iLease^® Electric

Salary sacrifice is an arrangement under which an employee agrees to give up some of their gross salary, that is your salary before income tax and National Insurance Contributions ("NIC") have been deducted, in exchange for their employer’s agreement to provide a non-cash benefit, such as a company car.

You are allowed to apply for 2 cars on the scheme, subject to the sacrifice not taking your salary below National Minimum Wage.

With no emissions out of an exhaust, electric vehicles are brilliant for reducing pollution in cities.

Forget the nasty particulates belched out by diesels, EVs (when driven) are as emissions-free as walking or cycling thanks to nothing being emitted from an exhaust pipe!

Detractors will point to the pollution created by producing electricity, but this varies widely depending on the type of power generation used. A wind farm is vastly cleaner than a coal-fired power station, for example.

However, even the ‘dirtiest’ electricity is still less damaging to the environment than hundreds of individual petrol or diesel engines.

Also, if environmental friendliness is high on your agenda, certain energy companies offer ‘green’ tariffs, using electricity produced from sustainable sources. Some charging units are also smart enough to prioritise energy taken from sustainable sources such as wind, water and solar energy.

Potential cost savings – when the running costs and tax efficiencies of an EV are compared with Internal Combustion Engine (ICE) vehicles, the savings in running an EV can be considerable. These depend on the type of vehicle chosen, and the number of miles driven – more mileage in an EV delivers a greater saving.

• Increased interior Space: Due to the removal of traditional engine vehicle component such as the transmission tunnel and the Engine, EVs can offer a more spacious interior driving experience
• Charging at home: If you have a driveway, charging your vehicle at home enables you to wake up with a full charge every morning without ever having to move from the comfort of your own home
• Instant torque and quiet interior: Electric motors power the vehicle, providing instant torque and removing the need to change gears, providing a more serene and tranquil driving environment
• Re-generative braking: By harvesting the energy from braking this can be turned into supplementary range to help extend your journey distance.

The price of electricity fluctuates according to market influences. To calculate the cost for a full charge, simply multiply the rate you are charged per kWh by the battery capacity of your vehicle.

No. But at the end of the agreement you may have the option to purchase your car at the discretion of the lender.

Kilowatt-hours are a measure of how much energy can be stored in a battery. A comparison for a Petrol/Diesel vehicle would be the size of the fuel tank in litres. For a given vehicle, a battery with greater capacity ‑ more kWh ‑ will have greater range.

Most electric vehicles can be left unattended for at least six months, however plugging in once a month is optimal. The battery management system is electronically controlled and uses very little energy. EVs, like any vehicle, also have a 12V battery to power internal features such as central locking, electric seats, entertainment, and interior lighting. This 12V battery can go flat just like in any car and should therefore be monitored carefully during long periods of downtime.