Octopus launched a second hand leasing offering for electric cars

Octopus Electric Vehicles, part of Octopus Energy Group, has launched a second hand leasing offering for electric cars – making the switch to electric driving the cheapest it has ever been.

Octopus’ ‘Nearly New’ salary sacrifice offer makes EVs even more accessible to the mass market by considerably reducing costs. Drivers are able to access popular EV models like the Renault Zoe, Peugeot e-208 and Vauxhall Mokka-e for roughly £300 a month, including fuel, insurance and maintenance costs.

Octopus has built on the success of its flagship salary sacrifice offer, which launched in 2021 and now works with more than 3,500 companies to boost their employee benefit package and help their staff go electric.

Like cycle-to-work but for cars, Octopus’ salary sacrifice helps drivers save 30-40% every month by paying through your gross salary. Octopus offers an easy all-in-one service, providing the use of an electric car, charger and discounted energy tariff.

Octopus is able to offer a wide range of electric cars under their second hand scheme – from the upper end to the more affordable side of the market. When you consider the total running costs, drivers can get a Tesla Model 3 – one of the most popular EVs in the UK – for half the price of the same model on a personal lease. In addition, monthly costs are more than 55% cheaper than leasing a BMW 3 Series.

All of the cars on offer are less than 2 years old and have been fully serviced. The offer opens up a new segment of the electric car market, making these new green and cheaper to run cars more affordable for those who may not have previously considered one. Read More