What are the benefits of Dynamic Deposits?
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.
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.
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.
Decide if a deposit is right for you
Select deposit amount
Spread it across 3 months
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.*
Dynamic Deposit pricing example
You can tailor the amount of deposit you'd like to pay to suit your specific financial needs.
(Months 1-3)
(Month 4 onwards)
*Your deduction amount may fluctuate in line with Benefit in Kind (BiK) rate changes and/or your employer's National Insurance Contribution (NIC) rates.
Frequently asked questions
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.
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.
Currently, you're only able to spread the deposit amount across the first 3 months of your lease.
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.