Part of our Car Finance Advice hub:
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.
Disclaimer
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.