KGM EV Salary Sacrifice

By John Ellmore

KGM stands for Korea’s Global Motors (South Korea that is!). The KGM Torres EVX is new to the UK salary sacrifice market and has some pretty advanced EV technology we think you will like.

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KGM Torres EVX Salary Sacrifice Spec

  1. Launch Date: April 2024
  2. Battery: 72 kWh
  3. Range: 230 miles
  4. Lease Cost: £700 per month
  5. Top Speed: 109 mph
  6. 0-62 mph: 8.1 seconds
  7. Efficiency: 313 Wh/mi
  8. Rapidcharge: 260 mph
  9. Price: £44,495

KGM Torres EVX Salary Sacrifice Calculations

ModelLaunch DateBattery (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) (£)
KGM Torres EVXApril 2024721937008.1109230313260444957005394201940415120

The net cost of leasing a KGM Torres EVX through the salary sacrifice scheme drops from £700 to £539.00 per month for a basic rate taxpayer and to £420.00 per month for a higher rate taxpayer.

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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.