Electric and Hybrid Car Finance

How does electric car finance work?

You’ll be pleased to know that getting electric cars on finance or buying a hybrid car with finance works in the same way as any other form of car finance. We can offer both hire purchase and personal contract purchase deals on electric cars which can be an affordable way to help buy your next car. Once you’ve been approved, our team can help you source the electric or hybrid car you want to buy from any trusted dealership across the UK! Getting an electric or hybrid car on finance is as easy as 1, 2, 3…

3. The beauty of using a car finance broker like us is that you can get the electric or hybrid car you want from any reputable dealership in the UK! Use your finance deal just like a cash buyer and shop for suitable cars within your budget.

Why should you consider getting an eco-friendly car?

Simply put, eco-friendly means good for the environment. Both electric & hybrid cars are eco-friendly because they have a less harmful impact on the environment. The petrol and diesel ban was brought forward to 2030 because they use combustion engines which release harmful pollutants into the air when you drive them. These pollutants speed up the rate of climate change and damages air quality. Electric cars use an electric motor and hybrid cars combine an electric motor with a smaller petrol or diesel engine to help reduce the number of emissions into the air.

• Reduced fuel costs. Fuel costs can be expensive and even the most fuel-efficient cars can be costing you more than they need to. EVs and hybrids on the other hand can run purely on electric range and it costs far less to recharge an electric or hybrid car than it does to refuel your car with petrol or diesel.

• Better for the environment. A hybrid or electric car can help to reduce your carbon footprint and promotes better human and environmental health. Whilst electric cars are the most eco-friendly, as they don’t use a petrol or diesel engine, hybrid cars can also benefit from all-electric driving when you opt for a mild hybrid or plug-in hybrid car.

• Higher resale value. In recent years, there’s been a higher demand for electric and hybrid cars which means when it comes to selling or part exchanging your electric car, you could benefit from a higher resale price and get more money towards your next car finance deal.

• More availability. Electric and hybrid cars aren’t a new concept and they have been around for a  number of years now. In fact, Renault’s best-selling electric model, the Renault Zoe, has actually been around since 2012! This means there are plenty of used electric and hybrid cars to finance today.

Find out more about the benefits of getting an electric car. 

What is the difference between hybrid and electric cars and which should you choose? 

Can you get electric car finance with bad credit? 

At Refused Car Finance, we believe having a low credit score shouldn’t stop you from getting a car on finance. For us, we don’t think it’s fair that applicants should be judged on their previous credit history. So whether you have bad credit due to no credit history, missed payments or have entered into an IVA, we believe we can help you get an electric or hybrid car on finance. Our specialist lending panel has been designed with you in mind and even if you’ve already been refused car finance and looking for credit, we work as hard as possible to get you the most suitable car finance package.

Find out more about how our bad credit finance and loans work.

Which electric and hybrid cars can you buy on finance? 

If you’re looking to get a hybrid or electric car on finance, you’ll be pleased to know there are plenty of used car finance deals to benefit from. More manufacturers than ever before are choosing to add eco-friendly cars to their lineup and we can help you finance one. If you’re after a small, sporty SUV, why not check out our Kia Niro car finance deals? Or, if you want to get one of the most desirable electric cars on the market, our no-deposit Tesla car finance package could be perfect for you! Whichever make and model you want, we can help you get the best car finance deal for your circumstances and work with the most reputable dealers in the UK to ensure that you get the vehicle that’s right for your budget. If you’re not sure which car is right for you, see our top 10 best electric cars to buy.