What Kind Of Savings Can You Expect
What Savings Can I Expect?
You can benefit from savings with tax, national insurance and possibly VAT, depending on the vehicle you choose.
Fully electric vehicles provide more savings as there is just 2% company car tax payable on EVs through to April 2025.
Could I get a better deal elsewhere?
The tax and national insurance savings are only available on salary sacrifice schemes through your employer.
When comparing personal lease deals most deals don’t include insurance premiums, Vehicle duty and maintainence costs. Salary Sacrifice covers all these costs in the monthly payment.
With a used vehicle, you would be responsible for all those costs, plus your vehicle losing value, and the chance of serious mechanical or electrical issues, which in some cases can cost thousands to put right.
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