In an exciting move to accelerate the adoption of electric vehicles (EVs) in the UK, SalSac has announced a groundbreaking partnership with Select Lease by Mobilize, a leading multi-marque funder in the leasing market. This collaboration introduces a zero-cost, salary-sacrifice car leasing scheme designed to make electric mobility more accessible and affordable for employees and employers alike.
Innovative and Cost-Effective EV Leasing
The partnership offers employees the opportunity to exchange a portion of their salary for a leased electric vehicle (EV) or plug-in hybrid (PHEV), delivering substantial financial benefits. With savings ranging from 28% to 60% compared to private leases, the scheme provides an attractive incentive for employees to make the switch to greener transportation options.
For employers, the benefits are equally compelling. The zero-cost setup requires no minimum participation, no upfront fees, and brings National Insurance savings, making it a highly appealing addition to employee benefit packages. This model is expected to enhance employee satisfaction while supporting companies in meeting sustainability targets.
Simple Implementation with Comprehensive Support
SalSac brings its expertise in salary sacrifice software to streamline the implementation process. Employers receive full support through webinars for both staff and management, tailored salary sacrifice quotations, and end-to-end scheme administration. This ensures a hassle-free experience, allowing companies of all sizes to effortlessly offer this innovative perk.
Addressing Rising Costs with Sustainable Solutions
With living costs continuing to rise, this partnership comes at a crucial time. As Richard Quilter, Head of Development at SalSac Ltd, highlights:"This collaboration combines SalSac's specialist knowledge in salary sacrifice leasing with Select Lease by Mobilize’s steadfast dedication to cleaner electric vehicles. At a time when households across the UK are feeling the pressure of rising living costs, we are committed to offering businesses, especially SMEs, affordable and sustainable benefits that have a real impact."
The growing popularity of salary sacrifice schemes is evident. According to the British Vehicle Rental and Leasing Association (BVRLA), this funding method has surged by 51% year-on-year. This partnership aims to further amplify that growth by providing zero-cost access to a wide range of businesses, from SMEs to large enterprises.
A Win-Win for All
Salary sacrifice car leasing presents a win-win scenario. Employees benefit from reduced leasing costs and tax savings, while companies cut down on National Insurance contributions and enhance their sustainability credentials. Through this partnership, SalSac and Select Lease by Mobilize are not only making electric vehicles more accessible but also playing a vital role in advancing the UK's journey toward a sustainable future.
For more information about how this innovative salary sacrifice scheme can benefit your business and employees, visit selectleasebymobilize.co.uk.
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