Electric car salary sacrifice –
everything you need to know
What is salary sacrifice for employees?
Electric car salary sacrifice lets employees access an EV for less, saving 30%-60%. You have access to all-electric vehicle brands that are sold in the UK, like a compact supermini like the Renault Zoe, an SUV like the luxury Mercedes EQA or Porsche Taycan and even a van like the VW ID. Buzz, there’s an electric car for you with EZOO.
Your car payments are deducted from your gross salary, helping you save money on your National Insurance and tax whilst offering low Benefit-in-Kind payments. You can choose from our subscription cars for as little as 12 months or a brand-new lease for 2-4 years. This includes your comprehensive insurance, maintenance, breakdown cover and more, guaranteeing hassle-free motoring that’s carbon neutral.
Employee salary sacrifice benefits
Salary sacrifice has some excellent benefits for employees, from saving money to hassle-free motoring.
Save up to 60% on an electric car
As your payment is deducted before you pay tax and national insurance, you’ll typically save between 30% and 60%
No insurance worries
Includes low-cost, comprehensive insurance
Servicing and maintenance included
Drive with peace of mind that everything is covered with your vehicle
24/7 breakdown included
While we’re on the subject, you’re covered even in the unfortunate event something does go wrong
Choose your commitment level
You choose your commitment level from 12 months (subscriptions) to 48 months (brand new lease)
No ULEZ or Congestion charges
We cover these costs so you can drive in London congestion zones*
*Subscription cars only
Salary sacrifice examples
from:
- £375
/ month
- Real World Range: 125 miles
Insurance included | Maintenance included
24/7 Breakdown cover | Total peace of mind
from:
- £875
/ month
- Real World Range: 230 miles
Insurance included | Maintenance included
24/7 Breakdown cover | Total peace of mind
from:
- £899
/ month
- Real World Range: 245 miles
Insurance included | Maintenance included
24/7 Breakdown cover | Total peace of mind
How employee salary sacrifice works
An EZOO salary sacrifice couldn’t be easier. This is the cheapest way of getting an EV
1. Your company signs up for the salary sacrifice scheme
2. You choose your car
3. Take delivery of your car
It’s paid from your salary before the tax and requires little to no input from you – just choose your car and tell us where like it to be delivered.
You’ll pay a low Benefit-in-Kind payment each month, but this will be taken straight off your salary.
What’s included in salary sacrifice
Your subscription or lease isn’t just for your EV. Salary sacrifice includes:
- Your electric car
- Servicing and maintenance
- 24/7 breakdown cover
- Fully comprehensive car insurance
- All congestion and ULEZ paid*
- Benefit-in-Kind savings
- Road tax
- Home charger (optional)
*Subscriptions cars ONLY and covers ONLY London
Why choose EZOO for your salary sacrifice
You can choose an EV subscription car for as little as 12 months or a longer made-to-order EV car lease between 2-4 years. You can even have a subscription car while you wait for your brand-new vehicle. EZOO are fully flexible, making it easy and tailored to your needs.
As all our electric subscription cars are ready to go, there are no long wait times; you can also switch any time after your initial agreement helping you test out and find the perfect emission-free electric car.
Employee salary sacrifice FAQs
Below, you’ll find the answers to all your employee salary sacrifice questions. Contact our expert team if you can’t find what you want.
What do I need to take out a salary sacrifice car?
The initial scheme is set up through your employer. All you need to do is get us in contact with your company’s decision-maker. Book a call here to learn more.
How many cars can I get with a salary sacrifice?
Typically, you can take out two salary-sacrifice cars. However, it will depend on your wage and company.
How much does it cost?
You pay for your lease through your gross salary. Based on your tax bracket, you can save 30%-60%. There are no deposits and flat payments throughout your lease term.
Does my company need to approve a salary sacrifice scheme?
Yes, they’ll need to set up the initial salary sacrifice scheme, but as it’s cost-neutral to them and takes little to no admin, there are very few reasons why they shouldn’t apply. It’s a WIN-WIN!
Which cars can I save the most on?
This changes from car to car and is based on your salary and tax bracket. The Benefit-in-Kind is based on the car’s value, so the more expensive, the higher this will be. However, until at least 2028, the BIK for EVs is fixed by the Government.
What happens at the end of the term?
An account manager will contact you three months before your lease or subscription ends. You can decide to return the car or discuss ordering a new one.
Can I extend my agreement?
You can extend this past the initial 12 months if you have a subscription. If you have a brand-new lease, the car is returned, and we look forward to putting you into a new one.
Am I liable for any damage/charges?
Yes, you will be liable for damage outside normal wear and tear.
What happens with speeding fines and tickets?
You are responsible for fines, including parking and bus land charges, penalties for speeding and other enforcements, and any toll or congestion charges. They will be taken directly from your salary.
Is salary sacrifice worth it?
YES! Salary sacrifice is a fantastic way to take out a subscription or lease an electric car. You can save up to 60%, stay updated with the latest tech and commit to as little as 12 months. Just hand the vehicle back when you’re done.
Can other people drive my salary-sacrifice car?
Yes, you can add up to four named drivers to your vehicle for a low monthly fee, so it’s perfect for families.
What happens if I leave the company?
You will be liable for early termination charges if they resign during the initial contract period, not covered by EZOO risk protection. If outside the agreement, you can return the vehicle.