Salary sacrifice explained | Save £200 a month on a Tesla Model 3

▬ Contents of this video ▬

0:00 - Intro
0:10 - Salary sacrifice overview
3:10 - Octopus vs Tesla direct
12:34 - Summary

We discuss the electric car salary sacrifice scheme and the savings you can achieve vs taking out a traditional lease (PCH or BCH) on an EV.

You can save 30-40% every month on a brand new electric car by paying out of your salary and take advantage of the low Benefit in Kind rate until April 2025.

Had some slight technical issues so apologies for the the low audio quality at the beginning of the video

[CarFinanceSimplified]

Great video. The trouble with a lot of ‘true’ salary sacrifice schemes is that they build in a lot for insurance based on a matrix. They have to take a punt on the price so that they can fix it for the period of the scheme meaning it can be very high. Also, is the £821 gross sacrifice you quote inclusive of the employer’s 50% VAT rebate on the rental element and 100% VAT on the maintenance element? More savings can also be made if you have a nice employer who passes on some or all of their company NI saving (remembering that there will be a small amount of company NI payable on the BiK value).

[BLGMOHAMFA]

Very informative video. Well done.
May I suggest producing a video on the history of Electric Vehicles. lt might atteact more viewers and subscribers, though it is (slightly) different from the main streamline of your topic.

[adeelhussain]

Great video as always ! Maybe a future video about good EV car options under different price brackets

[raadabbas]

Very beneficial informations, well done son 👏