'In relationship to the overall market size, the sub-2,500-mile 40% taxpayers are the minority, which means that when they do opt out of the company car scheme the effect on the market is minimal,' said East. 'Since the inception of our PCP production Reflections last July we have supplied more than 60 vehicles and we are constantly providing quotations for more. I believe that the market is shifting over quicker towards this sort of arrangement for specifically this type of driver.'
Reflections has been designed so that drivers do not notice any difference, apart from a contact point, to the way he or she ran their car within a company scheme. Fuel is the only concern the driver has to deal with. East accepts that for drivers travelling more than 2,500 miles a year and paying 25% tax, the company car remains a valuable benefit.