The Complete Guide to Electric Leasing

Electric cars are the future - could you make the switch for your next lease car?
The Complete Guide to Electric Leasing

Why should you lease an electric car?

You’ve probably heard this many times before, but electric cars really are the future. The benefits that come alongside them, especially for a business lease option, are unrivalled. Whilst we love the vibe of a traditional petrol or diesel powered vehicle, there are some incredible electric vehicles on the market right now - and they’re stealing our heart.

Making the switch to an electric vehicle can seem daunting. It’s completely unchartered territory for many motorists and you might need some extra help deciding if an electric car is for you. To help you come to a decision and to answer any questions you might have, we’ve put together this helpful guide. If you still have queries or would like a quote for one of our superb electric car lease deals, get in touch.

Your electric leasing questions answered. 

 

What is electric car leasing?

Electric car leasing allows you to experience a brand new, electric car for a fixed contract length, before handing it back once you’re lease period ends. Through this time, you’ll pay a fixed monthly fee until it’s time to give your electric lease car back. The lease process for an electric vehicle is very much the same as a standard car, you can learn more about the leasing process here.

Will driving an electric lease car be cheaper?

The running costs of an electric car are much cheaper in the long run. Your electric car doesn’t require petrol or diesel to keep it running and electric charging is much cheaper. If you’re charging at home, then the overall price will depend on your own electricity provider and the average cost of your bill. Usually, it works out much cheaper to charge your lease car than it is to fill it with fuel.

What are the maintenance costs for an electric lease car?

Since electric vehicles have fewer parts to maintain, you’ll never have to worry about issues with the hot, oily bits under the bonnets of petrol or diesel cars. Electric vehicles skip out on fiddly parts such as fuel injection systems, exhaust systems and radiators – all of which are expensive to maintain. This makes electric cars much cheaper to maintain, compared to traditionally powered vehicles.

How long does it take for an electric car to charge?

The length of electric car charge time can vary from vehicle to vehicle. Some large electric lease cars can take up to 24 hours to reach their peak, and different methods of charging will provide different charge times. Rapid chargers can give a quick boost in around twenty minutes, and fast charging points can manage a full charge of a smaller car in around six hours. It’s best to look at specific models to compare. You can find our full range of electric vehicles here.

How far can an electric car drive on a full charge?

Again, this is dependent on the vehicle. On average, you can expect the average lease car to cover a range of 250 miles on one charge. This really does vary between models so it’s best to check our range of electric vehicles and decide which option is best for you.

How do you charge an electric car?

When you’re not driving your electric lease car, you can plug in to a charging station. It’s recommended that you have a charging station installed at home, usually in the garage or on the side of your house, as these kinds of chargers are much quicker. These chargers plug into the car and will be the sole provider of power for your drives. Once your car reaches full charge, you can unplug, and drive away.

Where can you charge an electric car?

Electric cars are charged from a dedicated charging point, that you can even have installed at home. You’ll also find charging stations in public areas such as supermarkets and shopping centres, as well as service stations, and maybe even your place of work.

Do you have to pay to charge your electric lease vehicle?

You don’t usually have to pay to use public charging points, but you will need to pay for the electricity to cover your at home charging, and the initial fee to have a charging point fitted.

Do you have to pay road tax for an electric lease car?

On a vehicle that is powered purely by electricity, and thus creates zero emissions, you won’t need to pay road tax. This is because road tax is based on the amount of carbon dioxide emissions that a vehicle creates.

Are electric cars subject to congestion charges?

Thanks to the electric vehicle’s zero emissions, you’ll never have to pay congestion charges in congestion charge zones. This is especially great for business lease cars that commute in the London area, as you could be making a saving every day.

Why would my business benefit from an electric lease car?

If you choose an electric car as your new business lease, you can choose to do this thorough a salary sacrifice scheme. This means that you can subtract the cost of your electric business lease from your gross salary, which reduces the amount you’ll receive. This way, you’ll actually have to pay less in tax and National Insurance contributions. Usually with a business lease, you’ll have to pay a Benefit-in-Kind (BIK) contribution. BiK are actually at their lowest on electric vehicles, so this is the best way to go to make the most savings. You can find out more about electric business leasing here.

Can I get any discount on my electric lease car?

There are a few government schemes and incentives to help you make savings on your business lease car. Currently, the government are offering a grant of up to £1,500 for eligible electric vehicles under £32,000. There are also grants available for the installation of charging points. You can find out more on the GOV website.

Are electric vehicles good for the environment?

Electric lease cars are truly one of the best things you can do for the environment. It’s a small lifestyle change that will reduce your carbon footprint on a daily basis. As electric lease cars don’t have an exhaust system, they don’t emit any emissions into the atmosphere. If you want to reduce your emissions, electric leasing is the best way to go. This is especially great for businesses who are wanting to become more environmentally friendly.

Why should I make the switch to an electric lease car?

Electric lease cars are much better for the environment than traditional lease vehicles. They’re also cheaper to run and maintain, with free charging stations available in public areas (you definitely won’t find free petrol on your travels!). Electric lease cars are also incredibly impressive in recent years. We adore the Honda e, as well as our extremely popular Porsche Taycan. Pair this with the tax savings and government incentives – electric lease cars are a brilliant option for business and personal lease.

What is a hybrid lease car?

A hybrid lease car is powered by an electric motor, as well as an internal combustion engine. The electric motor in a hybrid vehicle is powered by a battery that is charged through regenerative braking. Hybrid cars use both fuel and electricity to function and, as a result, reduces the amount of Co2 emissions that your lease vehicle produces.

How long will it take to receive my electric lease car?

The delivery time of your brand-new electric lease car will vary on the model you choose. It’s best to get in touch with our team with some models in mind to find out how long you can expect to be waiting. Delivery of our lease cars is always free to UK mainland addresses, and we’re happy to drop off anywhere that works for you.

How much are electric lease deals at motorlet?

Our electric car lease deals are available at many different price points. All of these deals include free UK delivery and an official manufacturer’s warranty. To create the best lease deal for you, we’ll consider your annual mileage, length of contract and initial payment. This way we can find the best deals for you, no matter the circumstances.

We always have discounts on our lease cars, so keep an eye on our special offers page to grab your perfect electric lease deal for the best price.

 

 

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:

Related Articles