Company cars for employees – advantages of rentals
10 reasons for renting company cars for employees
A constantly fluctuating economy makes long-term investments much more difficult and riskier. Companies also need to respond quickly to changes in demand as well as structural business aspects. One of the most expensive purchases for companies can be company cars for employees; they come with a high upfront cost and are expensive to maintain and repair as well. In addition, a car is not a great asset for a company, as it decreases quickly in value despite being fully functioning.
To enjoy the mobility that a private car comes with, you could instead consider renting your business car fleet. In this way, you or your employees can easily travel to client meetings, conferences or transport goods safely and comfortably. Instead of high initial costs and unexpected fees such as repairs, taxes, and insurance, you can select an affordable monthly fee with an offer from SIXT business. In this way, you can easily plan out your expenditures and cancel your hire contract quickly if necessary. Company cars for employees are a great company benefit; at the same time, it helps reduce the tax burden through business expense, too.
With SIXT business, you will always find the latest models of the top brands for your employees. From spacious trucks and minivans for comfortable traveling and convenient transportation of products to luxurious sports cars to impress important clients or show up to meetings in style: we have something for every customer. You can also select the car according to price classes. Our compact cars are more affordable and are perfect for city driving; navigate narrow streets and parallel park without problems. Larger vehicles are perfect for ultimate comfort on road trips and long trips. Make sure to pick an SUV for driving in the countryside or difficult terrain.
- Select the size of the car that fits you
- Use a company car as an employee benefit
- Enjoy the newest models of premium brands
- The latest tech provides safety and comfort
- Minimize taxation with business expenses
- Flexibly adjust the length of your contract
- No investments or bound capital
- Use the company car privately as well
- Keep track of your fleet with SIXT’s tools
- Repairs and service conveniently included
OUR TIP:
Offer your employees a company car as deferred compensation. This benefit replaces a direct monetary increase in salary, thus rewarding the employees while increasing their ties to your company.
Company car renting: an alternative to buying and leasing
Renting a company car for employees has many advantages compared to traditional buying or leasing your vehicle. Benefit from paying one fixed price monthly, compared to several additional fees while leasing or such unplanned costs like repairs or maintenance that comes with owning a vehicle. Our rates include everything from insurance to vehicle taxes. With a long-term hire, you can stay extremely flexible as well. Your employees can use the car whenever it is needed, during the high season, projects, or for certain clients.
| Company car hire | Leasing | Car purchase | |
|---|---|---|---|
Fixed price | ✔ | ✔ | possible |
Immediately available | ✔ | X | possible |
Flexible contract terms | ✔ | X | X |
Approval and vehicle taxes | ✔ | additional | additional |
Complete insurance package | ✔ | additional | additional |
Maintenance + wear and tear | ✔ | additional | additional |
Seasonal tires | ✔ | additional | additional |
Transfer costs | ✔ | additional | additional |
Liability insurance | ✔ | additional | additional |
Models of company cars for employees – take your pick!
Audi as acompany car
Audi A1 | or similar
Find your perfect all-round car with the Audi A1! This smaller Audi does not compromise on safety or quality, however. Thanks to great engineering, this vehicle is fun to drive and comes with several additional features that make your drive more comfortable. This supermini combines style with functionality.
Range Rover as a company car
Range Rover Evoque | or similar
The Evoque from British carmaker Land Rover combines an impressive exterior with a lot of power under the bonnet. This vehicle can also handle any type of terrain, and comes with controls for stability, traction, and hill descent, making off-road driving both easier and safer at the same time.
Skoda as a company car
Skoda Karoq | or similar
The Karoq is a medium-sized SUV from Czech carmaker Skoda. This vehicle is produced with many different options when it comes to engine, but at SIXT, you are always guaranteed the newest model. The stylish exterior combined with the practicality of an SUV makes this car a great choice as a business car.
BMW as a company car
BMW 3 Series | or similar
The BMW 3 Series can definitely impress, both when it comes to looks and performance! The modern, sporty exterior gives a professional impression while the luxurious interior makes your drive enjoyable. The twin power turbo engine has a surprisingly high fuel efficiency, perfect for long drives on the motorway.
Please note that with SIXT, you always choose a booking class, so that you always get an available, equivalent car.
Benefits of company cars for employees summarised
The economic benefits of renting your company cars for employees are many; you simplify the decision-making process, allow for better planning with a fixed monthly fee, and you save money by booking your corporate hire through SIXT. Additionally, you can use the many administration tools provided for SIXT’s business customers. You are always guaranteed the newest models from each brand, with insurance, maintenance, and the necessary seasonal tires included in the hire fee. Naturally, you can rent the car for as long as you need it and cancel your contract without additional fees.
A company car also has several advantages for the employee. A company car is a great benefit that the employee can use privately, and the hire costs can be conveniently used as business expenses to decrease the tax burden for your company. A vehicle can also be used as a reward for hard-working employees, and each person can flexibly get a company car that fits their needs. The corporate fleet at SIXT includes larger vehicles like SUVs, trucks, and vans, all ideal for transportation, as well as a range of convenient compact cars for a budget-friendly alternative and several impressive luxury vehicles.
To rent long-term company cars for employees from SIXT, you start by signing up online in a few steps. You can easily check the availability of vehicles and car classes in your area and even get an offer with flexible contract terms completely free of charge. When you have selected the perfect company cars for employees, you will be supported throughout your journey with SIXT. With a dedicated account manager and our 24/7 customer care team, you can get help and answers to your questions at any time.
Taxation for company cars
Company cars for employees can be used by any company in the UK that consists of more than one person. If you offer a company car for an employee and the employee uses the car privately as well, it will be considered a benefit in kind. You can also deduct the costs related to business use; if you select a company car with very low emissions, the full hire fee could be deductible.
Keep these points in mind when you consider and select a company car for employees:
Keep this in mind when considering a company car for employees:
- Your employees can use the company car for private use as well; the taxation is calculated according to how much it is used privately and the value of the car
- Company cars for employees can be considered business expenses as well
- Select a low-emission car or a fully electric hire vehicle to be able to deduct the full cost from your taxable income
Options for company cars for employees
✓ Long-term hires (from 28 days)
✓ Short-term hire
✓ Register - secure company discount - book
✓ Premium company car fleet
✓ From Economy/Compact to Luxury/Special class, everything is available for booking
✓ Trucks, vans, and commercial vehicles are available
✓ No initial investments or payments
✓ Always drive the newest vehicles
That might be of interest to you.
Discover SIXT business! Find your perfect company car, hire car for your next business trip, or THE fleet solution for your company.