The new Justdrive scheme offers a range of insurances to safeguard against early termination charges in the event of staff leaving.
Participating employees can use an online portal that provides information including a cost calculator and a vehicle choice list.
Inchcape Fleet Solutions managing director Terry Bartlett said he has launched the scheme due to “massive interest” from existing clients.
“Many of our clients already offer their employees a wide range of salary sacrifice options as part of their menu of flexible staff benefits and they want to add a company car scheme to that portfolio,” he said.
“While they were keen to offer a company car salary sacrifice scheme they wanted to be able to insure against taking on any additional costs such as early termination charges. We have therefore taken those concerns into account in launching ‘Justdrive’, which delivers a risk-free salary sacrifice solution.”
The scheme also allows employers to share National Insurance contribution savings with employees and whether to include an administration fee, which enables them to build up a contingency fund in the event of unforeseen charges occurring.