Fleet News

Firm promises lower lease rates by buying abroad

A NEW venture from Provecta Car Plan also aims to exploit the chance to purchase cheap cars abroad with lower monthly leasing rates for structured personal leasing scheme users. The firm was formed to provide vehicles which exploit the tax-efficient method of vehicle acquisition that allows employees to effectively own their vehicles, removing their benefit-in-kind tax liability.

It has signed a fleet deal to provide 500 vehicles through the new European sourcing scheme, although the fleet involved is not being named. Provecta Car Plan claims it can save more than £100 from a monthly rental by bringing in cars from the Continent.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee