Electric Car Finance
Electric car finance and leasing solutions with affordable monthly payments. No road tax, low maintenance and no depreciation costs! Business and personal deals available with a range of finance options.
Invest into the future with HAF’s affordable electric car finance and leasing solution. A ban on the sale of all new petrol and diesel cars comes into play in 2030. There’s never been a better time than now to make the switch to electric. With brilliant deals on new and used electric cars, please get in touch today. Whether you are looking to obtain an entire fleet of electric vehicles for your business or simply looking for a personal finance deal, HAF can help.
Electric Car Finance & Leasing
The cost of running an electric car is much cheaper than the conventional engine, it is the upfront cost that deters businesses and individuals. However, with HAF’s finance solution combined with the available government grants, HAF can put together an extremely cost-effective agreement. The plug-in car grant is a government scheme that pays 35% of the price of a low-emissions vehicle up to £3,000. Electric car owners do not pay ‘car tax’ (Vehicle Excise Duty). There are also home charger and workplace charger grants available. Let’s take a look at further benefits of driving an electric vehicle.
Benefits of an Electric Car
Running Costs– Significantly reduce your running costs, no need to pay inflated petrol and diesel prices. Free or discounted parking in car parks across the UK. Discounts of congestion charges with the ultra-low emission zones.
Environmental Impact– Reduce air pollution and decrease your personal impact on the environment.
Maintenance– Electric cars require much less maintenance, a traditional engine has hundreds of moving parts whereas an electric vehicle will have fewer than 20.
Performance- With how electric cars have advanced already with the likes of Tesla, the performance can be a surprise to many.
Why Use HAF?
As industry leaders in the asset finance industry, we have a dedicated team that specialise in hard asset finance. Partnering alongside suppliers and providing direct finance to customers. We can provide leading rates, professional advice and connections to some of the best suppliers and manufacturers of equipment and vehicles. Saving you time and effort by delivering an all-in-one solution. Perfect for any business looking to acquire hard assets in the most affordable way possible.
The sectors we specialise in include commercial vehicles, manufacturing equipment, plant equipment, machinery, construction vehicles and agricultural machinery/vehicles.
Financing hard assets provides finance companies with good security as the assets tend to retain value for many years, even at the end of their lease. This combined with our access to a diverse portfolio of funders means we can provide you a bespoke and affordable finance option.
Key points
- We can source your vehicle
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Offer a range of flexible
finance options - Provide industry leading rates
- Both new and used vehicles
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Offer years of industry
experience
Benefits of Electric Car Finance
Asset finance is most commonly used to acquire hard assets. A hard asset is a tangible/physical asset with fundamental value that are normally held for the long term. Like recovery trucks they are often key to the businesses operations but are expensive in value. These are two of the key reasons why most businesses look to use a hard asset finance facility. There are also a range of benefits that come with this option:
Protect Cash Flow
Keep cash in the business and invest in areas that will produce a return on investment. Obtain the vehicle that is necessary for your business with little to no upfront cost.
Fixed Repayments
Perfect for financial planning and selecting a finance package that is affordable for your business.
No Large Upfront Cost
No need to invest large sums upfront, however this is an option if you wish to reduce monthly payments.
Quick Access
If you need a recovery truck urgently but don’t have the immediate cash available, finance allows you to obtain the asset immediately without having to wait for the cash reserves.
Access to Higher Spec Vehicles
No need to compromise on the vehicle you select. The difference in a newer or higher spec vehicle can often be a very small increase in monthly payments.
HAF Finance
Here we have the four agreement types used for recovery truck finance and all hard assets. Here at HAF, we will guide you through all options and help you select the most suitable for your business.
Finance Options
Hire Purchase
Hire Purchase (HP) are monthly rental instalments where at the end of the term you have the option to purchase the asset outright or simply return it. Payments can be structured to align with your cash flow which could mean a small upfront payment or larger to reduce monthly payments.
Finance Lease
A finance lease is a leasing agreement which involves renting the asset over an agreed period of 1-5 years. A popular method due to the significant tax advantages. At the end of the agreement, you have four options: Hand the asset back to us at HAF, purchase the asset outright, continue paying the monthly payments or take out a new lease.
Operating Lease
An operating lease is an agreement to use and operate an asset without the transfer of ownership. Often used for high value assets, the rental is at an agreed rate and time period. The rental will not cover the full cost of the asset, therefore at the end of the agreement a residual value is offered by the funder which allows you to buy the asset minus the lease rentals paid so far.
Business Contract Hire
Business contract hire is a popular finance option used for company cars. The vehicle is leased over an agreed period from 2-5 years. At the end of the agreement, the vehicle is handed back to the finance company. A simple agreement often used for brand new vehicles, sometimes used with no upfront fee just monthly instalments.
Types of Electric Vehicles
