Salary Sacrifice schemes
Salary sacrifice is a scheme offered by some employers where employees can use their pre-tax salary to pay for a car, thereby reducing their taxable income. Under this scheme, an employee agrees to give up a portion of their salary in exchange for a non-cash benefit, such as a car. The employee then uses the money deducted from their salary to pay for the car over a set period of time, usually two to four years.
The advantage of using salary sacrifice to buy a car is that the payments are taken out of the employee's pre-tax salary, reducing their taxable income and potentially saving them money on income tax and National Insurance contributions. Additionally, the employer may be able to negotiate a better deal on the car, which can also save the employee money. Think of it like a cycle to work scheme - but on 4 wheels!
⚡ Find out more about the different ways in which you can buy a car here.
The Electric Car Scheme
Join The Electric Car Scheme for sustainable driving made affordable. By participating in The Electric Car Scheme, employees can sacrifice a portion of their pre-tax salary in exchange for the use of an electric car.
What they offer:
➖ One-off cash payment ➖ Contract Purchase (PCP)
➖ Personal Contract Hire (Lease) ➖ Hire Purchase (HP) ✅ New Cars
➖ Used Cars ✅ Salary Sacrifice ✅ Maintenance Package
✅ Charger Installation ➖ Car Rental/ Subscription
Octopus EV
Octopus EV specialises in a complete solution to provide your car, smart charger, energy and full maintenance services in one place. With 16,000 EVs on the road, Octopus is one of the leading providers of green leasing in the UK today.
What they offer:
➖ One-off cash payment ➖ Contract Purchase (PCP)
✅ Personal Contract Hire (Lease) ➖ Hire Purchase (HP) ✅ New Cars
✅ Used Cars ✅ Salary Sacrifice ✅ Maintenance Package
✅ Charger Installation ➖ Car Rental/ Subscription
EZOO
Pay As You Go electric car subscriptions. Flexible, affordable, and customisable. They deal with the insurance, maintenance, breakdown cover and road tax, so you don’t have to.
What they offer:
➖ One-off cash payment ➖ Contract Purchase (PCP)
➖ Personal Contract Hire (Lease) ➖ Hire Purchase (HP) ✅ New Cars
➖ Used Cars ✅ Salary Sacrifice ✅ Maintenance Package
➖ Charger Installation ✅ Car Rental/ Subscription
loveelectric
loveelectric sell EVs through Salary Sacrifice. It works just like the popular bike-to-work scheme. Find out how much you can save. Maintenance, servicing, breakdown cover and early termination protection included.
What they offer:
➖ One-off cash payment ➖ Contract Purchase (PCP)
➖ Personal Contract Hire (Lease) ➖ Hire Purchase (HP) ✅ New Cars
✅ Used Cars ✅ Salary Sacrifice ✅ Maintenance Package
✅ Charger Installation ➖ Car Rental/ Subscription
Here are some other dealers
Couldn’t find a dealer you liked? The options below did not match your search criteria.
Drive Green
Drive Green have the one of the UK’s largest selection of EVs, with every model in one place. Look at them all side by side, go for multiple test drives, and get all the advice you need from their experts.
What they offer:
✅ One-off cash payment ➖ Contract Purchase (PCP)
✅ Personal Contract Hire (Lease) ✅ Hire Purchase (HP) ✅ New Cars
✅ Used Cars ➖ Salary Sacrifice ✅ Maintenance Package
✅ Charger Installation ➖ Car Rental/ Subscription
EV Experts
EV Experts are passionate about electric cars. They are electric car specialists
completely independent of any manufacturer. They understand that buying into a different technology needs care, consideration and confidence and they are here to answer all your questions, with expertise.
What they offer:
✅ One-off cash payment ✅ Contract Purchase (PCP)
➖ Personal Contract Hire (Lease) ✅ Hire Purchase (HP) ✅ New Cars
✅ Used Cars ➖ Salary Sacrifice ➖ Maintenance Package
➖ Charger Installation ➖ Car Rental/ Subscription