Salary sacrifice is a way for employees to drive a brand-new electric car by giving up a portion of their gross salary in exchange for a fully maintained lease vehicle – all arranged through their employer.
Because the deduction is taken before tax and National Insurance, drivers can make significant savings compared to a personal lease. It’s an HMRC-approved scheme and is becoming one of the most popular ways to switch to an electric vehicle.
Points to consider with business vehicle contract hire
- All-Inclusive: Insurance, servicing, maintenance, and breakdown cover are included.
- No Upfront Costs: No deposit required – just one fixed monthly payment.
- Environmentally Friendly: Drive a brand-new EV with zero tailpipe emissions.
- Easy and Hassle-Free: We handle everything, from setup to support.
- Great for Employers Too: Enhance your benefits package and support sustainability goals.