Leaseplan EV Salary Sacrifice Scheme Summary

By John Ellmore

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

ExperienceOver 50 years in the vehicle leasing industry, managing 1.9 million vehicles across 29 countries.
EV Transition SupportFounding partner of B4CA clean air taskforce and EV100 electric vehicle campaign. Recognized twice by Green Fleet Awards in the last three years.
Salary Sacrifice ProgramAvailable for companies with over 1,000 employees, allowing employees to lease EVs using their gross salary.
Range of EVs600+ electric vehicle models are available for leasing.
Service PackageIncludes preventive and corrective maintenance, tyres, replacement vehicles, 24-hour breakdown cover, insurance, mandatory periodic inspections, and accident management.
Charging SolutionsOffers Home, Home Plus, and Biz Plus charging options, with installation, maintenance, and necessary hardware included. Charging card access to public network and energy management via My Fleet portal.
DepositNo upfront deposit required.
Contract TermStandard lease minimum term of 12 months; FlexiPlan option ranges from 3 to 24 months.
Early TerminationPossible after 12 months or £1,500 paid, with an early termination fee and fair wear and tear assessment. No early termination cost for FlexiPlan.
End-of-Contract OptionsReturn the vehicle or extend the lease for a minimum of six months.
MaintenanceComprehensive maintenance is included.
InsuranceElectric car insurance is provided.
Roadside Assistance24-hour support for breakdowns.
TyresMaintenance and replacement included.
Replacement VehicleProvided during maintenance or repairs.
Road TaxIncluded in the lease.
Application ProcessEnquiry form, consultation, credit check, contract finalization, vehicle ordering, and delivery.
EligibilityApplicants must be between 25 and 70 years old with a full UK driving license for at least 2 years.
Delivery CostFree delivery.
Customer Support24/7 general helpline and dedicated phone lines for SMEs and private renting. Email support also available.
Lead TimeIn-stock cars delivered within 2 to 8 weeks.
ProsExtensive range of EVs, comprehensive service package, flexible charging solutions, green initiatives, salary sacrifice scheme, global presence.
ConsEarly termination fee, limited flexibility in short-term rentals, minimum employee requirement for salary sacrifice.

LeasePlan EV Scheme

LeasePlan has a lot of cars on its books – managing an impressive portfolio of 1.9 million vehicles across 29 countries! With over five decades of experience, LeasePlan has a proper understanding of the vehicle leasing lifecycle.

Overview of LeasePlan’s EV Scheme

Extensive Experience
LeasePlan has over 50 years of expertise, managing a vast fleet and offering leasing services to a diverse range of customers, including corporations, SMEs, public sector entities, and sole traders.

EV Transition Support
As a founding partner of the B4CA clean air taskforce and the EV100 electric vehicle campaign, LeasePlan is committed to driving the transition to electric vehicles. Their efforts have earned them the Green Fleet Awards’ leasing company of the year title twice in the last three years.

Salary Sacrifice Program
LeasePlan offers a tailor-made Salary Sacrifice program, allowing employees of companies with over 1,000 staff to lease electric vehicles using their gross salary. This program includes a comprehensive service package and various charging solutions to suit new EV owners.

Key Features of LeasePlan’s EV Scheme

Extensive Range of EVs: LeasePlan provides a wide selection of 600 electric vehicle models.

Comprehensive Service Package: The scheme includes preventive and corrective maintenance, tyres, replacement vehicles, 24-hour breakdown cover, insurance, mandatory periodic inspections, and accident management.

Flexible Charging Solutions: LeasePlan offers three charging options that can be added to the lease cost: Home, Home Plus, and Biz Plus. These options include installation, maintenance, and necessary hardware, with the charger becoming the customer’s property once installed.

No Deposit Required: There is no upfront deposit required for leasing an EV with LeasePlan.

Global Presence: Operating in 29 countries, LeasePlan offers a broad network and global expertise in vehicle leasing.

Pros and Cons of LeasePlan’s EV Scheme

Pros:

  • Extensive range of EVs
  • Comprehensive service package
  • Flexible charging solutions
  • Green initiatives and sustainability focus
  • Salary sacrifice scheme for large businesses
  • Global presence

Cons:

  • Early termination fee
  • Limited flexibility in short-term rentals
  • Minimum employee requirement for salary sacrifice

Eligibility for LeasePlan Contract

To be eligible for a LeasePlan contract, applicants must be between 25 and 70 years old and have held a full UK driving license for at least 2 years.

Contract and Termination Details

Standard Lease:

  • Minimum term: 12 months
  • Early termination is possible after 12 months or after paying £1,500 (including VAT and services)
  • Early termination incurs a fee and vehicles are assessed for “fair wear and tear”

FlexiPlan Option:

  • Term ranges from 3 months to a maximum of 24 months
  • No early termination cost

Charging Benefits

Charging Card: Access to the entire public charging network, with energy card management and consumption tracking on the My Fleet portal.

EV Charger Add-on Options:

  • Home: For private parking spaces, includes charger, installation, and maintenance.
  • Home Plus: For shared parking, includes charger, installation, and maintenance with a support app.
  • Biz Plus: For business needs, includes charger, installation, and maintenance with visibility on charging activity.

End-of-Contract Options

At the end of the LeasePlan contract, customers have two options:

  1. Return the Vehicle: Contact LeasePlan three days prior to the end of the contract.
  2. Extend the Lease: Opt for a ‘formal extension’ for a minimum of six months.

What’s Included in LeasePlan’s Monthly Payment

  • Maintenance: Preventive and corrective maintenance
  • Insurance: Comprehensive electric car insurance
  • Roadside Assistance: 24-hour support for breakdowns
  • Tyres: Maintenance and replacement
  • Replacement Vehicle: Provided during maintenance or repairs
  • Road Tax: Included in the lease
  • Accident Management: Assistance in case of an accident
  • 24-Hour Support: Available day or night

Application Process for LeasePlan Lease

  1. Enquire: Fill out the enquiry form on the LeasePlan website.
  2. Consultation: LeasePlan expert will contact you to review your requirements.
  3. Credit Check: A brief credit check will be conducted.
  4. Contract Finalisation: Review, sign, and return the contract.
  5. Vehicle Ordering: LeasePlan orders your chosen vehicle.
  6. Delivery: The vehicle is delivered to your doorstep.

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