Electric Car Finance

No Deposit Options - Get A Decision In Minutes

Finance a new or used electric car anywhere in the UK!

Quick Car Finance’s aim is to make looking for electric car finance as easy as possible. If you’re looking at buying a new or used electric car in the UK, we can help direct you to appropriate dealerships in your area/radius.

Our electric car finance application process is quick and easy and if all goes to plan you could be driving away the same day!

Electric car finance calculator

Rates from 7.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative APR 19.8%.

Representative example: borrowing £7,500 over 5 years with a representative APR of 20.25%, an annual interest rate of 20.25% (Fixed) and a deposit of £0.00, the amount payable would be £192.84 per month, with a total cost of credit of £4070.40 and a total amount payable of £11,570.40.

We will always provide the best rate from our panel of lenders and based on your individual circumstances. We do not charge any fees for our service. But we earn a commission from the lenders we work with. This does not affect the interest rate you will be offered.

The different types of electric cars

Hybrid electric vehicles (HEVs)

Electric vehicles are completely charged by a battery that can be charged at home or by public charging stations. Charging stations are becoming more common as electric vehicles are slowly becoming the norm and are frequently being rolled out in more locations.

Plug-in hybrid electric vehicles (PHEVs)

Plug-in hybrids have a battery-powered motor as well as having a petrol or diesel engine. If you wish to do so you can drive shorter journeys electrically powered only and switch to using petrol/diesel for longer journeys.

Similar to electric vehicles, the vehicle needs to be plugged in to recharge the electric battery.

Full hybrid electric vehicles (FHEVs)

Fully hybrid electric vehicles are powered by both a battery and a petrol or diesel engine and the car switches between these automatically so you’d only be able to cover short distances using electric only. Full hybrid vehicles don’t need to be plugged in to charge.

Benefits of electric cars

If you’re interested in purchasing an electric car you’ll firstly want to know all the great benefits that come with owning an electric car.

  • Electric cars are cheaper to run than petrol or diesel cars
  • They produce zero emissions and are environmentally friendly
  • They are super cheap to maintain
  • There is no tax to pay on electric vehicles
  • Electric car owners are eligible for a UK Government plug-in grant of up to £2,500
White electric car being charged from the side

Your electric car will be financed with a hire purchase agreement

Hire purchase is a loan that allows you to lease your new electric car whilst paying set monthly instalments, during an agreed period of time. Once all the instalments have been paid, the car is paid for and is yours. If you would like some examples of how much monthly payments would cost, you can use our helpful car finance calculator.

Electric car finance FAQs

The cost of charging an electric car depends on the vehicle, how frequently you’re charging the car and where you’re charging it so it’s hard to say an exact cost.

As a brief estimate, for an electric car with a 60kWh battery and 200-mile range charging the car at your home should cost around £9.20 for a full charge. Public charging points are usually free unless they are rapid charging stations, which on average cost around £6.50 for a 30-minute charge.

The cost of charging an electric car is said to be around one-fifth of the cost of the price of fuel.

Electric cars have both cheaper running costs and tax so rest assured that whatever the cost of charging your electric car will be, it will most likely be cheaper than owning a petrol or diesel car.

The time it takes to charge an electric car depends on the type of battery and the type of charging point you use. The larger the battery and slower the charger, the longer it will take.

As an example, a 60kWh battery takes roughly around 8 hours to charge from the battery being empty. There are rapid chargers and rapid charging points that charge the car a lot quicker than this.

If you have a poor credit score and are worried that it will affect your chances of getting a good finance deal for an electric car, don’t panic. We offer finance options for people with poor credit. We take your credit score and compare a number of lenders who will consider your credit tier so we can give back to you the best and cheapest option of the bunch, that you will be likely accepted for.

If you are worried about having to pay a big upfront deposit, we also have 0 deposit options that take the weight off your shoulders of having to pay a large sum deposit. Not paying a deposit allows you to start financing your new electric car without any initial payment.

If my application fails, will it affect my credit score?

Our application process for electric car loans involves a ‘soft search’. This is an initial search of your credit report and isn’t as deep and detailed as a regular credit check - this does not affect your credit rating.

Apply for your electric car finance today!

The online application for electric car finance takes a few minutes, and we won’t ask for any unnecessary information. Once you complete your application, our friendly customer service team will be in contact with you to discuss the next steps.

Interested in our electric car finance options?

APPLY NOW* *representative APR of 19.8%
A woman in a red coat looks at her phone and leans against her electric car while it charges.