As we enter a new world of automotive pricing, the ability to use business buying power is an established concept with far more profound implications. This new world has led to the emergence of the Partners’ Car Scheme. A way for partners to acquire a new vehicle through their place of work whilst making big savings.

When the vehicle is leased, individual Partners will be able to save 10% on the personal cost of a lease, due to the ability of the firm to claim back half of the VAT (current rate 20%) on that lease.

Contrary to popular belief, the Partner’s Car Scheme can stand independently from an EV salary sacrifice scheme. The scheme does operate very similarly, with the big difference being the deductions coming from your drawings rather than a traditional salary.

One of the key benefits of launching your scheme as a Limited Liability Partnership (LLP) is our wealth of experience dealing with LLPs in Law, Accounting, Property, Financial Services and beyond. Our Partners’ Car Scheme service also offers fantastic pricing, combined with our award-winning Concierge service, meaning the senior leaders in your business can benefit too.