When you have the option to save 20-50% of the cost of your electric vehicle lease, its a no-brainer. But how does it work and why do the total savings vary? The amount you save as an individual depends on your base salary, the typical tax band for that salary as well as the cost of the electric vehicle.
The monthly lease cost is deducted from your gross salary, meaning the savings are realised in the reduction of tax and national insurance contributions. In essence, the higher the cost of the lease, the greater the savings.
To see how much you can save on a wide variety of cars, go to our quote tool