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Unlocking the Benefits of Salary Sacrifice for Premium Electric Vehicles

Imagine driving a luxury electric car like a Tesla Model Y, an Audi Q8 e-tron, or even a Porsche Taycan, without facing the hefty upfront costs. Thanks to EZOO’s salary sacrifice scheme, this dream is easily achievable, offering remarkable vehicles at a fraction of their typical cost.
 

How Salary Sacrifice Works

A salary sacrifice scheme allows employees to exchange a portion of their gross salary for a premium benefit, such as an electric vehicle. Because payments are deducted before tax and National Insurance contributions, employees can enjoy substantial savings, often between 30% and 60%, compared to traditional leasing or outright purchasing methods.
For example, a Tesla Model 3 that might typically cost upwards of £900 per month under conventional leasing terms could be significantly reduced through salary sacrifice, often making it financially accessible for professionals at all levels.
 

Benefits for Employees

  • Access to Luxury: Employees gain access to high-end vehicles without the upfront financial burden.
  • Significant Savings: Reduced monthly payments thanks to tax and National Insurance efficiencies.
  • All-Inclusive Convenience: EZOO’s comprehensive packages include insurance, servicing, maintenance, road tax, and breakdown cover, removing the typical headaches associated with vehicle ownership.
  • Flexible Contract Options: Choose between shorter-term subscriptions or fixed-term leases, adapting seamlessly to changing needs.

Why Company Owners and Directors Should Consider Salary Sacrifice

As a company owner or director, providing salary sacrifice options to employees isn’t just beneficial for staff, it’s advantageous for your business too:

Financial Efficiency

The EZOO salary sacrifice scheme is designed to be cost-neutral for employers. The administrative fee is directly offset by savings in National Insurance contributions and VAT, ensuring no additional cost burdens.

Enhanced Employee Satisfaction and Retention

Offering a premium benefit like access to luxury electric vehicles significantly boosts employee morale and retention. In a competitive job market, such benefits can set your business apart, making it more attractive to potential recruits.

ESG and Sustainability Commitments

Adopting a fully electric fleet helps your company meet Environmental, Social, and Governance (ESG) goals, reducing your carbon footprint and enhancing your corporate image as a forward-thinking and environmentally responsible business.

Comprehensive Early Termination Cover

EZOO offers robust early termination coverage, ensuring your business isn’t financially exposed if employees leave or face significant life changes. This coverage provides peace of mind and financial stability.

Real-Life Luxury at an Accessible Cost

Consider this scenario: through EZOO’s scheme, an employee choosing a Porsche Taycan could see their monthly costs significantly reduced compared to a conventional leasing arrangement, making what was previously an aspirational vehicle a practical reality.

Meanwhile, directors or business owners opting for high-end vehicles such as the Audi Q8 e-tron not only enjoy substantial financial savings personally but also reinforce the company’s commitment to sustainable luxury and innovation.

EZOO’s salary sacrifice scheme effectively transforms the dream of driving premium electric vehicles into an attainable reality for employees and a strategic advantage for employers. With substantial financial benefits, flexible contract options, and all-inclusive packages, there’s never been a better time to embrace this opportunity.

Unlock the power of premium EVs at a fraction of the cost and drive your business toward a greener, more sustainable future with EZOO.

Get in touch with a member of our team today to discuss how much you or your employees could save with a salary sacrifice scheme.