The company has chosen Whitechapel, the car ownership specialist of Lloyds TSB autolease, for the deal.
Under the new three-year contract, Whitechapel will initially supply 450 vehicles through car ownership, increasing up to 600 as the remaining company cars are phased out.
Pauline Speight, director of human resources at Bluestone, said: 'The ability to implement Whitechapel's scheme alongside our existing company cars ensures a smooth changeover and minimum disruption to our employees. Our drivers can now benefit from a fully-funded scheme which means they don't have to make any financial contribution to their vehicle. This, complemented by the benefit-in-kind tax savings made possible through car ownership, means that vehicle provision has no impact on their net pay.'
The car ownership scheme also presents employees with an increased choice of vehicle to suit individual driver requirements, ranging from a smart city-coupe to a family saloon or people carrier.