Because payment is taken from the employee’s gross salary via payroll, they benefit from Tax and National Insurance savings (typically 30-40% savings for an electric vehicle) making the overall cost substantially less than a Personal Contract Hire (PCH) agreement.

Current BIK rate on an electric car are 2% in the 2023/24 tax year and are held at this rate for a further year.

When having to return the vehicle due to an unforeseen circumstance this will keep you covered

Credit required for the vehicle will be attained by the business, not you

Your new car will be covered for all required servicing maintenance and repair. Tyre replacements due to wear and tear also covered.

Current BIK rate on an electric car are 2% in the 2023/24 tax year and are held at this rate for a further year.

All contracts are based on a 1 month initial rental making it even easier to get into a brand new EV

The cost for your new home charger can be included in your contract