Hippo Leasing EV Salary Sacrifice Scheme Summary

By John Ellmore

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Here’s a summary of Hippo Leasing’s key features, benefits and drawbacks of their EV Salary Sacrifice Scheme:

Company BaseHeadquarters in Blackburn, UK
Credit FlexibilitySpecialist credit broker, options available for bad credit
Vehicle InventoryAll EVs in the UK
ProsOptions for bad credit, diverse vehicle range, salary sacrifice option, quick 72-hour delivery for in-stock cars
ConsEarly termination fees, no car purchase option, no EV charging benefits, limited add-ons
Eligibility Requirements– Must be at least 18 years old
– Full or provisional driving licence
– Regular income or benefits
– Proof of residency and identity documents based on credit score
Eligibility CheckerNo impact on credit score, valid for 28 days
Contract TypeLease
Minimum Term12 months
Early Termination DetailsResponsible for payments for the full term
Deposit RequiredNo deposit, pay nothing for the first 30 days
Charging BenefitsNone available
Included ServicesStandard lease is car-only; ‘Hippo Protect’ add-on (£24.99/month) includes Platinum Warranty, breakdown assistance, overnight accommodation, onward travel, hire car
Car Purchase OptionNo option to purchase at the end of the lease
Customer Support Options– Phone: 01254 956666
– Email: [email protected]
– Chat support
Lead Time72-hour delivery for in-stock cars
Delivery CostFree delivery or collection from Blackburn hub
Salary Sacrifice OptionAvailable, managed by Hippo; potential savings up to 60% on tax and National Insurance, no upfront fees or credit checks
Included in Salary SacrificeVehicle, servicing, maintenance, roadside assistance

Hippo Car Leasing EV Scheme

Hippo Car Leasing, headquartered in Blackburn, UK, offers EV scheme solutions for customers with bad credit. By partnering with a wide array of lenders, Hippo ensures that it can provide bespoke leasing solutions tailored to individual needs. Here’s an in-depth look at what Hippo Car Leasing offers.

Comprehensive Offerings

Wide Vehicle Range
Hippo Leasing boasts an impressive inventory and can get hold of any EV model in the UK. If a desired vehicle isn’t in stock, Hippo goes the extra mile to source it for the customer.

Inclusivity for Bad Credit
As a specialist credit broker, Hippo provides options for customers struggling with bad credit scores.

Pros and Cons

Pros:

  • Flexible options for individuals with bad credit
  • Extensive variety of vehicles
  • Salary sacrifice scheme available
  • Quick 72-hour delivery for in-stock cars

Cons:

  • Early termination fees
  • No option to purchase the car at the end of the lease
  • No EV charging benefits
  • Limited add-ons included in standard lease

Eligibility Requirements

Age
Applicants must be at least 18 years old.

Driving Licence
While a full driving licence is preferred, Hippo Leasing can work with provisional licences, allowing applicants to lease a vehicle before passing their driving test.

ID Requirements
Documentation requirements vary based on credit score. Typically, proof of residency and identity (such as a passport or driving licence) is needed.

Eligibility Checker
Hippo provides a quick and easy eligibility checker tool that has no impact on your credit score and is valid for 28 days.

Hippo Car Leasing Features

Contract and Early Termination
Hippo Leasing offers lease terms starting from 12 months. If you need to terminate the lease early, you are responsible for the payments for the entire term, which can be costly.

Deposit Requirements
There is no deposit required at the start of the lease, and you pay nothing for the first 30 days.

Included Services
The standard lease includes the vehicle only. For added protection, customers can opt for the ‘Hippo Protect’ package, which covers Platinum Warranty, breakdown assistance, overnight accommodation, onward travel, and a hire car for £24.99/month.

No Purchase Option
At the end of the lease term, customers cannot purchase the vehicle, aligning with Hippo’s leasing model focused on continuous vehicle upgrades.

Customer Support and Delivery

Hippo offers robust customer support through phone, email, and a responsive chat service. They provide a rapid 72-hour delivery for in-stock vehicles, with an option for free delivery or collection from their Blackburn hub.

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