Car Leasing Scheme Saves Company £110k
A car leasing scheme adopted by an organisation in Northern Ireland has saved it a huge amount of money, it has been revealed.
According to reports from the Londonderry Sentinel, the Western Health and Social Care Trust has managed to set aside approximately £110,000 on travel expenses as a result of the initiative. The body, with the help of a contract car company, makes use of a leased car facility that is used by 198 employees, at a cost of around £500,000 per year.
By avoiding a company car system and the need to pay full travel allowances to those who use their own car, the Western Trust saves significant sums of money. For example, if a worker was to clock up a mileage of 8,500 in their personal time, as well as 6,500 while working, the organisation would have to pay £3,620 per year in full travel expenses, compared to £3,004 as part of the leasing arrangement.
“The annual savings were calculated on taking a random sample of ten cars and extrapolating to give an approximate annual figure,” said a spokesperson for the trust.
Commenting on the success of the scheme, Simon Booth at car leasing company UK Carline said: "It’s not surprising to see another organisation reaping the rewards of car leasing. The arrangement has become increasingly popular in recent years for both corporate and private customers, especially with the economic climate continuing to have an effect on people’s finances.
“Car leasing offers people the chance to regularly upgrade their vehicles to new, improved models, avoid the inevitable issue of making a huge financial loss when it comes to selling a car - as they don’t need to sell it, simply return it - and take advantage of the fact road tax and manufacturer warranties are included in the deal. These “perks” and the recent changes in writing down allowances now means that car leasing has to be explored by every company as it is probably the most efficient way of funding vehicles”
UK Carline is a leading UK contract car hire specialist, with more than 40 years in the industry. For more information about the car leasing and hiring services on offer, visit the company’s website at: http://www.ukcarline.com
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- UK Carline
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