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ELECTRIC VEHICLES (EV) & PLUG-IN HYBRIC ELECTRIC VEHICLES (PHEV)

With a shift in focus towards reduced pollution and fewer carbon emissions, manufacturers and companies alike are turning to alternative types of vehicles to help protect the environment and produce alternative modes of transport.

If you are considering moving to a green fleet, whether you lease your vehicles or purchase outright, then you will find the information and advice on this page useful.

HOW DOES LEASING AN EV OR PHEV WORK?

Hybrid and EV car leasing gives you a more affordable, cost-effective solution compared to purchasing the vehicle outright. These business benefits include:

No financial risk of vehicle price depreciation
Upgrade vehicles to a higher grade at the end of the lease
Affordable monthly payments for effective budget forecasting
50% VAT can be claimed back if the vehicle is used for business and personal use, 100% can be claimed if the vehicle is only used for business driving

At the same time, when the lease period ends, we are very fair on our damage policy and can then get you into the very latest model, with the likelihood of having a better range per charge, fuel efficiency and technology.

GOVERNMENT BUSINESS GRANTS & INCENTIVES

If your business is leasing the vehicle from a company such as ours, then you are able to claim a percentage of the VAT back.

If you are VAT Registered you can re-claim:

50% of VAT on the finance element, if the vehicle is used by an employee for business and personal use
100% of VAT if an employee(s) uses the vehicle solely for business use. The vehicle will be kept at the business, and would be classed as a “pool car”.

There are currently no Grants available for cars

Please click find out more below for the latest on Categories of vehicles that Grants are available

Find Out More

WHAT ELSE DO YOU NEED TO CONSIDER?

WHAT VEHICLE IS BEST FOR YOUR NEEDS?

If you or your drivers regularly take longer journeys, for both work and pleasure, then it is important to consider whether you will go for an EV or a PHEV. EVs typically operate best in urban locations, whereas PHEVs are more suited for motorways and dual carriageways.

THE COST OF CHARGING YOUR VEHICLE

Whether you choose to charge your vehicle at the workplace, or at one of the numerous charging stations around the country, there are going to be some costs involved. However, these are going to be substantially less when compared to refuelling a traditional petrol or diesel vehicle. For example, it costs just over £3.50 to fully charge an EV or PHEV battery.

BUYING VS. LEASING

If you are worried about the investment needed to purchase an EV or PHEV, then leasing could be an option to consider. The benefits of leasing include fixed monthly payments, so you can budget accordingly, plus you do not have to worry about depreciation or resale values.

ARE YOU CONSIDERING LEASING AN EV OR PHEV?

Then arrange a free call back today to discuss your exact requirements in more detail with a member of our team

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