Perx by Covase · Salary sacrifice
Perx gets you a new or pre-loved electric car for a fixed monthly amount from your gross pay, with a home charger, solar panels and a battery on the same payslip if you want them. Your employer runs it through payroll at no direct cost to the business. Covase arranges it, and has managed UK fleets since 2003.
New MINI Cooper Electric: £400.09 a month from take-home pay in year one, fully insured and maintained.Any make, any model. The MINI is one example. How it's built ↓Already have a car in mind? Work out your monthly cost →
Car first, home energy too
The car, the charger, the solar and the battery, on one line of your payslip. The only UK salary sacrifice scheme we're aware of that covers all four. Take the car on its own, or add any of the others.
Electric car
Any make, any model, new or pre-loved, on terms from two to five years.
Home charger
Typically installed with the car, unless you already have one. About £18 a month in our example.
Solar panels
Through Perx Energy, with or without a car. Agreements up to seven years.
Home battery
Through Perx Energy, on the same payslip as everything else.
PAYSLIP
Deductions
Taken from gross pay
Line by line, so you can see how the monthly sacrifice becomes what actually leaves your take-home pay. Your salary, tax band, term and mileage all change the outcome. Work out yours →
MINI Cooper Electric, E Classic 41 kWh
187-mile WLTP range · 48 months · 10,000 miles a year · employee on £50,000 in England
£400.09a month from take-home pay, year one
Fully insured and maintained: motor insurance, Life Event cover, routine servicing, replacement tyres and breakdown cover.
Running it, all in
Company car tax rises each year under current rules (5% in 2027/28, 7% in 2028/29, 9% in 2029/30), so the car's cost from take-home pay rises a little each year: £19,685 over the full 48 months. The NI passback is your employer's choice; this example includes 20%. Electricity uses the WLTP range and battery size (187 miles from 41 kWh, about 4.6 miles per kWh) with all charging at home overnight; real-world driving, winter weather and charging losses can add 10 to 30%. Illustrative, from quotes dated 29 October 2026. Not a quote for you.
Motor insurance is priced for an example driver aged 46 in Oxfordshire with no extra drivers. Yours is priced at quote.
33% less
from take-home pay than the new equivalent, in a recent example from our pre-loved range (a 2023 Hyundai Ioniq 5).
A pre-loved car usually means a lower monthly sacrifice. The saving comes from the lease, not the tax: company car tax follows the car's original list price. Same payslip, and Life Event cover is available too.
Ask about pre-loved cars →Optional Life Event cover
If life changes, the car agreement can end or pause without a large bill. Included in the MINI example.
Applies to the car only, and terms depend on the funder. Qualifying periods and conditions apply, and leaving during a probation period isn't covered; full details on request. Separate cover is available for solar, battery and charger.
Optional motor insurance
A fixed premium for the whole lease term, underwritten by QBE, and included in the car cost, not a separate deduction. Up to two extra drivers at the same address.
The MINI example includes it for an example driver. Yours is priced at quote, because the premium depends on who drives and where the car is kept.
Tell us where you work.
Two minutes: your name, your employer and what you're interested in.
We introduce Perx.
We draft the email for you to send, or contact your HR, payroll or finance lead directly if you give us their details.
Your employer goes live.
Payroll integration and the employee portal are live in about 48 hours of go-ahead. You choose your car or home energy in the portal.
No cost to you or your employer to find out. Pick the one that fits.
Thanks. That's with us.
We'll email you shortly with your introduction to forward, or to confirm once we've contacted your employer.
Thanks. We'll be in touch.
We'll contact you to book the 15-minute call, then send a one-page plan of likely take-up and the NI saving at your headcount.
Yes. We supply any make, any model, new or pre-loved. The MINI on this page is one example: your monthly cost depends on the car, your salary and tax band, the term and the mileage.
Yes. Optional motor insurance is underwritten by QBE, with the premium fixed for the whole lease term. It's included in the car cost within your Perx deduction, not a separate deduction. The MINI example on this page includes it for an example driver; yours is priced at quote, because the premium depends on who drives and where the car is kept.
Nothing direct. There's no setup fee, no per-employee licence and no minimum spend. In the MINI example on this page, the employer still keeps about £765 a year in National Insurance after passing 20% back to the employee.
Yes. Perx runs alongside an existing provider on one payslip, and employees can take one, the other, or both. Employers already committed elsewhere on the car often start with Perx Energy, which doesn't depend on who supplies the car.
The car agreement ends and the car goes back to the leasing company. An early-termination charge can apply; with optional Life Event cover it's capped at three months' rental after the first three months. For home energy, the options are to transfer the agreement to a new employer with a compatible scheme, settle the balance and keep the equipment, or return it for a pro-rata settlement.
Optional Life Event cover changes what happens to the car if life changes. Long-term sickness, once your pay can no longer cover the sacrifice, or losing your licence on medical grounds: the car goes back with no early-termination costs. Parental or adoption leave: your employer can keep the car on, with rental paused for up to 12 months once your pay can no longer cover it, or end the agreement. Redundancy, resignation, retirement or reduced hours: early-termination costs are capped at three months' rental after the first three months. It applies to the car only, qualifying periods and conditions apply, leaving during a probation period isn't covered, and full details are available on request.
Your employer pays less National Insurance on the salary you sacrifice. They can choose to pass part of that saving back to you, which lowers your monthly deduction. It isn't a cash payment, and your own tax and NI relief is worked out on the lower deduction. In our MINI example a 20% passback takes £15.93 a month off the sacrifice.
The leasing company owns it for the whole term. At the end you take a new car on a fresh agreement or hand it back. There's no obligation to buy or to renew.
Under current rules, company car tax on electric cars rises each year to 9% in 2029/30, and Budget 2026 announced 10% for 2030/31. Terms run from two to five years, so you can match the agreement to the rates already published.
Rather talk it through?
Call, WhatsApp or email info@covase.co.uk