Electric Car Leasing Contracts Explained

By Libby Foster
Electric Car Leasing Contracts Explained
If you're considering leasing contracts for an electric vehicle (EV), you're likely to have some concerns about whether it's right for you. There are numerous advantages – and disadvantages – to leasing a "green" vehicle, ranging from charging choices and range issues to operating expenses and model selection. At MWVC, we have put together a detailed guide that covers the benefits and drawbacks of leasing an electric car to help you make an informed decision.

An electric vehicle (EV) is a vehicle that runs entirely on electricity. Electric vehicles, unlike regular petrol or diesel vehicles, operate by plugging into a charge station and using electricity from the grid. They store electricity in rechargeable batteries, which are subsequently used to power an electric motor that rotates the wheels.

The Benefits of Leasing Contracts for an Electric Car 

EVs have no tailpipe emissions since they do not have an exhaust system. It means that, unlike regular petrol or diesel cars, they do not emit poisonous gases or smoke into the atmosphere. Making the conversion to electric is accompanied by hefty tax benefits.

You can also receive a government grant if you are eligible, to cover the cost of a home charging point. Meaning no more trips to the local charging points. Imagine never having to visit a fuelling station again! It's never been easier to charge your electric car at home thanks to dedicated home charging units. Simply plugin and begin charging overnight, and your fully charged electric vehicle will be waiting for you in the morning. 

There are also far fewer moving parts in an electric vehicle than in a typical petrol or diesel vehicle, and there are no costly exhaust systems, starting motors, fuel injection systems, or radiators to maintain. As a result, the cost of service and maintenance can be greatly reduced by switching to an electric vehicle. Currently on our EV special offers list is the MG Motor UK MG5 Electric SUV 115KW EXCITE EV 61KWH 5DR Auto. With a starting price for personal contract hire of £250.00per month (inc VAT)*.

The Disadvantages of EVs

While the number of public charging facilities for electric vehicles is increasing, fuel stations continue to dominate them. Many outlying and isolated places lack EV charging stations, which means that if you don't plan your travel carefully, you could end up seeking a charge point interminably, or worse, run out of energy entirely.

Electric cars have limited range and thus cannot travel as far on a full charge as petrol or diesel vehicles can on a full tank. As a result, many drivers still experience range anxiety, fearing they won't be able to reach their destination, especially on long journeys, without having to charge their car.

About MWVC

Here at MWVC, we have plenty of electric leasing contracts on offer to suit everyone's needs when it comes to choosing the right electric vehicle for them. Whether you are looking for a personal deal or a commercial vehicle to lease, our expert sales team can advise you on the best deal for you. Still, wondering if vehicle leasing is the right option for you? Give us a call on 0116 490 2613, and a member of our team will be happy to assist. 

*All pricing is correct at the time of publishing.