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How a electric lease car could benefit your business

An electric business lease car is quite possibly one of the best things you can do for your business in the present day.
Electric cars for business leasing

There are so many benefits that come alongside a business lease electric car, and that’s before we even consider the appeal of driving a stunning new vehicle. The electric car driving experience is just an added bonus to our incredible electric car business lease deals – it’s the cherry on top of so many exciting benefits.

Sound good to you? Let us give you a rundown of the biggest benefits to electric car business leasing.

The Plug in Car Grant.

For any electric vehicle (EV) that costs £32,000 and under, the Plug-in Car Grant will cover 35% of the charging cost up to £1,500. Straight off the bat, this is a brilliant discount for your new business lease electric car.

We have some astounding electric cars available for business leasing, here at Motorlet. Our Vauxhall Mokka -E Electric Hatchback is definitely deserving of a special mention - it's a smooth drive that has a range of up to 201 miles and is an incredibly stylish car all round. The Vauxhall Mokka does come in at less that the £32,000 cap so would be subject to the grant discount.

You can check out our business lease electric car deals on the Vauxhall Mokka on our website.

Benefit-in-Kind exemptions.

Benefit-in-Kind (BIK) is a tax that employees must pay if they receive extra benefits on top of their salary. BIK is usually applied to company cars and can become an expensive extra fee.

If you choose to use one of our electric car business lease deals to get your new company vehicle, BIK payments will be significantly reduced. You will need to pay zero BIK for 2020/21, rising to 1% BIK in 2021/22 and 2% in 2022/23. That’s a massive saving on what could be a very big added cost.

If you want to take advantage of these discounts, the incredible Porsche Taycan is one of our most popular electric lease cars and would make a great business lease. It’s Porsche’s first all-electric lease and has even begun outselling other popular Porsche models, including the 911. The Taycan is an astonishingly impressive car all round, with the Turbo S edition covering a range of 260 miles between charges. As far as the benefits go, you’ll be paying next to nothing in BIK for this stunning luxury vehicle.

Take a look at our Porsche Taycan business lease electric cars here

Enhanced Capital allowance on your business lease electric car.

The capital allowance on business use electric cars means that you can deduct the entire cost of your EV from your pre-tax profits. This can see business owners receive huge levels of tax relief which they won’t experience with a traditional petrol- or diesel-powered car.

We recommend you utilise the opportunity for large levels of tax relief and consider the incredible Audi Q4 e-tron as your new business lease electric car. Releasing August 2021, the Audi Q4 e-tron is a fully electric SUV that has an impressive range of 316 miles between charges. It’s a gorgeous vehicle that benefits from the brilliant Audi Virtual Cockpit as standard.

You can pre-order your impressive Audi Q4 e-tron business lease electric car for arrival ahead of the new registration in September.

Business lease electric cars are road tax exempt.

A fully electric car that creates no emissions will see your business lease avoiding road tax completely. This is another added charge that comes with fossil-fuel powered vehicles that you can avoid with an electric car business lease.

Some hybrid cars are still subject to road tax charges, so consider something fully electric or choose a model with CO2 emissions of under 100 g/km to avoid road tax completely.

The Volkswagen ID.3 hatchback is one of our fully electric business car lease options that is available with customisable lease terms. The Volkswagen ID.3 creates zero CO2 emissions so escapes road tax charges completely.

It’s a gorgeous car that claims to save its owner about £730 per year in operating costs, so it’s a great option for an economically conscious business lease.

Avoid congestion charges with an electric car business lease deal.

If your limited company operates in Central London, you might be familiar with congestion charges. These apply to vehicles that produce CO2 emissions and could pollute clean air zones.

With an electric car business lease, you will avoid congestion charges completely due to your new car's zero emissions. This is a great option for the city dweller who wants to travel around with ease.

The Mini Electricis an all-electric car that provides a fresh take on the icon and would not look out of place navigating our capital city. It’s a great business lease electric car option for those among us who enjoy something a bit more classic.

With a mile range of between 124 and 144 miles, the Mini Electric remains light and easy to handle thanks to its compact battery. If zipping around zero emission zones is part of your daily travel, the Mini Electric could be the perfect business lease electric car for you.

Obvious but true – an electric car business lease is better for the environment.

Possibly the biggest, long-term benefit of business leasing an electric car is doing your bit for the future of our environment. Electric cars produce zero CO2 emissions thanks to their lack of exhaust pipe - this means that air pollution is greatly reduced when the use of electric cars is optimised. If you live in an area with particularly congested areas, switching to electric powered vehicles is a great way to start making a difference.

 

Business lease electric car deals here at Motorlet.

We have so many electric car deals available on our website and are always happy to help build the best lease deal for your business.

Business leasing is a great way to get your hands on a shiny new car without the upfront costs, whilst enabling you to hand the car straight back at the end of your contract. We can tailor your lease terms to suit you: deciding on the right contract length, annual mileage and upfront costs, whilst applying zero APR to your order. Once your new, business lease electric car is ready, we’ll deliver it to a UK mainland address free of charge.

If you have any questions about business lease electric cars here at Motorlet, drop us an email or give us a call. You can take a look at our full range of electric vehicles available for business lease here.

If you want to discuss leasing and how it might benefit you, please don't hesitate by getting in contact, or completing a callback form:

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