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Enhance Car Benefit

It is important to bear in mind the principal reasons for providing a car benefit, and that is for purposes of recruitment and retention. Accordingly, if the savings realised by the scheme can be shared with employees by increasing Personal Car Contract budgets where appropriate, then the result will be extremely positive for both parties.

Employees will compare car policies with other employers, and the more flexibility they see, the greater the perceived value in the scheme. By giving them a choice of company-owned or employee-owned car in the same managed environment, you remove many of the classic objections and deliver a scheme that will be difficult to match.