Electric car finance

Free eligibility check with no impact on your credit.

Bad credit & no deposit deals.

Get a car finance quote
Get a car finance quote

Check eligibility with no impact on credit score

Moneyrepublic specialises in electric car finance, offering expert assistance to secure the best deals and quotes on used electric cars (EVs). With the 2030 ban on new petrol/diesel cars looming, electric cars are becoming increasingly popular. Moneyrepublic provides flexible financing options tailored to your needs. Use our finance calculator to explore your electric vehicle loan options today.

Benefits to finance electric cars:

  • Zero Emissions
  • Low Maintenance Costs
  • Exempt from Congestion Charges, including London's ULEZ charge

Find your perfect electric car finance solution with Moneyrepublic. Apply now for a quote!

Car finance calculator

  • 36months
  • 42months
  • 48months
  • 60months

This helps you get a more accurate finance estimate

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Won't affect your credit score

Your estimated examples

These estimates are subject to credit checks, and may change if you do apply for finance.

Loan amount£7,500
Length of Loan60 months
Monthly payment£0
Interest rate9.9% APR
Optional final payment£0
Amount of interest£0
Total payment£0

How to finance an electric car

  1. Apply for Your Loan: Decide on the amount you need to borrow and the repayment period. Our lenders will assess your application for electric car finance.
  2. Receive the Money: Upon approval, the funds will be deposited into your account swiftly, often on the same day. Use the money for your car purchase or other planned expenses.
  3. Repay Over Time: Make monthly repayments over 1 to 5 years, covering the borrowed amount plus interest. Contact Moneyrepublic to begin your electric car finance application today.

Can I get an electric car on finance?

Certainly! At Moneyrepublic, you can finance an electric car just like a petrol or diesel one. While electric cars can have a higher upfront cost, our financing options make switching to electric affordable and straightforward. Let us assist you in finding the perfect electric vehicle financing solution today.

Can I apply for electric car finance with bad credit?

At Moneyrepublic, we understand that having bad credit shouldn't stop you from securing electric car finance. We work with lenders who consider a range of credit histories, ensuring you have access to competitive financing options tailored to your circumstances. We offer 0 deposit options, enabling you to start financing your electric car without an upfront payment. Our goal is to assist you to get the most affordable and suitable bad credit electric car finance, regardless of your credit score. Contact us today to explore your options and make the switch to electric hassle-free.

The different car finance types for electric cars

Hire Purchase

With Hire Purchase (HP) from Moneyrepublic, you can spread the cost of your electric car over manageable monthly payments. This option is ideal for those looking to own their vehicle outright at the end of the agreement. Even if you have bad credit, we have HP options available. Additionally, we offer a 0 deposit option, making it easier to get behind the wheel of an electric car without a large upfront payment.

Personal Contract Purchase (PCP)

With Personal Contract Purchase (PCP) through Moneyrepublic, you can enjoy lower monthly payments compared to Hire Purchase. At the end of the agreement, you have the flexibility to choose between returning the vehicle, making a final balloon payment to own it outright, or part-exchanging it for a new model. We offer PCP options even if you have bad credit. Explore our 0 deposit options to start driving an electric car without a large upfront payment.

What to consider before buying an electric car on finance

Before purchasing an electric car on finance, consider the following:

  • Budget: Determine how much you can afford for monthly payments and initial costs.
  • Charging infrastructure: Ensure convenient access to charging stations in your area.
  • Running costs: Estimate electricity costs versus petrol and diesel cars expenses.
  • Range: Check the electric car's range to suit your daily driving needs.
  • Warranty coverage: Understand warranty terms for the battery and vehicle.
  • Financing options: Explore Hire Purchase or Personal Contract Purchase to find the best fit for your financial situation.

Types of electric vehicles that can be financed

There are three main types of electric vehicles (EVs) that can be financed:

  • Fully Electric Vehicles (EVs): These vehicles run solely on electric power stored in a battery. They produce zero emissions and require charging from external sources.
  • Plug-in Hybrid Electric Vehicles (PHEVs): PHEVs have both an electric motor and an internal combustion engine. They can run on electric power alone for shorter distances and switch to petrol and diesel cars for longer journeys.
  • Full Hybrid Electric Vehicles (HEVs): HEVs use a combination of an electric motor and a petrol/diesel engine. They do not need to be plugged in as they charge their batteries through regenerative braking and the engine.

Each type offers different benefits and charging requirements. Contact Moneyrepublic to explore financing options for these electric vehicle types.

Benefits of electric vehicles

Environment Advantages

Electric vehicles (EVs) produce zero greenhouse gas emissions, helping to reduce air pollution and combat climate change. They contribute to cleaner air and a healthier environment for everyone.

Economic Advantages

EVs have lower operating costs compared to petrol and diesel cars, saving money on fuel and maintenance. They also qualify for lower road tax and congestion charge exemptions in some areas, providing additional cost savings.

Driving Advantages

Electric vehicles offer smooth and quiet operation with instant torque, providing impressive acceleration and a pleasant driving experience. They are also exempt from paying Vehicle Excise Duty (VED) and can benefit from free or discounted parking in certain locations.

Stability Advantages

EVs typically have high MOT pass rates due to fewer moving parts and simplified maintenance requirements. This contributes to increased reliability and reduced maintenance costs over time. Additionally, the affordability of used EVs like the Renault Zoe and Smart EQ ForTwo/ForFour makes them accessible options for budget-conscious buyers. Contact Moneyrepublic to learn more about financing used electric vehicles.

What are the requirements for EV car finance?

To qualify for electric car finance, you must meet specific criteria:

  • Minimum age of 21 years.
  • Residency in the UK for the past three years.
  • Possession of a valid UK driver's licence.
  • Full-time employment status.
  • No bankruptcy declarations.
  • Demonstrable ability to afford monthly payments.

Contact Moneyrepublic for detailed information and assistance with your EV car finance application.

Why choose Moneyrepublic?

Get your car finance online

Get car finance options with no impact on your credit score. Rates starting from 9.9% APR.

Buy a car from any dealer

Once approved, collect or get your car delivered to you.

Car finance quality assured

We’ll do a thorough vehicle HPI, full-service history and MOT check. Buy with confidence.

Geta a quote now

Our Lenders

We work with over 15 lenders offering 100+ HP and PCP deals so that you could have the best offer.



Is it worth buying a used electric car?

Buying a used electric car is worthwhile due to lower upfront costs and reduced maintenance expenses. They depreciate less compared to conventional vehicles. Used electric cars offer value for money and contribute to sustainable transportation.

Can I get a no deposit car finance deal for an electric vehicle?

Yes, you can secure a no deposit electric car finance deal for an electric car. Many lenders offer this option, allowing you to purchase an electric car without an upfront payment. Contact Moneyrepublic to explore no deposit finance options for your electric car purchase.

Can I pay off my electric car finance deal early?

Yes, you can settle your electric car finance deal early, but you might face an early termination fee. Review your finance contract terms to understand potential charges for ending the agreement sooner than scheduled. Contact Moneyrepublic for guidance on early repayment options.

Am I eligible to buy an electric car on finance?

Your eligibility to buy an electric car on finance depends on several factors. Typically, you must meet age requirements (usually 18) and have a satisfactory credit score. A higher credit score improves your chances of approval and better financing terms. Lower credit scores may limit borrowing amounts and car options, with potentially higher interest rates or APR.

How expensive is an electric car to insure and maintain?

Insurance and maintenance costs for an electric car vary based on model, insurance provider, manufacturer, and usage. Electricity costs less than petrol or diesel, and electric cars need less maintenance than internal combustion engines (ICE). Contact Moneyrepublic for insights on electric car insurance and maintenance expenses.