Buying or leasing an electric automobile is a significant move if you’re making the switch for the first time. While electric car sales in the UK increase month by month, they are still uncommon. Therefore, there are a few modifications to be made. However, the advantages are enormous.
If you’re thinking about leasing or buying an electric vehicle, you realise it’s a big decision. That’s why we’ve put together our electric car buying guide. We’ll go over every aspect of owning an electric car you can think of in this guide; use the contents bar to go to the most relevant sections.
What Do You Mean By Electric Car Leasing?
Leasing an electric car is a long-term agreement between you and a financing company in which you pay a monthly fixed charge to rent a brand-new EV effectively. This will normally last between 2-4 years, following which you will return the vehicle.
After that, you can either select a new model on a different contract or leave with nothing more to pay, providing you’ve kept it in good condition and adhered to your agreed-upon annual mileage cap.
Like leasing a traditional car with a combustion engine, you’ll have to pay a starting rental fee and determine how long you want to keep the car and how many kilometres you want to drive it.
What To Consider When Leasing An Electric Car In The UK?
The lease process for electric vehicles is essentially the same for any other car or van. It differs in the amount of daily operating costs you pay and, for business customers, the amount of BIK tax you must pay if staff drive it.
Here’s a quick guide to leasing an electric vehicle.
1. Select an Appropriate Model:
With each passing month, the EV market becomes more competitive, especially now that the government has banned manufacturers from creating new petrol, diesel, and hybrid vehicles by 2035.
As a result, finding a competitively priced electric lease is now easier than ever. Most drivers have zero-emission options, ranging from the mass-market and family-friendly Nissan Leaf to the performance-based Tesla Model 3.
2. Determine Whether You Require A Wall Outlet Charger:
To make purchasing an electric automobile even easier, many leasing businesses cooperate with charging point installation companies.
All new electric vehicles come with a common charging wire that allows you to charge the car anywhere there is a power outlet. Locate the car’s port (normally built into the bonnet or around the side where the fuel cap would be), plug the cable into the car, and then into your household outlet.
3. Make Insurance Arrangements:
Like any other vehicle on the road, all leasing automobiles require insurance. To safeguard their car in an accident, financial providers who fund each agreement will demand that this must also be a completely comprehensive insurance policy.
There has been a stigma associated with EV insurance in recent years, notably that it is always more expensive than equivalent vehicles that run on conventional fuel.
Conclusion:
If you think of leasing an electric car in the UK, contact AVL. They deliver cars to their customers across the country from their central office in Middlesbrough, which specialises in car and van contract hiring and leasing elements.