CBVC Vehicle Management has appointed Ryan Spencer to lead its new salary sacrifice division, which was launched last month.
Ryan has extensive experience in B2C sales, having run the Evans Halshaw Leasing B2C channel, a division of Pendragon Vehicle Management.
He joined CBVC Vehicle Management’s Leasing Gorilla brand last year before becoming Sales Manager at CBVC Vehicle Management six months later, and now Head of Salary Sacrifice.
Ryan heads a team of three to drive salary sacrifice enquiries. Commenting, he said:
We’re looking for significant growth once it gets up to speed, but we’re expecting to sign our first major contract by the end of August. Salary sacrifice is certainly the fleet market’s hot ticket at the moment.
The salary sacrifice programme will be included as part of CBVC Vehicle Management’s agreement with LV= ElectriX to provide the leasing platform for one of the UK’s largest insurers.
While we won’t be looking to swap drivers out of company cars and into salary sacrifice cars, we will be looking to assist those companies with ‘grey fleet’ drivers and those businesses wishing to extend the provision of lease vehicles to staff who do not qualify for a company car.
Salary sacrifice is increasing in popularity, helped by the tax and National Insurance savings available to non-company car qualifying employees, who give up some of their gross pay for a fully funded and maintained vehicle.
While benefit in kind tax is still levied on an electric vehicle, electric car tax rates are locked at 2% until end of financial year 2024/25, offering a cost-effective method of providing an employee benefit that is less costly than an employee leasing the car personally.
With our multi-bid funding approach, we ensure that our customers always receive the most competitive rates in the marketplace.
Despite the industry wide issues regarding vehicle availability, CBVC Vehicle Management’s strong procurement arm has enabled us to get ahead of the curve and have a large pool of vehicles available for delivery before the end of the year.
To enquire about salary sacrifice
Please contact Ryan Spencer on 01283 351200 or email firstname.lastname@example.org.