Employers

The scheme provides employees with a fully insured Electric Vehicle, including full servicing, maintenance, replacement tyres, road tax, and roadside assistance for the duration of the contract.

• Included as standard: Fully insured EV, servicing, maintenance, replacement tyres, road tax, and roadside assistance for the contract term.
  
  
• Optional add-on: Early Termination insurance can be included to limit the employer's exposure if the employee leaves the business.

Benefit-in-Kind (BIK) is a tax paid by employees who receive benefits or perks in addition to their salary, such as a company car for private use.

• Calculation basis: BIK is calculated based on the vehicle's P11D value, its fuel type, and its CO2 emissions.
  
  
• Variability: The BIK amount varies from vehicle to vehicle depending on these factors.

Contract terms typically run from 2 to 4 years, with longer terms generally offering lower monthly rentals.

• Typical range: Contract terms can run from 2 to 4 years.
  
  
• Best value: Generally, the longer the contract term, the lower the cost of monthly rentals, with 3- or 4-year contracts typically offering the best value for money.

Yes, the bespoke requirements of the scheme, including restricting it to Electric Vehicles, are discussed during the initial consultation.

There's no minimum number of employees required, and staff don't need to be full-time — the scheme is open to almost anyone, as long as the salary reduction doesn't take them below the National Living Wage.

• No minimum uptake: Some companies set up the scheme purely for the benefit of one director or employee.
  
  
• Full-time not required: Employees don't need to be on a full-time contract, provided the reduction doesn't take them below the National Living Wage.
  
  
• Part-time employees included: Part-time employees can join, provided the total deduction doesn't take them below the National Living Wage.

Quotes are usually valid for 28 days, though this may vary due to factors outside our control.

• Standard validity: Quotes are usually valid for 28 days.
  
  
• Factors affecting validity: Prices can fluctuate due to manufacturer price increases, interest rate changes, shifts in fleet discount terms, changes in residual values, and variations in insurance charges.

Lead times depend on whether a suitable vehicle can be sourced from UK stock or needs to be factory-ordered, ranging from 10 days to over 12 months.

• UK stock: If a suitable vehicle can be sourced from UK stock, a lead time of 10 to 14 days is usually achievable.
  
  
• Factory orders: New factory orders built to your specification and colour can range from 2–3 months to over 12 months, depending on the make and model.
  
  
• Sourcing network: Yorkshire Fleet uses a wide network of suppliers throughout the UK, so rare vehicles can usually still be located.

Rentals are collected via Direct Debit directly from the company, with the appropriate amount deducted from the employee's salary through the regular payroll process.

• Collection method: Rentals are collected via Direct Debit from the company.
  
  
• Employee deduction: The appropriate amount is deducted from the employee's salary through the regular payroll process.
  
  
• Reporting: The employer is provided with a report detailing all the required information for payroll.

If an employee leaves, the car is returned to the employer, who can either re-allocate it to another employee under a new salary sacrifice arrangement or return it to the finance company.

• Vehicle options: The employer can re-allocate the vehicle to another employee under a new Salary Sacrifice arrangement, or return the car to the finance company.
  
  
• Risk mitigation: Early Termination insurance can be included as part of the scheme to significantly reduce the company's financial exposure if an employee leaves.

At the end of the contract term, Yorkshire Fleet arranges collection of the vehicle, which is then appraised by the funder for any damage or excess mileage beyond the fair wear and tear guide.

• Collection process: Yorkshire Fleet will arrange for the vehicle to be collected, either from the company or employee address.
  
  
• Vehicle appraisal: As part of the collection process, the vehicle is appraised by the funder for its condition.
  
  
• Excess charges: Any excess mileage or damage that falls outside the BVRLA fair wear and tear guide will be charged back to the employer, and may then be re-charged to the employee, as detailed in the terms of the agreement.

No, Salary Sacrifice and its associated fleet discount terms and tax savings are not accessible through the main dealer network.