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Learn how to save 30-60% on an electric car.

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Everything you need to know about salary sacrifice.

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Want 60% off an electric car? Convince your company to sign-up.

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A leading EV salary sacrifice provider.

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  • Save up to 60% on EVS
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Trusted by 1.5K+ Companies
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EV Salary sacrifice scheme explained

The total discount available is dependent on the size of deposit, salary and value of the car.

Typically though, the larger the deposit, the more you'll save.The levels of deposit available are dependent on your salary and the gross lease cost.

This is because your salary deduction mustn't take you below the National Minimum Wage threshold.

Prefer a flat payment schedule?
Select Level 1 and your deduction will remain the same month-to-month.*

Search cars

See how much they can save

Take a look at a typical pricing example below and see how much your employee can save off the cost of an EV.

Tesla Model Y Hatchback

RWD 5dr Auto
Standard lease
0.00
 /month
loveelectric
0.00
 /month
Save
39%
Contract details
Annual mileage:
5,000
 miles
Contract term
48
 months
Battery range
000 miles
Acceleration
6.9 sec
Service
Included
Maintenance
Included
Tyre replacement
Included

Tesla Model Y Hatchback

RWD 5dr Auto
loveelectric
0.00
 /month
Save
39%
Contract details
Annual mileage:
5,000
 miles
Contract term
48
 months

Build your quote

Tell us about you to start building your quote.
First name*
Please enter a first name
Last name*
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Workplace email address*
Please enter your workplace email address
Contact phone number*
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About your company

These details help us tailor the service to your needs.
Company name*
Please enter a company name
How long has your company been trading?*
Please select
Please enter a number of employees
Please enter your current role

How can we help you?

This will help us provide you with more relevant information.
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Edit your quote
Choose your contract length, months
Choose your annual milage:
Your tax bracket:
Basic rate applies to income up to ÂŁ50,270, higher rate up to ÂŁ125,140, and additional rate above that.
Your company must sign up, click below to get started.
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How we help businesses

Our EV salary sacrifice directly addresses key company challenges

Attract & retain talent

Attract the best talent with a benefits package they can't say no to. Sign up for salary sacrifice today and watch your retention rates soar.

Hit sustainability targets

Attract the best talent with a benefits package they can't say no to. Sign up for salary sacrifice today and watch your retention rates soar.

Cost-neutral and risk free

Attract the best talent with a benefits package they can't say no to. Sign up for salary sacrifice today and watch your retention rates soar.

How we help employees

Dynamic Deposits offer drivers maximum payment flexibility, a reduction in their monthly lease cost and a discount on their total lease amount.

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Decide if a deposit is right for you

Dynamic Deposits are completely optional. Add a deposit and save or pay a single monthly fee* for the duration of your lease.

Select deposit amount

Tailor the amount to suit your financial needs and choose between different levels of deposit.

Spread it across 3 months

The amount you select will then be added to the first 3 monthly rental amounts.

Download explainer
Trusted by 1K+ Companies
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Frequently asked questions

What's the maximum amount of deposit I can put down?

There's no set figure, as it depends on a multitude of factors such as your salary and lease cost. We offer 5 levels of deposit; 1 being no deposit and 5 being the maximum deposit available. If a higher level of deposit would bring your salary below the minimum wage, then it'll be restricted from view at the point of ordering.

Do I have to put down a deposit when ordering a car?

Nope. Dynamic Deposits are completely optional. If you want to pay a flat fee throughout your lease term from the beginning, then simply select Level 1 at point of ordering.

Can I spread the deposit across more than 3 months?

Currently, you're only able to spread the deposit amount across the first 3 months of your lease.

How much of a discount will I receive by placing a deposit?

The benefits of increasing your payments in the first 3 months are two-fold. Firstly, your monthly payments from Month 4 to the end of your lease term, will be lower. Secondly, we offer an additional discount on top of the salary sacrifice savings. The higher the level of deposit, the more discount you'll receive.

Love Electric Financial Services Limited is a credit broker and not a lender.
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How it worksExplainerSearch carsView brochureDay one protectionChoosing the right schemeBook a demoCheck eligibilityCharge cardProcurement guide
For Employees
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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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