Car iQ
Car iQ has been developed in response to the legislation on Optional Remuneration Arrangements (OpRAs) and the ever-increasing company car tax in the UK. As company car drivers opt out, fleets are in danger of losing control over the cars that employees drive.
Car iQ enables businesses to provide employees with a structured car scheme, but significantly reduces the cost to the employer, whilst ensuring the employee stays neutal, based in what they pay today in terms of whole life costs. It protects employees from future increases in company tax.