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Best Electric Car finance deals - March 2025

If you're looking for electric car finance deals then you've come to the right place. We've rounded up the best PCP deals on EVs the market has to offer.

Electric cars continue to grow in popularity. But with question marks over long term battery life, opting for a finance deal rather then buying an electric car could be a sensible option, at least in the short term. 

Despite concerns over range and charger availability, running an electric car really does make sense for a lot of drivers. Yes, you may need to think about how an EV will fit into your life, but provided you plan carefully and charge when rates are cheapest, electric car running costs are extremely low. Maintenance costs are generally affordable too, thanks to an electric car having fewer moving parts. 

However, as with any relatively new technology, it’s wise to retain a certain amount of scepticism when considering driving an electric car. Be it batteries, motors or chargers, the technology involved is evolving very quickly, meaning current tech could be rendered out of date in double-quick time.

In order to shield yourself from some of the depreciation this might cause, an electric car finance deal could be the perfect solution.

Find a great PCP deal and you'll benefit from affordable, predictable monthly payments and the ability to just give the car back at the end of the agreement, with nothing else to consider, if driving electric isn't for you. However, if you do find that an EV fits right into your life, you have the option to either pay the optional final amount and own the car, or upgrade to a new model.

After more deals on new cars? Check out our round-up of all the best new car deals around. 

Electric Car Leasing and PCP Deals - A-Z by Car Maker

Leasing and PCP are both popular ways to get behind the wheel of an electric car. Here's our list of the best EV leasing and PCP deals being offered by carmakers right now. 

Abarth Spring Event

  • Extra discount of £1000 off the OTR price for Abarth 500e and Abarth 600e models
  • Event runs until 31 March

Cupra Drive Event

  • Get an extra £500-£1000 off the Manufacturer's Direct Price on Cupra Born and Cupra Tavascan models
  • Event runs until 31 March

Fiat Spring Event

  • Extra discount of £1000 off the OTR price for Fiat 500e and Fiat 600e models
  • Event runs until 31 March

Abarth

  • The Abarth 600e has a £1275 deposit contribution on PCP
  • The 600e and Abarth 500e are 0% APR on conditional sale with a 40% deposit.

  • Find out more on these deals

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

Audi

  • Deposit contributions include the Audi Q6 e-tron (£6500), Audi A6 Avant e-tron (£3750), Audi Q4 e-tron (£10,525) 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

  • BMW has a range of discounts across its electric i brand. The BMW iX1 (£1953-£2631), the BMW iX2 (£1740-£2330), BMW i4 (£3325-£6126), BMW iX (£11,455-£15,448) and BMW i7 (£11,053-£11,634) all have varying discounts depending on model

  • Find out more on these deals

BYD

  • PCP deals include the BYD Dolphin starting at £269 a month with 0% APR, a £269 customer deposit and £1534 retailer discount
  • The BYD Atto 3 starts at £389 a month with 0% APR, £389 down, a £4000 deposit contribution and a £1804 retailer discount
  • The BYD Seal U DMi starts at £349, the BYD Seal starts at £479 a month, and new BYD Sealion 7 from £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, the Citroen e-Berlingo is £399 with a £399 deposit and £5531 deposit contribution, and the Citroen e-C4 starts at £456 a month with £456 down

  • Find out more on these deals

Cupra

  • Cupra has 0% APR PCP and £4500 towards your deposit available on the Cupra Born, and 1% APR on £3000 towards your Cupra Tavascan

  • Find out more on these deals

Dacia

  • The Dacia Spring is 0% APR over 48 months with £500 deposit contribution, free charging cable and 5000 free charging miles if you get an Octopus Go EV home charging electricity tariff

  • Find out more on this deal

Fiat

  • The Fiat 500e and Fiat 600e have a £1000 deposit contribution
  • Both models are available on conditional sale with 0% APR, providing you put down a minimum 40% deposit

  • Find out more on these deals

Ford

  • The Ford Explorer has a £3000 deposit contribution and 0% APR over three years, or £2000 and 0% APR over four years
  • The Ford Capri (£3000 and 0% APR), Ford Mustang Mach-E (£7500 discount and 0% APR) and Ford Puma Gen-E (0% APR) also have offers

  • Find out more on these deals

GWM

  • Deposit contributions include the GWM Ora 03 Pure (£595), GWM Ora 03 Pro (£400) and GWM Ora 03 GT (£1050). Monthly payments start at £299, £329 and £349 respectively

  • Find out more on these deals

Honda

  • The electric Honda e:Ny1 has £5000 towards your deposit and 0% APR. All models have five years' servicing and a five-year warranty included

  • Find out more on this deal

Hyundai

  • Deposit contributions include the Hyundai Inster (£1000), Hyundai Ioniq 5 and Hyundai Ioniq 6 (£2000) and Hyundai Kona Electric (£3000)
  • The Hyundai Ioniq 5 and Hyundai Ioniq 6 are 0% APR, too

  • Find out more on these deals

Kia

  • Kia is offering zero deposit PCP on all models, plus deposit contributions including £1500 towards the Kia Niro EV and £2000 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, has a £6000 deposit contribution and now includes a free Pod Point Home Charger

  • Find out more on this deal

Mercedes-Benz

  • Mercedes PCP discounts include the Mercedes EQA and Mercedes EQB (£6500), the Mercedes EQE Saloon (£7000), the Mercedes EQS Saloon (£7500) and the Mercedes-AMG EQS 53 Saloon (£9500). 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 MG4 XPOWER starts at £399 a month with 2.9% APR

  • Find out more on these deals

MINI

Nissan

  • The Nissan Ariya is available with a £1000-£2000 deposit contribution and 1.49%-1.99% APR depending on model on PCP

  • Find out more on this deal

Omoda

  • The electric Omoda E5 is £369 a month with £369 deposit and 0% APR, plus a £3031 dealer deposit contribution

  • Find out more on this deal

Peugeot

  • Peugeot Switch Grant contributions are available on the Peugeot e-208 (£2600), Peugeot e-2008 (£3850), Peugeot e-308 (£1850), Peugeot e-3008 (0% APR) and Peugeot e-5008 (£1000 and 0% APR)

  • Find out more on these deals

Polestar

  • The Polestar 2 is 0% APR and £2000 off, the Polestar 3 is 0% APR and £3000 off and the Polestar 4 is 0% APR and £1500 off. Costco members can also get an additional £2000 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 Scenic E-Tech has 0% APR and a £1000 deposit contribution over two years or £3000 and 2.9% APR over four years
  • The Renault Megane E-Tech has 0% APR and £3000 deposit contribution over four years, plus 10,000 free miles of charging via Octopus Go

  • Find out more on these deals

Skoda

  • The new Skoda Elroq is 0% APR over 36 months or a £3000 deposit contribution and 6.9% APR over 48 months
  • The recently updated Skoda Enyaq and Skoda Enyaq Coupe models are 0% APR over 36 months or a £3000 deposit contribution and 6.9% APR over 48 months

  • Find out more on these deals

Smart

  • Smart is currently offering the Smart #1 Pro+ electric SUV with 0% APR and a £2000 discount on PCP, making monthly payments £405 over 48 months with a £405 deposit

  • Find out more on this deal

Subaru

Tesla

  • The facelifted Tesla Model Y is now available to order starting at £599 a month with 9% APR over 48 months
  • First deliveries are in June and outgoing models are available from stock but not with PCP
  • The Tesla Model 3 starts from £458 per month with £6750 deposit at 2.9% APR

  • Find out more on these deals

Toyota

Vauxhall

  • Deposit contributions include the Vauxhall Corsa Electric (£1950-£2850), Vauxhall Frontera Electric (£550-£1950), Vauxhall Mokka Electric (£1050-£3950) and Vauxhall Grandland Electric (£850-£1650)

  • Find out more on these deals

Volkswagen

  • The electric VW ID.3 (£3950), VW ID.4 (£5100), VW ID.5 (£5750) VW ID.7 (£1700) are available with 0% APR over 36 months. Deposit contributions are £6650, £6025, £8900 and £6900 respectively on a 48-month term at 5.9% APR

  • Find out more on these deals

Volvo

Electric car finance deals

We've searched high and low for the best electric car finance deals in the UK so you don't have to. We update this page every week to make sure we bring you the best deals.

Renault 5 E-Tech Evolution 40kWh Urban Range

£182 a month: 2 year PCP at 0% APR

The Renault 5 has just been crowned Car of the Year, thanks to its combination of retro-futuristic looks, electric powertrain and the dynamic but comfortable driving experience it offers. Renault offers two deals on the 5 - a two-year 0% APR offer, or a four-year deal on this car with a £555 deposit contribution at 5.5% APR that cuts the customer deposit to £3545.

>> Find this deal here

Deposit Monthly Payments Optional Final Payment Total Payable Mileage Per Year Deal Available Until
£6899 24 x £182 (£4368) £11,719 £22,995 6000 31st March 2025

 

Volkswagen ID.3 Pro Match 59kWh 204PS

£320 a month: 4 year PCP at 5.9% APR with £6550 deposit contribution

The freshened up Volkswagen ID.3 is now available in Match spec, and there are two PCP deals available, both with the same deposit. The four-year option includes a large deposit contribution and lower monthlies, but you pay more in the long run. If you plan to buy, consider the three-year 0% APR instead.

>> Find this deal here

Deposit Monthly Payments Optional Final Payment Total Payable Mileage Per Year Deal Available Until
£5497.50 47 x £320.48 (£15,062.56) £13,978.80 £41,098.86 10,000 31st March 2025

 

Citroen e-C3 Plus 113PS

£339 a month: 4 year PCP at 5.9% APR with £951 deposit contribution

The Citroen C3 has been reimagined for its latest generation, including the addition of the Citroen e-C3 to the line-up. The e-C3 is capable of just under 200 miles on a charge, plus it's well equipped, comfortable and spacious, and well worth a look with this deal, thanks to the low £339 customer deposit required.

>> Find this deal here

Deposit Monthly Payments Optional Final Payment Total Payable Mileage Per Year Deal Available Until
£339 47 x £339 (£15,933) £8129 £25,351.76 8000 31st March 2025

 

Ford Explorer Select 77kWh Extended Range

£378 a month: 4 year PCP at 0% APR with £2000 deposit contribution

The Ford Explorer name, once gracing the front of a large SUV famously destroyed by a T-Rex in the film Jurassic Park, has returned. Now it's a family SUV that steers free of dinosaurs, thanks to its VW-sourced electric powertrain. There's two finance options offered, either a four-year option with a £2000 deposit contribution or £3000 towards your deposit on a three-year deal. Both are 0% APR.

>> Find this deal here

Deposit Monthly Payments Optional Final Payment Total Payable Mileage Per Year Deal Available Until
£7798.75 48 x £377.73 (£18,126.25) £17,950 £45,875 9000 31st March 2025

 

Audi Q4 e-tron Sport 45

£499 a month: 4 year PCP at 6.9% APR with £10,525 deposit contribution

The Audi Q4 e-tron was runner up to the Tesla Model Y as the UK's most popular EV in 2024. And it's not hard to see why, thanks to the Q4's seriously impressive, well-equipped and spacious interior, decent electric range and choice of different powertrains. Right now you can get behind the wheel of a Q4 for £499 a month with a decent 10,000 miles per year limit and healthy deposit contribution.

>> Find this deal here

Deposit Monthly Payments Optional Final Payment Total Payable Mileage Per Year Deal Available Until
£6778 47 x £499 (£23,453) £18,375 £59,141 10,000 31st March 2025

 

What are the benefits of buying an electric car on 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 negatives of buying an electric car?

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.

How do PCP prices for EVs and non-electric cars compare?

As they tend to be loaded with the latest technology and packed with very expensive batteries, electric vehicles tend to be priced considerably higher than their petrol and diesel powered counterparts - for now at least. However, as the car industry sees electric cars as the future, in the shorter term there are some very affordable deals to tempt you into going electric.

It's also worth considering your overall running costs should be much lower if you finance an EV, as you won't be paying for fuel any more, tax rates are lower, ULEZ or other clean air zones are no longer a worry, and you'll be making a small contribution to lowering emissions, too.

Can I still get a home charging point even with a finance deal?

Yes, many carmakers even offer a range of charging points or discounted installation as part of their deals, and these can qualify for a government grant. As long as you own a flat with off-street parking, you can get up to 75% of the unit and installation costs covered, up to a maximum £350 including VAT. Sadly, single occupancy houses and bungalows aren’t covered by the scheme.