Corparison is a holistic fleet management and fleet solutions provider, they specialise in custom salary sacrifice solutions no matter the scale or scope.
With a long history as a fleet management specialist, Corparison partners with leading funders to offer an all-encompassing fleet service that aims to consolidate your requirements into one package.
They are also procurement specialists, the team claims to be adept at sourcing any vehicle – regardless of make, model or size. Their services cover fleet monitoring, maintenance, compliance, and full admin service to support you with your electric car salary sacrifice, regardless of the size of your business.
Corparison has plenty of experience which gives them an understanding of the challenges in fleet management. From documentation to compliance checks and financial management, they can offer support.
Am I Eligible for a Corparison Salary Sacrifice?
To work out if your employee is eligible for a Corparison Salary Sacrifice scheme, there are specific criteria that must be met:
- Driving Licence
You must possess a valid UK driving licence.
- Age Requirement
You need to be aged 18 or over.
- Probation Period Completion
Any probation periods outlined in your employment contract must be completed.
- Employment Status
You should be on a permanent contract with your employer or be remunerated through PAYE (Pay As You Earn).
- Minimum Wage
Your eligibility is also contingent on the choice of the car. If the salary sacrifice for the chosen car would reduce your salary below the UK’s national minimum wage, you would not be eligible for the scheme.
How Do I Apply for the Corparison Salary Sacrifice?
Applying for the Corparison Salary Sacrifice scheme is simple for businesses:
- Contact the Corparison Team
Reach out to the Corparison team to initiate the process. You can contact them through various channels:
Email: Send an email to [email protected] expressing your interest in the salary sacrifice scheme.
Phone: Call the team at 01395 202 245 to discuss the Salary Sacrifice Scheme.
Web Form: Visit the Corparison website and fill out the contact form for a quick and convenient way to get the ball rolling.
Postal Mail If you prefer a traditional approach, write to Corparison at the following address:
Matford Park Rd,
- Provide Basic Business Details
When you get in touch with the Corparison team, they will require some basic information about your business. This is to understand your specific needs and how best the salary sacrifice scheme can be tailored for your employees.
Once Corparison has all the necessary details, they will work on implementing the salary sacrifice scheme for your employees. This service comes at no additional cost to your business.
What’s Included with a Corparison Salary Sacrifice Scheme?
The Corparison Salary Sacrifice scheme can be totally tailored to suit the specific needs of your business, you can get a range of options depending on what you need:
Customised Electric Car
Depending on your business’s preferences and requirements, the scheme can range from providing just a car to a more comprehensive package. This can include additional services such as electric car insurance, breakdown cover, tyre maintenance, and more.
No Additional Workload for Your Business
Once you sign up for the Corparison Salary Sacrifice scheme, there is no extra workload placed on your business. Corparison takes on the responsibility of managing the scheme and the admin.
Policy Creation and Employee Access
Corparison works collaboratively with you to develop a policy that works with your employee’s needs. After the policy is in place, your employees will be given access to a designated portal.
Within this portal, employees can browse, compare, and order vehicles much like they would when leasing a personal vehicle.
Pros and Cons of Corparison’s Salary Sacrifice Scheme
- Customization to Business Needs
Corparison tailors its salary sacrifice schemes to align with specific business requirements. This flexibility means that businesses can choose from a range of options, from a simple car provision to a comprehensive package including insurance, breakdown cover, and tyre maintenance.
- No Additional Admin
The scheme is designed to be hassle-free for businesses. Once signed up, Corparison manages the entire process, reducing the workload on your admin team.
- Employee-Friendly Platform
Employees have access to a user-friendly portal where they can browse, compare, and order vehicles.
- Lack of Scheme Transparency
The Corparison website does not provide extensive details about the scheme. This includes a lack of clarity on potential early termination fees, deposit costs, or specific details about what additional services can be included.
- Potential for Unforeseen Costs
Without clear information on fees like early termination or deposits, businesses might face unexpected expenses.
- Limited Public Reviews
We struggled to find any user reviews only, which makes it challenging for potential clients to gauge the level of the service.
The Final Word on the Corparison Salary Sacrifice Scheme
The Corparison Salary Sacrifice scheme is a flexible solution for businesses looking for a tailored scheme. The scheme’s bespoke nature, allowing customization to fit specific business needs, is a significant advantage, ensuring that each organisation can find a suitable match for its requirements and employee preferences.
Corparison makes the admin process easy by handling the management of the scheme is a bonus for businesses looking to enjoy the benefits of a salary sacrifice scheme without adding to their workload.
Additionally, the user-friendly portal makes it easy for employees to choose their car.
However, our review has found areas where potential clients might need more information. The lack of detailed information on the website about aspects like early termination fees, deposit costs, and specifics of included services warrants a proper conversation with Corparison for those considering their services.
This is crucial to mitigate the risk of unforeseen costs and to ensure that the scheme aligns perfectly with both employer and employee expectations. Do your research, and understand what a salary sacrifice car scheme is, how it works and how it might impact your business.
Help if You’re Struggling With Debt From Car Subscriptions or Leases
Late payments on car subscriptions or leases can lead to financial difficulties. If you find yourself struggling with debt from car subscriptions or leases, it is essential to seek professional guidance. Several debt advice services can help:
- StepChange: StepChange offers debt management plans tailored to your situation
- Citizens Advice: Offering free and confidential advice on managing debts.
- National Debtline: National Debtline is a helpline specifically designed to assist with personal debt, including car subscription or lease obligations.
- MoneyHelper (formerly The Money Advice Service): Providing tools and support to help you understand your options and make informed decisions.
Remember, the terms of car subscriptions and leases can vary significantly, so it’s really important to read and understand your specific agreements and obligations.
Corparison Review Methodology
At Electric Car Guide, our review of Corparison Salary Sacrifice was conducted with impartiality and an in-depth understanding of what electric car users value. Here’s how we worked through our evaluation:
- Customer Feedback from Electric Car Guide: We surveyed users from our EV focus group. These insights offered us a firsthand view of real-world experiences and car subscription expectations, allowing us to frame our review around actual user needs and preferences.
- Comparison with Competitors: We compared Corparison Salary Sacrifice’s features, offerings, and customer experience against their nearest competitors in the electric car subscription market. This enabled us to gauge Corparison Salary Sacrifice standing in the industry, highlighting its strengths and areas for improvement.
Ready to dive even deeper...
John is the Editor and Spokesperson for Electric Car Guide.
With over 20 years of writing experience, he has written for titles such as City AM, FE News and NerdWallet.com, covering various automotive and personal finance topics.
John’s market commentary has been covered by the likes of The Express, The Independent, Yahoo Finance and The Evening Standard.