Bayer is introducing a scheme to make new cars available to its 2,200 staff as part of its recruitment and retention strategy.
The chemicals conglomerate has an arrangement that will allow employees who are not part of a company car scheme to lease purchase one directly from Fleetlease, at low interest rates and without paying a deposit.
Ian Peacock, group HR director at Bayer, said, "I believe that giving staff more choice and flexibility when it comes to their remuneration package ultimately helps Bayer attract and retain quality people."
He added, "We wanted to cut back the cost of running such a large vehicle fleet and part of this rationalisation was to put in place a dedicated personal leasing scheme that can benefit all staff."
The scheme has been individually tailored to Bayer's requirements. Peacock said, "Many employees relocate to other countries - sometimes at short notice - so it was important that the scheme included early termination cover, decreasing the penalties normally associated with returning a vehicle prematurely."
Staff pay for a new or used vehicle, either by individual direct debit or money can be deducted from the employee's pay.
So far, 42 employees have participated.