You will be covered on the scheme policy provided by West Way, however you have the option to add an additional driver from your household for a set monthly fee.

Your employer may request from time to time that your car is used for demonstration purposes for which you can give your permission.

You should inform the Inland Revenue that you no longer have a company car (and private fuel benefit if applicable) on the day you take delivery of your initial scheme vehicle. We suggest that you do this both by telephone and follow up with written correspondence for completeness, remembering to retain a copy for your records. Contact details for your local HMRC office should be available from your latest Notice of Coding statement. Your employer will notify HMRC that you no longer have a company car via the P46 (cars) reporting process, this may take up to four months

These will be administered by CBS as they will be the registered keeper. Penalties and fines will be redirected to you if this is possible for you to settle, where this is not possible, CBS will settle the amount payable on your behalf and this will be collected from your next salary run.

Should you leave your employment, under your own volition or otherwise, your Credit Sale Agreement will terminate. You can exercise you Buyback Option and return your car in an acceptable condition, which will extinguish any outstanding liability or alternatively settle the loan balance and retain the car. There may be an early termination fee of no more than one month’s payment.

The contract term for the West Way Employee Car Ownership Scheme scheme is 6 months. It is possible to terminate your CSA prior to the contract term subject to agreement with your Scheme Co-ordinator. If you terminate your contract early there may be an early termination fee of no more than one month’s payment.

The contract mileage is 6,000 within the 6 month term. In the event your car is returned with excess milege it will be charged at a pence per mile charge that will be referenced on the CSA.

If you believe that you will reach the contract mileage before the expiry of the 6 month term then you should contact your Scheme Co-ordinator for advice on the options available to you.

Your CSA features an automatic 1 month extension period should this be required. However, drivers should always endeavour to order their next vehicle in good time, considering delivery lead times.

Scheme vehicles should not require any scheduled maintenance. In the unlikely event that any work is required, this is to be carried out at a Nissan/Mazda service centre at your cost.

Under the West Way Employee Car Ownership Scheme scheme the car is sold to you under the terms of a Credit Sale Agreement (CSA) with title and legal ownership of the car passing to you on date of CSA signing, at this point the car is no longer a Company Car and all associated tax liabilities are removed on delivery of the scheme vehicle.

A Credit Sale Agreement (CSA) is a loan agreement regulated by the Consumer Credit Act. Unlike other financing arrangements, a CSA passes title and legal ownership to you on the date the CSA is signed.

No, a credit reference agency check will not be carried out, however we still need to assess your credit worthiness in accordance with Financial Conduct Authority regulations which is achieved through eligibility criteria set out by your employer and the scheme rules. Employees who are currently bankrupt or serving an Individual Voluntary Arrangement (IVA) will have to speak to their line manager regarding their options.

This is unlikely as the CSA is not reported to a credit reference agency. You should always declare your CSA to other credit providers should they request it and in such circumstances, upon request, employees will be supplied with a letter explaining how West Way Employee Car Ownership Scheme works and their liabilities under the scheme.

Yes, the car is yours from the date of delivery. You can settle the final balloon payment under the CSA and keep the car or alternatively sell the car back to CBS for the amount of the Guaranteed Residual Value, which is equal to and can be offset against the final balloon payment. This may be preferable if you are taking delivery of a new scheme vehicle.

Yes, you can sell your car at any time, however you are required under the terms of the CSA to offer the car to CBS in the first instance. The amount CBS will pay you will be lower than the market value of the car or the original cash price. This is to prevent you incurring a taxable liability.

Your first repayment will be collected from your salary the month after the car has been delivered. For example, if your car is delivered on the 10th of June, your first payment will be collected from the date you are paid in July.

Your insurance is included in the monthly payments quoted to you by your Scheme Co-ordinator. The charge is a fixed amount and will appear as a separate charge to your Credit Sale Agreement. It’s important that West Way can demonstrate you are paying for this benefit so you do not receive any additional BIK or Tax charges from HMRC.