From reducing your carbon footprint to saving money on fuel and tax, leasing an electric car offers many benefits. Find out why electric car leasing could be a cheaper way to drive a new car.
Frequently asked questions regarding Electric vehicle leasing
If you’re thinking of going electric, car leasing an EV offers many benefits over buying. With leasing, you never own the vehicle, which means you need to worry about the car declining in value.
Another appealing aspect of leasing is that contract lengths tend to be short (only 2, 3 or 4 years), allowing you to ‘try out’ the vehicle without committing for the long-term and upgrade to a new car lease deal at the end of your contract.
It's also worth pointing out that customers who go electric can take advantage of the many Government incentives, including the plug-in car grants and lower Benefit In Kind (BIK) tax rates.
Nothing. Whether you choose to lease a conventional petrol or diesel car with us or an electric or hybrid vehicle, the lease agreement works exactly the same way. You pre-agree parameters like the term, annual mileage, initial rental amount and the type of contract you want (personal leasing or business leasing) then pay a fixed monthly rental for the use of the vehicle during the period of the contract.
It's purely up to you whether to install an electric charging point at your home. Most EV drivers prefer to charge their electric vehicle at home throughout the night to take advantage of lower electric costs and wake up in the morning to a fully-charged vehicle, however, this is a personal choice. Nationwide Vehicle Contracts has partnered with Project EV to deliver fast home EV charging for our customers.
If you're unable to, or would prefer not to have a charging point installed at your home address, you can charge your vehicle at one of the 10,000+ public charging points across the UK, or speak to your employer about having a charging point installed at your workplace.
You have a number of options on how and where to charge your electric car. Most EV drivers choose to have a charging point installed at their home or workplace, allowing them to charge their vehicle overnight or during working hours. Others prefer to use one of the 10,000+ public charging points available at shopping centres, supermarkets, retail outlets and motorway service stations up and down the UK. You can find out more about charging options and the costs involved in charging an electric or plug-in hybrid vehicle in our Electric Car Charging Points guide.
With public charging points increasing all the time, the easiest way to find your nearest electric vehicle charging point is to check out or download the Zap-Map app to see what EV charging points are available to you in your local area.
Put simply, the range on an electric car is how far the car can travel on a single charge. Most pure electric vehicles can travel over 100 miles with ease on a single charge, although some newer models offer a range of 200 miles or more. If you’re worried about the range of an electric car, our Electric Cars with the Longest Range guide should help ease any concerns you may have.
Just like a conventional petrol or diesel car that needs refuelling, if you’re nearing the end of the charge in your electric vehicle, it’s time to find a charging point as soon as you can. There are over 10,000 public charging points in the UK so chances are you’ll be able to find a charge point close to you. If not, a breakdown recovery service like the AA or the RAC should be able to help you on your way.
Yes, just like a petrol or diesel vehicle, electric and hybrid cars still need servicing and an MOT on a regular basis. Fortunately, with less moving parts than a conventional petrol or diesel car, servicing costs can be significantly cheaper on an electric and/or hybrid vehicle, helping you save money on running costs. You can find out more in our Electric Car Running Costs guide.
The Electric Vehicle Homecharge Scheme is a grant that provides a 75% contribution to the cost of one chargepoint and its installation. A grant cap is set at £350 (including VAT) per installation.
Your preferred Electric Vehicle Homecharge Installer will check if you are eligible for the grant and will apply on your behalf. The installer will then bill you for the price of the installation, less the grant amount they have applied for.
You can read more about the Electric Vehicle Homecharge Scheme on the Government website.
The cost of insuring an electric vehicle is based on a number of factors including the age of the driver, their location, their driving history (including any points or driving convictions), as well as the make and model of the vehicle. Therefore, it's difficult to determine whether an electric vehicle is more expensive to insure than a conventional petrol or diesel vehicle. In our Electric Car Running Costs guide, we found the insurance group of an electric vehicle to be like that of its petrol/diesel counterpart, however it's always worth running insurance prices before committing to any vehicle to ensure it's right for you.
There are lots of things to consider when buying an electric car, and price is certainly one of them. We’ve got a great range of electric and hybrid cars in stock, with prices starting from a little as £168.62* a month for a Seat Mii Electric. You can read more in our Electric car prices in the UK guide.
*Prices may vary.