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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
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WHAT ELSE DO YOU NEED TO CONSIDER?
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