Ailsa Johnston
31 May 2023
Employers
We get it. We are not entirely un-biased here, but we’ve done our best to offer you a transparent comparison between our own EV Salary Sacrifice scheme and some of the other top schemes available in the UK today, in this case Love Electric.
Comparison of employer features
| Love Electric | Pike + Bambridge | |
| Type of Cars | Electric only | Electric for Salary Sacrifice |
| Direct Manufacturer Relationships | Limited number | Yes, 17 |
| Cost to Business | Zero | Zero |
| In-person Launch Event | No | 30+ employees |
| Early Termination Protection | 3 months | 3 months |
| Employer Portal | Yes | Yes – with extensive support |
Comparison of employee features
| Love Electric | Pike + Bambridge | |
| Personal Consultation | No | Yes – Detailed 1-1 EV and Salary Sacrifice Consultation |
| Employee Dashboard | Yes | Yes |
| Personal Handovers to Drivers | Outsourced | Yes – P+B Personal delivery professional |
| Early Termination Protection | 3 months | 3 months |
| Charge point install included | Yes optional | Yes optional |
Pike + Bambridge Pros
- P+B are an independent broker and not a leasing company , offering additional flexibility.
- Work with 7 finance companies so you can be assured you are getting the best price on the market.
- Personal consultation to consider affordability and the drivers unique situation.
- Experienced team who are continually assessed to ensure they are top of their game on market trends and tax rules.
- Personal delivery where we show you around your new car.
- Specialist focus on professional services meaning extensive experience in LLP’s.
- Choice of in-person or webinar launch for your scheme to ensure high engagement.
- Proactive communication throughout the process. No more chasing for updates, or waiting on hold.
Pike + Bambridge Cons
- You will have to speak to a human to understand your unique situation.
- Not a one size fits all approach so won’t send any quotes until we have spoken to you.
- If you are looking for a company to sell you a lease and disappear, Pike + Bambridge probably shouldn’t be your first choice, we do like to ensure you are happy with your new car and support you throughout the lease term and beyond.
- No option to purchase at the end of the lease.
Love Electric Pros
- A tech-faced broker offering with a fully online customer experience.
- An independent broker – not a leasing company.
- Option to bundle charger into your package at a discounted price through their partnership with Hypervolt.
- Referral program whereby you can earn £250 if you refer a business owner who signs up for the scheme.
Love Electric Cons
- Although an independent broker, as a start up Love Electric are likely to have less finance company options than others.
- Online-heavy customer journey.
- Can be difficult for young companies to have credit approved.
No matter who you choose for your EV Salary Sacrifice scheme, you’ll be giving a great benefit to your employees. If you would like to chat to one of our team at Pike and Bambridge about Salary Sacrifice, please get in touch. We look forward to speaking with you.
