How much are electric cars?

Is it expensive to buy an electric car? 

For many of us, cost is one of the most important things when buying a car, whether it’s electric, petrol or diesel. If you’re just dipping your toe into the electric car market, you might have heard they’re expensive. Like any car, the cost depends on what you’re after. A swanky model with all the bells and whistles will cost you more than a dependable family car or a zippy little city number. It also depends on whether you choose hire purchase (HP), personal contract purchase (PCP), buy the car outright or maybe through your business.

How much will a lease set me back? 

You can lease an electric car, like the Renault ZOE, from about £346.47 a month (February 2024) from our leasing partner CBVC. View our full range of electric cars to lease here with some available in as little as 30 days. 

With both leasing and PCP, you pay a fixed monthly fee to rent the car. Both have limits on the number of miles you can drive – this would be agreed when you signed up to the agreement and you might have to pay for any damage excluded from the British Vehicle Rental and Leasing Association’s Fair Wear and Tear guidelines when you give the car back.  
 
If you’re leasing, you’ll hand the car back at the end. With PCP you can buy the car by making a final payment, called a balloon payment. Alternatively, you can just hand the car back. It’s more flexible than a standard lease, but can cost more.