Electric car finance – we help you take the first and last step for the big purchase

Electric cars are the future of the human world because they serve the concerns of environment and come with new features. They are less expensive to maintain and give a smooth driving experience. The funding part that creates concerns to the buyers can be handled with smart car finance options. 24loansvally offers electric car finance choices all across the UK.

Features electric car finance

  • Attention to personal paying capacity with personalized pricing to make the deal affordable
  • Finance options with monthly instalments of as low as £220 per month for easy repayments
  • Acceptable deposit amount is 10% to 15% according to your creditworthiness and affordability.
  • Insurance options available with every finance deals through a broad panel of insurance companies

Factors that decide your car finance deal

Multiple factors decide what exactly will be your cost on the car finance. From the model type to the vehicle's performance, all things work together to purchase an electric car on finance.

  • Final cost after the scrutinizing the possibility of ‘greener vehicle discount’. Such vehicles are free from Vehicle Excise Duty.
  • Mileage of the electric car is a significant factor that affects the finance deals because that decides the actual price of an electric car.
  • Fuel costs also matter in car finance because that directly relates to the mileage and the price and your capacity to bear costs.
  • Your repaying capacity needs to be in harmony with all the factors, including the deposit part because that decides the final cost.
electric car on finance

Popular electric car finance deals we offer

There are many more models that we fund on. Besides we are flexible to work without constraint because we fund every model. The car finance options are cheaper on the cars below £40,000 because there is no tax payable.

  • Instant approval Decision in 10 minutes
  • Money transfer within two working days
  • Document submission occurs online only
  • No guarantor required for any finance deal
  • Best car loans to hire purchase, PCP options

How does 0 finance on electric car work?

The electric car with 0% finance is a popular product, and we get countless queries by borrowers on its practicability. Most of them do not even know how does this work and what does it mean. We leave no stone unturned to explain the finance options to our customers to help them make a confident decision.

  • In 0% car finance you do not need to pay any APR on the borrowed money
  • You pay only deposit and monthly instalments in a decided tenure of years
  • The deposit size in 0% finance is bigger than normal, it is up to 20% to 25%
  • For 0% finance on electric car, a borrower should have very strong income

How to get the best electric car finance deals in the UK?

To get the best deals on electric car finance in the UK, you need to first work on personal finances. Stronger are your financial conditions brighter are the chances of getting the best electric car finance offers from anywhere in the UK. We already have no location constraint. It does not matter where you are applying for the funds. From a small town or the developed city, we are everywhere.

  • Best deals come to those with the best personal financial conditions
  • Strong income, the good income-outgoing ratio of either 70:30/60:40
  • Show employment stability with a long time in the same job/company
  • Pay bills and debts at the right time to keep a good payment record

NOTE – All the applications are subject to an affordability check, and strong repaying capacity is a vital need. In the absence of the latter, we may need to talk to you on further details to clear the doubts on that part.

Why choose 24loansvally?

Before you buy an electric car on finance, we want you to know us better on enhancing your borrowing experience. A quick look at our traits can explain well that why you should trust us.

  • Assured transparency with timely notifications on the latest status of your application
  • Get the cheapest electric car finance options all across the UK with no location bias
  • Payment holiday of up to 3 months without any additional cost and hidden charges
  • Money transfer in the committed time to facilitate funds in the least possible time
  • People with bad credit score can apply to us with no guarantor and no collateral

We are here to fulfil all your needs for purchasing electric cars in the UK with finance options. Our expert team knows the nook and cranny of the car finance industry and knows well how to figure out the best solution. The only demand is on the part of repaying capacity. If that is present in your personal circumstances, your fund approval is only a few minutes away.