Santander’s salary sacrifice car scheme deemed a success

Employees at Santander ordered more than 160 cars within the first month following the launch of its salary sacrifice car scheme.

The scheme, which was launched in October using provider Zenith, is open to all UK-based permanent Santander employees, with an aim of enhancing the bank’s benefits package.

The Santander All-Employee Car Scheme is designed to encourage employees to select lower-emission cars as part of the company’s Go Green campaign and car emissions are capped at 120g/km CO2.

Drivers can choose from a range of annual mileages between 5,000 and 40,000 over either two or three years, with an option to buy the car at the end of the contract. Employees also have the option to order up to two cars at a time.

The manufacturers available through the scheme are BMW, Mini, Audi, Volkswagon, Vauxhall, Ford, Honda, Kia, Volvo, Hyundai and Mazda.

Tom Manahan, fleet manager at Santander, said: “We have been delighted at how well received the All-Employee Car Scheme has been and take up has exceeded expectations.

“We worked closely with Zenith to provide a cost-effective benefit that brings fantastic added value to our employees. The effort has clearly paid off as we have had a brilliant response.”

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