Savings Made Simple With The CBS Optimiser
Is it time to rethink your company car provision?
Employee Car Ownership Schemes (ECOS) can help dealers make significant financial savings when compared to a traditional company car benefit.Get In Touch
All you need to do is provide CBS with your company car data, and let the CBS Optimiser do the hard work.
The CBS Optimiser is a tool designed to analyse your existing demonstrator and employee fleet to find the best solution for your unique business requirements. We will then create a simple and compliant solution that puts you in control.
We Consult. We Analyse. You Save.
What Other Benefits Can An ECOS From CBS Provide?
Reduce Demonstrator Costs
Employee Car Ownership Schemes (ECOS) can help dealers make significant financial savings when compared to a traditional company car benefit.
Write downs represent a huge cost for dealers. As an Employee Car Ownership Scheme removes the company car tax liability for the employee, these savings can be utilised by the dealer to eliminate (or at least materially reduce) write down costs on their employee fleet. This realises immediate and material savings for the business.
Incremental Car Registrations
Every employee placed into a CBS scheme vehicle provides an additional new-car registration. Crucially, at the end of the contract term, this vehicle returns to the dealers as part of a guaranteed used car pipeline, forming a quality consumer offering. These cars provide a plentiful, timely supply of premium known cars with no acquisition costs or logistical difficulties.
Boost Used Car Supply
Consumer demand is high but many of the channels that traditionally generate used car stock have been impacted and supply is restricted. There is a need to create an efficient pipeline of used car stock for this currently lucrative sector.
The rising cost of company car tax influences employees to choose cars that work for them financially, rather than selecting a vehicle which is an attractive used car prospect at the end of the term. However, under an Employee Car Ownership Scheme, employer Class 1A NIC contributions are not payable, and employees do not need to pay company car tax.
Employees will retain their employee car benefits, as well as enjoying short-term contract lengths and low repayments when compared to consumer arrangements and no credit reference agency checks, critical in these uncertain times.
A CBS scheme can bridge the gap between used car availability and demand, allowing dealers to hand pick the cars with the highest profit potential for a constant flow of prime used cars.Request More Information
Why Choose CBS?
CBS has over 18 years of experience in Employee Car Ownership Schemes, working with over 25 manufacturer partners and over 250 dealer groups across the UK.
CBS’ expertise in car ownership scheme design, compliance and funding, can help dealers realise material business savings from their demonstrator fleet and employee cars.
We offer a complete service that goes beyond design and implementation; taking care of your fleet, so that you can focus on your business and your customers. In addition to our team of experts, your scheme will be supported through our bespoke online system that ensures you are in control.Contact Our Experts