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Financing An Electric Car

Financing An Electric Car

Once a fantastical thought, now a reality unravelling before us – the demise of petrol and diesel cars and the sharp rise of electric vehicles.

Benefits of leasing an electric car

Electrified vehicles offer many advantages over petrol and diesel models.

Cuts down fuel costs

Fuelling an electric vehicle as opposed to fuelling a traditional car will cut down your fuel costs dramatically. Just imagine not having to pay for petrol or diesel every week. And the money saving perks of an EV don’t stop there. Added financial benefits include:

  • Reduced road tax or even being exempt entirely
  • Free parking in many UK city centres
  • Insurance prices will be a lot cheaper
  • Public charging points at supermarkets or car parks are often free to use for the duration of your stay

Better for the environment

You’ll be contributing to a healthier and green climate. The majority of the UK’s greenhouse gas emissions now come from transport, which contributes 26% of our total. Adopting more eco-friendly transport is key to the puzzle when it comes to reducing our negative impact on global warming. These 100% eco-friendly vehicles run on electrically powered engines and don’t give off any harmful emissions.

Growing popularity

In the past, loyal customers would be reluctant to leave their go-to manufacturer if they didn’t offer electric options. With the huge growth in popularity of EV’s, most brands are now joining in with the movement, providing you with a wealth of choices.

Charging an electric car

It has now become easy to charge your EV whether you’re at home or on the move. 85% of users plug into domestic 13 amp power supply at home, the same as your vacuum cleaner or TV. As the number of EVs on the road continues to increase, charging points are being added all across the UK. Find your closest charging point here.

Charging times vary depending on vehicle and battery size. UK home wall sockets typically give a charge time of between six and eight hours for pure-electric cars. Most new EVs can also take advantage of rapid charging points that can take your battery up to 80% charge in around just 30 minutes.

Electric cars at Hippo Motor Finance

At Hippo Motor Finance, we have a huge variety of electric cars with tailored finance plans available. To acquire a quote and further details on financing an electric car, speak to us today by giving us a call on 01254 956 777 or drop us an email at info@hippofinance.co.uk.

Representative Example of Credit

We expect more than 51% of our customers to achieve this rate.

Loan Amount Total Cost of Credit Representative APR 60 Monthly Payments Deposit Amount Loan Term Total Amount Payable
£7,500 £3831 19.1% APR £188.85 £0 60 Months £11,331

All offers are subject to change at any time, you must be 18 or over and finance is subject to status, vehicle availability and terms and conditions apply. We can introduce you to a limited number of finance companies, a commission may be received. Failure to maintain payments may result in termination of your agreement and the vehicle being returned, this could affect your credit rating and make it more difficult to obtain credit in the future. All prices correct at time of publication.

We purchase a wide variety of vehicles from all over the country to ensure the best quality and value for our customers, all of our cars go through a thorough inspection process and if they do not meet our standards we do not sell them. We endeavour to inform our customers (where possible) the provenance of the vehicle they are buying and as such we will always inform you if the vehicle has previously been either an ex fleet or hire car. Should your vehicle be an ex hire/fleet car please do not be concerned as we would never value this vehicle differently when you come to part exchange it and there is no difference to the CAP valuation either.

You should try and estimate the distance you will travel as accurately as possible to try and avoid excess mileage charges at the end of your contract.

All pictures and/or photos and car descriptions on this site are for illustration and reference purposes only and are not necessarily the vehicle on offer. All offers are subject to change at any time and are subject to finance approval and vehicle availability. All prices correct at time of publication. E & OE.

Hippo Vehicle Solutions t/a Hippo Motor Finance is authorised and regulated by the Financial Conduct Authority. FRN 658076. We are a Credit Broker not a Lender and can introduce you to a limited number of lenders. Subject to status and to UK residents only (excl. the Channel Islands). Individuals must be 18 or over. Guarantees and indemnities may be required. We typically receive a fixed commission calculated by reference to the vehicle model, product or amount you borrow, for introducing you to a lender but this does not affect the interest charged on the agreement, all of which are set by the lender. Images for illustrative purposes only. Hippo Vehicle Solutions t/a Hippo Motor Finance is an Appointed Representative of AutoProtect (MBI) Limited for insurance distribution purposes. AutoProtect (MBI) Limited is authorised and regulated by the Financial Conduct Authority. Its firm reference number is 312143. You can check this at www.fca.org.uk

We endeavour to ensure that all information including the specifications and finance availability are accurate. Whilst we make every effort to display correct information we are aware that errors may occur occasionally. We are not able, therefore, to guarantee the accuracy of all information especially when given to us by third parties. If you do require clarification of some information you have seen on our website, please email us at info@hippomotorgroup.com . This does not affect your statutory rights.

We are a broker not a lender and our registered office is Unit 26 Trident Park, Trident Way, Blackburn, BB13NU.