Vehicle supply and fleet management specialists CVM has launched iLease to rival the salary sacrifice sector.
The Southampton-based company is targeting all employees receiving a cash allowance although it says that any employee can join the scheme.
Employees are given access to a secured on-line portal from which they can choose how much they wish to spend, on what car and can add as many factory options as they wish to ensure that the chosen vehicle matches up to their own specific needs.
CVM have agreed discount terms with top manufacturers to ensure that iLease is able to offer some of the most competitive personal leasing rates found anywhere in the market today.
All iLease agreements include Road Fund Licence, breakdown cover and free delivery anywhere in the UK. A maintenance package covering vehicle servicing, repairs and tyres can be included.
There’s no deposit to find either. Employees agree a fixed price monthly rental they’re happy with for the duration of the agreement, which can be anything between two and four years and from 6,000 to 30,000 miles per year.
Emma Walker, HR business partner for Kwik Fit, said: “We are currently in the process of introducing our 7,000 staff members to iLease.
“We are very excited at the prospect of being able to offer our staff a unique personal lease quotation tool to enhance their current staff benefits package.
“The monthly rates that iLease has demonstrated offer excellent value together with a seamless online order process.
CVM’s Jaymie Stanbrook, iLease senior account manager, said: “I am delighted on behalf of CVM to offer iLease. It is a pioneering on-line solution for the corporate market enabling them to offer their grey fleet users the comfort and feel of a well-managed company car scheme but with all the added benefits of being able to choose and tailor a vehicle to meet their individual needs. And for a very competitive fixed monthly price without having to find a hefty deposit too.
“We believe the concept is unique and invite any interested parties to contact us here at CVM to discuss how it will assist and benefit them.”