Used by businesses as a viable alternative to regular funding methods, a PCP allows the driver to own the vehicle while benefiting from tax efficiencies. The vehicle is financed through a credit sale agreement between the driver and the car finance company. The drivers' employer pays the driver a monthly allowance, which relates to the employee level and their choice of car. Taking this allowance together with the personal tax savings, as well as utilising Inland Revenue approved business mileage allowances, provides the driver with a net monthly budget. The driver can trade up or down from their current company car level. The employer can benefit from a reduction in the gross cost of providing drivers with a vehicle. However this is strongly influenced by the make up of the fleet and in particular the number of business miles conducted by a driver.
The models of Renault listed below show cars available for car finance:
Megane Cabriolet, Master, Megane Sport Tourer, Kangoo, Scenic RX4, Clio, Laguna Tourer, Laguna, Megane Coupe Cabriolet, Espace, Megane Coupe, Modus, Grand Scenic, Megane, Grand Espace, Megane Sport, Trafic, Megane Sport Saloon, Scenic,