Employee Car Ownership Schemes (ECOS)

Savings, flexibility, increased choice and control all under one solution.

Employee Car Ownership Schemes (ECOS)

Savings, flexibility, increased choice and control all under one solution.


Employee Car Ownership Schemes, or ECOS for short, give you and your employees the benefits of a company car without the associated company car tax – increasing flexibility, improving controls and generating savings.

Video: ECOS Explained

31.12 Sec

Your business and employees can enjoy the operational benefits of a company car, but without the associated company car tax.

Benefits of ECOS

Generate Savings

Create material savings for your business and your employees in comparison to company car tax - and decide how these are distributed and utilised.

Gain Full Control

Create a car benefit policy and choose how much your employees contribute towards the running costs of their car. We’ll also help you maintain it, saving you admin and resource.

Fleet Freedom

You have the freedom to choose which cars can be added to your ECOS solution, and this can be a combination of petrol, diesel, plug-in hybrid or self-charging hybrid vehicles. You can also align the cars you choose with your operational needs.

How ECOS Works

Employees choose a vehicle

Selection, ordering and delivery all managed on the CBS Portal.

Vehicle is sold to employees

Employees no longer subject to company car tax.

Employees pay monthly

Contribution via net pay and no impact on credit score.*

Easy renewal process

At the end of term, employees can choose a brand new car.

Employee Benefits

Provide a market leading car benefit, helping you to attract new talent and retain the best staff.

No company car tax.
Freedom to choose any car.
Fixed monthly repayments.
Operational benefits of a company car.
No impact on credit score.*
Can keep the car at the end of term.

*See FAQs for further information.

Hassle-free Vehicle Maintenance

We’ll help and support you throughout the duration of your fleet contract.

Breakdown Support & Tyres

Service, Maintenance & MOT

Fines & Charges Management


Replacement Vehicle

Driver Dedicated Helpdesk

Let’s Talk Tax

With ECOS, the ownership of the vehicle passes to the employee when the car is delivered. This means that Benefit-in-Kind tax and Class 1A National Insurance Contributions are not applicable. You determine the level of employee benefit. The employee pays a fixed amount each month, deducted from net pay, to cover the running costs of the car.

Is ECOS Right
For You?

ECOS removes your fleet from the scope of company car tax, helping to create business and employee savings.

Remember, our ECOS can be one part of your overall solution alongside our other products, creating a blended car benefit package.

Discover all our solutions for employee car benefits.
See if we can answer your query in our Q&As.

An Employee Car Ownership Scheme (ECOS) is an efficient method of delivering a vehicle to your employees with the benefits of a company car, but without the usual associated tax. The car is sold to your employee via a Credit Sale Agreement (CSA) and as ownership is transferred to them, the car is no longer classed as a company car and Benefit-in-Kind tax (known as company car tax) isn’t payable.

HMRC only need to be notified if your employee is changing from a company car to an ECOS vehicle. Your employee should let them know that they are no longer in a company car so their tax code can be updated accordingly. They can update HMRC online here after logging into their Government Gateway account, or by downloading the HMRC app. Alternatively, they can call on 0300 200 3300.

The employer insures ECOS vehicles on the fleet policy, so employees can drive the vehicles for business, social, domestic and pleasure purposes.

Settle the outstanding finance and retain the vehicle; or exercise the option to sell the vehicle back to CBS for the pre-agreed price stated in your CSA. Subject to unfair wear and tear, the proceeds are normally enough to settle the outstanding balance(s).

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