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Salary sacrifice advice

Salary sacrifice can be a cost-effective way to pay for a new car by reducing the amout of income tax you pay. It’s more complicated than personal car finance, but it may be worth the effort.

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Salary sacrifice is a way of leasing a new car with payments taken from your pre-tax salary, rather than your after-tax salary. It’s a more complicated form of financing to understand, and your employer has to be signed up with a service provider to manage it, but it can be significantly cheaper than a lease or PCP on the same car – especially for electric cars.

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Looking to get your company signed up to a salary sacrifice scheme to save money on your next car? Our commercial partners can help you out.

Latest salary sacrifice articles

How does salary sacrifice work for employees?

One of the most popular ways of running a company car is through a salary sacrifice scheme, so we're looking at how it works.

Best EV salary sacrifice providers

Salary sacrifice allows employees to drive a new EV for considerably less money than PCP or leasing. We highlight the best UK providers.

Salary sacrifice: The ultimate employee benefit

A great incentive for an employer to offer, salary sacrifice is a tax-efficient way to provide non-cash benefits to employees (sponsored).

How salary sacrifice makes EVs cheaper

With salary sacrifice, it's possible to get a new EV for a similar price to a petrol car – and enjoy the lower running costs that go with it.

Going green? Easy does it

Thinking of getting an electric car but not sure what it all entails? Here are six tips for making the switch (sponsored).

EV popularity rise is plugging the salary sacrifice gap

If there were ever any doubts that electric vehicles were going to take off in the UK, they have now gone for good (sponsored).

EV running costs spark growing interest among drivers

Awareness of electric vehicles gains momentum as new figures show how much cheaper EV running costs are than those of a similar petrol car.

In good company: which car scheme should your business offer?

It’s fairly easy for any employer to organise a company car scheme. The difficult part is deciding which model is right for your business.
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Most car finance and leasing activity in the UK is regulated by the Financial Conduct Authority, and anyone involved in the selling of car finance or brokering of leasing agreements must be accredited by the FCA.

You should always consider the terms and conditions of any agreement carefully before taking out car finance or leasing agreement, as you are making a substantial ongoing commitment and there may be significant costs if you change your mind or are unable to meet your commitments at a later date.