The Real Cost of Salary Sacrifice: Go Green!

Salary sacrifice schemes have been around for quite some time. Many businesses offer a variety of different perks and benefits available to staff as a way to reward, engage and retain their services. Common options can include childcare vouchers and additional pension contributions. One particular salary sacrifice scheme has been capturing the attention of both employers and workers alike. Thanks to the government support, many are now opting for green cars on salary sacrifice. But maybe you’re wondering, “what’s the real cost of salary sacrifice?” Well, we’re here to let you know!

Green car salary sacrifice schemes work in exactly the same way as other salary sacrifice benefits. As information about the costs isn’t always readily available, many would-be EV drivers are still left in the dark! They don’t know little of their pay packet they’ll have to part with to be driving a brand new electric car. This is a shame as EVs and hybrids not only offers cost-effective motoring but also helps to cut emissions and save the planet too!

We like to keep things simple and straightforward here at Fleet Evolution. That’s why, to keep things crystal clear, we’ve compiled some general quotes for a range of models to suit all needs and budgets! These prices are accurate as of January 2021 and are based on 10,000 miles per annum over a 3-year fixed term.

Tesla Model 3 Long Range

NET 20% – £549.79

NET 40% – £468.94

Kia e-Niro

NET 20% – £439.49

NET 40% – £374.86

Mini EV

NET 20% – £337.10

NET 40% – £287.52

The prices above are for some of the newest and best electric models on the market! If they aren’t enough to convince you that salary sacrifice is the way to go, keep reading! Not only will you be paying 0% BIK (benefit in kind) until April 2021, you’ll only pay 1% until April 2022! Compare this to a diesel car with 36% benefit in kind tax! Makes me sick… But perhaps best of all, you’ll be paying less tax and National Insurance on your earnings too!

Better still, car maintenance, road tax, insurance, servicing, breakdown cover, and accident management costs are all included in your monthly payment! This means that you have a brand new, beautifully maintained car that you can choose to hand back, upgrade, or buy at the end of your term.

And with running costs anywhere between £2 to £4 per charge that will give you around 250 miles of clean, green motoring, isn’t it about time that you considered green car salary sacrifice?

To find out more about how Fleet Evolution can help arrange a green car salary sacrifice scheme for your business, contact us on 0300 302 0626 today.