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► The best EVs to lease in 2023 ► From small EVs to larger electric cars ► The best deals under £400
Thanks to modern technology and economies of scale, an EV is an increasingly sensible choice for many motorists – but they’re still a little on the pricey side. But if you’re mostly sold on EVs, but not on handing over a significant amount of cash – an electric car lease might be the best option if you’re considering plugging in this year.
Featuring sensible contract lengths and manageable monthly costs, EV leases give you the chance to experience what it’s like to live with an electric car – without a five- or six-figure gamble on price. To make things even easier, we’ve compiled a list of top EV leasing deals in the price bracket of £200 to £400 per month from our partner, Leasing.com.
But first, a few pointers on modern car leasing.
What is car leasing?
What is informally referred to as leasing is formally referred to as a Personal Contract Hire. Car leasing is just like any other lease agreement you may enter – often an upfront initial rental followed by monthly payments throughout the duration of the lease, which is usually between two and four years.
Unlike a Personal Contract Purchase (PCP) where you can opt to own the car at the end of the contract, with a lease you simply hand the car back to the company you leased it from. It’s basically long-term rental.
Best electric car leasing deals £200-£400
Skoda Citigo-e IVbest deal we’ve found for a Skoda Citigo-e is £129.31 on a 48-month contract with an initial rental of £387.93 and a annual mileage limit of 5000.
View all leasing offers
Fiat 500ebest deal we’ve found for a Fiat 500e is £214.16 on a 48-month contract with and Initial rental of £1927.44 and an annual mileage limit of 5000.
View all leasing offers
Read our Fiat 500e review
BMW i3 Sbest lease deal we’ve found for a BMW i3 S is £296.50 on a 48-month contract with an Initial rental of £2668.50 and a 5000 mile-per-year mileage limit.
View all leasing offers
Read our BMW i3 S review
Peugeot e-208best lease deal we’ve found for a Peugeot e-208 is £298.29 on a 47-month contract with an Initial rental of £397.29 and gives a 5,000 mile-per-year allowance. View all leasing offers
The MG5 is a simple, large, and affordable family EV. One of the few. It does what it says on the tin. Like the Peugeot e-208, the MG5 benefits from a range north of 200 miles.
The best lease deal we’ve found on a MG5 is £235.31 on a 48-month contract with an Initial rental of £705.93. And in line with family travel, has a 5000 mile-per-year mileage allowance.
View all leasing offers
DS 3 Crossback E-Tensebest lease deal we’ve found for a DS 3 Crossback E-Tense is £366.38 on a 36-month contract with an Initial rental of £3396.42 and an annual mileage limit of 15,000.
Volkswagen ID.3best lease deal we’ve found for a Volkswagen ID.3 is £293.76 on a 48-month contract with an Initial rental of £2643.84 and a annual mileage limit of 5000.
View all lease offers
Read our Volkswagen ID.3 review
Citroen e-C4best lease deal we’ve found for a Citroen e-C4 is £292.74 on a 48-month contract with an Initial rental of £1756.44 and a annual mileage limit of 50000.
View all lease deals
Read our Citroen e-C4 review
Are there any additional costs besides the lease payments?
Yes. You will still need to pay for insurance. In regards to maintenance costs, you will need to pay for these too one way or another – either in usual fashion by taking out your own policy, or by an additional amount added to the monthly payments.
Despite American author PJ O’Rourke’s claims that the world’s fastest cars are hire cars, don’t think you aren’t liable for excessive damage a lease car incurs while in your possession. At the end of a lease, an assessor will look over the electric car and judge its wear and tear accordance with the guidelines set by the British Vehicle Rental and Leasing Association.
Mileage is important too. Leases can be had with different annual mileage limits (for example, 5000, 10,000, or 25,000 miles-per-year quotas). The higher the mileage limit you choose, the higher the monthly charges tend to be because more mileage on a car hastens the depreciation, and depreciation is effectively what a lease covers.
If you exceed the annual mileage allowance, the lease company will charge you for it when you hand the car back. Unlike wear-and-tear, excess mileage charges are calculated at the discretion of the leasing company and are applied in pence per mile.
Our advice? Leasing an electric car can be a great way to run an EV – but do your research and shop around before you commit.
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