BMW EV Salary Sacrifice

By John Ellmore

BMW is short for Bayerische Motoren Werke AG. Founded in 1916, BMW has a long-standing reputation for engineering excellence. They have shown this in their great range of electric cars.

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Top 5 BMW EVs to Salary Sacrifice

Our top 5 BMW electric cars to salary sacrifice are chosen based on specifications, performance, and cost savings when acquired through a salary sacrifice scheme.

  1. BMW iX1 xDrive30
    • Available Since: November 2022
    • Battery: 64.7 kWh
    • Range: 235 miles
    • Lease Cost: £510 per month
    • Top Speed: 112 mph
    • 0-62 mph: 5.6 seconds

  2. BMW iX3
    • Available Since: September 2021
    • Battery: 74 kWh
    • Range: 240 miles
    • Lease Cost: £850 per month
    • Top Speed: 112 mph
    • 0-62 mph: 6.8 seconds

  3. BMW iX xDrive 40
    • Available Since: November 2021
    • Battery: 71 kWh
    • Range: 220 miles
    • Lease Cost: £926 per month
    • Top Speed: 124 mph
    • 0-62 mph: 6.1 seconds

  4. BMW i4 eDrive40
    • Available Since: June 2024
    • Battery: 81.3 kWh
    • Range: 320 miles
    • Lease Cost: £800 per month
    • Top Speed: 118 mph
    • 0-62 mph: 5.6 seconds

  5. BMW iX xDrive 50
    • Available Since: November 2021
    • Battery: 105.2 kWh
    • Range: 315 miles
    • Lease Cost: £1,415 per month
    • Top Speed: 124 mph
    • 0-62 mph: 4.6 seconds

BMW Salary Sacrifice Scheme Overview

The salary sacrifice scheme allows employees to lease a car by sacrificing a portion of their gross salary, providing significant tax savings. Here’s how mum the BMW models will cost on salary sacrifice for both basic and higher rate taxpayers over a period of three years:

ModelAvailable SinceBattery (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) (£)
BMW iX1 xDrive30November 202264.72025105.611223527531047465510388.8326.413996.811750.4
BMW iX3September 2021742678506.8112240308320641658506485442332819584
BMW iX xDrive 40November 2021713189266.112422032329069905926705.76591.1225407.3621280.32
BMW i4 eDrive40June 202481.31868005.611832025449059365800611.2511.222003.218403.2
BMW iX xDrive 50November 2021105.232614154.612431533442010275514151081.4931.938930.433548.4
BMW i4 eDrive35June 202467.1193675611826525335051270675518.25445.51865716038
BMW i5 eDrive40 SaloonMay 202381.2256660612029028046074105660506.4435.618230.415681.6
BMW iX2 eDrive20January 202464.72116218.610624526433051615621476.34409.8617148.2414755.02
BMW iX1 eDrive20September 202364.71894608.310624027032045465460352.8303.612700.810929.6
BMW i7 xDrive60November 2022101.736213104.714931532347011397013101001.4859.736050.430949.2
BMW i4 M50June 202481.32589753.914028029043072375975745.5652.52683823490
BMW iX2 xDrive30October 202364.72446695.611223527531057445669509.24445.9218332.6416053.12
BMW i7 eDrive50June 2023101.730810795.51273253134801002051079822.02720.8429592.7225950.24
BMW i5 eDrive40 TouringFebruary 202481.22456816.112028528546069945681518.97454.1418683.0216349.04
BMW i4 xDrive40August 202481.32078505.112430526747063000850646543.52325619566
BMW iX M60April 2022105.240916693.815530035140012277516691269.241067.3645692.6438425.76
BMW i5 M60 xDrive SaloonMay 202381.23769183.814326031242097745918698.04586.4425129.4421112.32
BMW i5 M60 xDrive TouringFebruary 202481.23859013.914326031242099995901684.76567.6224651.3620434.32
BMW i7 M70 xDriveMay 2023101.753518683.715530533345016331518681419.61170.8451105.642150.24

The salary sacrifice scheme significantly enhances the financial appeal of these models by reducing the effective monthly cost for employees. For instance, the net cost of leasing a BMW iX1 xDrive30 through the salary sacrifice scheme drops from £510 to £388.80 per month for a basic rate taxpayer and to £326.40 per month for a higher rate taxpayer. Similarly, the net cost of leasing a BMW iX xDrive 50 decreases to £1,081.40 per month for a basic rate taxpayer and to £931.90 per month for a higher rate taxpayer.

Over a three-year period, the savings become even better. Basic rate taxpayers leasing a BMW iX1 xDrive30 will see their total cost reduced from £18,360 (gross) to £13,996.80 (net), resulting in a saving of £4,363.20. Higher rate taxpayers benefit even more significantly, with a saving of £6,609.60 over the same period for the BMW iX xDrive 50.

Similar EV Salary Sacrifice Cars to BMW

Audi
Genesis
Jaguar
Lexus
Maserati
Mercedes-Benz
Rolls-Royce
Lotus
Polestar
CUPRA
Tesla
Porsche

Further Resources

Salary Sacrifice for Beginners
Advice Hub
The Best Salary Sacrifice Schemes

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.