Best cars

Best electric car lease deals

Leasing (PCH) deals are becoming more popular; we’ve rounded up the best electric-car lease deals in the UK

Blue Hyundai Ioniq Electric

While Personal Contract Purchase (PCP) deals are still the most popular way to drive a new car, leasing deals (PCH, or Personal Contract Hire) are growing steadily. They were primarily for business users a few years ago, but now many private buyers are choosing to lease as well. There are plenty of UK electric-car lease deals; we’ve rounded up the best.

Leasing works a bit like a PCP deal, because you make a monthly payment for a set period and can switch to a new car at the end of the deal. You don’t have the option to own the car at the end, like you do on a PCP, but a lease will suit if you know you’ll want a new car in several years’ time. PCH deals are therefore a great way to dip your toe into the electric car lifestyle.

Crucially, monthly lease prices are often cheaper than PCP deals, so an electric car may be more attainable than you might have thought. With the much lower running costs of an electric car compared to a petrol one, leasing an electric car makes a lot of sense.

The leasing deals listed here are examples; most of the time, you can adjust the mileage limit, monthly term and the amount of initial rental you pay, usually for a slightly higher monthly payment. We’ve rounded up deals from a number of leasing brokers, who tend to offer much better prices than manufacturers or dealerships. However, it’s worth noting that few of these deals include maintenance, so you’ll have to budget a bit extra if you want the peace of mind of a maintenance plan.

If you’d rather a short term electric car lease, it may be better to check out electric-car subscriptions or rental instead. But if you’re after a PCH deal, here are the best electric car lease deals in the UK right now. All deals and prices are correct at the time of writing.

Hyundai Ioniq Electric driving towards viaduct

Hyundai Ioniq Electric

ModelDurationAnnual mileage limitInitial rentalMonthly payment
Ioniq Electric Premium 38kWh24 months5,0009 months£168

The Hyundai Ioniq is a sleek and spacious car that’s a similar size to a Ford Focus. You can choose from hybrid, plug-in hybrid and fully electric versions, which are easy to drive and practical. The Ioniq Electric manages up to 193 miles on a charge, and can be recharged overnight from a home wallbox without any fuss – or at a 50kW fast-charger when you’re out and about. Both trim levels are fantastically well-equipped, with heated front seats, LED lights all-round, adaptive cruise control, sat nav and a rear-view camera all fitted as standard.

This deal on Leasing Options seems like the perfect way to see if an electric car is for you. It’s only a two-year commitment, the monthly payments are cheap at £168 and the nine-month initial rental is a lot lower than a deposit on a PCP deal. The only thing to watch out for is the 5,000-mile yearly limit – lease deals tend to have quite high charges if you exceed the agreed mileage – but an 8,000-mile allowance only bumps the price up to £193 a month.

MG ZS EV driving

MG ZS EV

ModelDurationAnnual mileage limitInitial rentalMonthly payment
ZS EV Excite 44.5kWh36 months5,0009 months£178
ZS EV Excite 44.5kWh48 months8,0009 months£202

The MG ZS EV was the brand’s first electric car, and it’s a fashionable small SUV that happens to undercut most of its rivals. While the petrol ZS is best avoided, the electric one is a far more interesting proposition. It’s much quicker and better to drive, plus stays comfortable most of the time and there’s plenty of tech to play with. It may not offer quite the same amount of range as a similarly priced electric supermini, but you get far more space – and the MG’s 163-mile range means you’re not limited to your local town.

There are a number of great leasing deals on the MG ZS EV; we spotted one for £178 a month for 36 months on Leasing.com, or a 48-month lease with a more generous 8,000-mile limit for £202 per month on GB Vehicle Leasing. That’s around £100 per month cheaper than MG’s equivalent PCP deal - which shows why electric vehicle leases are not to be sniffed at.

Nissan Leaf long-term test pictures

Nissan Leaf

ModelDurationAnnual mileage limitInitial rentalMonthly payment
Leaf Tekna 40kWh36 months6,0009 months£188
Leaf N-Connecta 40kWh36 months10,0006 months£221
Leaf e+ N-Connecta 62kWh48 months10,0006 months£239

The Nissan Leaf is now in its second generation, and the latest model brings more technology, more handsome styling and more range than its predecessor. Standard models promise up to 168 miles on a charge (a figure that’s realistic in our experience), while long-range e+ versions up the figure to 239 miles. Nissan has also given the Leaf its bleeding-edge ProPilot system – it’s standard on Tekna trim and optional elsewhere – which means the car can drive itself in some situations, and even slot into a parking spot without much human input.

As it’s one of the most successful electric cars, it’s no surprise that many leasing companies are trying to draw you in with tempting deals. This three-year deal, with a 6,000-mile allowance, is cheap at £188 per month – especially as it’s on the top-spec Tekna model. A smaller initial rental and a higher mileage limit comes in at £221 for a mid-spec N-Connecta on Select Car Leasing. You can normally expect to pay around £300 a month for the Leaf e+, but this ‘hot deal’ on Nationwide Vehicle Contracts is just £239.

Renault ZOE

ModelDurationAnnual mileage limitInitial rentalMonthly payment
ZOE R135 Iconic 50kWh48 months8,0009 months£205
ZOE R135 GT-Line 50kWh (fast-charging)48 months5,0006 months£210

The new Renault ZOE may look similar to the old one, but it’s measurably better in most respects. Around 100 miles was the realistic limit for the old one; the new one officially manages 245 miles in perfect conditions. Fast-charging is optionally available as well, meaning you’ll have enough charge for the rest of your journey in the time it takes to enjoy a coffee. The new ZOE also includes upholstery and materials made from recycled seatbelts and plastic bottles.

You can choose R110 or R135 motors for your ZOE, with the latter being more powerful and making the car quicker to accelerate. Both deals here are for the R135; a 48-month deal for the mid-range Iconic trim with 8,000 miles a year is £205 per month on Leasing.com, while this deal on Stable Vehicle Contracts is also worth mentioning. As long as you’re happy on a 5,000-mile-a-year deal, the top-spec GT Line is just £5 more a month - and includes the fast-charging capability.

MG 5 estate

MG 5

ModelDurationAnnual mileage limitInitial rentalMonthly payment
MG 5 Excite 53kWh36 months8,0009 months£205

The MG 5 is the only mainstream electric estate on the market right now and, like the MG ZS EV crossover, MG’s second electric car costs about as much as an electric supermini like the Peugeot e-208. It doesn’t score highly for excitement, and from some angles it looks a little unusual, but the MG 5 is great at the sensible stuff. The boot is generous, the 214-mile range is decent – it’ll be more than enough for most buyers - and the smart interior includes plenty of equipment.

As it’s quite new, there aren’t too many leasing deals for it at the moment. The one we’ve picked out from Jet Vehicle Finance requires an £1,846 initial payment, but gives you 8,000 miles a year for three years. It seems good value at £205 per month, and paying three months up front (£670) rather than nine only adds £18 to your monthly payment.

Skoda Enyaq iV

Skoda Enyaq iV

ModelDurationAnnual mileage limitInitial rentalMonthly payment
Enyaq iV Lodge Nav 62kWh36 months5,0009 months£302
Enyaq iV Suite Nav 62kWh48 months8,0003 months£350

Skoda’s first from-the-ground-up electric car is the Enyaq iV, which is pretty impressive for a first go. Based on the Volkswagen ID.4’s underpinnings, the Enyaq iV is a spacious and sharp-looking SUV packed with practical touches. It’s a big five-seater that can travel around 300 miles on a charge (if you pick the bigger battery), and has been worth the wait if you’ve been after a more spacious alternative to the Kia e-Niro. Add some sustainable interior trimmings and reasonable prices and the Enyaq iV should be a winner.

Lease prices for the Enyaq iV are really appealing; through Select Car Leasing you can drive one for three years for just £302 per month. That’s with nine months put down upfront and a meagre 5,000-mile annual limit, but there are longer-mileage options out there for not much more. GB Vehicle Leasing is offering a four-year, 8,000-mile-a-year deal, again with nine months upfront, for £312 – the same price as a 5,000-mile deal. Only putting in three months upfront sees prices rise to a still-palatable £350 a month.

Vauxhall Vivaro-e Life

Vauxhall Vivaro-e Life

ModelDurationAnnual mileage limitInitial rentalMonthly payment
Vivaro-e Life Edition M 50kWh48 months8,000 miles9 months£385

If you need your electric car to have at least seven seats or a lot of luggage space, a van-based MPV is the way to go. The Vauxhall Vivaro-e Life offers seating for up to nine people, and uses the same battery and motor setup as the Vauxhall Corsa-e. With much heavier bodywork, the Vivaro would never be as efficient as the Corsa, but a range of over 140 miles and fast-charging means that it should be easy enough to live with, even on long motorway journeys.

On Lease4Less, you can get a Vauxhall Vivaro-e Life in Edition trim for £385 a month. It’s a four-year deal, enabling you to cover up to 32,000 miles, and is based on paying nine monthly payments upfront (£3,468). The Edition trim does feel like a minibus, but at least the standard equipment includes DAB radio, Bluetooth, cruise control and air conditioning. Stepping up to the second Elite trim (pictured here), with all its extra equipment, will cost around £200 more per month.

Tesla Model 3

Tesla Model 3

ModelDurationAnnual mileage limitInitial rentalMonthly payment
Model 3 Standard Range48 months5,000 miles9 months£404

Tesla always planned to make a cheaper car than the Model S and Model X, and the resulting Model 3 is incredibly popular. It’s a fully electric BMW 3 Series rival that appeals to the head by offering a far lower company-car tax rate, and to the heart with all its gadgetry and performance. The Model 3 can hook up to Tesla’s Supercharger network and third-party providers, giving the best of both worlds, and manages over 300 miles between charges. All in a car that can outrun many sports cars.

Getting behind the wheel of a Model 3 will almost certainly be cheapest if you’re a company-car driver, as we’ve not seen stand-out lease deals for private buyers. Both Leasing.com and Nationwide Vehicle Contracts offer Tesla Model 3 lease deals starting from around £405 a month, albeit for a 5,000-mile-a-year deal that requires you to put an initial payment of nearly £4,000 down. A 10,000-mile deal will cost closer to £450 per month.

Ford Mustang Mach-E

Ford Mustang Mach-E

ModelDurationAnnual mileage limitInitial rentalMonthly payment
Mach-E Standard Range 68kWh RWD48 months8,000 miles9 months£466

Ford has basically started from square one with electric cars, as the Mustang Mach-E is the company’s first EV in a decade, and its first electric-only model. And what a way to announce its arrival, using the fabled Mustang badge on an electric crossover (which really upset Ford purists!). Behind the moustache-like grille is a car that’s gunning for Tesla, in terms of its range, performance and whopping infotainment touchscreen. Even the Standard Range model will cover more than 250 miles before it needs plugging in again; the Extended Range adds another 100 miles or so.

This deal from Hitachi Capital Leasing Solutions is for 8,000 miles a year, and requires you to pay nine months upfront, then £466 for 48 months. That doesn’t seem too outlandish for a high-tech, high-performance electric crossover, although there are no PCP prices for the Mach-E at the time of writing so it’s difficult to compare. Upping the mileage to 12,000 only costs an extra £20 a month.

Porsche Taycan

Porsche Taycan

ModelDurationAnnual mileage limitInitial rentalMonthly payment
Taycan RWD 79kWh48 months8,000 miles12 months£708

Finally, the Tesla Model S has a competitor - and maybe a car to aim for. Porsche has never built an electric car before, but that doesn’t stop the Taycan being one of the very best EVs on sale today. It looks and feels like a Porsche, both inside and in terms of its exciting driving experience.

Even the base Taycan is quick out of the blocks, but the top-spec Turbo S will out-accelerate all but the most powerful hypercars. It’s expensive on paper, as you’d expect, but in fact the Taycan matches the Panamera for price – but features the added draw of low running costs. No wonder the Taycan has already become a semi-regular sight on our roads.

Sign a four-year lease deal for a base model Taycan through Select Car Leasing and you’ll pay £708 per month. You’ll need to put £8,500 down as an initial payment (the equivalent of 12 months’ payments), which probably won’t be a problem for many prospective Taycan drivers, but you will be able to drive up to 8,000 miles a year. A 5,000 limit drops it to £661 per month.

Most Popular

Complete guide to the BP Pulse (formerly Polar Plus) charging network
BP Pulse
Your questions answered

Complete guide to the BP Pulse (formerly Polar Plus) charging network

This is how to charge your electric or plug-in hybrid car on the BP Pulse public charging network (formerly known as Polar Plus)
2 Jun 2021
Complete guide to BP Pulse (formerly Chargemaster) home chargers
BP Chargemaster wallbox
Your questions answered

Complete guide to BP Pulse (formerly Chargemaster) home chargers

Everything you need to know about BP Pulse (formerly known as BP Chargemaster) home wallbox chargers for electric and plug-in hybrid cars
3 Jun 2021
Electric car loans and grants in Scotland: a complete guide
Vauxhall Corsa-e and Renault ZOE
Your questions answered

Electric car loans and grants in Scotland: a complete guide

If you live in Scotland and are looking to buy an electric car, there are a number of government schemes to help out
2 Jun 2021