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The ultimate buyer's guide to choosing an EV salary sacrifice scheme
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Electric Car Salary Sacrifice: A Guide to Tax Bracket Savings
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LOVE YOUR ELECTRIC CAR SALARY SACRIFICE SCHEME

Easy to use
No hidden fees
Happier staff
How It Works
Book a Demo



About


HOW DOES AN ELECTRIC CAR SALARY SACRIFICE SCHEME WORK?




EMPLOYERS

Sign up for free, manage it via our dedicated portal and improve your benefits
package tenfold.


EMPLOYEES

Lease an electric car using your pre-tax pay and save £100s every month.

Employer?
Implement the UK's best salary sacrifice scheme with loveelectric
Book a Demo
Join Webinar
Driver?
Get up to 60% off a brand new electric car with loveelectric's salary sacrifice
scheme
Search EVs


HR COMMUNITY APPROVED



We're partnered with the UK's leading HR community - HR Ninjas. As their
official Electric Vehicle Partner, we're in daily contact with 10,000s of
in-house HR professionals - so we know the concerns and challenges you may have.






CHOOSE LOVEELECTRIC. YOU’LL BE IN GREAT COMPANY.



Trusted by 1000+ companies and 10,000s of employees.


Benefits


LOVEELECTRIC VS.
THE COMPETITION




LOWEST PRICES


Get the best prices from the UK's leading leasing companies.



TAILORED FIT


We’re made for modern companies that offer best-in-class benefits.



STRAIGHTFORWARD


Our dedicated company portal makes life easy for your HR and Finance teams.



MAXIMUM PROTECTION


Ensure your business is protected against unexpected costs with our
comprehensive Risk Mitigation Cadence.



ETHICAL BUSINESS


We're a pending BCorp. 10% of our profits go directly to charity and green
initiatives.



TOTAL TRANSPARENCY


We are paid a fixed commission and keep things simple with one monthly price for
everything.



SPEAK TO AN EXPERT


Book a Demo
Join Webinar




EVERYTHING MANAGED IN ONE PLACE



Our dedicated Employer Portal collates all of the key information into one,
easy-to-digest, dashboard.



Access all template documents



Track the order status of any cars



Receive payroll reports



Reviews


HEAR FROM PEERS


“Offering a cost-effective car option for our employees - without burdening the
organisation - was a no-brainer.”


Geoff Bryan, Director of IT The Park Academies Trust
Tesla Model Y




FAQs


ANSWERS TO THE MOST POPULAR QUESTIONS


Will my company be eligible?

We want to support all businesses, big and small, in empowering their staff to
make the switch to electric. However, the scheme won’t be right for every
company. A good rule of thumb is that businesses in our scheme should have been
trading for at least 2 years and be profitable.

How does the scheme work for an employer?

Once you’ve read the documentation and you’re happy to join, we’ll send you a
simple contract to sign up to our free service. We’ll give you the marketing
materials, plus a unique link to our live quotation site, from which new
electric vehicles can be ordered. On top of that, loveelectric will give you
ongoing support with payroll and tax arrangements. What’s not to love?

What happens if my employee leaves?

We provide early termination protection as standard. This means that if your
employee needs to terminate the lease early, several options are available to
you. The first option would be to transfer the contract to another employee. The
second option would be for us to transfer the lease to the new employer (if
applicable). If neither of these options are feasible, don’t worry, we will
protect the employer against any early termination charges levied by the leasing
company. All your employee will need to pay is an administration charge of one
month’s rental. Ts and Cs apply.

How much admin is involved?

We have built an end-to-end solution that makes joining, launching and managing
the scheme very easy. The first step is talking to our dedicated support team to
ensure the scheme is right for you (this may involve a credit check before
signing a master hire agreement).  When you launch, loveelectric will support
you with marketing materials to get staff buy in. We then give your employees
access to a dedicated portal where they can get personalised EV quotes (where
all the salary sacrifice calculations are done for them). We manage the
end-to-end order process (all paperwork is done digitally) and also provide you
with support to amend employee contracts and payroll.

As a Director, should I get an EV using business contract hire or salary
sacrifice?

If you are primarily remunerated via salary, then salary sacrifice is usually
the better option for tax purposes. Salary sacrifice should be viewed as an
employee benefit, and it is ideally suited to organisations who want to retain
talent. Company owners or directors who are not primarily remunerated via a
salary, may prefer a ‘business contract hire’ option. Owners can deduct the full
cost of EV rental from profits, and can recover 50% of VAT on the rental when
it’s for private use, or 100% when it’s for business use only.

How do loveelectric's lease prices compare to others?

As an independent broker, we get access to the lowest priced deals. To achieve
the best value for our customers, we partner with specialist salary sacrifice
leasing companies and believe wholeheartedly in price transparency. As such, we
are paid a fixed commission for each vehicle, with a single monthly service fee.
The prices you see on our site are the price you’ll get - inclusive of
servicing, maintenance, early termination protection service and the
loveelectric fee - keeping it clean and simple for businesses and employees
alike.

How do I sign up?

It’s simple. Click here for our information pack then we’ll follow up to get you
up and running.


Employer?
Implement the UK's best salary sacrifice scheme with loveelectric
Fuss-free to set-up and run
Completely cost-neutral
Hit CSR & ESG targets
...psst, it also looks great on a CV or annual review
Book a Demo
Join Webinar
Driver?
Get up to 60% off a brand new electric car with loveelectric

No deposit required
Everything included in one monthly price
Order online: like Prime, but for electric cars
Search EVs


hello@loveelectric.cars

Love Electric Financial Services Limited is a credit broker and not a lender.
For drivers
Electric cars
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Important Information
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Partners & Members



loveelectric is a trading name of Love Electric Financial Services Limited, a
company registered in Scotland, Company Number SC374952. VAT registration number
386404284
Love Electric Financial Services Limited is authorised and regulated by the
Financial Conduct Authority, firm reference number 743264, and is a credit
broker and not a lender or insurance provider. The salary sacrifice scheme
offered by Love Electric Financial Services Limited is a business to business
contract hire agreement, however we may make recommendations for consumer credit
products offered by our partners.
British Vehicle Rental & Leasing Association (BVRLA) member number: 10549.
Registered office and trading address: 5 South Charlotte Street, Edinburgh, EH2
4AN. ICO reference number: ZB075747.
Any prices quoted are subject to changes in law, regulation, tax or duty beyond
our reasonable control.



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