Volvo will introduce a cash-for-car package in December for drivers choosing to opt out of company car schemes in the light of the new tax regime next year.
The offer will combine Volvo's own PCP, insurance and service and maintenance schemes in one package and will be offered to companies it currently supplies if drivers are concerned about increasing benefit-in-kind tax bills.
Ian Rendle, Volvo corporate sales manager, said: "We will be bringing together the individual services we offer for private buyers for people who want the benefits of driving a company car in one package.
"We feel some drivers are still unaware of the impact of the new tax regime and will only begin to realise what it means for them after it kicks in early next year. If we are there with a single package alternative, I think we can capitalise on that. If drivers want to opt out we will be able to offer them a comprehensive package which offers the company car experience to private motorists.
"But if drivers decide to stay in company car schemes, we have to ensure we get the message across that we have a range of 'clean' cars, including petrol, diesel and Bi-fuel." (November 20, 2001)