What Cars Are Available On Salary Sacrifice | Fleet Evolution

Salary sacrifice schemes are fast becoming a very popular offer for companies to provide company cars and for employees to gain great tax benefits, a brand new car, and save money on upfront costs. But what cars are actually available? For starters, salary sacrifice schemes are one of the best ways to get brand new cars, and on top of that, they are one of the best ways to get electric vehicles. Ultra-low emission vehicles save you even further money due to the tax benefits and the lower cost of petrol or diesel, depending on if you choose a hybrid or a fully electric vehicle, you could even cut the cost of petrol altogether. In this piece, we are going to look at some of the top electric cars available on salary sacrifice schemes today!

What Are Car Salary Sacrifice schemes?

So, how does salary sacrifice work? Simple, just like other finance options, you agree to a monthly cost to pay for your brand new car. However, with a salary sacrifice car scheme, you deduct the amount from your gross salary. This means you pay less tax and national insurance contributions as your income is technically lower.

This means, unlike leasing or financing, it does have to be conducted through your company, so salary sacrifice schemes are only available to you if your company offers them; however, it works in a company’s favour to offer salary sacrifice cars as it is a hassle-free benefit for employees that has no extra administration time or additional fees for the company, they just have to put it through the payroll system.

Hence, if you’re a company finding a way to offer your employees a company car, then salary sacrifice schemes are one of the best ways to provide company cars.

Electric Vehicles on Salary Sacrifice Car schemes

On top of the amazing tax benefits available through salary sacrifice car schemes, it is also a fantastic way to afford electric vehicles. Ultra-low emission vehicles are soon to be a must, especially with the rising prices of fuel, so if you’re going to have a new car, why not have a look at the amazing electric cars on offer through salary sacrifice car schemes.

Not only can you save money on tax and national insurance contributions, paying less income tax thanks to salary sacrifice schemes, but you can also pay less for petrol or diesel, and help the environment at the same time.

What Cars are Available on a Salary Sacrifice Scheme?

Here are some of the amazing electric cars available on salary sacrifice now!

Mini Electric

The Mini Cooper is a staple of British culture, and it has continued to be a desirable car with its modern redesign and affordable price range. It is a great personal car for city driving thanks to its smaller size, but it also does extremely well on the motorway and long distances. Its electric version can do 140 miles on one charge, which is incredible considering the size of the vehicle! This is a great electric vehicle option.

MG 5

214-mile range, nice comfortable size, available through Fleet Evolution from £300 a month!? Bargain! MG has entered the electric car market strong with this vehicle, and purchasing it through a salary sacrifice scheme allows you to avoid hefty upfront payments, and make some great savings at the same time. This is a great option if you have a family or wish to carpool with colleagues as it has that extra space to accommodate passengers nicely.

Tesla Model 3

When you think of Electric vehicles, you think of Tesla! They have been a leading market force in electric car technology for years, and rightfully so, their vehicles are some of the best on the market and continue to innovate and improve electric technology for the better. The Tesla Model 3 has a range of 360 miles! Which is leaps and bounds above the average range of an electric vehicle.

Ford Mustang Mach E

Now, if you want a fashion statement, a true eye-turner, then you want a Mustang! Believe it or not, this American classic is now available as an electric car, that’s right, the classic muscle car is now saving the environment.

There are many other electric vehicles available on salary sacrifice car schemes, from Audi’s to VW’s, speak to a salary sacrifice car scheme provider to see the full range of salary sacrifice for electric cars.

Why Should You Choose a Salary Sacrifice Car Scheme?

You have to pay income tax and most people need a car. So, if you can have a car that saves you money on your tax payments, why would you say no? On top of that, you can have top-of-the-range electric vehicles with no upfront costs, it’s a no-brainer. Technically, your employees take home less money, but they would with a lease deal or other finance options anyway. With salary sacrifice car schemes, the benefits outweigh the negatives!

*Note: Prices are accurate as of February 2022 and are subject to change. For updated quotes on a crazy range of electric vehicles, get your logon to our Quote Engine here and get browsing! Alternatively, you can download our Electric Revolution guide below!