Company cars aren’t new, but there are multiple ways to deliver a great car benefit now.
With hybrid working the norm for a lot of businesses these days, commuting isn’t what it once was. However, even travelling for half a working week still requires transportation.
With the goal posts moved, though, what does a modern company car scheme now look like? In this article, we explain exactly what your employees might require today to keep up with modern-day living.
If you’re a UK-based business looking for a flexible employee benefit package, you can read our blog: The Advantages of a Blended Car Benefit Solution to discover how we can provide car benefits tailored to your business needs.
Why are modern company car schemes important?
Within your business, you might have several driver types, all of which might have different needs when it comes to a car.
Most likely, you’ll have company car-entitled drivers, who are provided with a car as a requirement of their job role.
You might also have perk drivers, such as senior employees, and a car for them is part of their overall rewards package.
Finally, you might also give any remaining employees the opportunity to opt into a car scheme, should they want to. As this can help businesses to drive recruitment and retention.
According to Turo’s Car Ownership Index 2025, one in three people in the UK who don’t currently own, lease or finance a car say cost is the primary barrier to car ownership. So, by simply offering an employee car benefit where they don’t have an outright purchase cost is putting you on the right track for modern day living.
Options for providing employees with the best company car scheme
It isn’t just hybrid working that has impacted how a modern car scheme looks, sustainability and environmental concerns are adding another requirement to be considered.
If you’re planning for the future by growing your Electric Vehicle (EV) fleet, it’s important to set realistic transition milestones. If going fully electric all at once isn’t right for your business now, it could be that a mix of traditional petrol or diesel vehicles, as well as Hybrid Electric Vehicles (HEVs), alongside full EVs is the best solution for your current needs.
Possibilities for a future-proof employee car benefit scheme could include car-sharing options, offering Electric Vehicles (EVs) or even an allowance for other methods of transport. Modern car benefits allow you to plan and provide your employees with flexible, future-proof options.
Ways to deliver modern car benefits to your employees
Here at Car Benefit Solutions (CBS), we can offer employee car benefits via Business Car Leasing and Salary Sacrifice Car options, as well as Employee Car Ownership Schemes (ECOS).
So that you can find ways to:
- Give you and your employees the benefits of a company car, but without the associated company car tax.
- Have the freedom to choose petrol, diesel, plug-in hybrid or self-charging hybrid vehicles.
- Gain full control of how much your employees contribute towards the running costs of their car.
- Make savings on income tax and NICs.
- Pay a fixed monthly amount for business vehicles and have the flexibility to choose when to return leases.
No matter what your priorities are or your business goals and objectives, there’s always a way to make modern car benefits work for both you and your employees.
Find the best company car scheme with CBS
We’re confident we’ll have a solution for you that will have multiple benefits for you and your employees.
We can help decide which benefit package is right for you depending on if your fleet includes entitled and non-entitled drivers, where you are on your green agenda, and the benefit level you want to offer.
Having the right solution for your driver community can support your recruitment and retention offering. Get in touch with us today to find out more.