Electric cars are revolutionising the automotive industry, with a substantial growth in the UK market. In 2022, electric vehicles (EVs) comprised 15% of the market, and as of 2023, there are 660,000 registered electric cars on UK roads. This upward trend is expected to continue, especially with the 2030 ban on new petrol and diesel vehicle sales.
The appeal of electric cars lies in their considerable savings on fuel, lower maintenance costs, and reduced CO2 emissions. However, the higher upfront cost of electric vehicles can be a deterrent for many potential buyers. This is where Happy Motor Finance can assist, offering various financing options to make owning an electric car more accessible.
A BEV runs entirely on battery power, producing zero emissions. These vehicles can be charged at home or at public charging points, and advancements in technology are extending their range, making them ideal for long journeys.
PHEVs combine a traditional engine with a battery-powered engine that can be charged. This dual-engine system allows for flexibility, enabling the car to switch to petrol or diesel if the battery runs out. PHEVs are suitable for short trips and those without easy access to charging points.
HEVs also have a petrol/diesel engine and an electric battery, but the battery is self-charging. These cars do not require plugging in and offer benefits similar to PHEVs, including lower emissions and improved fuel efficiency.
While the government grant for plug-in electric cars ended in 2022, several benefits still exist:
For more information on available schemes, check the Government’s website.
At Happy Motor Finance, we offer several financing options to suit your needs:
| Car Model | Starting Price |
|---|---|
| Average Electric Car | £20,000 |
| Tesla (e.g., Model 3) | £40,000 |
Explore our finance calculator to estimate your payments.
Yes, we offer bad credit car finance. Our specialists will work with you to find the best solution.
A balloon payment is a larger, final payment due at the end of a PCP agreement. For more details, see our PCP vs. HP guide.
If your credit score has improved or you face a large balloon payment, consider refinancing your car to lower your monthly payments.
For more information, visit our electric car finance page or contact us.
The above rates and monthly payments are an example only. The actual rate you will be offered by lenders could be lower or higher depending on your circumstances
Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.
*Our lenders operate using an initial "soft search" which does not impact your credit score however, if you wish to proceed with the finance offered, the lender may carry out a "hard search" prior to sending you the finance documentation to sign.
Amazing experience from start to finish, the people there don’t push you into anything. The checks are really good, they not only check out the car but who you are buying it from. Thanks to Matthew and Leon for all their support in helping me choose the right car for me.
They were extremely helpful and did everything they could to get me finance even with a bad credit rating. Couldn’t recommend these guys enough. Leon talked me through it every step of the way, the company are lucky to have you😊
Very helpful team Leon walked me through the whole process and didn’t push. He also gave brilliant advise and set up warranty package that gave me peace of mind.
I've just picked up my new car, absolutely love it, Alan was amazing I told him everything I was looking for in a car and within minutes he found my dream car, Alan kept in contact with me through the whole experience, checking I was still happy with everything, I would highly recommend Happy motors finance and have already done so with friends. THANK YOU SO MUCH! 😊
Cannot praise this company highly enough. Dealt with Alan, who pulled out all the stops and exceeded my expectations. Everything went so smoothly. Alan also made sure I was given all the details needed and communication was excellent. Keep up the good work guys.
Carol St ClairAbsolutely brilliant company. Everything explained and sorted for me from start to finish. Will definitely recommend these guys. Thank you from a very happy customer 😁
idrees aliKirsty provided a fantastic service, would recommed to everyone. Happy motor finance
Matt JamesBrilliant help , very stress free experience. Highly recommend , Damien was excellent from start to finish .
Andy RyanAbsolutely outstanding service from Damian at Happy Motor Finance, start to finish 48 hours everything was explained and was an easy process. Highly recommended and cheers Damian much appreciated!
Victoria SumnerAmazing service from Leon and a new car sorted in less than a week.
Peter KilliardI could make this very very long winded but I won’t. I’ll just say that Kirsty and the team gave me the best customer service and buying experience ever. Thank you very much and I’ll be back when it’s time to upgrade.
Barry O'BrienKirsty was very patient, I don’t think I was an easy customer, I can’t remember how many cars I looked at, there was no pressure and Kirsty was extremely helpful and nothing was too much trouble, we eventually got a great deal on my ideal car, Thank you Kirsty
Jack ScoreyLeon was great! Fast responses to questions and always happy to help. Very quick process from start to finish. I would recommend this company to anyone.
Kyle DannIf I could give 6 stars I would, team member Yaz has been the most help from any finance company I’ve tried in getting a new car and helped me out massively. Top man and a top company would massively recommended.
