The short answer to this question is yes. You definitely can lease an electric car – and you can do it with Vanarama.
And the longer answer is – yes, you can lease an electric car, and if you enjoy things like incredibly low running costs, experiencing the latest technology, doing your bit for the environment, and being on the end of award-winning customer service and advice then you, my friend, SHOULD lease an electric car with Vanarama!
Why Leasing An EV makes Sense In So Many Ways
There are so many reasons that leasing – rather than buying – an electric car really does add up.
Right now EV technology continues to be regularly updated but the normal lifespan of a vehicle in the UK is just over 13 years right now. That means outright ownership brings with it the risk of being stuck with tech that’s no longer fit for purpose.
Leasing takes away a lot of those ‘longevity’ problems: you can opt for a lease as short as 24 months, which means you can regularly ‘upgrade’ to a vehicle with the very latest specification – perhaps trading up to a car that has even more range or better charging speeds.
And because leasing contracts come in the form of a fixed monthly rental cost, you will find that cars that are out of your price range in terms of outright purchase now fall within your reach.
How does that work? Well, a lease effectively means you are paying for the cost of ‘usership’ of a car for a shorter timespan – two, three or four years – rather than the full purchase price of the car. You’ll find your money really can go further.
Leasing a car still allows you to qualify for all the currently available government grants as well. As of 18th March 2021, any all-electric car costing less than £35,000 is eligible for the government’s plug-in car grant, which means you will get the benefit of a £2500 discount across the term of the lease.
That figure has been reduced from the previous grant of £3000, as the government has stated they want the pot of money available to be spread across more car registrations. There is no way of knowing how long the grant will remain at this level, so if the car you are looking to lease qualifies then don’t waste any time to ensure you get the maximum grant available…
Is It Easy To Lease?
Yes, it really is as simple as choosing the car you want, filling out a few online forms, passing a credit check and leaving the rest to us.
To select your ideal electric car, you’ll need to work out the answers to a few simple questions:
What’s your budget?
How long do you want to keep the car for?
What do you expect your annual mileage to be?
Do you want to add a maintenance package to your lease?
Are you leasing personally or through a business?
When you’ve worked out those answers, use our site to read our reviews and choose the car that suits your needs and budget.
Once you’ve applied through Vanarama you will need to undergo a credit check. The finance company will verify that you can comfortably afford the payments and, if you have a strong credit score, you may even be offered a better interest rate and lower monthly payments.
When your finances have been approved, you’ll sign the leasing contracts and then it’s just about sitting back and waiting for your car to be delivered for free, direct to your door.
When the lease reaches the end of the term, the car has to be returned to the finance company. Before the vehicle goes back, it will be inspected for damage and excess mileage. This will be judged under a ‘Fair Wear & Tear’ policy which will account for the fact that you might well have been driving the vehicle for up to five years.
We don’t expect cars to be in pristine condition but we do expect them to have been looked after so that they are in a decent state to be sold on to their next owner. Take a look at our comprehensive wear and tear guide for more information.
What Are The Benefits Of Leasing With Vanarama?
First of all, for all electric vehicle leases taken out with Vanarama you will have a the choice of a Free fully installed Home charge point or if you cant charge at home or already have a charger then we can give you 8000 miles free public charging and access to the largest and cheapest member network in the UK with BP Pulse.*
If thats not enough, our Vanarama Price Promise guarantees that you will get the very best deal every time. It’s one of the main reasons that more than 96% of our customers recommend us.
Our price promise:
If you find a competitor's quote we can't beat, we'll give you £100.
We promise absolutely no hidden charges. We'll tell you about everything up-front so there are no nasty surprises.
If interest rates go down before delivery, we'll pass the price reduction on to you. If interest rates go up after you order your car, you won't pay a penny more.
In the unlikely event you find a better or like-for-like deal elsewhere we'll match it or you can have a full refund*.
And, if something happens that means you might have to postpone your order or cancel it, we'll give you a full no-quibble refund; no admin or cancellation fees and we'll return your deposit in full.
* Terms and conditions apply.
Our support doesn’t stop with our Price Promise, either. Loss of Earnings, Redundancy and Life Event Cover is included free with all our brand new cars, meaning you have essential protection if you’re struggling to keep up with your payments through no fault of your own.
And we’re always on hand to give you expert advice and support throughout all the stages of leasing your car. Our team is one of the most accessible and well respected in terms of providing brilliant customer service. It’s something we’re incredibly proud of.
At the recent UK CX Awards – the most well-known and prestigious awards for customer experience in the UK – Vanarama was awarded 5 Gold Awards and 1 Silver award in the 6 categories they entered:
Online Customer Experience
Customer Centric Culture
Customers at the Heart of Everything
Customer Experience during a crisis
Employees at the Heart of Everything
Employee Experience during a crisis (Silver)
So to return to the big question? Can you lease an electric car? Yes, of course you can. The question should really be: why would you do it with anyone other than Vanarama…?
*T’s & C’s apply