Electric car lease deals

Leasing terms for electric cars are flexible – usually from two to five years. Choose a term that suits your lifestyle and expected mileage. Remember, leasing lets you refresh your car more often and avoid concerns about depreciation or ageing batteries. 

For business contracts, VAT rules apply as with other lease cars. Usually, if the car is used solely for business, you may claim back all the VAT; otherwise, partial reclaim is likely. Always check eligibility with a financial expert before claiming. 

There's no need to sort road tax yourself, it’s included in every AA Lease agreement for the full length of your contract. You can focus on enjoying your new electric vehicle from day one, knowing the paperwork is covered. 

Leasing an electric vehicle (EV) isn't just a trend – it's a smart financial and practical strategy for many drivers. Here's why:

• Financial Advantages Electric car leasing offers significant economic benefits. You avoid the substantial upfront costs of purchasing, enjoy lower monthly payments, and sidestep the depreciation headache that comes with owning a rapidly evolving technology. With EV technology advancing quickly, leasing lets you stay current without being locked into a single vehicle.
• Technological Flexibility The electric vehicle market is changing at lightning speed. New models with improved range, performance, and features are constantly emerging. Leasing provides the ultimate flexibility – typically every 2-4 years, you can upgrade to the latest EV technology without the complexity of selling your existing vehicle.
• Running Cost Savings Electric vehicles dramatically reduce running costs. Electricity is significantly cheaper than petrol or diesel, with some estimates suggesting up to 70% lower fuel expenses. Add in lower maintenance costs due to fewer moving parts, and you're looking at substantial long-term savings.
• Environmental Impact Choosing an electric vehicle lease is a tangible way to reduce your carbon footprint. You're directly supporting cleaner transportation technology while enjoying a modern, efficient vehicle. Many lease agreements even include green energy charging solutions.
• Practical Considerations Leasing removes many ownership headaches. Maintenance can be included, and you're protected from unexpected repair costs. For businesses, the tax benefits are particularly attractive, with potential VAT and benefit-in-kind tax advantages.

For most drivers and businesses, leasing an electric car represents a smart, forward-thinking approach. It offers financial and technological flexibility, and a pathway to sustainable transportation.

Wondering whether you should buy or lease an electric car? The choice depends on several things.

First, leasing can make sense if you want a new electric car but don’t have a lump sum to pay for one upfront. Payments will also be simpler and more predictable as you won’t need to worry about paying road tax and other costs.

Similarly, if you’re the type of person who likes driving new cars, you can switch to a new model at the end of the electric car lease. You won’t have to worry about advertising and selling your car and being hit by depreciation.

Electric vehicles are becoming an increasingly popular option for drivers. The BVRLA’s January 2022 Leasing Outlook Report found that 21% of new cars were EVs in Q3 2021, with numbers forecast to grow by 53% by Q3 2022.

When all is said and done, it’s important you compare the price of EV lease deals to buying. Make a decision based on your finances, circumstances and future plans. That way, you can drive an EV the right way.

Hear from real drivers about their EV leasing experiences in our guide.

The cost of leasing an electric car depends on a range of factors including:

• Make and model of vehicle
• Contract period
• Amount of annual mileage
• Upfront payment size.

For a firm understanding of how much it will cost to lease your chosen electric car, view our listings.

Electric vehicle leasing works very much in a similar way to petrol and diesel vehicle leasing, by paying a monthly fee to rent a vehicle for a set period and mileage.

You are responsible for the day to day costs of running the vehicle, such as insurance and maintenance. We also offer a fixed price maintenance plan for full peace of mind.

At the end of your lease, we’ll collect your car, leaving you free to lease an even newer vehicle.

Learn all you need to know about EVs