Ive looked at my salary sacrifice scheme which is through Tusker.
20,000 miles a year limit to compare it with motability. benefits of the salary sacrifice include
- All servicing and maintenance
- Fully comprehensive motor insurance just for the driver
- Annual road fund licence
- Replacement tyres (excl. winter tyres)
- Accident Management
- Roadside Assistance Including European Cover
- Lifestyle Protection (whatever that is!)
I priced up the enyaq 85 edition
Motability price it at 3499 ap with free metallic paint and then total allowance and then £12091 pip payments over 36 months. The total cost of lease being £15590
On my salary sacrifice scheme, it’s a zero deposit but have to pay for metallic paint. Thats included in the total cost breakdown and paid for through monthly payment totals.
Monthly amount: £923
Monthly gross reduction: £923
Income Tax saving: -£369
National Insurance saving: -£18
Benefit in Kind: +£45
Effect on take home pay: £580
So thats a cost to me at £580 a month for year 1, rising to £595 a month in Y2 and then rising to £610 a month year 3. These costs would be different depending on salary (I am a 40% tax payer so my tax relief is higher). Yearly increases because of changes each year for “Benefit in Kind”. That makes a total comparative lease price for 3 years at £21420.
Motability wins by a country mile at almost £6k less than salary sacrifice.
2024 Skoda Enyaq estate- 85x Sportline plus in Race Blue. Extras: Supernova 21 inch wheels, Maxx Pack, Transport Pack, Heat Pump and Pano Sunroof.
Ordered 31/10/23, Delivery 27/3/24