Optimize your payroll:
car lease in a cafeteria plan
Find out more in our practical eBook!
A cafeteria plan: how does it work?
A cafeteria plan is nice way to optimize wages and to ensure that people gain more at the end of the day. It also allows you to offer more employees the opportunity to choose a vehicle. Even people who are currently not eligible for a company car can include car lease in their salary package. A cafeteria plan is also a cost-effective solution for a smooth transition to an electric fleet.
If you want to switch to a cafeteria plan, you need to make part of the salary flexible. For example, part of the gross salary or the end-of-year bonus. In exchange, the employee can choose from benefits such as extra holidays, pension savings... Or a new vehicle, of course!
Buying private vehicle vs leasing in cafeteria plan
Extra costs significantly increase the price tag of a vehicle. Leasing a vehicle means that you never have to worry about unexpected costs. Moreover, you 'pay' for the car with your gross salary.
In the table below, you see how much Eva pays for a private vehicle and how much she saves by leasing a (more expensive) vehicle in a cafeteria plan. We assume a situation where employees are responsible for their own fuel and/or electricity costs.
Eva buys
- Ford Kuga
- PHEV
- 20 000 km/year
- Purchased new (incl. VAT): €42 000 / Sold after 5 years: €17 000
Eva leases
- Tesla Model Y
- EV
- 20 000 km/year
- List price (incl. VAT): €50 000
Why LeasePlan for your cafeteria plan?
LeasePlan has a lot of experience with car lease in a cafeteria plan. This is what we can do for you:
- Advice: everything starts with the vision and objectives of your organization. Our consultants help you develop a strategy to determine what you cafeteria plan should look like.
- Implementation: defined your strategy? Then we help you choose the right models for your employees and integrate our own tools with those of your social partner.
- Support: we assist your employees who make the switch to a cafeteria plan and we also offer proactive support to people who start driving an electric vehicle.
Want to know more? We’re here to help!
