Electric car salary sacrifice for drivers
Save 30-60% on any new or used EV.
Salary sacrifice
for drivers
Salary sacrifice is the most affordable way to lease an electric car, allowing our drivers to save £100s every month.
By giving up a small proportion of your pre-tax salary you get a fully-insured, fully-maintained EV up to 60% of the price!
Our fully comprehensive insurance covers you, your vehicle and up to two additional drivers.
Maintenance, servicing, MOT and tyre replacement are included as standard.
Enjoy 5,000 free miles of charging on us, thanks to our partnership with OVO.
We'll never ask for a deposit, and there are no hidden fees.'
What's included with my electric car lease?
With loveelectric you get more than just an EV. We offer the full package in one simple monthly payment.
To get started, you'll need your employer on board. Refer them below and we'll do the heavy lifting!
Why lease with loveelectric?
Our salary sacrifice scheme was built from the ground up, offering drivers unparalleled access to affordable EVs.
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How does it work?
Getting set up with loveelectric's salary sacrifice scheme is easy. To get started, we'll need your employer on board. Let them know about loveelectric and we'll do the heavy lifting.
Click on “refer your company” and provide us with a few simple details about your company.
We’ll take it from there! We’ll contact your nominated contact at your company and get the scheme up and running.
Then all you have to do is select a EV from our huge range of stock. You’ll get up to 60% off your EV by paying a small potion of your pre-tax salary, meaning you save and pay less tax. Win win!
Here’s what drivers like you have to say
The process was very quick. Any questions I had were answered promptly, full support from A to Z. Thank you Love Electric
20th November 2024
Such great service and communication from Freya throughout the whole process. I signed up for a re-loved model and received the car within a couple of weeks.
19th November 2024
Great experience so far, having just taken delivery of our new Audi Q6! Loveelectric were really helpful right from the start and kept us updated on the order once place.
14th November 2024
Frequently asked questions
No, there’s no deposit required. Once your company has signed up to loveelectric’s EV salary sacrifice scheme, it’s completely free to join our app and browse our cars. There are no deposits or hidden fees, just one simple monthly price that covers everything you need.
All of them. If it is on sale in the UK, we stock it! With loveelectric’s EV salary sacrifice scheme, you can choose from a diverse range of electric cars: from all brand-new electric cars to used EVs. Fancy a Tesla Model Y? No problem! Got your eye on the award-winning Hyundai IONIQ 5? It’s yours. Want to branch out and drive in style with an electric sports car? The Porsche Taycan is available, too. With a great range of used electric cars too, you can choose from hundreds of cars to suit your budget and requirements.
Our salary sacrifice leases offer an all-in-one package, meaning you don’t have to worry about a thing. Every lease comes with the following as standard:
- Your choice of either a brand new or used reloved ® electric car
- Fully comprehensive insurance (if your employer has opted in)
- Maintenance and service package
- Replacement tyres due to wear and tear (subject to terms and conditions)
- Accident management services
- Breakdown assistance and recovery
- Early termination protection (if you want to return the car)
- MOT (if required)
- 5,000 miles of free charging
You’ll also have the option of adding a smart home EV charger as part of your package, which can either be paid via salary sacrifice in one lump sum or spread across the duration of the lease.
This is a question we get asked a lot and is a particular worry for people interested in a salary sacrifice deal. Our industry-leading Flexible Returns Options offer the following choices in the event that you leave your current employer while the lease is still in place:
- Transfer the deal to your new employer: This will be our first option if you want to keep the car. We’ll work with you to see if your new employer would be open to joining the scheme and transferring the lease. This would allow you to continue driving the vehicle.
- Novate the lease with your existing employer: If option one isn’t viable, the lease agreement can be novated (transferred) to another employee at your current company who is willing to take the lease on.
- Advertise the car on our reloved® marketplace: We’ll list it on our app to all of our users who are looking to get a car. This gives them the option to take on a potentially shorter term, cheaper lease. It offers great peace–of-mind for if you’re looking to exit the lease early.
- Early Termination Protection: To help protect you and your employer, our Early Termination Protection means that - in most cases - you’ll only need to pay one month’s fee as an exit charge, rather than the entire remainder of the contract. Please familiarise yourself with our ETP for a list of exclusions and conditions.
We have plenty of employer-focussed materials that can help you persuade your company to sign up to the scheme. It’s completely free of charge to join, run and operate - so most are open to implementing it. Let them know you’re interested in joining and fill out our short enquiry form to refer your company. We’ll then send them an information pack to get the process started.
To be eligible for an electric car as part of our salary sacrifice scheme, there are a couple of general requirements, such as:
- Aged 18-65 (maximum of 66 at end of lease term)
- An employee of a company that has joined our salary sacrifice scheme
- Paying Income Tax and National Insurance
- Able to afford the agreed payments
- Not planning to retire or resign during the lease term
- Not going to reach retirement age during the lease term
The rental and insurance price are frozen for the duration of the lease, so you know there aren’t going to be any large price hikes midway through your contract. We’re unable to account for Road Tax (or VED) and the Benefit in Kind (or BiK) tax will rise by 1% each year from April 2025 onwards, before being capped at 5% in 2028. Don’t worry though, when taking out a lease, we show you a complete breakdown of your payments and how much each section costs.