The Electric Car Scheme has seen ‘strong growth’ in its used car salary sacrifice scheme over the past 12 months and is expecting further growth this year as supply improves.
Drivers can save 30% to 50% by opting for a used EV instead of a new one – on top of the 30%-60% savings available through salary sacrifice, according to The Electric Car Scheme.
For example, a used Kia Niro EV (64kWh) is 39% cheaper per month than a new one (£253 versus £411), including maintenance (but excluding insurance) over 36 months/10,000 miles per annum.
This helps address the price barrier, which The Electric Car Scheme identified in its research last year. About two-thirds (68%) of 2,000 UK adults it surveyed cited that as the main reason for not going electric.
“The main benefit for customers is helping them with affordability. Not everyone can afford to lease a brand new EV - even with the savings from the electric car scheme applied - and the lower price points means that the EVs are now much more affordable for all.”
All manufacturers and models are available through the scheme, although stock changes daily, and cars vary from less than six months old and under 10,000 miles to models first used back in 2020 with more than 25,000 miles on the clock.
“In general, if it’s available to lease in the market we will offer it on our scheme for clients,” says Thom.
“The battery is covered by the lease company (and normally under warranty) so our customers do not need to worry. Batteries tend to have a circa 20-year lifespan, which is well beyond the point the car is returned at the end of a lease.”
Having initially sourced used cars from subscription companies in 2022, The Electric Car Scheme now has multiple leasing and subscription providers.
It continues to partner with Gateway2Lease.
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Sarah Tooze has been an automotive journalist for more than 15 years, specialising in the fleet and transport sectors. She has held senior positions at industry-leading B2B titles Fleet News and Smart Transport, and led campaigns championing motorists as consumer editor for online used car marketplace Heycar and motoring advice website HonestJohn.co.uk. In 2017 she won the Newspress Automotive Business Journalist award.
