Flexible Options, Cost Savings, and a Greener Future – Experience Electric Car Finance Advantage Today!
Electric car finance is an accessible way to switch to an electric vehicle without requiring you to pay for it all at once. It’s a kind of financing that will make EV ownership attainable—whether you’re buying outright, leasing, or spreading the cost with feasible monthly payments.
Enjoy the newest electric vehicle technology while staying within your budget thanks to new electric car finance. Depending on the contract, you will be able to:
At CarFinanceToday, we specialise in bringing the electric vehicle revolution to roads all across the UK. We want our customers to benefit from the very best in electric car technology—to do that, we provide a variety of care finance options you’ll love. Explore them below:
Want to buy an electric car but don’t want to pay outright? No problem. Now, you can. With our Hire Purchase (HP) financing option, you’ll pay for your electric vehicle over equal—and affordable—monthly payments. Plus, we tailor payment plans to each customer, so you’ll get personalised terms. No high upfront costs, no balloon payment, no excess mileage charge. Just fixed monthly payments and guaranteed car ownership.
Personal Contract Purchase—PCP—is an ideal car finance option for those who want the possibility of ownership at the end of the loan term, but can’t sign up to it right now. With our PCP options, you’ll spread the cost of the electric vehicle over fixed monthly payments and have the option of a final balloon payment at the end—a great way to experience a new electric car without obligation!
If you want the opportunity to spread the cost of an electric car over monthly payments but can’t fork out for a deposit right now, you may still be able to get an exclusive No Deposit finance agreement. That’s right: we’ll incorporate the cost of the deposit into fixed monthly instalments instead. Pay no deposit upfront, still get your dream EV!
As you’ve just seen, we’ve got a huge range of comprehensive car finance options for everyone. But which finance type will have you driving away in your new electric car the easiest? Let’s find out which electric car finance option is right for you:
We can help you spread the cost of an electric vehicle over fixed monthly instalments in a range of finance models. However, if you want the lowest monthly payments possible, PCP is your way forward. That’s because with a Personal Contract Purchase, you don’t have to pay for the car outright at the end. Instead, there’s an optional balloon payment available. Enjoy cutting-edge electric car technology without stressing about monthly payments!
Then a Hire Purchase or No Deposit option could be for you. With HP, you’re effectively buying the car over a longer period (with loan terms between one and five years). This means that at the end, once the final payment has been made, the car is yours!
Haven’t made up your mind about ownership just yet? Don’t worry—you don’t have to! With a PCP model, you can enjoy your electric car and decide whether you’d like to buy it outright later on. At the end of a PCP term, you can either buy the EV, trade it in, or upgrade to a newer model.
Did you know that with CarFinanceToday, you can finance your dream EV even if you have poor or no credit? Hard to believe? Check this out: with a Guarantor Loan, you may still be able to access incredible deals and interest rates even if your personal credit isn’t where you’d like it to be. That’s just one of the ways we strive to make electric vehicle ownership accessible to all.
Want a heads-up on how much your monthly payments might cost? Try our handy electric car finance calculator below! Just enter your details and fire away.
Head of Content and Conversion
Getting excited about our electric car finance solutions? Great! However, you may still have some questions about electric vehicle ownership. Is a new electric car right for you?
One of the most common myths about electric cars is that car insurance is higher. But that’s not necessarily true. While premiums can be slightly higher due to the advanced technology and battery systems in EVs, the good news is that insurance costs are becoming more competitive as electric cars become more mainstream.
What’s more, many EVs are eligible for reduced road tax, too. Maintenance costs also come with generally lower maintenance costs—this can offset the monthly payment expense! No oil changes, no exhaust system, no gearbox issues. Just super smooth driving all day long!
You can discuss electric car insurance and road tax possibilities with our CarFinanceToday experts at any time. Just reach out online and we’ll get back to you as soon as possible!
We work alongside a number of trusted lenders to ensure that your finance agreement is as accessible as possible. Whether this is your next vehicle, or your first electric one, we will work tirelessly to find the best options for you.
We carry out a soft credit check as part of our application process. This does not affect your credit score in any way and provides us with a route to gaining quick pre-approval.
While lenders prefer borrowers with good credit, we accept applicants from all walks of life. We also consider more than credit history; stable income and a good employment record will also be taken into consideration to give everyone a fair opportunity.
We know the financial and environmental benefits of going electric, which is why we're on hand to support you every step. From compact city cars to spacious SUVs, we can help you find finance that's right for you.
We work alongside key lenders to find you the most competitive rates and bespoke terms. Even with a less than perfect credit score, we will try to find a solution that suits your situation.
Along with help at each stage from application to final payment, your own personal account manager will ensure the whole process is as easy and painless as possible.
Generally speaking, electric cars are cheaper to run than petrol or diesel cars due to lower fuel and servicing costs.
By switching to an EV, you’ll be shrinking your carbon footprint and significantly reducing your contribution to pollution.
Enjoy flexibility with our plans, such as lease agreements, hire purchase, or PCP.
At the end, you have the option to return the car without additional fees, assuming conditions on mileage and condition will have been met.
Yes, you can finance both new and used electric cars.
No, though a better credit score would increase your chances, opportunities are possible for every class of borrower.
There is a possibility you will incur an additional fee per mile for exceeding the agreed-upon mileage limit.
Sure, it’s totally possible that road tax could be cheaper for an electric vehicle than, say, diesel cars.
Not necessarily! We offer no-deposit finance options where the deposit cost is built into your monthly payments.
Yes! Most lenders allow early repayment, though some may charge a small settlement fee.
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