Salary Sacrifice Car Schemes
A tax-efficient way to put your employees in an electric car.
About Salary Sacrifice Car Schemes
Salary sacrifice: employees take a new EV from gross salary before tax and NI, creating significant savings for both employee and employer.
With the 2% BIK rate on electric vehicles, salary sacrifice is now the most cost-effective way to drive a new EV. The scheme is administered through Cocoon Vehicles Limited, and all vehicles include maintenance, road tax, and breakdown cover. Employees effectively get a new EV at a substantially reduced net cost compared to personal leasing.
What's Included
- Maintenance and servicing
- Road tax
- Breakdown assistance
- Manufacturer warranty
- Whole-of-life cost savings vs personal lease
Important
All business leasing and non-status applications are strictly subject to status and underwriting approval. No adverse credit, county court judgments (CCJs), or similar financial history considered.
Frequently Asked Questions
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