Save up to 60% with loveelectric’s EV salary sacrifice scheme
Easy to use
No hidden fees
Happier staff
What is salary sacrifice?
Simply put: salary sacrifice is the most affordable, efficient and financially accessible way of getting behind the wheel of an electric car. It allows employees of a business to forgo some of their gross salary (i.e. pre-tax) to receive a benefit-in-kind. While ‘sacrificing’ your salary may sound daunting, the savings you receive far outweigh the modest reduction in your monthly salary.
How does salary sacrifice work?
01
Company signs up
It's completely free for your employer to join, run and manage. Fill out the form below and we'll send them a no-obligation info pack.
Get Started
02
Choose your car
You'll then get access to the loveelectric app. Here you can browse new and used electric cars, get access to exclusive special offers and order your car.
03
Free delivery
It's a bit like Prime, but for EVs. Order your electric car online and we'll deliver it, free of charge, directly to your door.
5,000 miles of free charging with loveelectric x OVO
Every salary sacrifice lease - new or used - comes with 5,000 free miles of charging on us.
No charger?
No problem.
Save £500 (on average) | Add a Hypervolt charger at checkout and save with salary sacrifice. Learn more, here.
The best
energy tariff
Switch to OVO, add on the Charge Anytime EV tariff and get 5,000 free miles on us. Then charge your electric car for only 7p/kWh - that’s less than 2p/mile.
Free miles
anywhere
Don’t have the option to install a home charger, or have an incompatible charger? Go for Charge Anywhere and redeem your 5,000 free miles out on the road.
Read full offer details here: Charge Anytime T&Cs | Charge Anywhere T&Cs*
*This offer is equivalent to 5,000 free miles across the term of the lease and not a cash value. You will receive a discount on public charging via promotional code. Currently, it does not include the Supercharger network, but we're working to include this soon.
*This offer is equivalent to 5,000 free miles across the term of the lease and not a cash value. You will receive a discount on public charging via promotional code. Currently, it does not include the Supercharger network, but we're working to include this soon.
Hear from our drivers
Electric car salary sacrifice employee FAQs
Do I need to pay a deposit?
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.
Which electric cars are available via salary sacrifice?
All of them. If it is on sale in the UK, we stock it. With the loveelectric 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.
What’s included in the salary sacrifice package?
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.
What happens if I leave my job during the contract?
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.
How do I encourage my company to join the salary sacrifice scheme?
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.
How do loveelectric's lease prices compare to others?
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 (considered to be 67 for the purpose of this scheme)
Are the monthly payments fixed or could they change?
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.