Electric cars, bikes finance offers

Can you get an electric bike on finance in the UK?

Yes, in the UK you can buy an e-bike on finance. Moreover, you can choose from several financing methods. Here is a list of the most popular and affordable options:

1. Retailer Finance. Many stores, including e-bike online stores, cooperate with financial organizations. They offer the breakdown of the entire amount of electric transport into monthly payments during a certain period at certain percentages. You can often find offers with 0 percent during the promotional period
2. Personal loans in a bank, financial company, or credit union provide for the possibility of borrowing a certain amount of money and returning it with interest. Usually, such loans are issued for the purchase of any vehicle, including an electric bicycle.
3. Credit cards with a 0% interest rate on purchases are also a good way to buy an electric, mountain bike. However, such a loan must be repaid before the end of the promotional period, which usually does not exceed 60 days.
4. The Cycle to Work Scheme is a government program that allows employees to purchase bicycles through their employers. Among the advantages of such a program are discounted prices and tax benefits. To take advantage of the scheme, your employer must be registered with the Cycle to Work Scheme.
5. Hire Purchase allows you to pay for an electric bicycle in installments. You will get ownership of the vehicle after the last payment

We recommend looking for promotional offers that include interest free loan for electric car.

As an alternative, you can also take out a personal loan. Your possible expenses:

Personal loan calculations for 1 year (example)

Can you get electric car financing with bad credit?

Yes, banks and financial companies are ready to issue loans for the purchase of an electric bicycle, smart car to people with a bad credit history. However, keep in mind that interest rates and commissions may be higher, and the loan term shorter, compared to other categories of borrowers.

Just follow the links in the table and choose the offer that suits you best.

Are there interest free loan for electric car?

Interest-free loans for electric cars in the UK are not commonly available, but there are a few options and incentives that can help reduce the overall cost of purchasing an electric vehicle (EV). Here’s a breakdown of what’s available:

1. Government Grants and Incentives. The UK government offers the Plug-in Car Grant, which provides a discount on the purchase price of qualifying electric cars. While this isn’t a loan, it helps reduce the upfront cost.
2. Interest-Free Loan Schemes. Some local councils may offer interest-free or low-interest loans for purchasing electric vehicles, particularly for residents in areas focused on improving air quality. These schemes can vary by region and availability.
3. Manufacturer and Dealership Offers. 0% Finance Deals: While not interest-free loans, some manufacturers and dealerships offer 0% APR finance deals on new electric cars. This means no interest is charged on the loan, but you still need to make monthly payments.
4. Green Loans. Some financial institutions offer green loans or eco-friendly loans that may have lower interest rates for environmentally friendly purchases, including electric vehicles. While not always interest-free, these loans often come with better terms than standard loans.
5. Leasing Options. Instead of buying, leasing an electric vehicle can be a cost-effective alternative. Leasing agreements can sometimes be arranged with low or no initial payments, though the terms and conditions will vary.
6. Credit Unions. Some credit unions offer low-interest personal loans that can be used to purchase an electric vehicle. While these are not interest-free, credit unions often provide more favorable rates compared to traditional banks.

How do I apply for Car Finance in the UK?

Start by researching the different Smart car models and their prices. Visit Smart’s official website or local dealerships to find current finance offers.

You can apply for finance online, through a dealership, or via a car finance broker. Be prepared to provide proof of income, address, and identification as part of the application process.

Once approved, you can finalize the finance agreement and purchase your Smart car.

You can see the similar FAQ at the link:  

• HSBC loan repayment reward offer
• HSBC: how to apply for a loan
• How to claim PPI from HSBC?
• MandS Bank loan calculator
• Where do I fins calculators of Clydesdale Bank?
• Wire transfer in HSBC: how to make?

Details of companies offering the financial services:

Audi Finance

Head office’s address: Delaware Dr, Blakelands, Milton Keynes MK15 8H

Phone: +44 800 69-98-88

Web-site: https://www.audi.co.uk/

BMW UK

Head office’s address: Summit ONE, Summit Avenue, Farnborough, Hampshire, GU14 0FB

Web-site: https://www.bmw.co.uk/en/index.html

buyacar

Head office’s address: London

Web-site: https://www.buyacar.co.uk/

Car Leasing

Head office’s address: Astra House, The Common, Guildford Road, Cranleigh, GU6 8RZ

Contact center: 01483-891010

Web-site: https://www.carleasing.co.uk/

Carplus

Head office’s address: Lumiere House, Elstree Way, Borehamwood WD6 1JH

Contact center: 0203 389-7779

Phone: +44 20-3389-7779

Web-site: https://carplus.co.uk/

Carwow

Head office’s address: 2, 10 Bressenden Pl, London SW1E 5DH

Contact center: +44-20-4586-4000

Web-site: www.carwow.co.uk

Cash Compare

Head office’s address: London

Web-site: https://www.cashcompare.co.uk/

CreditPlus

Head office’s address: London

Web-site: https://www.creditplus.co.uk/

Evan Cycles

Head office’s address: Chill Factore Trafford Way, Manchester, Greater Manchester, M41 7JA, United Kingdom

Contact center: +44 141-2330-200

Web-site: https://www.evanscycles.com

Evolution Money

Head office’s address: 9 Portland Street, Manchester

Contact center: 0161-814-9158

Web-site: https://enquiry.clarity-uk.com/

gateway2lease

Head office’s address: Marshall Management Services Ltd Carleton House, 266-268 Stratford Road, Solihull, West Midlands B90 3AD

Contact center: 01299-407-360

Web-site: https://www.gateway2lease.com/

Got Capital

Head office’s address: 131 Finsbury Pavement, London

Contact center: +44(0)203 7500096

Web-site: https://gotcapital.co.uk/

Halifax

Head office’s address: The Mound, Edinburgh EH1 1YZ

Contact center: 0345-720-3040

Phone: +44 (011) 3242 19 84

Web-site: http://www.halifax.co.uk/

Stock code: HALP

Hippo Leasing

Head office’s address: Trident Park, Trident Way, Blackburn BB1 3NU

Contact center: 01254-956666

Web-site: https://www.hippoleasing.co.uk/

LeaseCar (Central Contracts )

Head office’s address: Central House, Trentham Business Quarter, Bellringer Road, Stoke on Trent, Staffordshire

Contact center: 0344-745-1818

Web-site: https://leasecar.uk/

Leasing.com

Head office’s address: London

Web-site: https://leasing.com/

Leasing Options

Head office’s address: OPTIONS HOUSE, Atkin St, Walkden, Worsley, Manchester M28 3DG

Contact center: 0161 516 2430

Phone: +44 161-703-8744

Web-site: https://www.leasingoptions.co.uk/

Leisure Lakes Bikes

Head office’s address: 155 Longmeanygate, Leyland PR26 7TB

Web-site: https://www.leisurelakesbikes.com/

Lloyds Bank

Head office’s address: 25 Gresham Street, London EC2V 7HN

Contact center: 0345-300-0000

Web-site: https://www.lloydsbank.com/

Swift code: LBGTGB22

Reference number: 119278

Stock code: LLOY

ABN: 00002065

BSB: LBGT

Moneybarn

Head office’s address: Athena House, Bedford Rd, Petersfield GU32 3LJ

Phone: +44 330-555-1230

Web-site: https://www.moneybarn.com/

Nationwide Vehicle Contracts

Head office’s address: London

Contact center: 0345-811-9595

Web-site: https://www.nationwidevehiclecontracts.co.uk/

Select Car Leasing

Head office’s address: Pacific House, Imperial Way, Reading RG2 0TD

Contact center: 0118-920-5130

Web-site: https://www.selectcarleasing.co.uk/

Skoda UK

Head office’s address: London

Web-site: https://www.skoda.co.uk/

Synergy

Head office’s address: 2A Hornbeam Park Oval, Hornbeam Park, Harrogate, North Yorkshire

Contact center: 0330-127-4711

Web-site: https://www.synergycarleasing.co.uk/

The Bike Factory

Head office’s address: 153-161 Boughton, Chester, CH3 5BH

Phone: 01244-317-893

Web-site: https://www.thebikefactory.co.uk/

Tredz UK

Head office’s address: St. Gerards House, Kingsway, Swansea West Industrial Park, Swansea

Web-site: https://www.tredz.co.uk/

Volkswagen Financial Services

Head office’s address: 1 Delaware Tongwell Dr, Milton Keynes, Milton Keynes, MK15 8HG

Web-site: https://customer.vwfs.co.uk/

What Car?

Head office’s address: London

Web-site: https://www.whatcar.com/

WHEELBASE

Head office’s address: Unit 1 Sun Building, Stockfield Road Chadderton, Oldham, Lancashire, OL9 9LU

Contact center: 01539-821-443

Web-site: https://www.wheelbase.co.uk/