VEHICLE supply and fleet management specialists CVM have announced that Aon Plus, Carlsberg and cruise giant Carnival have added iLease, CVM’s on-line vehicle personal contract hire (PCH) platform, to their own staff benefits platform.
Further, all three have appointed iLease as their sole supplier for all PCH products.
It all amounts to another round of glowing endorsements for CVM’s iLease, which launched in January 2016 and sits perfectly on all portals and is simple and easy to administer for both the employer and employee.
With the Chancellor’s Autumn Statement confirming earlier fears that the taxable benefit for vehicles over 75g C02 will be removed from the salary sacrifice sector, a move that will affect thousands of businesses currently offering the benefit. iLease offers a perfect alternative to Salary Sacrifice where no payroll administration is required.
Further, iLease costs nothing to implement and there are no vehicle restrictions to the individual yet discount levels still compare favourably to existing corporate schemes.
Any company adopting iLease will be able to offer their employees maximum flexibility in choosing a brand new vehicle tailored to their own specification.
Employees are given access to a secured on-line portal from which they can choose how much they wish to spend, on what car and can add as many factory options as they wish. There is no deposit to find either. Employees simply agree a fixed price monthly rental they’re happy with for the duration of the agreement, which can be anything between two and four years and from 6,000 to 30,000 miles per year.
Paul Hollick – managing director of The Miles Consultancy (TMC) and chairman of the Institute of Car Fleet Management (ICFM) – said: “iLease provides employees with a unique personal lease quotation tool which enhances their current staff benefits package.
“The monthly rates that iLease have demonstrated offer excellent value on a product which offers an elegant and simple alternative to salary sacrifice for cars.”
Jaymie Stanbrook, iLease senior account manager, said: “We are delighted to be working on such an exciting project at a time where vehicles are fast becoming a commodity and Personal Leasing is the solution to sourcing a vehicle at a fixed monthly price; not dissimilar to our mobile phone contracts.”