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Latest Electric Car Lease Deals
What is Electric Car Contract Hire?
‘Electric Car Contract Hire’ is essentially a simple and secure method for having the ability to drive one of the many new models of electric vehicle, except you do away with the inherent risks of vehicle ownership.
‘Contract hire’ means that you lease an all-electric vehicle from a finance company, and pay for the lease over a period of either 24 or 60 months, instead of owning the vehicle outright. We also offer lease periods as short as 84 days and up to 2 years to businesses, too.
With Contract Hire, we will even register the vehicle’s road tax too. EVs are currently exempt from having to pay road tax, however, should electric vehicles become non-exempt in 2025, we’ll pay 100% of the road tax for the remainder of your lease period.
Our contract hire service involves making an initial rental payment upfront and then paying a monthly rental fee over a set period. The initial rental cost is usually equal to three, six, nine, or twelve monthly rental payments. If you want to explore more options, just get in touch with us, and we will create a customised offer for you.
Leasing an electric vehicle allows you to save money on fuel costs, and contribute zero tailpipe emissions to the environment.
Benefits of Electric Car Leases for Business
Business Contract Hire with us is a great way to drive a prestigious new electric vehicle without paying for the vehicle outright. It also means you don’t need to worry about depreciation associated with vehicle ownership. Our selection of all-electric cars ranges from Polestar and Tesla to Porsche, BMW, and Audi, with nearly all models included.
As many prestige cars lose value as they drive off the forecourt, many business owners, executives or employees opt for contract hire as it allows them the freedom to hand the keys back at the end of the lease period and upgrade to a newer or more eco-friendly model.
With Morgan Highfield & Land, your lease deal will never change in price. Our initial quote is what you’ll pay, with no hidden costs or fees, ever.
If you want to try out an electric car or provide one for an employee in your business, we also offer flexible leases ranging from 84 days up to 5 years. To apply, your business must be a limited company with at least one year of filed accounts at Companies House.
Is Electric Contract Hire Right For My Business?
Business Contract Hire is similar to Personal Contract Hire, but the details of the lease are designed for those who use the vehicle for business purposes. If you need to lease a vehicle for business, such as for commuting to work or for long trips to meet clients, then leasing through a Business Contract Hire scheme is the right option for you.
Business car finance is available for the following entities:
- Sole traders who have a bank account in their trading name.
- Partnerships.
- Limited companies, private limited companies (PLCs), and limited liability partnerships.
If you fall into any of the above 3 business categories, then you may be eligible for Business Contract Hire from us at Morgan Highfield & Land. Contact us today for a no-obligation quote, or if you wish to find out more about our electric car lease deals.
Electric Car Leases for Personal Use
Looking for a low-cost way to drive a prestigious all-electric car? Our Personal Contract Hire is the ideal solution for you. High-value cars tend to depreciate with time, making Personal Contract Hire the perfect option for those desiring a luxury car experience.
Our offers allow you to enjoy driving a prestigious car for less, without the risks associated with owning a luxury car, such as depreciation in value, and high maintenance and repair costs.
Personal Contract Hire is also a great way to switch your personal car up every few years, without the need to put your car on the market. You simply hand back the keys, and swap your car for the latest model, once your lease is up.
Is Personal Electric Car Contract Hire Right for Me?
Here at Morgan Highfield & Land, our contract hire scheme allows you to drive a forward-thinking electric vehicle, but not have to deal with the inherent risks of vehicle ownership, road tax registration, or depreciation costs.
All you need to do is:
- Keep up with your affordable monthly payments.
- Stay within the mileage agreed in your quote.
- Cover the electric vehicle with comprehensive insurance.
- Simply hand the keys back to the finance company at the end of your lease period in a condition that meets the BVRLA Fair Wear & Tear Guide.
Personal Electric Contract Hire allows anyone to drive a prestigious EV from brands such as Lexus, Mini and Lotus. We also offer cutting-edge models from Polestar and Tesla, too. Our lease deals are always affordable and competitively priced.
Business Lease Car Deals On Our Most Popular Brands
Morgan Highfield & Land offer nearly 100 prestige vehicles suitable for personal and business lease. With delivery available to all mainland UK locations, there has never been a better time to upgrade your vehicle to a more modern brand or model.
Tesla, Range Rover, BMW, Porsche and even Maserati are available on leases ranging from 24 months to 5 years in length. You can secure your dream work vehicle today with no hidden fees. We’ll even cover the road tax, too.
Our Most Popular Electric Car Leasing Deals
Here’s What They Have To Say
On each and every occasion their service level, knowledge and clarity have been exceptional so no reason to ever look at using any other business to source our vehicles.”
Electric Car Lease Frequently Asked Questions
Yes, however, our short-term leases are only applicable for selected vehicles on business lease schemes, which can be held for as little as 84 days, or as many as 2 years. However, all other leases can be held for up to 5 years in length. Our personal lease clients can lease an all-electric vehicle from us for as little as 24 months, to 5 years in length.
Yes, currently, the UK government has made all-electric vehicles exempt from road tax. This is because all-electric vehicles contribute zero tailpipe CO₂ emissions, and are therefore exempt from any taxable rate. We will still register the vehicle for road tax for you, and pay for the road tax under the current government policy. However, this rule may be about to change for All-Electric Vehicles, in which case, the amount of tax that may need to be paid may increase to the rates paid by ICE vehicles.
In short, yes. However, all new vehicles are exempt from requiring an MOT within the first 3 years of the vehicle’s life. Since all our EV lease vehicles are factory-new, you may not have to put the car through an MOT, depending on your lease length.
No, electric vehicles aren’t typically cheaper to insure than internal combustion engine cars, but the price is dropping year on year. We recommend reviewing the cost that you may incur when insuring a vehicle leased with us against traditionally motored vehicles, to see which may fit within your budget.
Any additional costs when insuring an EV may be potentially offset by savings such as cheaper running costs, zero road tax contributions, or benefits in kind through our affordable business leases.
Yes, many ‘normal’ garages are now able to service electric cars however we always recommend dealing with the manufacturer’s approved agent where possible. Please see the terms of your finance agreement if in doubt and be sure to adhere to these to avoid unnecessary charges at the end of the lease.
If you charge your EV at home, then it may very well be cheaper to power your EV than if you opted for a car with an ICE. However, there are also some other considerations, such as:
- Zero road tax contributions.
- Exemption from ULEV zone fees.
- Cheaper maintenance costs due to no oil changes and fewer moving engine parts.
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