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How salary sacrifice can save you money on your new electric car

Autocar

With this, an employee agrees to deduct a portion of their gross or pre-tax salary each month to cover the cost of a benefit or item provided by their employer. In the case of an EV, this arrangement can save an employee up to 60% of the cost of funding the vehicle themselves from their taxed income.

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MT Interview: Ken Choo, HR Owen CEO

Motor Trader

Now, when the cost of funds is more expensive, people think twice, its natural. Our profit-before-tax numbers [in 2024] were low mainly because of two major items: high depreciation because we bought a lot of properties, while high interest rates mean the cost of finance is really high. Its tough, but well prevail.