Buying Salary Sacrifice Car After Term

[Basicbob]

Hi,

Did anyone end up buying their salary sacrifice car after the term was up?

What price did they offer was it competitive?

Mines with Arval and I’ve heard a whisper at the end of term they offer market price minus 5% apparently it saves them money picking up the car and then selling it at auction which I was told they do.

Any insight?

 

[bctomuk]

I have never done it but surely offering you the opportunity to buy it at less than market value is then a taxable benefit?

 

[btc1k]

I have never done it but surely offering you the opportunity to buy it at less than market value is then a taxable benefit?

You're not buying from the employer, you'd be buying from the lease company, so no taxable benefit has been provided.

 

[bctomuk]

You're not buying from the employer, you'd be buying from the lease company, so no taxable benefit has been provided.

Fair enough.