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Why does my company own my Hypervolt charger

Why do I have to pay extra for my charger if I exit the agreement early

Jack Guthrie avatar
Written by Jack Guthrie
Updated over 3 months ago

To comply with HMRC guidelines on salary sacrifice if a charger is being salary sacrificed, the company that the driver works for owns the charger. As the lease is running, the amount the driver has to pay for the charger decreases on a month-by-month basis until the charger becomes the property of the driver rather than the company.

If the lease terminates early, then the driver must pay the agreed market value for the charger as stipulated in the charger order form.

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