Octopus launches second-hand leasing offer

Octopus Electric Vehicles has launched a second hand leasing offering for electric cars in order to make the switch to electric even cheaper.

The ‘nearly new’ salary sacrifice offer will make EVs even more accessible by reducing costs. Drivers will be able to access popular EV models like the Renault Zoe, Peugeot e-208 and Vauxhall Mokka-e for around £300 a month, including fuel, insurance and maintenance costs. 

It follows the successful launch of its flagship salary sacrifice offer, launched in 2021, and it now works with more than 3,5000 companies to boost their employee benefit package and assist staff in going electric.

The scheme follows a similar principle to cycle-to-work schemes, by payment through gross salary. It offers an ‘all-in-one’ service, which provides the use of an electric car, charger and discounted energy tariff.

It will enable access to some of the most popular vehicles, such as the Tesla Model 3, for half the price of the same model on a personal lease. All of the cars on offer are less than 2 years old and have been fully serviced, it said.

Fiona Howarth, CEO of Octopus Electric Vehicles, commented: “Used cars make up more than 4 out of 5 car sales in the UK, and so to reach net zero transport, we need to build a strong second hand market for electric cars. As with all tech, the early models are expensive but with a growing fleet of second hand cars, you can now run one of these high tech, green, fun cars for half the price of an old school gas guzzler.” 

“Leasing for EVs is an attractive option for people looking to go electric, allowing drivers to switch to the latest tech every few years and take advantage of low fuel costs. Very few of our drivers ever look back, and now going electric is even more affordable, opening it up to more drivers that may not have previously considered it.”

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