Solutions
The market leading provider of Employee Car Ownership Schemes in the UK
Car Benefit Solutions design and implement Employee Car Ownership Schemes that add value, deliver control and flexibility to employers, remove the limitations of a traditional car benefit and allow businesses to determine the level of benefit they provide to their employees.
What is an Employee Car Ownership Scheme?
- Employee Car Ownership Schemes (ECOS) are a method recognised by HMRC, of providing a car to an employee in a way that means the car benefit provisions do not apply.
- In essence, an ECOS does not constitute a company car and can remove the restrictions of traditional car benefit, allowing the employer to control the level of benefit they provide to the employee.
How does an Employee Car Ownership Scheme work?
- Unlike other car financing arrangements, for an Employee Car Ownership Scheme to be valid, ownership of the car must pass to the employee at the outset and the funding must be unsecured.
- Company car tax does not apply and the employer does not pay Class 1A National Insurance (NIC) on the provision of the car benefit. Instead, the arrangement is taxed on an actual cost basis to the employee.
- The employer controls policy and the level of benefit provided to their employees, with fixed repayments and a guaranteed buyback arrangement at the end of the contract term. The arrangement can also include a maintenance and servicing plan and insurance can be provided by the employer.
- ECOS can be utilised for employees with car entitlement or as a wider staff benefit for all eligible employees.
What are the advantages of Employee Car Ownership?
- Both the employer and the employee can enjoy the benefits of ECOS
- The flexible nature of ECOS means they can be tailored to meet business objectives
- It can improve staff retention and deliver a recruitment incentive
- Vehicle selection is not driven by CO₂ emissions and company car tax
- Removes the admin burden of company car tax reporting
- Cost savings for the employer and/or the employee
- The employer can determine the level of benefit the employee receives as opposed to HMRC
- The cost of the car to the employee and employer is fixed over the term of the agreement as opposed to being subject to increasing tax and NIC costs.
The Complete Solution
All CBS schemes are designed with the customer in mind and deliver control, convenience and compliance in a complete solution that covers consultancy, funding, bespoke systems, reporting, scheme promotion and support at no additional cost to the employer.
Our Class Leading Solutions
Automotive Solutions
I'm interested in a solution from CBS for my Franchise Dealership or Dealer Group
Corporate Solutions
I'm interested in a solution from CBS for a corporate organisation.
Automotive Solutions
Car Benefit Solutions is the leading provider of employee car ownership schemes in the UK Automotive Industry. Supported by the manufacturer and facilitated by CBS, our schemes are designed to deliver mutual benefit and value throughout the automotive supply chain from manufacturer to franchised dealer and employee driver.
CBS provide comprehensive bespoke solutions for:
Motor Manufacturers
View the benefits to delivering a class leading car scheme for your network
Franchised Dealerships
View the benefits of facilitating your employee car provision through CBS
Dealer Employees
View the benefits of taking your next car through CBS
Motor Manufacturers
CBS work in partnership with motor manufacturers to design, build and implement sponsored Employee Car Ownership Schemes. Our consultancy, technical and commercial teams focus on delivering an intelligent yet simple and easy to enjoy employee benefit that creates value, offers convenience and ensures compliance from motor manufacturer through to dealer employee.
Drive additional registrations
Generate a richer sales mix
Showcase the key models for the brand
Supply desirable used car stock
Gain product experts and brand ambassadors
Provide a recruitment and retention tool
CBS have designed and implemented more than 50 motor manufacturer sponsored Employee Car Ownership Schemes in partnership with the vast majority of manufacturer brands in the UK market.
Motor Manufacturers working in partnership with CBS
Franchised Dealerships
CBS work alongside franchised dealers to align manufacturer sponsored Employee Car Ownership Schemes with dealer initiatives and objectives. Our consultancy team will discuss how schemes can be customised to fit the client brief by establishing the different parameters for the scheme. Once set our team of experts will support a thorough implementation covering training, presentations, marketing, reporting or consultation surrounding scheme or business performance.
Generate incremental registrations
Facilitate savings on your car benefit provision
Secure the supply of pre-ordered prime used car stock
Improve profit opportunities
Align the scheme to achieve business objectives
Create product experts and brand ambassadors
CBS work with more than 60% of the Top 200 dealers in the UK, covering 25 manufacturer brands and providing 30,000 annual registrations.
Dealerships benefiting from a CBS Scheme
Dealer Employees
CBS Employee Car Ownership Schemes are built with the employee in mind and are based on providing value and convenience for drivers. Designed to be an acclaimed employee benefit, cars are available with zero deposit, short term contracts and fixed low monthly repayments.
Savings in comparison to Company Car Tax
Affordable access to drive the brand you work for
Short term contracts
No deposit or upfront payment
Low repayments deducted from the employees NET pay
Generous mileage allowance
From a population of over 20,000 drivers more than 97% of employees would recommend CBS to a colleague.
Our Net Promoter Score is
Automotive Solutions
Staff CarScheme
All EmployeesA motor industry exclusive, the CBS Staff Car Scheme delivers a car benefit to every eligible employee
Employee Car Ownership Scheme
Employees with car entitlementRemoving the restrictions of traditional car benefit whilst delivering savings to both the employer and their employees
Partner & Supplier Scheme
Affiliate scheme for select partnersExclusive Staff Car Schemes designed for manufacturer or dealer partners and suppliers
Automotive Solutions
Staff Car Scheme
All EmployeesA motor industry exclusive, the CBS Staff Car Scheme delivers a car benefit to every eligible employee
Employee Car Ownership Scheme
Employees with car entitlementRemoving the restrictions of traditional car benefit whilst delivering savings to both the employer and their employees
Staff Car Scheme
A motor industry exclusive, the CBS Staff Car Scheme is designed to deliver a car benefit to every eligible employee at no additional cost to the employer. The scheme is sponsored by the respective manufacturer, who provides a choice list of vehicles available to employees with zero deposit, fixed low monthly repayments and short term contracts.
Generate additional registrations
Low operational commitment
Secure the supply of desirable used cars
Funded by CBS
Profit opportunity on resale
Extend staff product knowledge
Best Company to Work For Initiative
Recruitment incentive
Staff retention tool
Control of employee eligibility
No credit agency reference check
Zero deposit & Fixed low monthly repayments
Short term contracts
Generous mileage allowance
Manufacturer warranty & road tax included
No BIK exposure
Flexi
Flexi is an enhancement to the CBS Staff Car Scheme, it allows employers the flexibility to determine the level of scheme repayment paid by their employees, with no Benefit-in-Kind liability (subject to managed parameters). This gives employers the option to enhance vehicle choice and model specification, plus the ability should they wish to enhance the standard employee benefits package.
Cost effective alternative to pre-registration
Savings on Class 1A National Insurance
Increased control of vehicle choice and used car stock
Staff recognition and incentive tool
Low cost alternative to staff pay rise
Eligibility and contribution controls
Savings provide an alternative to a pay rise
Extension to the standard benefits package
Cost neutral access to higher specification derivatives
Staff Car Scheme
A motor industry exclusive, the CBS Staff Car Scheme is designed to deliver a car benefit to every eligible employee at no additional cost to the employer. The scheme is sponsored by the respective manufacturer, who provides a choice list of vehicles available to employees with zero deposit, fixed low monthly repayments and short term contracts.
Additional registrations
Low operational commitment
Secure popular used car stock
Extend staff product knowledge
Funded by CBS
Profit opportunity on resale
No credit agency reference check
Zero deposit & Fixed low monthly repayments
Short term contracts
Generous mileage allowance
Manufacturer warranty & road tax included
No BIK exposure
Flexi
Flexi is an enhancement to the CBS Staff Car Scheme, it allows employers the flexibility to contribute towards scheme cars and determine the level of benefit they provide for their employees, with no Benefit-in-Kind liability. This gives employers enhanced control of vehicle choice and model specification, plus an enhancement to the standard staff benefits package.
Cost effective alternative to pre-registration
Savings on Class 1A National Insurance
Increased control of vehicle choice and used car stock
Staff recognition and incentive tool
Low cost alternative to staff pay rise
Eligibility and contribution controls
Savings provide an alternative to a pay rise
Extension to the standard benefits package
Cost neutral access to higher specification derivatives
Employee Car Ownership Scheme
The CBS Employee Car Ownership Scheme is designed to remove the restrictions and limitations of a traditional car benefit and create financial and operational benefits for employers and their employees alike. The scheme applies to employees with a car benefit entitlement and offers significant savings on premium models and high specification derivatives.
Reduce write down costs
CBS Ensure Compliance
Assistance with HMRC full disclosure status
Reduced admin burden
Class 1A National Insurance does not apply to ECOS
Supply of premium used car stock
Company Car Tax does not apply
Zero deposit & Fixed low monthly repayments
No BIK exposure
Flexible 6 month 10,000 mile term
Savings deliver increase in take home pay
High spec vehicles at affordable rates
Partners & Supplier Schemes
Partner and Supplier Schemes are an affiliate scheme provided on exclusive terms by the manufacturer to key business partners of their choice. They are structured to deliver car benefit to eligible employees at no additional cost to the business. The manufacturer provides a choice list of vehicles available to employees on flexible funding packages that include zero deposit, fixed low monthly repayments and short term contracts. CBS facilitate and manage the scheme offering control, compliance and convenience to manufacturer partners, suppliers and their employees.
Recruitment and retention tool
Full control of employee eligibility
Low operational commitment
Best Company to Work For Initiative
No insurance or maintenance costs
Zero deposit and fixed low monthly repayments
No credit agency reference check
Manufacturer warranty included and road tax warranty
Short Term Contracts
Generous mileage allowance
No BIK exposure
Corporate Solutions
The flexible nature of Employee Car Ownership Schemes coupled with CBS expertise, allows corporate sector clients to manage the parameters and policy for their scheme whilst outsourcing the management, risk and administration burden. Our Consultancy team work alongside your business to design and implement a scheme aligned to your business objectives, delivering a combination of the following benefits:
Generate business savings
Eliminate company car tax reporting
Enhance recruitment and staff retention
Remove the restrictions of company car tax
Create a bespoke car benefit solution
Outsource vehicle risk
Deliver a robust & compliant benefit
Provide a Best Company to Work For Initiative
Employee Car Ownership Scheme
The CBS Employee Car Ownership Scheme is designed to remove the restrictions of traditional car benefit and protect employers and their employees from the rising cost of company car tax. The scheme applies to employees with car entitlement and offers a broader choice of vehicle across a spectrum of brands, delivering significant savings on premium models and high specification derivatives.
Full control for employers from vehicle choice to eligibility
Remove the restrictions of company car tax
Maintenance can be included
Assistance with HMRC full disclosure notification
Fully managed by CBS
Savings against Class 1A National Insurance
Company car tax does not apply
Savings deliver an increase in disposable income
Protection from further increases in company car tax
High spec vehicles at affordable rates
Fixed monthly repayments
Insured by your employer
Staff Car Scheme Process
01. Scheme Design
The CBS Consultancy Team work with the manufacturer and their respective dealer network to set objectives and parameters for the scheme. This includes scheme design and exclusive pricing.
02.Employer Participation
Once agreed, the Network Development Team present the scheme to the brands franchise dealer community. The employer opts to participate and the scheme is designed and implemented to fit the client brief by our Operations Team.
03. Vehicle Selection
The scheme is marketed to all eligible employees who can browse through vehicle choice lists and request quotations via the scheme website. Quotations are managed by the on-site Scheme Coordinator who can approve or decline quotations using the task manager.
04. Order & Delivery
CBS issue a Credit Sale Agreement (CSA), once signed the car can be registered and ownership transfers to the Employee. Funding is provided by CBS with repayments deducted monthly by the employer from the employees NET Pay.
05. Contract End
At the end of the contract term the employee can request an optional final payment. At this stage the employee can choose whether to make the payment and own the vehicle outright or hand the car back.
Employee Car Ownership Scheme Process
01. Scheme Design
The CBS Consultancy Team work with the employer to set the parameters and objectives for the scheme with a focus on delivering efficiencies in comparison to the current company car policy. The scheme is then designed to client brief and in some instances CBS can provide access to exclusive manufacturer sponsorship.
02. Eligibility Criteria
The Operations Team work with the employer to implement best practice and establish policies, detailing employee contributions, eligibility criteria, vehicle viability and how to mitigate risk.
03. Vehicle Selection
Vehicle selection is managed by the employer and the client can browse vehicle choice and create quotations on the scheme website. The employer may choose to offer employees a selection of vehicles at their discretion.
04. Order & Delivery
The car is registered and CBS issue a Credit Sale Agreement (CSA) to transfer ownership to the employee. Funding is provided by CBS to the employee with repayments deducted monthly by the employer from the employees NET Pay.
05. Contract End
At the end of the contract term the employee can request an optional final payment. At this stage the employee can choose whether to make the payment and own the vehicle outright or hand the car back.
Partner & Supplier Scheme Process
01. Scheme Design
The CBS Consultancy Team work with the manufacturer to facilitate schemes for selected partners and suppliers, setting parameters for the scheme. This includes scheme design and exclusive pricing.
02. Client Set-up
CBS then commence the implementation with the client establishing eligibility criteria and policy. A scheme website is set up and the client selects a Scheme Coordinator to approve or decline quotations.
03. Vehicle Selection
The scheme is marketed to all eligible employees who can browse through vehicle choice lists and request quotations via the scheme website.
04. Order & Delivery
The cost and availability is confirmed, CBS issue a Credit Sale Agreement (CSA) to transfer ownership to the employee. Funding is provided by CBS to the employee with repayments deducted monthly from the employee’s NET Pay.
05. Contract End
At the end of the contract term the employee can request an optional final payment. At this stage the employee can choose whether to make the payment and own the vehicle outright or hand the car back.
Employee Car Ownership Scheme Process
01. Scheme Design
The CBS Consultancy Team work with the client to set the objectives and parameters for the scheme including vehicle choice, contract term, vehicle maintenance, employee contributions and policies. CBS then negotiate terms allowing corporate organisations to benefit from rates available to CBS.
02. Vehicle Selection
A scheme website is set-up allowing employees to view the cars available to them. This can be tiered and managed by viewing permissions set by the client. Employees can view the available choice lists and create quotations via the scheme website which are then approved or declined by the client in the task manager interface.
03. Order & Delivery
Cost and availability is confirmed and CBS issue a Credit Sale Agreement (CSA) to transfer ownership to the Employee. Delivery is arranged and funding is provided by CBS with repayments deducted monthly by the employer from the employees NET Pay.
04. In-life
Maintenance and fleet administration is managed by CBS, this includes vehicle servicing, road tax payments (VED), MOT’s, breakdowns, fine management and any ad hoc maintenance.
05. Contract End
At the end of the contract term the employee can request an optional final payment. At this stage the Employee can choose whether to make the payment and own the vehicle outright or hand the car back to CBS. The car is then assessed for fair wear and tear.
Partner & Supplier Scheme Process
01. Scheme Design
The CBS Consultancy Team work with the manufacturer to facilitate schemes for selected partners and suppliers, setting parameters for the scheme. This includes scheme design and exclusive pricing.
02. Client Set-up
CBS then commence the implementation with the client establishing eligibility criteria and policy. A scheme website is set up and the client selects a Scheme Coordinator to approve or decline quotations.
03. Vehicle Selection
The scheme is marketed to all eligible employees who can browse through vehicle choice lists and request quotations via the scheme website.
04. Order & Delivery
The cost and availability is confirmed, CBS issue a Credit Sale Agreement (CSA) to transfer ownership to the employee. Funding is provided by CBS to the employee with repayments deducted monthly from the employee’s NET Pay.
05. Contract End
At the end of the contract term the employee can request an optional final payment. At this stage the employee can choose whether to make the payment and own the vehicle outright or hand the car back.
We Consult. We Analyse. You Save.
Contact your Regional ManagerContact Details
The Barracks,
400 Bolton Road, Bury, BL8 2DA
help@carbenefitsolutions.co.uk
0161 826 0000
Monday - Friday
8:30 - 17:30