Best electric car finance deals: February 2025
Looking at swapping petrol or diesel pumps for a plug? Here are some of the best electric car finance deals available right now to make plugging in that little bit easier on the wallet

Hunting for the best electric car finance deals has become a priority for many motorists. This is because more and more drivers are seeing the benefits of an electric car - especially with petrol and diesel prices showing no signs of decreasing. Plus, the idea of a quiet, relaxing car which can be refuelled as you sleep sounds pretty appealing.
Additionally, if you charge using electricity from renewable sources, the carbon footprint of each mile you drive is tiny. For certain types of motorists - especially those who drive company cars - an electric car can present significant financial savings, too.
As demand for battery-powered cars is growing, so too are the number of makes and models available to choose from. Given the size demands of packaging a big enough battery under an electric vehicle, combined with their popularity, it's no surprise that the number of electric SUVs to choose from is growing quickly.
We've been busy searching online to find what we think are the best finance deals on electric cars. You may be surprised at how affordable switching to an electric car can be. Plus of course, don't forget about the far cheaper running costs, especially if you switch at an EV specific energy tariff.
Alfa Romeo
The Alfa Romeo Junior Elettrica and Tonale PHEV get £999 towards an EV home charger and installation. The Junior and selected in-stock Tonale models are 0% APR with a 10% deposit. Find out more on these deals
Alpine
The new Alpine A290 range starts at £345 a month at 2.9% APR on a 48-month deal. Find out more on this deal
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Deposit contributions include the Audi Q6 e-tron (£6,500), Audi A6 Avant e-tron (£3,750), Audi Q4 e-tron (£8,325) and Audi S e-tron GT (£15,000). The e-tron deals include a free Ohme home charger worth £999 or an extra £500 off. Find out more on these deals
BMW
The new BMW iX2 xDrive30 M Sport has a £6,500 discount, making it £579 a month. Find out more on this deal
BYD
PCP deals include the BYD Dolphin starting at £269 a month with 0% APR and £269 customer deposit. The BYD Atto 3 starts at £389 a month with 0% APR, £389 down, a £4000 deposit contribution and a £1800 dealer discount. The BYD Seal U DMi starts at £349, the BYD Seal starts at £479 and BYD Sealion 7 starts at £489 a month. Find out more on these deals
Citroen
The Citroen e-C3 starts from £339 with a £339 deposit and £951 deposit contribution, and the Citroen e-C4 starts at £456 a month. Find out more on these deals
Cupra
Cupra has 0% APR PCP and £4,500 towards your deposit available on the Cupra Born EV, and 1% APR on £3,000 towards your Cupra Tavascan. Find out more on these deals
Dacia
The Dacia Spring is 0% APR with a £500 deposit contribution. Find out more on these deals
Fiat
The Fiat 600e (RED) has a £100 deposit contribution and the Fiat 500e Giorgio Armani has £350 towards your deposit. Find out more on these deals
Ford
The Ford Explorer has a £3,000 deposit contribution and 0% APR over three years, or £2,000 and 0% APR over four years. The Ford Capri (£3,000 and 0% APR), Ford Mustang Mach-E (£7,500 discount and 0% APR) and Ford Puma Gen-E (0% APR) also have offers. Find out more on these deals
Genesis
The Genesis GV60 is available from £386 a month with a £5,000 deposit contribution and 1.9% APR, although the customer deposit required is a hefty £15,000. Find out more on this deal
GWM
The GWM Ora Pure is £299 a month on a 48-month PCP deal limited to 8000 miles a year with a £595 deposit contribution. Find out more on these deals
Honda
The electric Honda e:Ny1 has £2,000 towards your deposit and 2.9% APR. All models have five years' servicing included. Find out more on these deals
Hyundai
Deposit contributions include the Hyundai Inster (£1,000), Hyundai Ioniq 5 and Hyundai Ioniq 6 (£2,000). The Hyundai Ioniq 5, Hyundai Ioniq 6 and Hyundai Tucson are 0% APR. Find out more on these deals
Kia
Kia is offering zero deposit PCP on all models, plus deposit contributions including £1,500 towards the Kia Niro EV and £2,000 towards the Kia EV6, and all EVs get a year of Kia Charge Plus discounted charging included. Find out more on these deals
Mazda
The Mazda MX-30 EV is £199 a month, 0% APR and a £6,000 deposit contribution, the Mazda2 Hybrid has 0% APR, and the Mazda CX-60 PHEV has a £1,200 deposit contribution and 0% APR. Find out more on these deals
Mercedes-Benz
Mercedes PCP discounts include the Mercedes EQA and Mercedes EQB (£6,500), the Mercedes EQE Saloon (£7,000), the Mercedes EQS Saloon (£7,500) and the Mercedes-AMG EQS 53 Saloon (£9,500). There's 0% APR on the EQ electric vehicle range, too. Find out more on these deals
MG
The MG4 EV starts at £169 per month and the MG ZS EV starts at £309, both with 0% APR. The MG5 has £750-£1,750 deposit contributions, the MG3 hybrid gets £250-£750, the MG ZS hybrid £500-£750 and the MG HS £250-£500. Find out more on these deals
MINI
Deposit contributions include the new MINI Cooper Electric (£1,750), MINI Aceman (£1,500) and MINI Countryman Electric (£5,000). Find out more on these deals
Nissan
The Nissan Ariya is available with a £1,000-£2,000 deposit contribution and 1.49%-1.99% APR on PCP. Find out more on this deal
Omoda
The electric Omoda E5 is £369 a month with £369 deposit and 0% APR, and buyers can choose either a home charger or £900 Electroverse charge card. Find out more on these deals
Peugeot
Peugeot Switch Grant contributions are available on the Peugeot e-208 (£2,600), Peugeot e-2008 (£3,850), Peugeot e-308 (£1,850), Peugeot e-3008 (0% APR) and Peugeot e-5008 (£1,000 and 0% APR). Find out more on these deals
Polestar
The Polestar 2 is 0% APR and £2,000 off, the Polestar 3 is 0% APR and £3,000 off and the Polestar 4 is 0% APR and £1,500 off. Costco members can also get an additional £2,000 discount on the Polestar 4. Find out more on these deals
Renault
The new Renault 5 is 0% APR over two years or gets a £955 deposit contribution and 5.5% APR over four years. The Renault Megane E-Tech (£2,000) has 0% APR and the Renault Scenic E-Tech (£2,000) is 2.9% APR over 48 months. Find out more on these deals
Skoda
The new Skoda Elroq is 0% APR and has an early bird £3,500 deposit contribution, and the Skoda Enyaq is 0% APR with £2,650 towards your deposit. Find out more on these deals
Smart
Smart is currently offering the Smart #1 Pro+ electric SUV with a £4,000 discount on PCP, making monthly payments £379 over 48 months with a £2,999 deposit. Find out more on this deal
Subaru
Subaru currently has deposit contributions on the Subaru Solterra EV (£1,500) when financed with PCP. Find out more on this deal
Tesla
The Tesla Model Y SUV is available from £459 with a £6,800 deposit and 0% APR. The facelifted Tesla Model 3 starts from £448 per month with £6,950 deposit at 2.9% APR. Find out more on these deals
Toyota
The Toyota bZ4X is available with 0% APR and a £2,500 deposit contribution. Find out more on this deal
Vauxhall
Opt for electric and contributions include the Vauxhall Corsa Electric (£1,950-£2,850), Vauxhall Frontera Electric (£550-£1,950), Vauxhall Mokka Electric (£1,050-£3,950) and Vauxhall Grandland Electric (£850-£1,650). Find out more on these deals
Volkswagen
The electric VW ID.3 (£3,950), VW ID.4 (£5,100), VW ID.5 (£5,750) VW ID.7 (£1,700) are available with 0% APR over 36 months. Deposit contributions are £6,650, £6,025, £8,900 and £6,900 respectively on a 48-month term at 5.9% APR. Find out more on these deals
Volvo
EV discounts include the Volvo EX30 (£1,000), Volvo EX40 (£4,000) and Volvo EC40 (£5,000). Find out more on these deals
Tesla Model Y
PCP from £405 a month
Deposit from £4,498
The Tesla Model Y was one of the biggest selling cars on the entire planet in 2024, and the UK's best-selling EV by far. That means Elon Musk's electric vehicle brand must be doing something worth considering for so many new Model Ys to find homes. A heavily updated version of the Model Y, featuring a new look inside and out, and retuned suspension, arrives in the UK in May.
Tesla offers PCP and the ability to buy its cars direct through its website. However, if you're looking to buy new, we'd recommend waiting a few months for the full range of facelifted Model Ys to go on sale - a top-spec Launch Edition is the only choice to begin with. Can't wait? Then Tesla will still sell you one of the outgoing Model Y, starting at £459 a month on a 48-month PCP with a £6,800 deposit and 0% APR.
Due to its popularity, there are increasing numbers of Model Ys hitting the used market, too, making PCP deals worth a look.
Tesla Model Y Long Range AWD 5dr Auto
Price: £30,250 or £404.90 a month
Mileage: 18,118
Annual mileage limit: 10,000
Deposit: £4,498
Monthly payments: 47 x £404.90 (£19,030.30)
Optional final payment: £16,975
Total payable: £40,753.80
APR representative: 13.4%
PCP agreement length: 48 months
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Audi Q4 e-tron
PCP from £433 a month
Deposit from £4,620
Audi Q4 e-tron review
Almost 18,000 examples of the Audi Q4 e-tron found homes in the UK in 2024, making it runner-up to the Tesla Model Y as the UK's most popular EV. And it's not hard to see why, thanks to the Q4's well-equipped and spacious interior, usefully long electric range and choice of different powertrains.
If you're looking for a brand-new Q4, Audi has a PCP deal for £499 a month with a decent 10,000 miles per year limit and healthy deposit contribution. Or there are plenty of great used examples to choose from.
Audi Q4 150kW 40 82kWh S Line 5dr Auto
Price: £30,800 or £433.31 a month
Mileage: 11,427
Annual mileage limit: 10,000
Deposit: £4,620
Monthly payments: 47 x £433.31 (£20,365.57)
Optional final payment: £16,302.50
Total payable: £41,538.07
APR representative: 13.3%
PCP agreement length: 48 months
See this deal
MG4
PCP from £190 a month
Deposit from £2,099
The MG4 is one of the most popular electric cars in the UK, thanks to its value price tag, generous equipment levels and spacious cabin. The MG4 is also surprisingly good to drive, while its electric range of up to 281 miles will be more than adequate for most.
MG offers two PCP deals on the MG4. A 37-month 0% APR deal costs from just £169 a month, but requires a deposit of over £10,000. A four-year 2.9% APR deal costs from £269 with a £5,400 deposit.
There's also plenty of choice of MG4 models on the used market that are well worth considering, as our example below shows.
MG4 125kW SE EV 51kWh 5dr Auto
Price: £13,995 or £190.45 a month
Mileage: 26,776
Annual mileage limit: 10,000
Deposit: £2,099
Monthly payments: 47 x £190.45 (£8,951.15)
Optional final payment: £7,615
Total payable: £18,915.40
APR representative: 13.4%
PCP agreement length: 48 months
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BMW i4
PCP from £497 a month
Deposit from £5,097
BMW i4 review
The BMW i4 is an excellent electric family car, with plenty of range, lots of standard equipment and enough room for most. It’s not ideal if your kids are grown up, as the rear seats are a little tight, but the hatchback boot is useful for carrying bigger items.
BMW offers both the i4 eDrive40 M Sport and i4 M50 on PCP. The former starts at £699 a month with a deposit of just over £10,000 on a four-year deal at 3.9% APR, while the former costs from £899 a month with a £6,200 deposit.
Used i4s are starting to become more available, helping to make prices even more attractive, driving PCP monthly payments below £500.
BMW i4 250kW eDrive40 M Sport 83.9kWh 5dr Auto
Price: £33,980 or £496.68 a month
Mileage: 19,146
Annual mileage limit: 10,000
Deposit: £5,097
Monthly payments: 47 x £496.68 (£23,343.96)
Optional final payment: £16,975
Total payable: £45,665.96
APR representative: 13.4%
PCP agreement length: 48 months
See this deal
Kia Niro EV
PCP from £337 a month
Deposit from £3,442
The Kia Niro EV is well worth a look if you're interested in going electric but don't want to compromise on your car's ability to transport you and your family in space and comfort. All models are well equipped, so even the entry-level Niro EV 2 has twin 10.25-inch screens, Apple CarPlay and Android Auto-compatible infotainment, a reversing camera and smart cruise control. Downsides are that range is only modest and charging speeds are a little slow, so extra forward planning on longer trips may be required.
Kia is currently offering a £1500 deposit contribution and zero deposit to pay on a new Niro EV PCP, which makes a Niro EV 2 £525 a month over 37 months with a £3,733 deposit. There are plenty of low-mileage models on the used market too:
Kia Niro EV 150kW 3 65kWh 5dr Auto
Price: £22,950 or £336.92 a month
Mileage: 19,918
Annual mileage limit: 10,000
Deposit: £3,442
Monthly payments: 47 x £336.92 (£15,835.24)
Optional final payment: £11,244.70
Total payable: £30,772.44
APR representative: 13.4%
PCP agreement length: 48 months
See this deal
How much does it cost to run an electric car?
Leasing an electric car should mean rock-bottom running costs, as lease agreements are normally for new or nearly new cars. This means they are less likely to need major repairs and if there are any faults with the car, they should be covered by the warranty provided by the car manufacturer. In addition to this, electric cars should be even less likely to need work compared to a petrol or a diesel vehicle as they have fewer moving parts to wear out.
Furthermore, up until a car is three years old, it does not require an MOT. As many lease deals won’t run longer than 36 months, you can wave goodbye to spending time finding a reputable garage and wondering if they charged you a fair amount.
One last running cost to mention is road tax, which is most often paid by the organisation a car is leased from. As electric cars are exempt from road tax, though, this cannot really be considered a bonus as it is free anyway.
How do I charge my electric car?
When leasing an electric car it is the responsibility of the driver to charge the vehicle and how this is done is up to them. They could use a three-pin plug as found in all UK houses, but because of the significant amount of electricity required to charge an EV, this isn’t recommended.
The best option is to get a dedicated car charger installed. It is worth shopping around as occasionally lease deals crop up that include a charger or at least a discounted one, or switching your home electricity tariff to an EV-specific one can yield the same result. Failing any deals being available, you will need to organise a company to come and install a charger for you.
For most domestic properties the maximum output for a charging point will be 7kW. Any higher than this and you will likely need to upgrade the power supply to your house, which gets expensive and disruptive. A 7kW charger is plenty for replenishing a battery’s charge overnight, although electric cars with large batteries (at least 75kWh) might struggle to get 100% charged overnight if flat when plugged in.
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When driving an electric car, it is a good idea to think about the places you most commonly visit and maximise the charging network available. This is because, in some towns, there are shops, restaurants and leisure centres that can provide free charging. These save you money and handily keep your car topped up throughout the day.
Similarly, if you are going on a longer journey and need to top up the battery, finding a commercial charger with a high power output (such as 50, 75 or 100kW, or even more) cuts down the length of time you will be waiting for range to be added. Not all electric cars can charge at higher rates, though, so be sure to check the specification of the EV you are driving.
There are some great (and free) resources online that can help with finding chargers and planning routes. Zap-Map is one of the most popular, which can be accessed as a website and a smartphone app. A handy feature of Zap-Map is that it will show the type of charger connector (the European standard is called ‘Type 2’ but there are a few other types) available at each charging point and whether or not it is in service. Turning up to a broken charger is very frustrating...
What are the benefits of electric car finance?
Aside from the environmental benefits, lower running costs and lower tax associated with EVs, taking out a PCP deal on an electric car gives you flexibility. For a relatively affordable deposit - often covered at least partially if you have a car to trade-in - and fixed monthly payments - you get to try the EV life for size.
If, at the end of your deal, you're not convinced, you can simply give the car back, or use the equity against a new PCP deal on a car that might better fit your needs. If it turns out the EV is a great fit, a PCP also gives you the option of being able to buy the car outright and continue motoring for many happy miles to come.
What are the downsides of electric car finance?
Wider concerns about running an EV, particularly as your only car, are well documented. But aside from range anxiety and charger drama, many electric drivers report being pleasantly satisfied with the results of making the electric switch.
As new technology, electric vehicles currently cost significantly more than their ICE-powered counterparts. And that means higher upfront costs like initial deposits, and higher monthly payments than a petrol or diesel equivalent. However, some of this cost is clawed back through cheaper running costs, while many EV deals have significant incentives, like large deposit contributions, 0% APR and discounted home chargers to encourage you to plug in.
Another consideration is early termination of your PCP agreement. This is an issue regardless of how your car is powered, but if the EV life really doesn't suit you, paying to terminate a PCP early can be an expensive business. As ever, it pays to be informed of any and all costs before you sign the deal.