Abarth Salary Sacrifice
Abarth is an Italian brand known for its performance-oriented vehicles, combining sporty aesthetics with powerful engineering. Founded in 1949 by Carlo Abarth, the brand has a long history of producing high-performance versions of Fiat cars.
Check Your Eligibility For the Abarth Scheme
Abarth 500e Hatchback and Convertible
The Abarth 500e models mark the brand’s entry into the electric car market, retaining the sporty heritage while embracing modern, eco-friendly technology. Both the Hatchback and Convertible versions are designed to provide an electrifying driving experience without compromising on performance or style.
Key Features:
- Battery and Range: Both models come equipped with a 37.8 kWh useable battery, offering a range of 140 miles. This makes them suitable for daily commutes and short trips, ensuring a balance between performance and practicality.
- Performance: With a 0-62 mph acceleration in just 7.0 seconds and a top speed of 96 mph, these cars deliver the sporty feel that Abarth is known for. The rapid charge capability of 230 mph further enhances their practicality by reducing downtime during long trips.
- Efficiency: The efficiency rating of 270 Wh/mi signifies that these vehicles are designed to make the most out of their battery capacity, providing a cost-effective and environmentally friendly driving option.
Abarth Salary Sacrifice Scheme Breakdown
The table below details the financial aspects of leasing the Abarth 500e models through a salary sacrifice scheme, illustrating the benefits for both basic and higher rate taxpayers over a period of three years.
| Model | Available Since | Battery (kWh) | Cost per Mile of Range (£) | Lease (BCH) (£/pcm) | 0-62 mph (sec) | Top Speed (mph) | Range (mi) | Efficiency (Wh/mi) | Rapidcharge (mph) | Price (£) | Monthly Gross Salary Sacrifice (£) | Net Cost (Basic Rate) (£/pcm) | Net Cost (Higher Rate) (£/pcm) | Total Cost Over 3 Years (Basic Rate) (£) | Total Cost Over 3 Years (Higher Rate) (£) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Abarth 500e Hatchback | May 2023 | 37.8 | 244 | 450 | 7 | 96 | 140 | 270 | 230 | 34195 | 450 | 342 | 276 | 12312 | 9936 |
| Abarth 500e Convertible | May 2023 | 37.8 | 266 | 500 | 7 | 96 | 140 | 270 | 230 | 37195 | 500 | 380 | 310 | 13680 | 11160 |
Scheme Analysis
- Cost Efficiency:
- The salary sacrifice scheme significantly reduces the effective monthly cost for employees. For a basic rate taxpayer, the net cost for the Hatchback drops from £450 to £342 per month, while for a higher rate taxpayer, it drops to £276 per month.
- Similarly, the Convertible’s net cost for a basic rate taxpayer is £380 per month, and for a higher rate taxpayer, it is £310 per month.
- Long-Term Savings:
- Over a three-year period, basic rate taxpayers can save £3,376 on the Hatchback and £3,600 on the Convertible compared to the gross lease cost.
- Higher rate taxpayers benefit even more, saving £5,184 on the Hatchback and £5,040 on the Convertible over the same period.
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Important information about our salary sacrifice calculations
Please note that the actual lease costs may vary based on your individual circumstances, including your location, and the specific provider you choose. The lease costs presented in this table are calculated based on an average of three leading providers and are intended to give a general indication of potential costs. Actual costs may be higher or lower depending on the terms and conditions of the lease agreement.
The salary sacrifice tax savings shown are estimates and are intended to provide a general idea of potential savings. These savings can vary significantly depending on your personal tax situation, including your tax rate, other benefits, and overall compensation package. It is recommended to consult with a financial advisor or tax professional to understand how salary sacrifice will impact your specific financial situation.
Additionally, the specifications and features of the vehicles listed are based on the latest available information and are subject to change by the manufacturer. For the most accurate and up-to-date details, please refer to the manufacturer’s official website or contact your chosen provider directly.
The information provided in this table is for informational purposes only and should not be considered as financial or legal advice.
