DYNAMIC DEPOSITS

Upfront deposit,
bigger discount.

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Excellent  4.8 out of 5
Illustration of a blue SUV vehicle with a price bubble containing a pound (£) symbol, placed above a horizontal timeline, signifying financial or deposit-related information.

What are the benefits of Dynamic Deposits?

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For drivers

Maximise the savings on your car  by adjusting the level of deposit you’d like to pay.
Lower the monthly rental costs after the first 3 months of your lease.
Tailor your payment schedule to suit your budget.
Completely optional: choose your level of deposit.
Particularly beneficial for drivers in higher tax brackets who’d like to maximise their savings.
Download explainer
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For businesses

Reinforces flexibility and affordability for your colleagues.
Remains totally cost-neutral for your business - no additional fees or expenses.
Ensures maximum uptake and colleague satisfaction
Makes it a 'no-brainer' for senior colleagues to lease an EV and stay with the company.
Offer the UK's best EV salary sacrifice scheme on the market.
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How do Dynamic Deposits work?

Dynamic Deposits offer drivers maximum payment flexibility, a reduction in their monthly lease cost and a discount on their total lease amount.

Download explainer

Decide if a deposit is right for you

Dynamic Deposits are completely optional. Add a deposit and save or pay a single monthly fee* for the duration of your lease.

Select deposit amount

Tailor the amount to suit your financial needs and choose between different levels of deposit.

Spread it across 3 months

The amount you select will then be added to the first 3 monthly rental amounts.
Visual of an electric vehicle with a badge reading ‘Electric,’ showcasing a total discount, alongside a timeline highlighting a deposit mark.

How much could you save?

The total discount available is dependent on the size of deposit, salary and value of the car.

Typically though, the larger the deposit, the more you'll save.The levels of deposit available are dependent on your salary and the gross lease cost.

This is because your salary deduction mustn't take you below the National Minimum Wage threshold.Prefer a flat payment schedule? Select Level 1 and your deduction will remain the same month-to-month.*

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Dynamic Deposit pricing example

You can tailor the amount of deposit you'd like to pay to suit your specific financial needs.

Black electric SUV from a side angle, featuring sleek design with a logo reading ‘loveelectric’ on the front plate.
Porsche Macan
10,000 miles
48m contract
Gross:
£1,296/month
Net:
£774/month
Deposit amount
Monthly rental
(Months 1-3)
Monthly rental
(Month 4 onwards)
Discount
Level 1
£774
£774
£0
Level 2
£1,327
£730
£314
Level 3
£1,464
£713
£646
Level 4
£1,590
£698
£919
Level 5
£1,704
£686
£1,131
Figures based on a £75k annual salary,  AB10 Postcode, 1980 Date of Birth and  incl. insurance. Correct as of 22nd January 2025.
*Your deduction amount may fluctuate in line with Benefit in Kind (BiK) rate changes and/or your employer's National Insurance Contribution (NIC) rates.
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Frequently asked questions

What's the maximum amount of deposit I can put down?

There's no set figure, as it depends on a multitude of factors such as your salary and lease cost. We offer 5 levels of deposit; 1 being no deposit and 5 being the maximum deposit available. If a higher level of deposit would bring your salary below the minimum wage, then it'll be restricted from view at the point of ordering.

Do I have to put down a deposit when ordering a car?

Nope. Dynamic Deposits are completely optional. If you want to pay a flat fee throughout your lease term from the beginning, then simply select Level 1 at point of ordering.

Can I spread the deposit across more than 3 months?

Currently, you're only able to spread the deposit amount across the first 3 months of your lease.

How much of a discount will I receive by placing a deposit?

The benefits of increasing your payments in the first 3 months are two-fold. Firstly, your monthly payments from Month 4 to the end of your lease term, will be lower. Secondly, we offer an additional discount on top of the salary sacrifice savings. The higher the level of deposit, the more discount you'll receive.