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
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.