Driving savings and satisfaction with Tusker’s car scheme at Your Move

Craig Hall, a driver at Your Move (operated under LSL Financial Services), is a prime example of how the car scheme works for someone using their cash allowance from their company, rather than a traditional company car. Since joining the scheme just over a year ago, Craig has experienced firsthand the benefits of switching to Tusker’s car solution.

The Challenge

Craig’s journey with company cars began years ago, transitioning from a company car scheme to a cash allowance due to decreasing mileage and increasing costs. By the time he joined Your Move in 2021, he was on a cash allowance and had a personal contract purchase (PCP) deal for his vehicle. However, he was looking for a more efficient, cost-effective solution that would offer better value and simplify car ownership as the PCP offer he had was proving expensive, with the added hassle of sorting his own insurance, servicing and maintenance.

The Solution

Craig heard about the car scheme from an email he received when he started working for LSL Financial Services. It promised a good alternative to his previous lease, so Craig was intrigued to find out more. Upon looking for his new car, Craig has found the following:

Cost Efficiency
Tusker’s scheme offered significant tax savings. Craig’s previous car deal cost him £600 a month net pay, including PCP and associated expenses. With Tusker, he switched to a BMW i4 under a gross contract of £1,100 per month. Post-tax benefits, his net cost dropped to £500 per month, which was less than his previous arrangement.

Hassle-Free Running
The scheme consolidated all of Craig’s previous payments into one, covering everything from insurance to servicing. This streamlined approach removed the need for Craig to handle all of the usual car admin.
Craig’s experience with vehicle servicing and repairs through Tusker was handled promptly, ensuring his satisfaction with the scheme.

Environmental and Economic Savings
Craig transitioned from a diesel vehicle to an electric BMW i4. The cost to charge the electric vehicle is about 10% of what he previously spent on diesel, offering substantial savings. By making the switch to an EV, Craig not only reduced his personal expenses but also contributed to environmental sustainability. His positive experience has even influenced his wife to adopt an electric vehicle.

No Ownership Concern
Tusker’s scheme provided a worry-free solution without the concerns of vehicle depreciation. Craig was also reassured by the lack of early exit penalties, which was a significant advantage over traditional lease contracts.

Enhanced Driving Experience
Craig praised the BMW i4 for its smooth, fast performance and the overall driving experience. He also noted the significant cost savings from charging the electric vehicle compared to fuelling a diesel car.

Conclusion

Tusker’s car scheme has proven to be a game-changer for Craig Hall at LSL Financial Services. The scheme has delivered on its promises of cost savings, convenience, and environmental benefits. Craig’s experience highlights the advantages of switching to a comprehensive car solution that simplifies running a car and enhances financial efficiency.