How does the car leasing scheme work

Colleagues who access our car leasing scheme can obtain a new vehicle from NTW Solutions. Monthly payments are then taken through either salary deduction (after tax) or salary sacrifice (before tax). There are no credit checks or deposits – you select a length of lease and enter a contract.

Salary Deductions:

A salary deductions would be taken from your monthly net pay (after tax), and will not impact on your pension nor any other benefits you might receive. Deductions don’t carry any HMRC restrictions on spending, where sacrifices do.

The sum of a salary deduction will be the monthly charge for the car you select in addition to the VAT, and would appear on your payslip each month. As your tax will also be increased when using a deduction for a company vehicle by the HMRC, NTW present the entire cost as ‘Monthly Net Cost’ in their quote breakdowns – this is the figure you can expect your take-home pay to be reduced by.

Salary Sacrifice:

More information:

For more information on the differences between deductions and sacrifices, visit NTW’s information page on the button below. Please note that your application will be rejected if any deduction or sacrifice reduces your income to below £13.50 per hour. This rate is reviewable based on changes to national minimum wage. Other access criteria applies.

What is included in the car leasing scheme?

As our car leasing scheme is designed to ensure your contract covers everything that would make your experience as straightforward as possible, there are a number of benefits in taking advantage of our car leasing scheme that are over and above financial savings.

Amongst the benefits included within our car leasing scheme include an insurance excess of just £100; milage refunds; the availability of fixed insurance; the ability to transfer your contract to other public sector organisations; the inclusion of routine maintenance and servicing; a guaranteed accident courtesy car; low excess milage rates; a 24/7 driver helpline; roadside recovery and home start as standard and much more.

Throughout your contract you can also add and remove additional drivers and vary your milage requirements as they evolve. To discover more benefits, click the button below.

Managing costs

Ultimately what is available to you will be dictated by your budget, which is in turn might be dictated by whether you’re applying for a quote for a salary deduction or a salary sacrifice. Colleagues can request unlimited quotes from NTW, and need only register to do begin doing so. This being said, you cannot access any deduction or sacrifice that reduces your income to below £13.50 per hour.

Before requesting quotes, it is advised you pay serious consideration to not only what you can afford to lose from your wage – but also the running costs you may experience. When making this consideration, you may want to consider what type of car you’re seeking – NTW provide vehicles across petrol, diesel, hybrid, all-electric and beyond. Choosing one or another might help you save on running costs.

For more information about car types – as well as guidance on which vehicle body type might work best for you when narrowing down what car you’d like, visit their information page.

What is the process of accessing the scheme?

As mentioned above, there are no credit checks or deposits needed to access the scheme. You’ll need to select a length for your lease – which is typically 3 or 4 years, and you’ll enter into a contract based on that timeframe. The entire process can be summarised below, but a more detailed version is available on the NTW website.

1. Register – You’ll not be able to obtain a quote without registering. Accounts need to be verified by our partners at Liaison Group, so please remain patient.
2. Get a quote – You’re free to request as many quotes as you like as you browse, and during this time you’ll want to make a decision on whether salary sacrifice or deduction works best for you moving forward. You can click ‘breakdown’ on every quote to get a better understanding of the cost to you.
3. Submit an order – Once you click this, you’ll be asked to complete an application. Make sure you’ve considered the entire financial impact of your order – taking into account things like running costs.
4. Authorisation – Your application will be reviwed by our partners at Liasion Group to ensure you’re eligible. You’ll receive an email once this process is complete.
5. Confirmation – On approval, you’ll be sent an email with confirmation of cost and documentation to read, understand and return.
6. Dates – NTW will provide you with an estimated ‘in stock’ date. Please note this is out of their control and dictated by manufacturers. Most cars will take between 3-6 months from order. You’ll be notified when NTW receive the order to arrange delivery.
7. Delivery – You’ll agree a date with NTW. On arrival, you’ll check the vheicle, note any concerns with the delivery agent and have the chance to ask them any questions.