Automobile leasing agency Octopus Electrical Autos has launched a wage sacrifice program centered on pre-owned electrical automobiles (EVs), extending accessibility to a broader viewers.

Its ‘Almost New’ wage sacrifice initiative goals to assist EVs develop into extra quickly viable for mass market possession, by way of providing tax-efficient leasing to workers of companies which it companions with.

Whereas wage sacrifice schemes might tempt away some conventional new automobile clients who purchase from franchised dealerships, main AM100 teams resembling Pendragon, Sytner and JCT600 supply their very own wage sacrifice schemes by way of their company leasing divisions.

With provide of second-hand EVs exceeding UK demand at the moment, their values have dropped to make them extra reasonably priced and now, beneath this scheme, Octagon says clients may pay round £300 per thirty days from their pre-tax gross wage to drive a pre-owned electrical Renault Zoe, Peugeot e-208, or Vauxhall Mokka-e, together with gasoline, insurance coverage, and upkeep bills.

This growth builds upon Octopus’ wage sacrifice scheme for brand new EVs initiated in 2021, a program at the moment utilized by over 3,500 corporations.

Fiona Howarth, chief govt of Octopus Electrical Autos, stated customers can now “run considered one of these excessive tech, inexperienced, enjoyable vehicles for half the worth of an old style gasoline guzzler.”

She added: “Leasing for EVs is a lovely possibility for individuals seeking to go electrical, permitting drivers to change to the newest tech each few years and benefit from low gasoline prices.

“Only a few of our drivers ever look again, and now going electrical is much more reasonably priced, opening it as much as extra drivers that will not have beforehand thought-about it.”

Octopus Electrical Autos, owned by Octopus Power Group, lately introduced it had reached £650 million in electrical automobile funding to additional improve its wage sacrifice proposition.

Its rival Loveelectric.vehicles launched its personal used EV wage sacrifice possibility in April, branded Re-loveelectric.