Electric Car Finance

Right now electel is offering a low interest loan for electric vehicles.

Electric car finance.

Our low rates and flexible repayment terms make it as affordable as possible to finance your new car plus you ll be building a positive credit history in the process. Electric vehicle interest free loan although an ev offers the owner significantly lower running costs there is a slightly higher initial cost for these cars. A four year finance offer on a mini electric at a 4 99 per cent comparison interest rate. The cost of an electric or hybrid car is totally dependent on the make and model you choose.

Discounted rates make it easier for you to buy a hybrid electric or other high fuel economy vehicle. Through rbc you have access to financing solutions on a wide range of new electric vehicles. Gecu first time buyer auto loan program. Find a dealer opens in a new window.

We ve found electric cars from as little as 221 per month. Electel is a not for profit financial cooperative that has been serving electric co op employees and members since 1969. Therefore to support drivers switching to an ev or hybrid the scottish government is offering interest free loans to help with the financing. But no one wanted to drive them.

However the total cost of ownership can be equivalent or lower when taking into account fuel savings tax and lower maintenance costs. Thinking about purchasing an electric car or van. Up to 110 of nada our green vehicle loan will let you finance up to 110 of the high nada book value of your new car. If you buy on a pcp finance deal that doesn t have to be the case.

278 4 billion for many investors tesla tsla 1 500 84 is the electric vehicle market. Loans for electric vehicles power up and hit the open road. There were electric vehicles before tesla of course. The interest free electric vehicle loan funded by transport scotland an agency of the scottish government currently offers drivers in scotland loans of.

Up to 35 000 to cover the cost of purchasing a new pure electric vehicle up to 10 000 to cover the cost of purchasing a new electric motorcycle or moped the loan has a repayment term of up to six years. They are usually more expensive to buy their equivalent petrol or diesel car. Staggered payments and flexible ownership. One of the benefits of being a member of your electric co op is taking advantage of special financial offers from electel.

The option to exchange their mini electric for a regular petrol powered mini countryman for the duration of a weekend once a year.