Financing an electric car: your options

How to fund your electric car

If you've decided an electric car is the right choice for you, you may be considering what options you have to fund it. You can purchase an electric car outright, or opt to finance it. There are advantages and disadvantages to both, read on to find out more.

Buy your electric car outright

  • You're not tied into any contract
  • You can make modifications to your car
  • Retailers may offer you extras or discounts if paying outright
  • Some people like to drive a car that they own

Flexible finance with options to purchase

Personal Contract Plan (PCP) and Hire Purchase (HP) finance agreements allow you to:

  • Spread the cost of your electric car over a term that suits you
  • Help you to budget
  • There may be deposit contributions available or other offers available 
  • With PCP you can keep your options open at the end of the agreement. You can choose to buy outright, upgrade or hand back your vehicle, subject to T&Cs

Lease with minimal hassle

With Lease&Care or Contract Hire you may benefit from:

  • Abililty to change your car every two to three years
  • No worries of ownership, helping you to decide if an electric car really suits your lifestyle
  • Less upfront costs as you're paying for what you need, not the whole value of the vehicle
  • Help with your budgeting, with Lease&Care you can choose the level of servicing and maintenance that you need
  • You don't need to worry about the depreceation or value of the car at the end of your contract (subject to fair wear and tear) T&Cs apply. Volkswagen Financial Services 


Innovative options from Volkswagen Financial Services UK to help you drive an electric car

Lease&Care - Finance designed for your electric car

Innovation doesn't stop at the vehicles, to support you on your electric journey we have designed a finance package specifically for electric cars. 

Currently available on Volkswagen and CUPRA fully electric vehicles, Lease&Care is designed to give you peace of mind when choosing an electric car.

Rolling your vehicle and maintenance costs in to one monthly payment, with no worries of depreciation as this leasing product allows you to drive the vehicle without owning it, letting you focus on enjoying your new electric car.


Through the VWFS Rent-a-Car network we are giving customers the opportunity to test a Volkswagen ID.3 for up to 7 days with the opportunity to have their rental costs refunded if they go on to order a new or used Volkswagen ID model.

Switching to electric? Take a look at these brands

Interested in a test drive? 

Our local retailers are there to answer any questions, give you expert advice on all our products and arrange a test drive.