Ideal for companies of all sizes, business car leasing offers tax advantages, fixed monthly costs and flexibility. If you are a fleet manager, employee or director you can select a car, which meet your exact requirements.
You can set your own mileage (usually 5,000 - 30,000 per annum), initial rental (or deposit) and either include a maintenance or service package too.
Create a customised leasing contract on an EV you love for an affordable, cost-effective leasing price.
No need to stress with our straightforward leasing process that gives you the confidence to lease every 2 – 4 years.
Our team go above and beyond to make sure you receive a solution that meets your needs and requirements.
Choose a car which fits your business needs from our top electric lease deals2
Select your contract length, mileage, initial rental and mainteance to suit your needs3
Talk to our business car leasing specialists and once approved, arrange delivery to your home or business premises
Business car leasing is for a range of businesses. For sole traders and partnerships, as there is no separate legal entity, you are ultimately responsible. Many finance companies will require your annual turnover for the last trading year, annual cost of sales and annual expenses.
With a limited company (Ltd), the lease is between your company and the leasing company (known as lessor and lessee). Many finance companies will check your public records.
Business contract hire is an operating lease.
As the name suggests, this is a fixed contract between your business and a leasing company to use a new vehicle over 2, 3 or 4 years, with the understanding that the vehicle will be returned at the contract end.
Above all, contract hire is an alternative to purchasing an EV and is not a short-term solution like subscription and flexi-lease.
If you are thinking car leasing, here are some important points to weigh up.
Low initial rental (no deposit) options available – the initial rental is not a refundable deposit.
No depreciation concerns – contract hire and leasing is a usership product.
Cost certain – if you include a funder-maintained package, then all the normal running costs of servicing, maintenance, tyres and breakdown are included for the duration.
Leasing is a tax efficient product – monthly rentals can be offset against taxable profit. If you are VAT registered, you can claim up to 50% of the finance rentals and 100% of the maintenance rentals.
You won't own the vehicle - this is not suitable for those businesses who wish to own a vehicle because contract hire and leasing is not an ownership product.
You will be charged for damage - this applies to any damage or issues that are not acceptable under the BVRLA’s Fair Wear and Tear Guide.
Excess mileage charges – if you go beyond the contract mileage maximum, your business will be charged.
Early termination charges – as leasing is a fixed term contract, if you want to change, upgrade or just return the vehicle then you have to undertake a set process.
There are three difference types of business car leasing that you should consider.
Finance Lease is an operating lease with accounting treated like contract hire. It involves a predetermined final rental/balloon paid to the finance company at the end. This allows customers to build equity in the vehicle and retain it when selling to a third party.
Contract Purchase is a purchase-based agreement where the business makes payments towards vehicle ownership. It includes a guaranteed residual value/final payment, providing options to purchase the vehicle, return it, or refinance the final payment.
Hire Purchase is a common car finance option available for both new and used cars. It involves paying a deposit and fixed monthly payments over a contract period to own the vehicle (with an option to purchase fee).
Because electric cars are zero-emission, 100% of the rentals are allowable against tax.
For a car emitting 51g/km of CO2 (or higher), only 85% of the rentals are allowable - this is known as lease rental restriction or rental disallowance.
If you are VAT registered, you can claim up to 50% of the VAT on the finance element for a company car with private use, plus 100% of the VAT on any maintenance aspects of the rental. But note that for a car with CO2 emitting 51g/km of CO2 (or higher), the unreclaimed VAT is restricted to 85% too.View our special offers
At the end of your lease the car is usually returned to the finance provider. For any companies concerned about the collection process, or standards, the industry ombudsman - the BVRLA - has put standards in place to regulate this. For more information visit the BVRLA returning your leased vehicle guide.
“We’ve created the EVCTM, along with our expert partners, to provide you or the business with the key details required as part of choosing your perfect EV. Everything you need to know from the UK’s leading EV leasing broker in one place.”
- Rob King (MD)
Tailored insurance solutions for EV Fleets and Salary Sacrifice. Churchill Expert arranges and administers NIG policies underwritten by UK Insurance Limited
At e-car lease, our cheapest, most affordable electric lease is currently the SEAT MII Electric Hatchback. It’s good to be aware that the cheapest deals change like the seasons, so we always make sure you are provided with the hottest offers and latest deals each week.
See the top 6 electric lease deals now under £200 here.
Electric car leasing allows you to choose a deal most suited to you – one that fits your budget and has all the specs you are after. It gives you the opportunity to drive a brand new car every 2 – 4 years without having to worry about depreciation, and road tax and manufacturer warranty are all included in the monthly lease price.
With an EV lease, you will be able to reap the benefits of low running costs, superb range, and high-quality technology all for a low monthly price.
If you are looking to go green and like the sound of an electric car, you can be assured that leasing one is a good option. Not only will you be adding to a cleaner environment, but you will also benefit from:
• Low running costs
• A quiet, smooth drive
• Fantastic range and performance
• cheap monthly lease deals
• The option to drive a brand new EV every 2 – 4 years
e-car lease work alongside these select finance companies:
e-car lease have a partnership and affiliation with:
© Copyright 2023 e-car lease. All rights reserved. e-car lease is a trading name of CarLease (UK) Ltd, e-car lease is a credit broker and not a lender. We are authorised and regulated by the Financial Conduct Authority. Registered No: 706617. BVRLA Membership No. 1471. Registered in England & Wales with Company Number: 09312506 | Data Protection No: ZA088399 | VAT No: 200422089 | Registered Office: Kings Business Centre, Warrington Road, Leigh, Greater Manchester, WN7 3XG
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