Salary Sacrifice Cars vs Personal Lease: Which Option Is Right for You?

What’s The Difference Between Salary Sacrifice and Personal Lease Vehicles?

Salary sacrifice and personal leasing provide two convenient ways to access a vehicle without the upfront cost of ownership. Each option comes with its unique benefits and drawbacks, making it essential to understand which suits your circumstances best.

Many companies provide both options and come with additional benefits, learn more here.

Why choose salary sacrifice?

Salary sacrifice is growing increasingly popular in the UK due to the significant cost-saving and quality-of-life benefits.

These schemes allow employees to lease a vehicle through their employer by sacrificing a portion of their salary pre-tax and there are many reasons why you may choose to do so.

View the latest deals or speak to an expert today.

What are the benefits of salary sacrifice cars?

Discounted premium vehicles

Salary sacrifice can offer savings of 30-60% on brand-new premium vehicles, with a wide range of models to suit different tastes, budgets, and requirements.

At EZOO we specialise in premium electric vehicle options, view our full list of EVs available to you here.

Tax benefits

When you pay for a vehicle through salary sacrifice, the payments are deducted from your monthly gross salary, pre-tax. 

This reduces your taxable income which can in turn limit the income tax you pay, and the National Insurance contributions you make.

Convenient, full coverage

Alongside the cost-saving tax benefits of salary sacrifice cars, there are major convenience and quality of life benefits.

At EZOO, we manage your car insurance, maintenance, tax, and other expenses on your behalf and bundle them up into one monthly payment.

This saves you the hassle and time of managing these details yourself and ensures you won’t face any unexpected, unwelcome charges further down the line.

Flexible terms

Term lengths vary between providers but typically range from as short as 12 months, up to as long as 48 months.

This gives you the flexibility to commit for a longer period to spread out the cost of your contract for a reduced monthly payment or allows you to pay more each month for a shorter period.

EZOO have 3, 12, 24, 36, and 48-month contract periods to meet all needs.

What are the drawbacks of salary sacrifice?

Employer involvement

A potential drawback of salary sacrifice is that your employer must be registered for the scheme. However, referring your employer is a simple, cost-free process. Employers also benefit from reduced tax contributions, support for Net Zero goals, and enhanced employee satisfaction. Refer your employer for free here >

By joining an electric vehicle salary sacrifice scheme employers can save on tax contributions, promote Net Zero goals, and provide employees with an additional benefit, so it is a no-brainer.

Due to the employer’s involvement, the vehicle you’re leasing is tied to your job and the scheme may terminate if you leave or lose your job, it’s important to discuss these concerns.

Minimum requirements

While salary sacrifice is generally very accessible for the majority of people within all income brackets, there are minimum requirements which must be met.

EZOO for example allows employees earning as low as £20,000 per annum before deductions to participate, and the same goes for Octopus EV.

Love Electric however requires a minimum of £25,000 before deductions per annum and you must maintain over £20,000 after deductions.

Impact on pay

Of course, with part of your pre-tax salary going towards a vehicle, you will be reducing your take-home pay, after tax.

This can also reduce pension contributions, maternity pay, and other salary-related benefits.

Commitment

With salary sacrifice, you will be locked into a fixed-term agreement meaning you are committed for a certain period. 

If there are unexpected circumstances requiring you to exit early, there is often a cost involved with this.

Why choose personal leasing?

Personal leasing remains a popular car financing option in the UK, offering flexibility, affordability, and convenience for individuals looking to access newer vehicles without a large upfront payment.

This type of arrangement allows individuals to lease a vehicle for a fixed monthly fee providing access to newer vehicles without the big upfront cost, along with the option to upgrade to a different car at the end of the term.

There are also business-specific routes to take which you can read more about here.

Term lengths

The term lengths of personal lease are typically similar to those of salary sacrifice with most lenders providing options within the 2 – 4 year range.

Longer terms allow for a lower monthly cost, while shorter terms provide less overall commitment and more flexibility.

What are the benefits of personal leasing?

Flexibility

Personal lease has been an option on the market for a long time and therefore there are a lot of providers to choose from, this allows the individual a lot of freedom to find and compare the deals which work best for them.

Employer involvement

As the lease is directly tied to the individual, your vehicle will have no dependency on your employment and will not be impacted by a change or loss of job.

Impact on salary

Monthly payments are made from your post-tax, take-home salary and therefore will not impact pension contributions, maternity pay, and other salary-related benefits.

This does however mean you lose out on the cost-saving tax benefits of salary sacrifice.

What are the drawbacks of personal leasing?

Tax benefits

Unfortunately, personal leasing does not provide the major cost-saving tax benefits that salary sacrifice does as payments are made from your take-home salary.

This means the amount of income tax or National Insurance you pay will not be impacted.

Additional costs

While salary sacrifice with EZOO conveniently bundles all costs into one simple, monthly cost, personal leasing will typically not include insurance, maintenance, road tax, and breakdown cover.

Some leases will also require an initial, upfront deposit.

These hidden costs could make it a more expensive option in the end.

Credit checks

Personal leasing agreements are tied directly to the individual, requiring a good credit score to qualify. This can limit accessibility for those with lower credit ratings.

Furthermore, missed payments could negatively impact your credit record interfering with future attempts at credit.

Restrictions

Personal leasing often comes with additional restrictions on the amount of mileage you’re allowed to do within each year. Exceeding the agreement can result in penalties.

The car must also be returned in good condition with any damage incurring additional charges, much the same as salary sacrifice.

Which is better?

To understand which is better, it’s important to understand the key differences between salary sacrifice and personal lease, and then compare those to your needs as an individual.

It is always recommended to speak to a professional and fully understand the range of options available to you.

Salary sacrificePersonal lease
Finance sourcePre-tax salaryTake-home salary
Ownership typeEmployer-organisedIndividual agreement
Tax implicationsSubject to BIK taxNo BIK tax
Terms1-4 years2-4 years typically
InclusionsMaintenance, Insurance, etcNo additional services
ChoiceSubscription service available*More freedom of choice

With the above in mind, salary sacrifice is often considered best for those in stable jobs with an interest in low-emission, electric vehicles for maximising tax benefits and going through some of the most trusted UK providers.

The all-inclusive, hassle-free packages are another very attractive benefit for those not wanting complex car expenses to sort out.

Personal leasing therefore could be seen as better for individuals who aren’t in a stable job or considering a career change within the next 2-4 years.

Also for those wanting a larger degree of choice and personalisation within their vehicle selection, this is a direction to consider.

Ultimately, the best choice depends on your financial situation, employment stability, and the type of commitment you’re looking for.

Contact our team today for advice on the right solution for you.

Who offers the best electric car salary sacrifice scheme?

Electric vehicles (EVs) are increasingly visible on Britain’s roads. Their growing popularity stems from being environmentally friendly, cost-efficient, and catering to a broad audience—from budget-conscious drivers to those seeking luxury and high-performance models.

With the increasing popularity is an increase in demand, and salary sacrifice is one such scheme helping consumers to get their hands on electric vehicles in a tax-efficient way without the large upfront costs associated with traditional vehicle ownership.

With multiple providers offering salary sacrifice schemes, it can be difficult to know who to choose and which provider to trust.

Click here to learn more about salary sacrifice.

Key benefits of salary sacrifice schemes

Before discussing which provider of electric car salary sacrifice is best for you, it’s important to understand what factors you should be considering.

While it is always recommended to consult a professional about your specific situation, here are some fundamental features to look for in a high-quality EV salary sacrifice scheme.

Cost savings

One of the biggest advantages for employees participating in a salary sacrifice scheme is the substantial tax savings. Payments are deducted from pre-tax income, reducing both income tax and National Insurance contributions. 

Employers also benefit by saving on National Insurance Contributions, often making the scheme cost-neutral—or even profitable—for businesses.

Vehicle selection

Car ownership is very personal and due to that, a good salary sacrifice scheme will provide a large range of vehicle options, allowing you to pick a car which suits your needs, budget, and personal taste.

Brand trust

Trust in your provider of salary sacrifice to ensure you the best deal long-term with transparent pricing and no surprise costs is a key factor to consider.

Additional benefits

With salary sacrifice deals being somewhat similar between providers, it is the additional benefits which set apart a good and bad salary sacrifice scheme.

Whether it be package options, extended or shortened terms, or bundle deals.

Customer support

Salary sacrifice is an ongoing service and this makes customer support an extremely important aspect to consider before engaging with a provider.

Smaller, family-run businesses such as EZOO will naturally have different customer support and service to larger brands such as Octopus EV.

Package services

High-quality schemes should offer a complete, convenient, all-in-one package, including vehicle maintenance, insurance, breakdown cover, and road tax to make your vehicle ownership as hassle-free as possible.

Top salary sacrifice providers in the UK

There are several providers of salary sacrifice within the UK who stand out – while you will find similarities in what they offer, there are unique selling points and additional benefits for the different providers which you should take into consideration.

EZOO

EZOO is among the most trusted and fastest-growing electric car salary sacrifice providers in the UK. They are renowned for their emphasis on premium and luxury vehicles, all while maintaining affordability, convenience, and exceptional customer service.

Being a small, family-run business, you get the personal touch you’d expect, with the competitive costs and range of vehicles from that of a larger, commercial competitor.

Learn more about us, or view our range of premium EVs here.

Electric Car Scheme

Electric Car Scheme are a salary sacrifice provider who emphasise affordability and simplicity above all else.

This is great for cost-conscious drivers looking to maximise savings however you will compromise on the premium service from a provider such as EZOO, and may have fewer vehicle options available.

Octopus EV

Octopus EV are primarily known for their unique selling point of green energy bundles combining home EV charging through Octopus Energy with their salary sacrifice service.

Alongside this, they have a wide range of EVs to choose from and do provide all-inclusive service bundles, similar to EZOO.

They do have a slightly higher upfront cost compared to some competitors, but are a well-trusted provider and can be seen as a safe solution for some.

Love Electric

Love Electric is a salary sacrifice provider primarily geared towards helping businesses reduce their carbon footprint.

They have many of the same benefits as the aforementioned providers such as package deals, tax savings, and a good range of EV vehicles, however they don’t have the same short-term contract options as EZOO, for example.

How does EZOO stand out?

EZOO is growing rapidly and for good reason, there are several aspects which allow them to stand out from the increasingly growing range of providers offering electric vehicles through salary sacrifice.

Cost savings

Our schemes maximise savings for both employees and employers, and we will always be completely transparent with pricing – no unexpected costs.

EZOO’s salary sacrifice schemes are designed to maximise savings for both employees and employers. We are committed to complete transparency, ensuring no unexpected costs arise. Employees benefit from significant reductions in taxable income, while employers save on National Insurance, making the scheme cost-neutral at minimum—and even profitable for some businesses.

When getting a premium EV through EZOO, you can expect to save up to 60% on brand-new, premium electric vehicles when compared to traditional leasing methods making this one of the most cost-effective routes to take for vehicle ownership.

Comprehensive packages

There is a lot to consider when it comes to covering a vehicle, from insurance to servicing and maintenance, plus breakdown cover, road tax, and more.

Because of this, the simplicity of all-inclusive packages which bundle this into one, predictable, monthly cost is a key reason to choose EZOO.

Vehicle choice

Every individual has unique needs, so having a wide range of vehicles to choose from is essential. EZOO’s range includes everything from affordable models like the Nissan Leaf to luxury options such as Tesla and Mercedes, ensuring there’s a vehicle to suit every lifestyle and budget.

Company ethics

EZOO are massively driven by and committed to sustainability as part of their practice.

They lead the way by encouraging employees to switch to EVs and help businesses follow the same path by achieving net-zero goals and reducing company carbon footprints.

Customer service

The quality of customer service with EZOO is frequently highlighted in customer feedback and reviews, this is a key differentiator between EZOO and some competitors.

The website is incredibly easy to navigate, browse, and compare, while the small family-owned nature of the business keeps a personal touch on its service.

Employer options & flexibility

With contract terms ranging from as short as monthly to as long as 4 years, vehicles for all budgets, business fleet vehicle subscriptions, and employer salary sacrifice, EZOO seemingly has a scheme to suit the needs of any business or individual regardless of size, needs, and more.

Conclusion

Overall, the best provider for your electric vehicle salary sacrifice will be dependent on your financial situation, individual vehicle needs, and the type of commitment you’re looking for.

While some options value being budget-friendly most, others value sustainability and customer satisfaction most, so you need to consider your own personal requirements and because of this, it’s best to speak to a professional to assess your options openly.

Generally speaking, the surface of the EV salary sacrifice schemes provided will be largely similar between providers, the differentiators are in the additional benefits unique to each, such as EZOOs all-inclusive packages and premium vehicle selection, or Octopus EVs home charging bundles.

If you’re considering an electric car salary sacrifice scheme, take the first step today by referring EZOO to your employer—it’s completely free. Embrace the perfect combination of cost efficiency, convenience, and the luxury of driving a premium electric vehicle, all while contributing to a more sustainable future.

For more information, click here to see our range of premium electric vehicles accessible via salary sacrifice or speak to an expert today.

What cars are available from the top salary sacrifice providers?

Did you know that salary sacrifice schemes can save employees up to 60% on premium electric cars while helping employers meet sustainability goals?

Salary sacrifice schemes on electric vehicles allow employees to lease brand-new EVs through their employer.

Salary sacrifice leasing is becoming increasingly popular in the UK. Both employers and employees are realising the numerous benefits it offers.

Benefits of Salary Sacrifice for Employers:

  • Attract and retain top talent by offering EV perks.
  • Meet corporate sustainability goals and demonstrate environmental responsibility.
  • Reduce company-wide carbon emissions.

Benefits of Salary Sacrifice for Employees:

  • Save 30–60% on premium electric cars.
  • Reduced tax and National Insurance contributions.
  • Bundle all expenses (insurance, road tax, maintenance) into one monthly payment.

As salary sacrifice leasing schemes become a more established way of accessing premium vehicles, there are several top providers you may want to consider.

Speak to EZOO – One of the leading salary sacrifice EV providers today >

Top EV salary sacrifice providers in the UK

While plenty of companies offer salary sacrifice for electric vehicles, it is important to ensure you go with a trusted provider and assess all of your options due to the different additional benefits unique to each business, setting them apart from one another.

EZOO, Octopus EV, Love Electric, and Electric Car Scheme are amongst the biggest names in the industry and each provides a diverse range of EVs and benefits for various needs ranging from family vehicles to high-end performance vehicles.

EZOO – Offering premium cars via salary sacrifice

EZOO is a family-run business. They are market leaders focused on Premium Electric Vehicles with a range of high-end options including Tesla, Audi, and Polestar. At EZOO you’ll find several models which you wouldn’t elsewhere with other competitors who may have more of a broader target demographic.

EZOO stands out for its focus on premium EVs like Tesla and Polestar. Unlike other providers, it offers flexible lease terms, including monthly contracts—ideal for businesses and individuals seeking high-end options with short-term flexibility. When you purchase a car from EZOO via salary sacrifice, all of your car maintenance fees, road tax, and more are included in one easy payment.

Whilst they are focused on premium models, they still have a good selection of mid-range and affordable EVs and considering the benefits of working with a family-run business, it’s worth taking a look at their complete range.

You can view a complete list of premium EVs available for salary sacrifice through EZOO here.

Octopus EV

Another market leader in EV salary sacrifice is Octopus EV.

This is a branch away from Octopus Energy, a large energy provider within the UK and due to this their unique selling point is within the package details and support for home charging connecting your Octopus Energy and Octopus EV deals.

Similar to EZOO they have a wide range of both premium and affordable options ranging from MG to Porsche, however, they don’t offer quite the same flexibility as EZOO due to longer contract terms being required.

Love Electric

Love Electric have a diverse range of electric vehicles available for salary sacrifice but primarily aim towards helping businesses reduce their carbon footprint.

If you’re an employer considering offering EV salary sacrifice as an employee retention benefit then this is definitely an additional benefit to factor in.

Like EZOO, Love Electric do provide leasing packages which factor in insurance, servicing, breakdown cover, and more into your monthly fee, however, they don’t have the short-term monthly and 12-month contract options available as of now.

Electric Car Scheme

Electric Car Scheme emphasises affordability and simplicity above the premium service you’ll receive from a provider such as EZOO.

This is great for cost-conscious drivers looking to maximise savings, but you will be limited to more common-place, popular options such as the Vauxhall Corsa-e and the Kia EV6 as opposed to the higher-end options elsewhere.

A further benefit to salary sacrifice with the Electric Car Scheme is the shorter term contract lengths ranging from 12 months and up.

As you can see, each of the top electric vehicle salary sacrifice providers has a unique combination of affordability, practicality, and customisation, however, the additional benefits of each provider will play a large role in the end decision you make.

Now that you know the top salary sacrifice providers, let’s explore the types of electric cars available and how to choose the best one for your needs.

If this is your first time looking into EV salary sacrifice then it’s recommended to speak to an expert about all of your options.

Electric cars available on salary sacrifice schemes

The electric cars available to you on salary sacrifice will largely depend on your level of income, your budget, contract length requirements, and the provider you choose.

Because of this, it’s good to gain an understanding of what type of electric car is best for you based on your individual needs, and then find the best provider for you.

EVs can be broadly broken down into several categories:

Affordable EVs

Affordable EVs, as the name suggests, cater to budget-conscious drivers looking for affordability and value as a primary focus.

Models such as the Dacia Spring, MG4 EV, and BYD Dolphin all offer great value for money and are perfect for daily commutes making them popular, low-cost options.

View our range of affordable EVs here.

Compact EVs

Compact options are a great entry point for EV owners looking for city-friendly travel options or an easy commute.

For this, vehicles such as the Mini Cooper and Smart Hashtag 1 couldn’t be a better starting point.

View our range of compact EVs here.

Family Friendly EVs

Family-friendly SUVs are for those requiring a little additional space and long ranges from a single charge.

The Volvo EX90, Peugeot E-5008, and the Mercedes-Benz EQS are must-see options known for their spacious interiors offering a family-friendly vehicle while maintaining a high quality, luxury feel.

View our range of family-friendly EVs here.

Mid-Range EVs

A slight step up from the affordable electric cars are your mid-range EVs for those still looking to keep operating costs down but benefit from some longer ranges and higher-end extras.

The Volkswagen ID.3 and ID.4 provide a lot of versatility alongside a clean aesthetic and high-tech features making them a great choice within this price range.

View our range of mid-range EVs here.

Luxury EVs

Luxury models are for those drivers truly seeking comfort, performance, and design in one complete package.

With vehicles including the Polestar 2, Tesla Model 3, or the BMW i4, you will benefit from cutting-edge tech, long ranges, fast charging, and futuristic design.

View our range of luxury EVs here.

Performance EVs

Performance electric vehicles take things to the next level. If you’re a car enthusiast looking for an exciting, stand-out ride while also gaining all the benefits of zero emissions, these are for you.

The Porsche Taycan, Audi S6, and Mercedes-Benz EQS should all be on your radar if a performance EV is for you.

View our range of performance EVs here.

Conclusion

Switching to an EV through salary sacrifice is a smart choice for your wallet, the planet, and your lifestyle. Don’t wait—contact EZOO today and start saving on your dream electric vehicle!

Ready to make the switch to an electric vehicle? Explore EZOO’s range of premium and mid-range EVs today and start your salary sacrifice journey. Speak to an expert now!

Unlocking the Benefits of Salary Sacrifice: Insights for UK Company Owners and HR Professionals

Unlocking the Benefits of Salary Sacrifice: Insights for UK Company Owners and HR Professionals

Wanting to enhance your company’s employee benefits whilst striving towards a greener future? The salary sacrifice experts at EZOO are here to help with this free webinar.

When: Wednesday 20th November 12pm – 1pm
Where: LinkedIn

Join our upcoming webinar with our expert sales team Hiten and Sharon along with an exciting guest speaker; a specialist on all things HR to discuss how a salary sacrifice system could benefit you and your employees.

What can I expect from the webinar?

  • 30-minute presentation answering our most frequently asked questions
  • 30-minute Q&A session
  • An opportunity to book a call with one of EZOO’s representatives.

Sign up for the webinar to learn more about salary sacrifice > 

What do we do at EZOO?

In 2012, founders Lash and Charnjit Saranna decided to make the switch to electric cars by creating EZOO – bringing with them almost 30 years of automotive experience and a passion for helping people and our planet. At EZOO we offer the UK’s first all in-house salary sacrifice subscription, which means you save between 30% and 60% on the cost of an electric vehicle and the payments are deducted from your monthly gross salary.


Uk based company owner, HR professional or benefit decision maker? Allow yourself to open up new ways to enhance your employee’s benefits; with a live presentation, Q&A, answers to EZOO’s most frequently asked questions, emails, resources and a chance to book a call with one of our representatives, all included!

We’ll be at Everything Electric South in October

We’ll be at Everything Electric South in October

We’re thrilled to announce that EZOO will be showcasing at Everything Electric South in Farnborough from October 11th to 13th, 2024.

This globally renowned renewable energy event is a premier platform for innovative sustainability solutions, and we’re looking forward to bringing the EZOO brand and our EV Salary Sacrifice scheme to such a prominent audience.

Join us at the event to explore the future of renewable energy and discover how EZOO can help drive sustainable, cost-effective solutions for businesses and individuals alike.

What is Everything Electric South?

Everything Electric is a festival purely focused on inspiring people to continue moving in the direction of cutting-edge technologies and zero-carbon innovation.

The event helps to spread the word and educate about the benefits and rewards of sustainability in day-to-day life and we’ll be presenting and discussing our salary sacrifice electric car schemes for both businesses and employees.

This year the event will take place in the scenic location of Farnborough, the South East of the UK, 11th-13th October, 2024.

You can get your tickets here.

Why You Should Be There

This is the world’s number one home energy and electric vehicle show for a reason.

The festival is geared towards both individuals and businesses who are looking to be a part of the energy revolution and help us all work towards a sustainable future through lifestyle innovations.

If you’re interested in purchasing an electric vehicle then this will be the perfect opportunity to ask all of the key questions around EV ownership, costs, charging, salary sacrifice and everything else you may need to know.

During the event, there will be thousands of EV test drives available on a first come first served basis which offers you a chance to test drive a premium electric vehicle from some of the world’s biggest car brands.

Furthermore, the commercial vehicle zone will be presenting a wide range of options including buses, vans, trucks, trackers, and more than 50 live sessions hosted by experts in the industry.

It’s not all business and vehicles though, also included will be the zero-carb kitchen featuring live cooking and food tasting, plus fun activities for under-15s, who get in free!

So, this really is an experience for the whole family.

Where to Find Us

While you’re there you can find our team at stand P22 – next to the EON stand – we’d love for you to come and connect with us.

Whether you’re a first-time buyer looking for some guidance or a business owner interested in our salary sacrifice scheme for businesses, we will be happy to answer any questions you may have and help guide you to the best decision for your individual needs and requirements.

Don’t miss your opportunity to save up to 60% on a brand-new electric car by getting your employer to join EZOO’s salary sacrifice scheme, it’s completely free and provides benefits for everybody involved.

Celebrate World EV Day with EZOO & Get a Free Charge Point This September

Celebrate World EV Day with EZOO & Get a Free Charge Point This September

To mark World EV Day at EZOO we’re supercharging the celebrations with a limited-time offer you won’t want to miss.

For the entire month of September, we’re giving away a free charge point, fully supplied and fitted to businesses that sign up for our salary sacrifice scheme and have an employee enrol on the scheme before the end of the year.

This amazing offer—worth up to £2,500*—is available for a limited time, only when you sign up with EZOO before September 30th.

How Does it Work?

When you sign up for an EZOO salary sacrifice scheme this month, you can qualify for a free supplied and fitted charge point. It’s the perfect way to future-proof your business and embrace the sustainability benefits of EVs.

Simply sign up with us in September with the promo code “EVSEPT” and get your charge point fitted for free when one of your employees signs up to salary sacrifice.

This offer is available for both new and existing customers. 

  • New customers who sign up have until the end of 2024 to sign up employees to qualify. 
  • Existing customers have until the end of September 2024 to sign up new employees to qualify.

Taking This Offer on the Road: Meet Us at EV LIVE!

Group of people in front of a car in front of the EZOO salary sacrifice banner

We’re excited to announce that we’ll be taking this fantastic offer on the road at the EV LIVE event this month.

Join us from September 13-15th at Blenheim Palace as part of our ongoing mission to make the transition to electric vehicles as seamless as possible.

EV LIVE is one of the UK’s premier events for electric vehicles, and it’s the perfect opportunity to learn more about how EZOO can help your business make the switch to electric.

Our team will be there to guide you through the details of our World EV Day offer, answer your questions, and let you know what benefits you can expect from making the switch to an EV.

Get in touch with us to find out more, or find out more about how salary sacrifice works for your employees and for your business.

*Value of the charge point is dependent on the car and model selected. Subject to availability.

We’ll Be At EV LIVE in September

The event takes place at Blenheim Palace on 13-15th September

What is EV LIVE?

EV LIVE is an annual event taking place in the stunning surroundings of the UK’s ‘greatest palace’ Blenheim Palace in Woodstock, Oxford.

The exhibition is a fantastic opportunity for visitors looking to learn more about electric vehicles and the industry as a whole.

EV LIVE will also feature an amazing array of activities for the whole family, such as racing sims, interactive experiences and other unique attractions, which will all be complemented by Blehheim’s world-class facilities.

What Can Visitors Expect from EV LIVE?

The event is perfect for anyone interested in purchasing an electric vehicle as the event will answer all the key questions about EV ownership, costs, charging and everything else you need to know.

Additionally, if you’re an existing EV owner you can learn more about the latest technologies, models and finance options available for your next vehicle.

The event will also include over 2,000 free test drives of some of the very best new and used vehicles, from compact city vehicles to SUVs, so you know which vehicles may work best for you and your family.

Join Us in September

Group of people in front of a car in front of the EZOO salary sacrifice banner

Whether you’re an experienced EV owner looking for your next upgrade or someone who’s just starting to explore the world of electric vehicles, we’d love for you to stop by and connect with us.

Our team is ready to chat with you about our latest offerings, answer any questions you might have, and help you find the perfect solution that fits your needs.

This event is family-friendly and open to all, so even if you’re just curious or want to enjoy a fun day out, we invite you to come along with an open mind and see what we have to offer.

Get your tickets here.

Don't Miss Our Limited-Time Offer

To mark World EV Day this September, we are offering a free home charge point (supplied and fitted) for any new companies that sign up for our Salary Sacrifice scheme this September and have an employee start a scheme at any point before the end of the year.

We’re also taking this fantastic offer on the road to include any business that signs up with us during EV LIVE, so don’t miss out if you’re attending the event!

If you’re an existing customer who has already signed up, don’t worry the same offer stilll applies, but your employees only have until the end of September to place a vehicle order to qualify for the free point.

Be sure to follow us and keep an eye out for all the latest news on what we’re up to. Whether you’re joining us in person or following along online, there’s plenty to discover, so don’t miss out!

What is EV Salary Sacrifice & How Does it Work?

What is EV Salary Sacrifice & How Does it Work?

To put it simply, an EV salary sacrifice scheme is a government benefit scheme that can help you afford to lease an electric car in a cost-beneficial way.

Essentially, you agree to give up a portion of your salary in exchange for an electric vehicle lease, and this arrangement allows for the lease payments to be deducted from pre-tax income, which lowers your taxable income.

This not only incentivises the adoption of environmentally sustainable vehicles but also offers significant cost savings by reducing your overall tax liability.

In this blog, we explain how EV salary sacrifice works, along with the benefits of the scheme and what type of electric car you should choose.

How Does EV Salary Sacrifice Work?

Are you interested in exploring how you can benefit from driving an electric vehicle while keeping the costs down?

The EV salary sacrifice scheme from EZOO offers a structured approach to acquiring a zero-emission car with financial advantages, which we’ve outlined below:

  • Car Leasing: Once an employer sets up the salary sacrifice scheme with us, they lease an electric car on your behalf, typically lasting between two and four years.
  • Simple Payments: The lease payments come straight out of your pre-tax salary. This means you’ll save between 30% and 60% on the cost of the car because the payments are deducted before tax.
  • Hassle-Free Experience: You can pick from a list of approved electric cars, and the one you choose will be delivered right to your door – with EZOO the wait can be as little as 7 days. The lease package covers everything: insurance, servicing, breakdown cover, and tyre replacement, so you don’t have to worry about extra costs.

Employers also benefit from this scheme, as the leasing company, such as ourselves EZOO, handles all the fleet management administration at no additional cost. This allows employers to offer valuable employee benefits with minimal effort.

Overall, the process is simple as we liaise with employers to handle the paperwork, while you enjoy the benefits of a zero-emission vehicle at a reduced cost. 

However, if you have more questions find out more about how it works here >

What are the Benefits of EV Salary Sacrifice?

Aside from the fact that you get to drive one of the latest electric cars of your choice, we have a large and ever-expanding fleet of vehicles for both long and short-distance driving.

There are other benefits to consider, including:

Big Savings

You could save between 30% and 60% on the cost of driving an electric car. The best part is that payments are taken directly from your pre-tax salary, which lowers your taxable income and National Insurance contributions.

Plus, you can say goodbye to the high costs of petrol or diesel. 

All-Inclusive Coverage

No need to worry about road tax, maintenance, or insurance as many EV salary sacrifice packages cover these, along with the installation of a home charger.

With fixed monthly payments and no need for a large deposit or credit check, managing your budget becomes much easier—and your credit rating stays intact.

Flexibility and Peace of Mind

You’ll have a wide range of electric vehicles to choose from and the option to upgrade every few years, depending on your contract.

You don’t have to worry about the car’s value or selling it when it’s time to switch. It’s all taken care of, giving you the freedom to enjoy the ride.

Helping the Environment

Electric cars stand out as the environmentally friendly choice compared to petrol or diesel vehicles. They’re powered by lithium-ion batteries that are charged with electricity, unlike combustion engines that run on fossil fuels.

This means electric cars produce no exhaust fumes, significantly reducing harmful greenhouse gases like carbon dioxide that are typically emitted by traditional vehicles.

An EV salary sacrifice scheme offers you an affordable way to drive a new or used electric vehicle, with the added convenience of fixed payments, comprehensive coverage, and flexibility that fits your lifestyle.

Choosing the Right Electric Vehicle for Salary Sacrifice

So, how do you know how to select the right electric vehicle through a salary sacrifice scheme?

This involves careful consideration of several key factors:

Vehicle Range and Battery Life

Assess how far the EV can travel on a single charge and its long-term battery performance. Consider your daily commute and driving habits. Opt for an EV with a range that suits your needs and check the battery warranty for peace of mind.

Charging Infrastructure

 Evaluate the availability of charging options. Look into local public charging stations and the possibility of installing a home charger. Convenient home charging can be a significant advantage, and many salary sacrifice schemes include this option.

EV Type and Size

 Choose from various EV types, including hatchbacks, sedans, SUVs, and luxury models. Consider your personal and family needs, such as passenger capacity and cargo space. Ensure the vehicle fits your lifestyle and practical requirements.

Charging Options

Ensure you have access to reliable charging infrastructure, whether at home, work, or public stations. Charging at home is typically more cost-effective, but if you rely on public stations, check their availability along your regular routes.

By evaluating these factors, you can select an EV that meets your needs while maximising the benefits of the salary sacrifice scheme.

Join Our Scheme Today!

An EV salary sacrifice scheme is a great opportunity to drive a new electric vehicle while enjoying significant financial benefits. By allowing you to exchange a portion of your pre-tax salary for an electric car lease, the arrangement not only reduces your taxable income but also offers savings on National Insurance contributions.

In addition, the lease scheme covers essential costs like insurance, maintenance, and road tax, making it a hassle-free and budget-friendly option. Plus you are helping the environment so a real win-win.

With a wide selection of electric vehicles, flexible contracts, and the added benefit of contributing to environmental sustainability, EV salary sacrifice schemes are a smart and accessible choice for those looking to embrace the future of driving.

Be sure to evaluate your options carefully and check with your employer to take advantage of this cost-effective, eco-friendly opportunity.

Get in touch with us today to find out more about what we can offer you.

Rev Up Your Green Credentials: Electric Vehicles and Salary Sacrifice Schemes for UK Businesses

bmw ix ezoo electric car subscription

The electric vehicle (EV) revolution is upon us, and businesses are increasingly looking for ways to embrace sustainability while offering attractive benefits to their employees.

Salary sacrifice schemes for electric vehicles present a win-win solution, allowing companies to contribute to a greener future and attract top talent with significant tax savings.

What is a Salary Sacrifice Scheme?

In a salary sacrifice scheme, employees agree to give up a portion of their pre-tax salary in exchange for a benefit. This reduces the employee’s taxable income, and therefore income tax and National Insurance (NI) contributions.

How Does it Work for Businesses?

As an employer, you partner with a salary sacrifice provider, like EZOO, who manages the entire process – from selecting cars to handling paperwork and maintenance. Here’s a breakdown of the benefits for businesses:

  • Cost-Effective: There are no extra costs to the company to run the scheme and it is a cost neutral benefit. The employer incurs no additional outgoings, and the employee gets the best value for money. It’s a win-win situation.
  • Attracts & Retains Talent: Employees are increasingly environmentally conscious. Offering an EV scheme demonstrates a commitment to sustainability and provides a valuable benefit that can attract and retain top talent.
  • Added Value: With more and more businesses supporting the EV market, additional perks, apps and services can be added to amplify the original employee benefit.
  • Boosts Employee Morale: When employees save money and contribute to a greener future, it can significantly boost morale and productivity.
  • Reduces Company Carbon Footprint: By encouraging employees to switch to EVs, your business will be adding a significant element to your internal ESG strategy as well as contributing to wider cleaner air and reduced carbon footprint goals.

Tax Advantages for Employees:

The biggest perk for employees lies in the tax savings. Here’s how it works:

  • Reduced Taxable Income: The sacrificed salary amount covering the cost of the car, is deducted from the employee’s gross salary before tax is calculated. This in effect reduces the salary on which the employee pays income tax and NI so these contributions are also reduced.
  • Lower Benefit-in-Kind (BiK) Tax: Electric vehicles currently have a very low BiK tax rate (2% from 2022 to 2025), compared to petrol or diesel cars (which can be as high as 37%). This further reduces the employee’s overall cost of driving the car.

Additional Employee Benefits:

Beyond tax savings, employees enjoy several other benefits:

Considerations for Businesses:

While salary sacrifice schemes offer numerous benefits, there are a few things to consider:

  • Scheme Provider Selection: Choose a reputable provider with a good track record and a wide range of EV options.
  • Employee Eligibility: Clearly define employee eligibility criteria based on salary level or job role.
  • Contract Length: Consider the length of the lease term (typically 2-4 years) to ensure it aligns with employee needs.
  • Early Termination: Establish a clear policy for early termination of the lease to manage potential costs.

Considerations for Employees:

Employees should also be aware of the following:

  • Reduced Take-Home Pay: The sacrificed salary portion will reduce the employee’s net monthly pay.
  • Mileage Restrictions: Some schemes may have mileage restrictions, so ensure it fits your driving needs.
  • Charging Infrastructure: Consider your access to home or workplace charging points before opting for an EV.

Salary Sacrifice From EZOO: Helping to accelerate sustainable driving.

We believe that salary sacrifice schemes for electric vehicles are a powerful tool for businesses to promote sustainability and attract top talent. With significant tax advantages for both employers and employees, and as the EV market continues to evolve, salary sacrifice schemes are poised to play a key role in accelerating the transition to electric vehicles in the UK, which is what we at EZOO fully support.

Our scheme therefore aims to make the adoption of salary sacrifice for businesses as simple and smooth as possible, helping you to deliver the best scheme for your employees.

Firstly, we manage the entire programme on your behalf; initially helping you through any initial administration and ensuring HMRC compliance and thereafter allowing you to focus on other employee business.

There are also no long-term contracts, in fact we are the only in house UK company to offer 12-month subscriptions through salary sacrifice. We also reduce your risk of being left with cars if your employee leaves.

Our market leading protection means that we will simply take the car back after just 2 months after delivery.

If you are providing a car scheme then you will likely want to provide adequate charging facilities onsite. We work with reputable partners who will guide you through the best options for maximising space and charging points.

Finally, we will help you launch the scheme to your workforce. As part of the experience of being in the EZOO family, launch days help employees find out more about the scheme, the tax benefits and savings and provide them with test drive opportunities in some of the best EV’s on the market.

For more information and FAQs on our salary sacrifice scheme get in touch with our team today to find out more.

EZOO’s New Subscription Model: Removing Cost Barriers to Electric Driving

We are excited to share that EZOO is now driving a new wave of changes in the UK’s electric vehicle subscription market. We are removing utilising refundable deposits (equivalent to one month payment terms) and reducing administration costs, whilst enhancing our onboarding experience and continuing to invest in our service and support.

We remain passionate about the positive impact electric cars have on our environment, and we believe this will help to remove some of the financial and operational concerns that can often be a barrier to driving away in an electric car from your favourite automotive brand.

For those who aren’t familiar with electric car subscriptions, instead of leasing your car over a long period, subscriptions offer more flexible, short and longer-term contracts, and a monthly payment that covers comprehensive insurance, maintenance and servicing, tax and 24/7 roadside recovery service as standard.

This is pay-as-you-go motoring which means you don’t have to worry about budgeting and scheduling payments for these different services separately.

Streamlined Onboarding

In addition, we have updated our onboarding process and reduced our onboarding fee by £200 to just £99, for all EZOO subscriptions. We care about quality and undertake extensive vehicle checks and due diligence to ensure all our cars are delivered in top condition.

Some of the EV driving technology can appear quite daunting, so our technicians will spend time taking you through how to optimise your driving experience and ensure that you are confident about EV charging.

All paperwork and registration processes are taken care of too – including activating the insurance and breakdown cover and ensuring you are able to drive freely in the ULEZ and congestion charge zones, which can be a complicated process for diesel and petrol vehicles.

Convenient Delivery Options

For our customers in England and Wales we now bring the showroom experience right to your door, offering personal delivery for just £199.

Customers in Scotland can also enjoy a tailored solution, with convenient collection from the Glasgow Hub and options for onward delivery too.

Ongoing Support

Even when you have taken delivery of your new EV and are enjoying all its benefits, EZOO’s operations team is available to answer any questions about your car, help you extend your contract or swap to another model and guide you through what to do if you are involved in an accident or breakdown.

EZOOs New Model Simplifies Everything

For those who are ready to embrace electric driving but are unsure where to start, EZOO offers a simple and supportive pathway.

From choosing your car, selecting your term through to delivery, our commitment is to make the process easy so more people can contribute towards a greener, more sustainable future—one subscription at a time.

Experience the convenience, flexibility, and peace of mind of electric mobility with EZOO today.

If you’re interested in learning more about our electric car range, salary sacrifice, or anything else we’ve covered in this piece, you can get in touch with us by dropping us an email at [email protected], or giving us a call on 0845 833 3200.