6 ways having an electric car on salary sacrifice can make your life easier

Thinking about going electric, but unsure about the concept of salary sacrifice? You’re not alone.

If you’ve never explored salary sacrifice before, it might sound complicated, but it’s actually one of the easiest and most affordable ways to drive a brand-new electric car.

So, let’s break down how an EV salary sacrifice scheme can make your life easier and why it’s a smart choice for anyone looking to drive electric without the hassle of ownership.

Whether you're after a brand-new or used electric vehicle, an EV salary sacrifice scheme is the most cost-effective way to drive electric. Since the payments come from your gross salary, you’re saving on Income Tax and National Insurance, which means you're getting your EV for significantly less than the total cost of owning or leasing a petrol or diesel car.

When you join the Octopus EV salary sacrifice scheme, you’re not just getting a car - you’re getting the whole package. From servicing, maintenance, and repairs to insurance and breakdown cover, everything comes under one single payment.

In a traditional lease, you’d be juggling separate bills for each of these, but with our salary sacrifice scheme, it’s all bundled together. And the best part? You’re saving on National Insurance and Income Tax, meaning even your MOTs and servicing are benefiting from tax savings - when does that ever happen?

Worried about whether your credit score will affect your ability to get an EV on salary sacrifice? No need! Unlike other car financing options, with salary sacrifice, you don’t need to go through a personal credit check. While your employer will need to pass one to set up the scheme, you, as an employee, can skip that hassle altogether.

And the extra icing on the cake - this means it’s a much easier and quicker process for you - no stress, no delays, just a brand-new EV ready to drive.

With our EV salary sacrifice scheme, there’s no need to worry about scraping together a big deposit to drive off in your car. Unlike traditional leases, most salary sacrifice schemes require zero deposit, meaning you can get behind the wheel of a top-spec EV (new or used) without a huge upfront cost.

Plus, with the savings on Income Tax and National Insurance, you’re still driving a premium car for far less than you’d expect.

One of the great advantages of salary sacrifice is that you’re not responsible for owning the car - so you don’t need to worry about depreciation or fluctuating resale values. With traditional car ownership, the value of your car usually drops the moment you drive - but with salary sacrifice, that’s not your problem. You’re simply driving the EV for a fixed period, enjoying the benefits without the long-term financial commitment.

Plus, since you don’t own the car, you can easily switch to a newer model when the contract ends - no hassle of selling or trading in your old one.

Unlike traditional company cars that come with strict limitations - think no personal use or worrying about keeping it spotless for work purposes—an EV on salary sacrifice is yours to use however you like. Whether it’s your daily commute, a weekend road trip, or even the school run with kids munching bananas in the back, your car is your own to enjoy. No need to stress about mixing business with pleasure!

And, as an added bonus, EVs have much lower Benefit-in-Kind (BiK) tax rates compared to petrol or diesel cars, meaning you’re paying less in tax while enjoying all the personal use you want.

An EV salary sacrifice scheme doesn’t just help you go green - it simplifies your life with savings, convenience, and ease of use. With no credit checks, no hefty deposits, and everything covered in one package, it’s the easiest way to get a brand-new electric car while saving money.