Electric vehicles (EVs) are the future. With the world’s leading car manufacturers now offering a wide range of EVs, there’s a huge selection of eco-friendly electric cars to choose from. If you’re looking to spread the cost of purchasing an electric car into affordable monthly payments, our flexible finance packages are the perfect solution. Whether you’re looking for a hybrid (HEVs), plug-in hybrid (PHEV), or an all-electric battery EV (BEV), you can turn your dream of driving an electric vehicle into reality.
Representative example: borrowing £7,500 over 48 months with a representative APR of 18.9%, an annual interest rate of 18.9% (Fixed) and a deposit of £0.00, the amount payable would be £223.86 per calendar month, with a total cost of credit of £3,245.06 and a total amount payable of £10,745.06.
With our 2-minute application, getting approved for electric car finance is easy.
Simply complete our application and we’ll run a quick Soft-Search to check your eligibility. Don’t worry - this won’t affect your credit score, and you’ll receive an instant decision.
Once you’ve been approved, we’ll call you to discuss your finance options. If you’ve already decided on the car you want, we’ll press on with arranging payment to the seller or dealer.
If you haven’t yet found your vehicle, you can take advantage of our unique Find, Fund and Deliver service.
Simply tell us your requirements and our team of vehicle buying experts will help you find your dream EV.
As part of our service, your vehicle will receive an RAC approved vehicle inspection, HPI check and a full valet and detailing service – before it’s delivered to your door, all at no extra cost.
For the best electric car finance deals, simply Apply Online today, and one of our car finance specialists will be in touch.
What you’ll need for the application:
Hire purchase (HP)
When you choose to finance an EV with hire purchase (HP), the cost of your car is divided into affordable monthly payments at a fixed interest rate. At the end of the agreement, once all outstanding payments have been made, the car is yours to keep. Unlike some finance options, hire purchase offers no annual mileage restrictions, a big advantage if you’re regularly commuting over longer distances.Discover
Lease purchase
Like hire purchase, lease purchase makes budgeting easier by spreading the cost of your vehicle into affordable monthly payments. With lease purchase however, you have the option to differ part of the cost of the loan to the end of your agreement, as a balloon payment. This is an effective way to reduce your monthly costs, making lease purchase an affordable option.Discover
Personal contract purchase (PCP)
PCP is a popular method of finance, offering a choice of 3 options at the end of your contract. You can either; keep the car and pay a balloon payment, exchange the car for a newer model, or simply return the car to the finance provider. With PCP your monthly payments are calculated based on the length of your agreement, with an agreed annual mileage limit. Monthly payments are typically lower than HP, and with the option to exchange the car at the end of the agreement, PCP often suits individuals who prefer to their change car regularly.Discover
Car leasing (contract hire)
Leasing an electric car is similar to a long-term rental. You rent the car over an agreed period at a fixed monthly cost, and at the end of the agreement, once all outstanding payments have been made, you simply return the car to the lender with nothing further owingƚ. With electric car leasing, your monthly instalments are calculated based on your mileage limit agreed at the start of your contract. Electric car leases typically offer lower monthly payments than other finance options, as you’re simply paying to rent the vehicle. ƚ Subject to excess mileage and returns conditionsDiscover
To discuss your electric vehicle finance options with a car finance specialist, Apply Online today.
We’ve helped thousands of customers get the best car finance deals through our leading panel of high-street lenders, even those that have been refused elsewhere.
Reasons you can buy with confidence:
An electric car lease is ideal if you want to keep your monthly payments as low as possible, and you’re happy to return the vehicle at the end of the agreement. Electric car leasing makes it easier to change your car regularly, as you don’t have to worry about selling the car further down the line. Instead you simply return your EV to the lender, giving you the freedom to pick a new vehicle of your choice.
But if you want to own the car at the end of your agreement, buying an electric car on finance may be a better option. And if you decide to opt for a hire purchase agreement, you won’t be held back by mileage restrictions. If you’re still unsure and you’d like to discuss your finance options with one of our car finance specialists, simply call us on 0333 6000 290.
With our flexible finance packages, we can often offer a no-deposit option for PCP and HP agreements, subject to approval. With a leasing agreement, you’ll normally be expected to provide a deposit at the start of the agreement, but this can be discussed in more detail with one of our car finance specialists.
With emissions in the UK approaching crisis point, the government is supporting the purchase of new electric vehicles with grants that cover 35% of the purchase price, up to a maximum of £3,500. The dealer will include the value of the grant in the vehicle’s price, so you don’t need to claim it yourself.
View the Full List of electric vehicles available with a government grant.
The range of an EV will vary according to the vehicle manufacturer and model, however the average range on a battery electric vehicle (BEV) is normally between 150-200 miles, with some BEVs capable of more than 300 miles, Meanwhile, plug-in hybrid electric vehicles (PHEVs), like the IONIQ, can cover more than 660 miles.
Yes. We understand not everyone has a perfect credit score, which is why our finance options are available to a wide range of credit backgrounds, including individuals with bad credit. Check Your Eligibility today and receive an instant decision, without affecting your credit score.
An electric car lease is ideal if you want to keep your monthly payments as low as possible, and you’re happy to return the vehicle at the end of the agreement. Electric car leasing makes it easier to change your car regularly, as you don’t have to worry about selling the car further down the line. Instead you simply return your EV to the lender, giving you the freedom to pick a new vehicle of your choice.
But if you want to own the car at the end of your agreement, buying an electric car on finance may be a better option. And if you decide to opt for a hire purchase agreement, you won’t be held back by mileage restrictions. If you’re still unsure and you’d like to discuss your finance options with one of our car finance specialists, simply call us on 0333 6000 290.
With our flexible finance packages, we can often offer a no-deposit option for PCP and HP agreements, subject to approval. With a leasing agreement, you’ll normally be expected to provide a deposit at the start of the agreement, but this can be discussed in more detail with one of our car finance specialists.
With emissions in the UK approaching crisis point, the government is supporting the purchase of new electric vehicles with grants that cover 35% of the purchase price, up to a maximum of £3,500. The dealer will include the value of the grant in the vehicle’s price, so you don’t need to claim it yourself.
View the Full List of electric vehicles available with a government grant.
The range of an EV will vary according to the vehicle manufacturer and model, however the average range on a battery electric vehicle (BEV) is normally between 150-200 miles, with some BEVs capable of more than 300 miles, Meanwhile, plug-in hybrid electric vehicles (PHEVs), like the IONIQ, can cover more than 660 miles.
Yes. We understand not everyone has a perfect credit score, which is why our finance options are available to a wide range of credit backgrounds, including individuals with bad credit. Check Your Eligibility today and receive an instant decision, without affecting your credit score.
Your application only takes a couple of minutes and won’t affect your credit score.
