How does electric car salary sacrifice work for employees?
We offer the UK’s first all in-house EV salary sacrifice car subscription
Save between 30-60% on your electric vehicle
Cost neutral for your employer
Access premium EV cars for a fraction of the price
Includes insurance, maintenance, road tax & more
What is an electric car salary sacrifice scheme?
At EZOO, we offer a scheme that works differently to a typical EV car leasing scheme. Instead of an employee paying with post-tax income, the monthly fixed payment terms are deducted from your salary before Income Tax or National Insurance is deducted, known as salary sacrifice.
While the percentage of savings available depends largely on the following factors:
- Salary
- Marginal tax rates
- Benefit in kind tax rate
Typically, you’ll save between 30% and 60%, but you can calculate more accurate savings right here. Essentially the more tax you pay, the more you’ll be able to save through an EZOO salary sacrifice scheme.
How does salary sacrifice work for employees?
1
Your employer leases an EV
2
Get your car within 7 days
3
Save thousands of pounds
An electric car salary sacrifice scheme allows you, as an employee, to save between 30-60% on a new or used electric car of your choosing. As mentioned, this works by using a portion of your pre-tax salary deducted each month to cover the monthly costs of the car payments.
With EZOO, we offer a completely in-house service, which means we take care of the hassle of:
- Insurance
- Servicing & Maintenance
- Road Tax
- Breakdown Cover
- ULEZ & Congestion Zones
Simply choose your EV, select the term (from 12 months onward) and you could have a brand new electric car on your drive in as little as 7 days.
For your employer, salary sacrifice is a fantastic cost-neutral benefit that they can arrange with minimal fuss, at no extra cost to them.
Our salary sacrifice scheme is fully flexible with a range of options to choose from, to ensure that you can drive away in a brand-new EV with minimal hassle.
Electric vehicle salary sacrifice FAQs
Do I pay anything upfront?
No, you don’t need to place a deposit for your salary sacrifice EV with EZOO. You agree to a monthly payment which is taken directly from your pre-tax salary.
The payments only begin once you take delivery of your vehicle, so there is no initial cost burden to you.
Can I buy the car at the end of the agreement?
Typically our customers choose not to purchase the car at the end of the agreed term – normally they choose to upgrade to a new model instead.
However, if you’d like to purchase the model at the end of the agreement, please speak to a member of our team to learn more about your options.
How can I get an electric car salary sacrifice scheme set up with my employer?
If your employer hasn’t signed up with EZOO on our electric car salary sacrifice scheme, getting them setup couldn’t be easier. All you need to do is ask your Director or HR department to give us a call to get them on boarded to the scheme, which is completely cost-neutral to them.
You can also refer them to us here >
Popular EV manufacturers we stock
Why choose the EZOO salary sacrifice scheme?
Save up to 60%
We have models to suit all tastes and budgets
Premium EV models
Choose from some of the world's best EV car brands
Full coverage
Insurance, maintenance, tax and more are taken care of by EZOO
Cost neutral for businesses
It’s completely free for companies to sign up to
All-inclusive offering
Everything you need is bundled into a single all-inclusive offering
Net Zero
Offering an EV on salary sacrifice is a great way to push towards Net Zero
Salary Sacrifice examples
New Porsche Macan Electric
Salary: £125,000 per annum
Contract: 48 months
Annual mileage: 5000 miles
£599 per month, saving of 59%
Audi Q4 e-tron
Salary: £100,000 per annum
Contract: 48 months
Annual mileage: 5000 miles
£217 per month, saving of 40%