Best electric car lease deals UK 2022
Electric car leasing – aka Personal Contract Hire (PCH) or Business Contract Hire (BCH) – is becoming more popular in the UK. Here are some top deals from manufacturers and brokers
Leasing a car used to be associated mainly with companies and business users, but it’s becoming a more favoured option among private motorists, too. While Personal Contract Purchase (PCP for short) remains dominant with these buyers, those looking for a simpler, more flexible approach can be attracted to leasing.
The shift to leasing is happening in tandem with huge growth in electric cars, and the rapid progress of technology in this area means some buyers like the idea of being able to swap into a new model in just a few years with minimal hassle – and don’t mind the fact that they won’t have the option to buy outright. If you only think about the monthly payments, as many people do, leasing feels little different to taking out a PCP deal.
As far as car finance options go, leasing is probably the most straightforward. You simply pay a monthly fee to rent the car long-term, either from a broker or directly from the manufacturer. Usually, you need to pay a couple of months up front as a lump sum at the start of the lease, but there’s no ‘balloon payment’ at the end of the agreement – you simply hand the car back and take out a new lease on a new car at that time.
Crucially, the monthly payments on a lease are often cheaper than those on a PCP agreement, so leasing could make an electric car more attainable than you thought. And when you factor in the much lower running costs of an electric car compared to a petrol one, leasing an EV starts to make a lot of financial sense.
On this page, we’ve rounded up a selection of electric-car leasing deals that are available from both brokers and manufacturers as of summer 2022. As both brands and brokers are constantly adjusting their offerings, it’s best to think of them as indicative examples, giving you an idea of what you’ll pay for a certain model and what sort of initial rental and mileage limits you might face.
If you’d rather a shorter-term electric car lease, check out our electric-car subscriptions and electric-car rental round-ups instead. But if you’re after a PCH deal, here are some great electric-car lease deals in the UK right now. Note that deals and prices were correct at the time of publishing and are subject to change, and that unless it’s specifically part of the package, the cost of regular servicing isn’t included in these lease deals.
UK electric-car lease deals from brokers – personal contract hire (PCH)
The Fiat 500 has been reborn as a purely electric car. It’s stylish, well equipped and great fun to drive, and Leasing.com can get you behind the wheel of a 500 Action edition with the 24kWh battery for just over £285 a month over 48 months, with an initial rental of just over £2,500 to be paid. The annual mileage limit is 5,000; you can get a deal with an 8,000-mile annual limit for around £10 more per month.
If you want something a bit more practical for family motoring, the Hyundai Kona Electric can be leased for £343 a month for 48 months from Leasing.com. That gets you SE Connect spec with the 39kWh battery. Initial rental is a little over £3,000 and you can cover up to 5,000 miles a year on this deal.
The MG ZS EV is another good-value electric family SUV. It’s offered by Leasing.com for just over £300 a month on a 48-month lease agreement. The initial rental amounts to just over £2,700 and there’s a 5,000-mile annual limit. This deal gets you into a 51kWh battery car in the SE trim level. There’s also a 24-month deal from the same broker that’s around £329 a month, which will be ideal if you’re looking to dip your feet into the electric-car waters.
Tesla continues to be one of the most popular electric-car brands for those on a higher budget. Leasing.com can have you driving the Model Y Long Range for just over £555 a month over 36 months, after an initial payment of £5,000. You’re also limited to 5,000 miles a year here. Increasing the mileage limit to 8,000 per year costs around £35 per month.
Peugeot’s e-2008 offers all the style and electric technology of the smaller e-208 hatchback, but in a more practical and family-friendly body. You can lease one in well equipped GT specification from Leasing.com from around £365 per month over 48 months. At that price, there’s an upper mileage limit of 5,000 a year and an initial rental of just over £3,291 to pay at the beginning of the agreement.
UK electric-car lease deals from manufacturers – personal contract hire (PCH)
The BMW i4 is among the most impressive EVs to come out of the Munich manufacturer’s stable – we’d even say it just shaded the hugely popular Tesla Model 3, especially when it comes to driving enjoyment. BMW UK is currently offering the mid-range eDrive40 M Sport (cash price £55,675) on a 48-month lease with a 10,000-mile annual limit. After an initial rental of £4,658, you’ll pay £872 a month on this deal.
Citroen’s e-C4 is one of the quirkier and more distinctive electric family cars you can buy. The French brand is currently offering it in Shine Edition specification, with a 50kWh battery, from £349 a month, after an initial rental payment of £6,219.
Despite being on sale for several years now, the Jaguar I-Pace has never looked like losing its status as one of the best-handling and most desirable electric cars on the roads. The EV400 Black model is now available on a 48-month lease with a 10,000-mile annual limit for £769 a month, after a £9,228 initial payment. Note that the excess mileage charge is incredibly steep (almost 28p per mile) so travel more miles than you agreed to and you’ll be faced with a large bill.
The Mazda MX-30 is an unusual electric-car offering, with a smaller battery than many rivals and unique rear-hinged doors setting it apart from the crowd. Lease deals start from £389 a month after a £2,334 initial rental for Prime-Line, with the example agreement running for 36 months and allowing 9,000 miles a year.
The MINI Electric is one of our favourite small electric cars. Okay, it doesn’t have the range for cross-continent adventures, but it’s one of the most enjoyable ways to nip around town or tackle your favourite country road. In Level 2 spec you can pay £380 a month on a 48-month deal, after an initial rental of £4,500 and with a mileage limit of 8,000 per year.
The Skoda Enyaq iV is one of the most popular and best-value electric family SUVs out there. On Skoda’s ‘Lease&Care’ programme, you can lease the 60 ‘Loft’ model with metallic paint and regular servicing included on a 48-month deal for £499 a month, after an initial rental of £2,994. Mileage can be up to 10,000 a year, with any excess charged at 7.2p per mile.
It’s not the newest kid on the EV block any more, but the Vauxhall Corsa-e is still a solid and good-value choice if you’re looking for a zero-emissions urban and suburban runabout. Vauxhall offers it in GS Line spec for £359 a month over 48 months, after an initial rental of £4,308 and with an annual cap of 8,000 miles.
The Volvo XC40 Recharge is a rival to the Tesla Model Y and Audi Q4 e-tron, and can be leased or subscribed to through the brand’s Care by Volvo plan. A lease plan is significantly cheaper than the latter, with a single-motor XC40 Recharge Core model coming in at just under £550 a month after an initial rental of £4,932. The 48-month deal allows you to rack up 10,000 miles a year.
UK electric-car lease deals from manufacturers – business contract hire (BCH)
The Audi Q4 e-tron electric SUV is a classy and practical electric car well suited to handling both business and family duties. Audi’s business contract hire deal costs £550 plus VAT per month over 36 months, with an initial rental of £3,300 plus VAT and a 10,000-miles-per-annum limit.
The cute Honda e could be a perfect eye-catching car for business use around the city centre, and in top-spec Advance form it’s available from £437 plus VAT per month, after an initial payment of £2,622 plus VAT. The deal runs for 36 months but has a relatively low annual mileage limit of just 5,000.
Hyundai has been in the EV game for a good few years but has really stepped up with the Ioniq 5 hatchback. Practical, head-turning and high-tech, it’s available in Premium spec with rear-wheel drive and a 77kWh battery on a business lease for just under £426 a month plus VAT, with a £2,554 plus VAT initial rental.
The Renault Zoe supermini was one of the pioneers of mainstream electric motoring and it’s still a strong contender these days, returning excellent range for a car so small. In GT Line spec, you can lease one as a business user for £354 plus VAT a month for 36 months, having made a £2,124 plus VAT initial payment.
In This Review
- 1IntroLeasing, or personal contract hire (PCH), is an easy way to get behind the wheel of a brand-new hybrid or electric car
- 2Leasing explainedLong-term car rental, otherwise known as car leasing or personal contract hire (PCH), is an increasingly popular way to purchase a car. Here's how it works
- 3Best electric car lease deals - currently readingElectric car leasing – aka Personal Contract Hire (PCH) or Business Contract Hire (BCH) – is becoming more popular in the UK. Here are some top deals from manufacturers and brokers
- 4Best hybrid car lease dealsThinking about leasing a hybrid car? We’ve rounded up the best hybrid lease deals from brokers and manufacturers
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