Best Electric Car leasing deals - December 2023

If you're looking for electric car lease deals then you've come to the right place. We've rounded up the best the market has to offer when it comes to electric car leasing, plus our picks of the best PCPs, too.

Electric cars continue to grow in popularity. But with question marks over long term battery life, leasing rather then buying an electric car looks a shrewd option. 

There are of course plenty of electric car lease deals out there, but which are good value? Well we've rounded up the best electric car lease deals in the UK.

Running an electric car makes sense for a lot of drivers. Provided you plan carefully and charge when rates are cheapest, electric car running costs are extremely low. Maintenance costs are generally affordable too, thanks to an electric car having fewer moving parts. 

However, as with any relatively new technology, it’s wise to retain a certain amount of scepticism when considering driving an electric car. Be it batteries, motors or chargers, the technology involved is evolving very quickly, meaning current tech could be rendered out of date in double-quick time.

In order to shield yourself from some of the depreciation this might cause, an electric car leasing deal, or Personal Contract Hire to give it its full title, could be the perfect solution.

Granted, you won’t own the car at the end of the deal. However, you benefit from affordable, predictable monthly payments and the ability to just give the car back at the end of the agreement, with nothing else to consider - any depreciation is a problem for the finance company to worry about.

After more deals on new cars? Check out our round-up of all the best new car deals around. 

Electric Car Leasing and PCP Deals - A-Z by Car Maker

Leasing and PCP are both popular ways to get behind the wheel of an electric car. Here's our list of the best EV leasing and PCP deals being offered by carmakers right now. 

Audi

  • Fancy trying and Audi e-tron GT for size? Lease Audi's flagship EV coupe on a 36-month deal for less than £1k per month

BMW

  • All BMW i EVs are available to lease, starting with the iX1 at £505 per month. Free home chargers or £750 charging credit are included

Cupra

  • Both the Cupra Born V1 and V2 are available to lease, starting from £408 and £594 per month, respectively

Ford

  • Ford Mustang Mach-E Select is available at £730 per month on a three-year deal from Ford Personal Contract Hire from Ford Lease

Hyundai

  • Hyundai leases the new Kona Electric from £415 per month, and the Ioniq 5 and Ionic 6 from £508 per month

Kia

  • Kia is offering zero deposit deals on its EV6, Niro EV and Soul EV models, plus £500-£1500 deposit contributions on PCP

Mercedes-Benz

  • Mercedes EQC available with 0% APR and £9600 discount on Agility PCP
  • Mercedes EQE saloon, EQA and EQB all 0% APR and £1000 off on Agility PCP

Nissan

  • Nissan Ariya models are available with £1000 deposit contribution on PCP, and the Nissan Leaf with either 0% APR and £250 towards your deposit, or 2.99% APR and £1250 deposit contribution

Skoda

  • The Skoda Enyaq EV and Enyaq Coupe both currently benefit from 0% APR and a free home charger on Solutions PCP

Tesla

  • Lease a Tesla Model Y for £431.99 per month on a 48-month contract, limited to 5000 miles per year

Toyota

  • Toyota bZ4X electric SUV available with 0% APR and a £500 deposit contribution on PCP

Vauxhall

  • The freshly facelifted Vauxhall Corsa Electric is available on both PCP and PCH. PCP starts at £389 per month for 60 months and comes with a £5400 deposit contribution

Volkswagen

  • Both the VW ID.4 and ID.5 are available to lease through VW Financial Services, and include a year's free insurance

Electric car leasing deals

We've searched high and low for the best electric car lease deals in the UK so you don't have to. We update this page every week to make sure we bring you the best deals.

Volkswagen ID.4 Style Pure

£353.04 a month: 4 year lease

Volkswagen ID.4

If you're unsure about driving an electric car, the Volkswagen ID.4 is one of the best ways to try EV motoring. The VW ID.4 is simply a no-nonsense, conservatively styled family SUV that's spacious and easy to drive, and will slip into family life pretty much as easily as a conventional, petrol-powered car.

>> Find this deal here

Initial Rental Monthly Payments

Mileage Per Year

Excess Mileage Charge (pence per mile)

Deal Available Until

£3177.36 47 x £353.04 (£16,592.88) 5000 Not specified Ongoing

 

Tesla Model Y Rear Wheel Drive

£550 a month: 4 year lease

Tesla Model Y

Despite still being a relative automotive newcomer, the Tesla Model Y has already become one of the best selling cars in the world. Bringing a combination of practicality, performance and ease of use, thanks to the Supercharger charging network, the Tesla Model Y is worth a try if a family electric SUV is on your shopping list.

>> Find this deal here

Initial Rental Monthly Payments

Mileage Per Year

Excess Mileage Charge (pence per mile)

Deal Available Until

£6000 48 x £550 (£26,400) 10,000 19.8p 31st December

 

Polestar 2 Standard Range Single Motor

£540 a month: 4 year lease

Polestar 2

The Polestar 2 is the electric car of choice for keen drivers who haven't been swayed by a Tesla Model 3's performance. Nicely built, and with a great Google-based infotainment system, the Polestar 2 is a great electric car, although waiting times currently stretch to four months.

>> Find this deal here

Initial Rental Monthly Payments

Mileage Per Year

Excess Mileage Charge (pence per mile)

Deal Available Until

£6484.00 48 x £540.34 (£25,936.32) 10,000 Not stated 31st December 2023

 

Ford Mustang Mach-E Select

£730 a month: 3 year lease

Ford Mustang Mach-E

The Ford Mustang Mach-E might show hints of the famous muscle car with which it shares its name. However, the Ford Mustang Mach-E is actually a practical electric family SUV that's nice to drive and features a huge central touchscreen filled with useful tech. Electric range is good, although the boot is on the small side.

>> Find this deal here

Initial Rental Monthly Payments

Mileage Per Year

Excess Mileage Charge (pence per mile)

Deal Available Until

£6570 35 x £730 (£25,550) 5000 Not stated 31st December

 

Genesis GV60

£610 a month: 4 year lease

Genesis GV60

Lease a Genesis GV60 and you'll have to get used to being asked 'what are you driving?' on a regular basis. However, the Genesis GV60 is a car for those in the know that it's one of the best electric cars on the market. Packed with tech including face ID to unlock the car, and good to drive, the Genesis GV60 won't remain a secret for long.

>> Find this deal here

Initial Rental Monthly Payments

Mileage Per Year

Excess Mileage Charge (pence per mile)

Deal Available Until

£7315.20 47 x £609.60 (£28,651.20) 8000 9p Ongoing

 

Renault Megane E-Tech Equilibre

£635 a month: 2 year subscription (including insurance)

Renault Megane E-Tech

The Renault Megane E-Tech is one of the best looking electric cars on sale, and features a really intuitive Google-based infotainment system, long range and a spacious, lounge-like interior. You can't lease a Renault Megane E-Tech, but it's available on a subscription of up to two years, and includes insurance.

>> Find this deal here

Initial Rental Monthly Payments

Mileage Per Year

Excess Mileage Charge (pence per mile)

Deal Available Until

£0 24 x £635 (£15,240) 9000 25p Ongoing

 

MINI Electric Level 2

£475.50 a month: 4 year lease

MINI Electric

The MINI Electric brings all of the benefits of the MINI hatchback, including being fun to drive, having a nicely made interior, and a premium badge, and blends them with electric power. The MINI Electric isn't blessed with the best electric range, so make sure it fits your needs before signing up. Free insurance for a year, too.

>> Find this deal here

Initial Rental Monthly Payments

Mileage Per Year

Excess Mileage Charge (pence per mile)

Deal Available Until

£3000 47 x £475.50 (£22,353.20) 8000 9.19p 28th December

 

BMW i4 eDrive35 M Sport

£547 a month: 4 year lease

BMW i4

The BMW i4 helps ensure that enthusiastic drivers won't need to compromise by driving an electric car. The BMW i4 is great to drive, has a tech-packed interior, and a long range, so you'll be able to enjoy the driving thrills for longer. The downside is that that a BMW i4 lease doesn't come cheap, so there's a big initial rental on this one.

>> Find this deal here

Initial Rental Monthly Payments

Mileage Per Year

Excess Mileage Charge (pence per mile)

Deal Available Until

£9482.96 47 x £546.96 (£25,707.12) 10,000 15p 28th December

 

Citroen e-C4 100kW

£339 a month: 4 year lease

Citroen e-C4

The Citroen e-C4 isn't quite a family SUV, but isn't a hatchback either. But what the Citroen e-C4 is is a comfortable, well equipped electric family car with a decent electric range and plenty of practical touches. Plus, with a design that's hard to quite pin down, the Citroen e-C4 certainly stands out in a crowd.

>> Find this deal here

Initial Rental Monthly Payments

Mileage Per Year

Excess Mileage Charge (pence per mile)

Deal Available Until

£5798 47 x £339 (£15,933) 6000 9p Ongoing

 

GWM Ora Funky Cat

£239 a month: 4 year lease

GWM Ora Funky Cat

The GWM Ora Funky Cat features both a head-turning name and head-turning looks. The GWM Ora Funky Cat is a genuinely likeable electric car thanks to its fresh design inside and out. For an electric city car it's also pretty spacious inside, although that comes at the expense of boot space, which is a little tight.

>> Find this deal here

Initial Rental Monthly Payments

Mileage Per Year

Excess Mileage Charge (pence per mile)

Deal Available Until

£1800 23 x £239 (£5497) 8000 11.3p 31st December

 

What are the benefits of leasing an electric car?

Aside from the environmental benefits, lower running costs and lower tax associated with EVs, taking out a lease deal on an electric car helps cushion you from the sting of depreciation that’s likely to hit early electric cars hard. That’s because, as with any new technology, the pace of new developments in EVs means older electric cars are likely to become outdated as new battery technology becomes available. Lease an EV for a couple of years and simply hand it back, then upgrade to the next generation model. Whether that’s sustainable, however, is another matter.

How do leasing prices for EVs and non-electric cars compare?

As they tend to be loaded with the latest technology and packed with very expensive batteries, electric vehicles tend to be priced considerably higher than their petrol and diesel powered counterparts. However, as the car industry sees electric cars as the future, in the shorter term there are some very affordable leasing deals to tempt you into going electric, although watch for big deposits, while better supply and tech will mean prices reach parity with petrol powered models longer term.

Can I still get a home charging point even with a lease?

Yes, many leasing companies even offer a range of charging points as part of their deals, and these can qualify for a government grant. As long as you own a flat with off-street parking, you can get up to 75% of the unit and installation costs covered, up to a maximum £350 including VAT. Sadly, single occupancy houses and bungalows aren’t covered by the scheme.