Octopus launches second hand EV salary sacrifice scheme

Octopus Electric Vehicles has launched a second hand electric vehicle salary sacrifice offer, to make EVs even more accessible to the mass market by considerably reducing costs.

Octopus’ ‘Nearly New’ salary sacrifice offer allows drivers are able to access popular EV models like the Renault Zoe, Peugeot e-208 and Vauxhall Mokka-e for roughly £300 a month, including fuel, insurance and maintenance costs.

Like cycle-to-work but for cars, Octopus’ salary sacrifice helps drivers save 30-40% every month by paying through your gross salary. Octopus offers an all-in-one service, providing the use of an electric car, charger and discounted energy tariff.

Octopus is able to offer a wide range of electric cars under their second hand scheme - from the upper end to the more affordable side of the market. When you consider the total running costs, drivers can get a Tesla Model 3 - one of the most popular EVs in the UK - for half the price of the same model on a personal lease. In addition, monthly costs are more than 55% cheaper than leasing a BMW 3 Series.

All of the cars on offer are less than 2 years old and have been fully serviced. The offer opens up a new segment of the electric car market, making these new green and cheaper to run cars more affordable for those who may not have previously considered one.

Fiona Howarth, CEO of Octopus Electric Vehicles, commented: “Used cars make up more than 4 out of 5 car sales in the UK, and so to reach net zero transport, we need to build a strong second hand market for electric cars. As with all tech, the early models are expensive but with a growing fleet of second hand cars, you can now run one of these high tech, green, fun cars for half the price of an old school gas guzzler.”

“Leasing for EVs is an attractive option for people looking to go electric, allowing drivers to switch to the latest tech every few years and take advantage of low fuel costs. Very few of our drivers ever look back, and now going electric is even more affordable, opening it up to more drivers that may not have previously considered it.”