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Drive a Brand-New Car on Your Terms
A cash allowance gives you the freedom to choose a vehicle that best suits your lifestyle and budget. Instead of being provided with a company car, you receive a cash sum as part of your salary, allowing you to lease or purchase a vehicle of your choice.
With Personal Contract Hire, many employees find leasing to be a cost-effective, hassle-free way to drive a brand-new car, complete with fixed monthly payments, low upfront costs, and an all-inclusive package.
What is a Cash Allowance?
A cash allowance is an alternative to a company car scheme, where instead of being assigned a vehicle, you receive a monetary allowance as part of your salary package.
This gives you the flexibility to choose a vehicle that fits your needs, whether that’s a sleek executive car, a fuel-efficient hybrid, or a spacious family vehicle.
However, a cash allowance is subject to income tax and National Insurance, unlike a company car, where you pay Benefit-in-Kind (BiK) tax.
Benefits of Using Your Cash Allowance for Leasing
Leasing your vehicle through Personal Contract Hire offers multiple advantages:
- Lower Upfront Costs: Compared to buying outright, leasing requires only a low initial payment, helping you keep more cash in your pocket.
- Fixed Monthly Payments: Enjoy predictable payments for easy budgeting, with no unexpected repair costs when you opt for a maintenance package.
- No Depreciation Worries: Unlike car ownership, leasing means you don’t have to worry about resale value or depreciation - just hand the car back at the end of the lease.
- Access to the Latest Models: Upgrade to a brand-new vehicle every few years and drive the latest technology, safety features, and fuel-efficient engines.
- All-Inclusive Package: With optional maintenance, breakdown cover, and Road Fund Licence included, leasing provides a stress-free and predictable way to drive.
How to Get Started with Your Cash Allowance
Explore Your Leasing Options
Browse our latest lease deals to find a vehicle that suits your lifestyle and budget.
Request a Free Quote
Get a personalised leasing quote based on your needs, including mileage, contract length, and optional maintenance.
Drive with Confidence
Our leasing specialists will guide you through the process, ensuring you make the most of your cash allowance with a seamless and hassle-free experience.
Start your journey today and discover the latest lease deals!
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