One of the UK's largest car supermarkets is introducing schemes for drivers taking a cash alternative to a company car.

Motorpoint has developed the finance packages to attract company car drivers who would be worse off under next year's changes to company car tax.

The supermarket also believes drivers will be tempted by car prices which are typically lower than recommended retail prices, largely due to high volumes imported from mainland Europe.

The leasing schemes can feature full maintenance, breakdown cover, new tyres and replacement vehicles. At the end of the scheme customers can either return the car, pay off the outstanding balance and keep the vehicle, or part exchange it for a new one.

Paul Winfield, Motorpoint director, said: "With typical savings of 30% on the average UK list price, customers will have the added benefit that their monthly cash-for-car budget will go a lot further, enabling them to drive away with a better car." (November 6, 2001)