As we begin the second quarter of 2024, what do we reflect on?

Busy! – It always seems busy at OVL…

Positivity – Our customers are hiring more staff, and feeling positive about the future.

Stock – We are beginning to see stock becoming more available, and lead times dropping, and even some additional discount on some vehicles.

Specials – Because of better availability, we are now seeing more special offers from manufacturers – Some great value deals if you need a quick car or commercial!

Some of our best deals right now are the Range Rover Sport Estate Hybrid , The Citroen Berlingo and the Hyundai Kona. 

New Brands – We are seeing more manufactures entering the market, and shaking thinks up a bit! We delivered our first Fiskers and BYD’s this quarter…

We look forward to what Q2 brings and it always brings pleasure to get 5-star reviews from our clients. Here is our latest - thank you to Julie for taking the time to share on Google....

"I have been using OVL for decades, they are an experienced group of people who know their market and understand their customers. I cannot recommended them highly enough. I dealt with Ethan Leslie, this time around , a consummate professional, very helpful, very patient, (thank you Ethan) . I gave him our budget he gave me a list of cars that fitted the budget, I researched and ordered, as simple as that. As for Jane England, she is the back bone of the company, a thoroughly, good business woman who can move mountains, and overcomes the insurmountable. Thank you Jane."

What is salary sacrifice?

Salary sacrifice is a perk that employers can offer their employees, where the employee agrees to forgo a portion of their pre-tax salary in exchange for a fully electric car.

This reduces the employee's taxable income, which increases their take-home pay.

Employers benefit from salary sacrifice as they save on National Insurance Contributions (NICs) due to the reduced employee salaries.

The adoption of electric vehicles through salary sacrifice also helps the environment and improves a company's ESG ratings.

Benefits for your business

• There is no set-up fee. Instead you pay a fee derived from the company National Insurance and VAT savings.
• Full support package - OVL Group, in partnership with the car salary sacrifice experts SalSac, manage the whole process.
• The scheme can be tailored for your business, for example limiting employee choice to only low or zero emission vehicles, size or type of vehicle or contract length y
• When electric vehicles are chosen it will assist your green agenda and help to deliver on your Environmental, Social, and Governance (ESG) and Corporate Social Responsibility (CSR).
• The scheme assists with duty of care and health & safety in the management of grey fleets.
• If an employee leaves the company, their lease vehicle can be transferred to the employees new employer or to another employee in your company, subject to eligibility criteria.

Benefits for your staff

One set monthly salary deduction, includes:

• Significant savings compared to retail alternatives
• Vehicle servicing, maintenance and repair
• Tyre replacement due to wear & tear
• Roadside assistance in the event of a breakdown
• Road fund licence and fully comp insurance.
• Home charger

• Tax & NI savings - Because payment is taken from the employee’s gross salary via payroll, they benefit from Tax and National Insurance savings (typically 30-40% savings for an electric vehicle) making the rental substantially less than a Personal Contract Hire (PCH) agreement.
• No deposit or employee credit check.
• A new car every 2-4 years

Arrange a fact finding call today 

For a free fact finding call with one of our Salary Sacrifice experts, please get in touch

T - 01491 615500

E - sales@ovl.co.uk

Find us on social media @OVLGroupLtd