Leasing giant targets cheaper EVs with used salary sacrifice scheme

New offer aims to stabilise second-hand market amid “deeply concerning” value slump

Leasing giant Zenith has extended its salary sacrifice product to include recently de-fleeted electric cars, hoping to stimulate a weak used EV market while making them more affordable for drivers.
Salary sacrifice schemes enable employees to lease a car through their employer and pay for it using their pre-tax salary. If the vehicle emits 75g/km of CO2 or less, it’s taxed as a company car – at rates that are much lower than they’d pay on the income used to pay for the (often discounted) monthly lease. 
By introducing used electric cars, Zenith can offer options with more affordable monthly rentals, while company car tax can be lower too. The taxable value is a percentage of the car’s list price when it was new, which means it’s effectively inflation-proof.
The launch follows recent comments from industry body the British Vehicle Rental and Leasing Association (BVRLA) noting that several firms had pu