Hi, are you leasing for a company car or private?
Try asking if your company will do a salary sacrifice scheme.
I have mine on a PCP never had a new car seems to work for me and it was 0%😁

 

Thanks Harry-this is a private lease-I don’t have access to a company car scheme.

 

Check out LeaseLoco and Leasing dot com for price comparisons. You can go with any leasing company tbh some of the well-known ones are DriveElectric, LeasingOptions etc. they will use the same funders that dealers do and they'll normally assign a dealer to order and deliver your car. Make sure you include the initial rental to calculate average monthly cost. If the total cost with 24 months + 10k miles is less than 20% of the P11D (list price) it's a great deal

I've leased for 2 years with no problems as have 4 other people I know.

 

I've been leasing my i3 for the past 32 months. I used Drive Electric. The car came from a BMW dealer and the deal included delivery. The actual lease is with Lex Autolease.

Zero problems so far. I did not get maintenance. It was cheaper to pay for the service the car will need. The one annoyance is I have to get an MOT a month before I hand the car back.

Tax is rolled into the lease payments. (My i3 is subject to luxury tax)

are you able to charge your car at home overnight? having an EV without home charging can be a challenge.

 

Tax is rolled into the lease payments. (My i3 is subject to luxury tax)

Wait what? I thought luxury tax was scrapped for BEVS ?

 

I have a leaf on a lease. I've only had it for slightly more than a month and 1200 miles, but all good so far. I did my homework on costs, but not so much so on running an EV. That has proved to be more of a challenge than I expected - for range. I don't have a home charger.

I got it from a leasing company, when no-one else could get me one, and they transported it hundreds of miles to my house.

Here's a previous post of mine about it - to save repeating myself.

Do you think EV technology is stable enough to warrant purchasing over leasing? | Page 2 | Speak EV - Electric Car Forums

 

I have a leaf on a lease. I've only had it for slightly more than a month and 1200 miles, but all good so far. I did my homework on costs, but not so much so on running an EV. That has proved to be more of a challenge than I expected - for range. I don't have a home charger.

I got it from a leasing company, when no-one else could get me one, and they transported it hundreds of miles to my house.

Here's a previous post of mine about it - to save repeating myself.

Do you think EV technology is stable enough to warrant purchasing over leasing? | Page 2 | Speak EV - Electric Car Forums

Thanks Nebulous-can I ask which leas company you’ve used?

 

Thanks folks-this is all super helpful. I will be able to charge at home overnight.

 

Leasing my XC40 P8 direct from Volvo through my company; been fine so far, and great to deal with. BTW I've never leased before, but have had a number of PCPs.

 

Another option you should consider is subscription.
You can try an EV for just one month on subscription (or as long as you like) with no deposit up front, for a range of cars that are ‘all inclusive’, that includes charging from a range of networks. (Like Shell and the many partner networks, Instavolt and BP)

Look at ONTO…

Get The Best Electric Car Subscriptions - All-Inclusive | Onto

Onto is an electric car subscription service that is more flexible than leasing. EVs available with insurance, charging & maintenance. Drive with Onto!

on.to

and Elmodrive…

elmo Drive Limited has now been wound-down as a business

Electric car subscriptions made simple.

elmodrive.com

Also other options are Volvo and JLR Pivotal depending on your budget which you have said is around £400 so ONTO Zoe GT Line R135 seems best option, which ticks a wide range of checkboxes.

If you do try out one of these subscription services, make sure you use an active referral code when you join up.

 

No major pitfalls. EVs are evolving quickly so a 2 or 3 Yr pcp or lease makes good sense. The important thing is to thoroughly test drive the cars on your short list and scrutinise the efficiency and range figures.
Main dealer is often more expensive than a lease company and I have never bothered with including maintenance but if the price is right it might work for you.

 

You are correct, pure BEVs do not pay Road Tax, irrespective of list price

 

Thank god for that, was just about to go out a kick a random poor person shouting "It's all your fault" .

 

As you say you have never leased before, worth noting that leasing is not necessarily the best option for all
I would ask, what is the thought process that brings you to leasing?

For example, if you want a fixed term and NO risk, it would work , but if you want ANY flexibility ( if circumstance,usage,finances) change, then it’s not a good option

Also, depends on the vehicle and the WLC (whole life cost)

eg VW eUp ( because its a simple example) .you can buy one for £21-£22000 but you can lease one for about £6500 (WLC) for 3 years.
Would buying it, with a view to it being worth more than £15k at 3 years be better?

A KIA Soul Maxx will have a WLC over 3 years of £14500 ish over 3 years against a new price of £32500……now a 3 year old SoulMaxx with 18000 miles on will definately be worth more than £18000

Important to do the maths for your individual car choice and personal circumstance

Remember, the biggest advantage of leasing is the business recovery of VAT on payments and 100% claim against tax as a business expense…..and neither of these apply to you or any private individual
( and all of the above does not factor in the return condition process of each individual lessor)

 

Addendum
ON-TO is a cracking example of how expensive “convenience and flexibility” is

Not knocking it, because spending is about choices,
3 year eUp on ONTO would be £6000 in rentalsmore BUT includes all your electric and insurance. So if you do 12000 miles a year, the cost difference is marginal and you have ultimate flexibility 👍

 

Not having to deal with main dealers for the purchase is one of the benefits of leasing.
But it does depend on the deal, it is usually cheaper to buy outright, but you do have the risk on resale and also you are tieing up a lot of capital upfront, which could be put to better use (ie investments or offsetting a mortgage)
For example, the annual lease cost of my Ioniq was around 10% of the purchase cost, so seemed a no brainer to lease it really.
No hassle selling it on, you just call the lease company and they collect it.
Many leases do have some flexibility to extend at the end of the term, or hand back early (though handing it back within the first year will be quite expensive).
2 year terms are sometimes not much more than 3 year, so try for a 2year if possible (cheaper to get out of if circumstances change).

 

I've had 4 lease cars in a row and it can work out well if there's a cheap deal on a car you want at the time you want it. Have to have a mindset of taking the offer rather than picking a specific car/trim, and generally options aren't worth getting, you just pay for them in full over the lease.

I'm PCPing this time though. Although leasing is a nice fixed cost, the last couple would have been no more expensive to PCP (selling at the end) but it's nice to have the option to just keep it, or indeed to clear it and sell earlier if we wanted to (leases can be expensive to exit early). I think demand will probably exceed supply for secondhand EVs for quite some time, and things like the government grant will taper off too. Plenty of choice of affordable longer range cars now, so no need to wait for something just around the corner. Don't want to lease again for 2 years and everything be way more expensive next time.

Not having to deal with main dealers for the purchase is one of the benefits of leasing.

There is a lot to be said for that. Although the new car was no more effort than arranging a lease - initially over facebook messenger(!) then paperwork over email. And just like my current lease, will need to travel over to the supplying dealer to pick up.

 

My lease allows for mid-term miles adjust. I reduced the annual mileage when I went on furlough. Early lease termination would cost half of the remaining payments.

 

I did my e Golf on PCP simply because I was concerned about future developments and being left with a lemon after 4 years.

As it happened, the e Golf just works for us and I realised that regardless of where the technology might be in 4 years, it would still work for us.

So, I cancelled the PCP and paid it all off after 12 months.

Just another option?

 

I felt much the same about this new technology, and although having done my research, decided PCP would give me a safety net.

 

Totally agree with simon-g. PCH or PCP for my cars, depending on cost. I only do 1 month up front in either scheme so I can quite easily see which is the best price. PCH is often the cheapest option, but PCP is more flexible.

 

And the soon to be Heat Pump grants

 

I'm leasing my Hyundai Ioniq. I've always used PCP before and I was planning to do that again but the lease deals available when I was looking were better than any PCP I could find.

It's been problem-free so far apart from trying to get a copy of the V5 from the leasing company (unlike on a PCP where you're the registered keeper, with a lease you're neither the registered keeper nor the owner so you don't get a V5).

I'll probably go back to PCP when the lease is up because I miss the flexibility of being able to change car mid-contract but I'll decide when the time comes.

 

I used Zen to lease my Zoe and was pleased with their service. It was my first time leasing as in the past I have bought cash, but I could not see how buying a Zoe and selling after 2 years would be cheaper than the deal I got! I also knew I wouldn't want it for more than 2 years too.

The only downside with leasing is the lack of flexibility if your circumstances change, but many do offer redundancy protection. Personally I wouldn't lease for more than 3 years.

 

Lease.

Shop around for deals, no one lease company is good, sometimes one company or another get good deals in sometimes not, shop around and wait for a good deal to come along.

Get GAP insurance. I consider it is essential. Shop around for that too, should not cost more than £100 or so. Dealer's GAP is usually waaay too expensive.