Jargon Category: Myths

It will massively reduce my take-home pay

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nord.chetbi

Whilst your take-home pay will reduce, you enjoy tax and NI savings as your car payments are taken from gross pay. And don’t forget this covers all your motoring costs. That’s why SalAd has been designed to be affordable, with fixed monthly payments inclusive of all your motoring needs.

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It’s only for EVs

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nord.chetbi

While SalAd promotes electric vehicles for tax savings and sustainability, hybrid and low-emission petrol cars are also available if needed.

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It’s too complicated to set up

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nord.chetbi

It’s fully managed. We take care of quotes, contracts, delivery, and admin. For employers, it’s low-effort and high-impact.

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If I leave my job, I’m stuck with the car

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nord.chetbi

SalAd includes lifestyle protection, so you’re covered if your circumstances change — such as being made redundant, going on parental leave, resignation, or loss of driving licence on medical grounds.

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Electric cars are too expensive

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nord.chetbi

Through salary sacrifice, you can save up to 60% on a new low emission car — and it includes insurance, maintenance, and more. Often cheaper than your current car!

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It’s like taking out a personal loan

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nord.chetbi

Absolutely not There’s no loan, no credit check, no deposit and no debt — it’s a tax-efficient benefit paid through your gross salary, not finance.

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It’s only for senior staff

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SalAd is for everyone! As long as employees meet the minimum salary threshold after deductions, they can join. It’s a benefit designed to be inclusive.

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