Electric Car Finance | EV Finance Deals UK
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WE CAN FINANCE YOUR ELECTRIC CAR. FAST

RECENT ELECTRIC CAR FINANCE DEALS

There is no doubt that electric vehicles are growing in popularity, and not just within the millennial population. However, despite recent statistics to back this up, electric vehicles only account for 1.7% of the motoring industry.

Not only do eco-conscious consumers want to play their part in creating a greener and more sustainable world, there are several practical reasons why owning an electric vehicle could be a great choice for many company directors and business owners, including tax advantages and capital allowances for business cars.

And driving experience isn’t compromised with an electric vehicle, with some of the finest motoring brands creating some incredible electric vehicles including BMW, Porsche, Bentley and Tesla.

Find out about a recent Tesla deal Fast Car Finance did for a happy customer.

Fast Car Finance also wrote a blog about electric vehicles which provides some more detail about their growing popularity. If you want an initial discussion about electric vehicle ownership, get in touch with the Fast Car Finance team on 01635 785 400 or Contact Us.

Tesla Model X - 05/11/2019
Tesla
Model X
80,570.00
2019
Automatic
Electric
Hire Purchase
05/11/2019
80,570.00
38,283.00
42,287.00
60
855.96
200.00
100.00
9,070.60
9,370.60
7.9
8.5
Company Director
null

This client’s accountant recommended he contacted Fast Car Finance for Tesla finance rates. We had worked with this accountant before and he knew that we could arrange an excellent Tesla financing rate for his client who was looking to purchase a Tesla Model X through his company to help reduce his corporation tax bill.

 

As a new car, not only did the client benefit from a great Tesla finance deal, he could take advantage of the generous 100% first year tax allowances that are currently offered on electric cars.

 

This client runs a domiciliary care business and he wanted Tesla finance for the car which was for his personal use. Together with the client and the accountant, Fast Car Finance put together a bespoke funding arrangement to suit the company cash-flow. As the business would own the asset, they were able to benefit from the 100% first year allowance. We organised a five-year Hire Purchase loan with fixed Tesla monthly payments over the term.

0.00
50
Tesla Model 3 Performance - 30/08/2019
Tesla
Model 3 Performace
60,240.00
2019
Automatic
Electric
Hire Purchase
30/08/2019
60,240.00
18,500.00
41,740.00
49
547.87
200.00
100.00
9,557.76
9,857.76
6.95
7.4
Company Director
null

The directors of this Midlands-based manufacturing business enjoy their exotic cars, so when they wanted to purchase a Tesla Model 3 Performance through their business, they knew Fast Car Finance would be able to arrange the best Tesla financing rates.

 

The £60,240 purchase price was financed on Lease Purchase over a four-year term with a final balloon payment of £25,000 due at the end. By structuring the Tesla finance payments in this way, the lump sum payment at the end of the term allowed the client to benefit from lower repayments over the term of the loan, with the added flexibility of  refinancing the £25,000 as they need to.

 

Structuring the Tesla financing rates in this way allowed the business to benefit from the generous 100% first year tax allowances that are available on all electric cars, including Tesla Model 3 Performance. With Tesla finance transactions going through the business name, the client could make a substantial saving against their next corporation tax bill.

25,000.00
50
Tesla Model X - 13/12/2019
Tesla
Model X
119,540.00
2019
Automatic
Electric
Hire Purchase
13/12/2019
119,540.00
7,500.00
112,040.00
60
2,213.24
200.00
90.00
20,754.40
21,044.40
6.9
7.2
Company Director
null

Electric car finance is still in its infancy and many car finance companies shy away from this new technology. Not so the team at Fast Car Finance and when this entrepreneur was referred to us via his business bank manager, we were only too happy to assist.

Having placed an order for a new Tesla Model X, the customer wanted to finance the car through his Limited Company in order to take advantage of the generous tax allowances that electric cars offer (the car qualifies for a 100% first year allowance enabling the customer to substantially reduce his corporation tax). Fast Car Finance are specialist car finance brokers with a niche in the high value end of the market. We quickly secured the customer a 5-year Hire Purchase agreement at a competitive rate of interest.

We can arrange finance for any make or model of electric vehicle including Tesla. If you are considering the purchase of an EV (electric vehicle) then please get in touch with us

Did you know that Fast Car Finance can arrange luxury and prestige car finance for diesel, petrol and EV’s for both business and personal customers? Call us today on 0333 12 12 400 to discover more.

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