We’ve been asked again and again about ‘salary sacrifice’ and electric company cars since we last covered them in 2021. Leasing vehicles rather than owning cars continues to grow in popularity with between 20-30% of drivers in the UK now opting to lease a car.
Salary Sacrifice Schemes for electric vehicles, which allow employees to pay for a vehicle lease pre-tax combined with a much smaller Benefit-in-Kind tax rate compared to petrol or diesel cars sounds appealing! So we went to Octopus Electric Vehicles to get the lowdown!
@fullychargedshow @EverythingElectricShow
Timestamps
0:00 The Rise in Leasing a Car
0:52 What is Salary Sacrifice?
1:22 Benefit in Kind Rate (BIK)
1:52 What’s Included in the Monthly Payments?
2:33 New and Second Hand Cars!
3:08 Potential Savings
4:36 Rebranding Total Cost of Ownership! We need your help!
6:04 Salary Sacrifice, where do I start?
6:54 Second Hand Car Market!
7:51 Test Drives
8:40 Accessible to Everyone?
9:55 Getting your Company Involved!
11:09 Workplace Charging
11:44 The Overall Ecosystem!
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