH Ignition

£xxx

Tax on BIK

20% £xxx

40% £xxx

£xxx

Deposit £xxxx

Net cost £xxx

Inc tax on BIK

 

Volvo S90

 

Company Car Rental / BIK PCH Ignition

£xxx

Tax on BIK

20% £xxx

40% £xxx

£xxx

Deposit £xxxx

Net cost £xxx

Inc tax on BIK

 

Indicative monthly rental based on benchmark End-User term for Company Car and Salary Exchange or average campaign term for PCH Costs for Company Car include BIK (2019/20 tax year) and any trade/up down adjustments based on a £8,100 annual cash allowance All contracts are calculated on 36 months and 50,000 miles and includes financial rentals, all taxes, full maintenance, tyres and Insurance.

Frequently asked questions

We have pulled together the answes to some of more commonly asked questions, if you can't find what yo are looking for here, please get in touch XXX XXXX XXX

Contract Hire - Company Car

Q. What is it?

A. If you have the option to take a car via your company as part of your job, your company may be prescriptive over the choice of vehicles but they will cover the cost of the rental (subject to any trade up / trade down policy) and you will get a fully expensed vehicle which is changed on a 3/4 year cycle with everything taken care of.  You will be liable for paying Tax on the BIK.


Q. Will I pay Company Car BIK?

A. Yes


Q. Is there a Credit Check?

A. No


Q. What services are included?

A. All included - including finance, maintenance, insurance and even a replacement car if something goes wrong at no additional cost to the driver


Q. What if I leave my employer?

A. You hand the car back.  No charges are incurred by you.


Q. Do I have to pay a deposit?

A. No deposit - subject to company policy


Q. Who pays for any excess mileage charges

A. Company liable


Q. Do you do high mileage?

A. Covered by your company


Q. What happens to the cost of any damage when the vehicle is returned?

A. Company liable - although this may be recharged to the drivers depending on policy

Salary Exchange via Employer

Q. What is it?

A. If you have the option to take a car via your company as part of your job, your company may be prescriptive over the choice of vehicles but they will cover the cost of the rental (subject to any trade up / trade down policy) and you will get a fully expensed vehicle which is changed on a 3/4 year cycle with everything taken care of.  You will be liable for paying Tax on the BIK.


Q. Will I pay Company Car BIK?

A. Yes


Q. Is there a Credit Check?

A. No


Q. What services are included?

A. All included - including finance, maintenance, insurance and even a replacement car if something goes wrong at no additional cost to the driver


Q. What if I leave my employer?

A. You hand the car back.  No charges are incurred by you.


Q. Do I have to pay a deposit?

A. No deposit - subject to company policy


Q. Who pays for any excess mileage charges

A. Company liable


Q. Do you do high mileage?

A. Covered by your company


Q. What happens to the cost of any damage when the vehicle is returned?

A. Company liable - although this may be recharged to the drivers depending on policy

Personal Contract Hire

Q. What is it?

A. If you have the option to take a car via your company as part of your job, your company may be prescriptive over the choice of vehicles but they will cover the cost of the rental (subject to any trade up / trade down policy) and you will get a fully expensed vehicle which is changed on a 3/4 year cycle with everything taken care of.  You will be liable for paying Tax on the BIK.


Q. Will I pay Company Car BIK?

A. Yes


Q. Is there a Credit Check?

A. No


Q. What services are included?

A. All included - including finance, maintenance, insurance and even a replacement car if something goes wrong at no additional cost to the driver


Q. What if I leave my employer?

A. You hand the car back.  No charges are incurred by you.


Q. Do I have to pay a deposit?

A. No deposit - subject to company policy


Q. Who pays for any excess mileage charges

A. Company liable


Q. Do you do high mileage?

A. Covered by your company


Q. What happens to the cost of any damage when the vehicle is returned?

A. Company liable - although this may be recharged to the drivers depending on policy