Loveelectric's Plan for Pre-Owned Lex Autolease Electric Vehicles

author: FutureCar Staff    

Loveelectric has expanded its electric vehicle salary sacrifice scheme by partnering with Lex Autolease to offer used EVs through its Re-Loveelectric program. This collaboration has significantly increased the range of used EVs available to drivers. Lex Autolease manages a large fleet of EVs in the UK and this exclusive partnership allows Loveelectric to access these vehicles before they are released onto the used car market.

There are numerous benefits to operating a used EV through the salary sacrifice scheme. Loveelectric claims that rental costs can be up to 61% lower compared to new sal-sac cars, thanks to the vehicles already having undergone their initial depreciation. Additionally, monthly payments include road tax, fully comprehensive insurance, servicing, breakdown cover, and maintenance, providing peace of mind to drivers.

Furthermore, EV drivers can enjoy additional savings such as potentially lower charging costs per mile compared to petrol and diesel vehicles, as well as avoiding charges associated with Ultra Low Emission Zones and Clean Air Zones. Loveelectric's used EVs are also readily available without long lead times.

According to Steve Tigar, CEO and founder of Loveelectric, salary sacrifice is already the most cost-effective way to finance an electric car. It allows employees to save between 30% and 60% compared to personal leasing by paying for the car out of their gross salary. Expanding the range of available vehicles to include cheaper, second-hand models amplifies these savings by hundreds of pounds per month.

Leasing companies are increasingly venturing into the used vehicle leasing market, as highlighted by Fleet World editor-at-large Alex Grant. This move helps mitigate the impact of fluctuating used car values while making the electrification targets of end-user fleets more affordable and beneficial to drivers.

Steve Tigar of Loveelectric emphasized the importance of consumer access to used EVs, referencing a call by Chris Stark, CEO of the Climate Change Committee, for greater availability of these vehicles. Through the Re-Loveelectric initiative, Loveelectric aims to make all-electric motoring as accessible as possible to a wide range of individuals by capitalizing on the significant cost advantages of used models.

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FutureCar Staff