Personal EV Leasing Guide
for flexibility and choice
There are plenty of great reasons to lease an electric car and we are here to make the process and simple and straightforward as possible.
Put simply, EV leasing means you have all the benefits of driving the electric car you really want, for the length of the contract, but you never own the electric car. It means that it offers you a more affordable option to get behind the wheel of the latest EV. Then at the end of the lease period you just hand the EV back to us with no further obligation. You can then lease your next electric car, hopefully through DriveElectric!
There are no balloon payments to worry about with leasing, compared to Personal Contract Purchase (PCP) deals.
Our friendly team not only supply electric vehicles, we live and breathe them. We can help you find the right electric car lease deal to fit in your life and are on hand to support you throughout your electric journey. We can even provide expert advice on charging.
Providing you with unbiased advice, complete support and peace of mind, with our help it’s easy to make the switch to electric car motoring.
How an electric car lease works
Step 1
Before you choose the perfect electric car for your needs you need to consider a couple of things, such as how many miles you expect to drive per year, how much money you want to pay as an initial payment and how long you want to drive the electric car for. Once, you’ve got a rough idea about that then browse the deals on our website to find your perfect EV lease deal. If you want some help deciding, our expert team can advise you on what types of vehicle and finance arrangements will best suit your needs.
Step 2
Once you have chosen your electric car we will give you a personalised quote based on your selected terms. There are no hidden extras so, providing you return the vehicle within the terms of your contract, you will know exactly how much the vehicle is going to cost you each month. This is known as a Personal Contract Hire agreement – which is another way of saying lease agreement
Step 3
Before ordering the chosen electric car model we will tell you how long it will take to arrive from the manufacturer. If there is a gap between the delivery date and your requirements, we can talk to you about a short-term rental electric car to plug the gap, keeping you mobile at all times.
Step 4
Once the ev lease has commenced, we will send you a monthly consolidated invoice for all of your funding and maintenance fees. If you need help at any stage during the lease, you can speak to our friendly customer support team on 01628 899727.
Need some expert electric car leasing advice?
Call our friendly team of EV experts on 01628 899727 or email info@drive-electric.co.uk
We have bags of experience, not only have we been leasing vehicles since 1994 but we’ve been at the forefront of the electric car lease revolution since 2008. Which means we are THE EV lease experts!
We believe that for most people an EV lease deal is perfect for their needs
Although we specialise in providing affordable electric car lease deals (aka Personal Contract Hire) there are other popular ways of funding an EV. In the section below we also provide you with guidance on another popular finance option which is called Personal Contract Purchase (PCP).
Personal Contract Hire
Personal Contract Hire (PCH) and Business Contract Hire (BCH) are long-term vehicle rental agreements. You pay for the use of the vehicle, in your case an electric car, throughout your contract, then return the electric car to the finance company at the end of the agreement without any further obligations.
The benefits:
- Fixed monthly rental makes it easier to budget
- Terms and mileage to suit your needs
- Wide range of electric cars to choose from
- Optional full service and maintenance packages available
- At the end of the rental period you simply hand the car back to us and are free to choose what EV you’d like next
Things to consider:
- Personal Contract Hire is subject to status and credit acceptance
- This is a hire product so you will not own the vehicle
- Minimum duration is 24 months and 5,000 miles per annum
- If selected – Service & maintenance package includes: manufacturer recommended servicing and tyres, and excludes misuse, accident damage and vehicle glass
- Early termination can be expensive
- If you have exceeded your agreed mileage, an excess mileage charge will be payable, worked out on a ‘pence per mile’ basis as set at the start of your contract
- You must return the vehicle in a well maintained condition. Any damage over and above that stated in the Fair Wear and Tear Guide will be subject to additional charges
- The vehicle must be insured with full comprehensive cover
- You will never own the vehicle as there is no option to buy it
Personal Contract Purchase
Personal Contract Purchase (PCP) is a popular finance option for customers who want to own the car but can’t access sufficient funds to pay for the new car outright upfront. You pay an initial payment, followed by a series of monthly payments for an agreed duration. The interest charged is calculated at the beginning and is fixed for the length of the agreement. You then have the option to purchase the vehicle at the end of your agreement at an agreed additional cost.
The benefits:
- Fixed monthly payment makes it easier to budget
- Terms and mileage to suit your needs
- Wide range of electric cars to choose from
- At the end of the agreement, subject to payment of an Option to Purchase fee, you take ownership of the vehicle – often called a balloon payment
- Optional full service and maintenance packages may be available
Things to consider:
- Personal Contract Purchase is subject to status and credit acceptance
- Minimum duration is 24 months and 5,000 miles per annum
- If selected – Service & maintenance package includes: manufacturer recommended servicing and tyres, and excludes misuse, accident damage and vehicle glass
- Early termination can be expensive
- If you have exceeded your agreed mileage, an excess mileage charge will be payable, worked out on a ‘pence per mile’ basis as set at the start of your contract
- You must return the vehicle in a well maintained condition. Any damage over and above that stated in the Fair Wear and Tear Guide will be subject to additional charges
- The vehicle must be insured with full comprehensive cover
At DriveElectric we are proud to be a member of the British Vehicle Rental and Leasing Association.
We are authorised and regulated by the Financial Conduct Authority (FCA). Click here for more information about the FCA and our service commitment.
