Hybrid car finance

What is a hybrid car?

A hybrid vehicle combines the power of an internal combustion engine with an electric motor, driven by a battery. This dual-engine setup allows hybrids to produce fewer CO2 emissions and consume less fuel compared to conventional petrol or diesel cars. When driving at low speeds or over short distances, hybrid cars can run solely on electric power, further reducing their environmental impact. By seamlessly switching between the combustion engine and electric motor, hybrids offer improved fuel economy and contribute to a cleaner, greener future on the road.

Types of hybrid cars

Full-fledged hybrids (FHEVs)

Full-fledged hybrids, also known as parallel hybrids, are equipped with both a petrol engine and an electric motor. These cars can operate in electric-only mode at low speeds, relying on the petrol engine for higher speeds or when extra power is needed. Full hybrids seamlessly switch between the petrol engine and electric motor to optimize fuel efficiency. They use regenerative braking to recharge the battery, further enhancing their eco-friendly credentials. Popular examples include the Toyota Prius and Honda Insight.

Mild hybrids

Mild hybrids incorporate an electric motor that supports the petrol engine, but they cannot run solely on electric power. Unlike full hybrids, mild hybrids use the electric motor to assist the petrol engine rather than propelling the vehicle independently. This setup helps improve fuel efficiency and reduces emissions by enabling the petrol engine to operate more efficiently. Mild hybrids often feature start-stop technology, where the engine automatically switches off when idle to conserve fuel. This type of hybrid is ideal for drivers seeking enhanced fuel economy and lower emissions without the full electric capability of plug-in hybrids.

Plug-in hybrid vehicles (PHEVs)

Plug-in hybrid cars (PHEVs) combine a petrol engine with an electric motor that can be charged by plugging into an external power source. PHEVs offer the flexibility of driving in electric-only mode for shorter distances, making them ideal for urban commuting. When the electric charge is depleted, the petrol engine takes over, providing extended range and eliminating range anxiety associated with fully electric vehicles. This dual-power system allows plug-in hybrids to achieve impressive fuel efficiency and lower emissions compared to traditional petrol or diesel cars, making them a popular choice for environmentally conscious drivers. Examples include the Mitsubishi Outlander PHEV and BMW X5 xDrive45e.

Types of hybrid car finance

Hire Purchase (HP)

With hire purchase (HP), you spread the cost of the used hybrid car over fixed monthly payments, typically spanning two to five years. Unlike PCP, you'll own the vehicle outright once the final payment, including any option to purchase fee, is made. While a deposit is often required upfront, HP offers the benefit of predictable monthly payments throughout the agreement period. This straightforward finance option is ideal for those looking to eventually own their hybrid car without mileage restrictions.

Personal Contract Purchase (PCP)

Personal Contract Purchase (PCP) is a popular used hybrid car finance option that offers flexibility and lower monthly payments. With PCP, you pay an initial deposit followed by fixed monthly payments over a set term, typically two to four years. At the end of the agreement, you have three choices: return the car with no further obligations (subject to mileage and condition), purchase the car by paying a final balloon payment (also known as the Guaranteed Minimum Future Value), or part-exchange the car for a new one. PCP is suitable for drivers who prefer lower monthly commitments and the flexibility to decide on the car's future at the end of the term.

Bad credit hybrid car finance deals

Moneyrepublic provides hybrid car finance solutions for those with bad credit. Check your eligibility with a soft credit check, ensuring it won't affect your credit rating. We understand individual circumstances and strive to find suitable, used hybrid car finance options for all customers, regardless of credit history. Contact us today to explore our bad credit hybrid car finance options.

Can I get hybrid car finance with no deposit?

Depending on your circumstances, you may be eligible for no deposit car finance for a hybrid vehicle. Our dedicated account manager can discuss available options tailored to your needs. Contact us today to explore the possibility of obtaining hybrid car finance with no deposit.

How much does a hybrid car cost?

Curious about the price of a hybrid car? In the UK market, popular models like the Toyota Yaris Hybrid, Renault Clio E-Tech Hybrid, and Hyundai IONIQ Hybrid typically range in price as follows:

• Toyota Yaris Hybrid: Starting from around £20,000
• Renault Clio E-Tech Hybrid: Starting from around £19,000
• Hyundai IONIQ Hybrid: Starting from around £23,000

Prices may vary based on trim levels, optional features, and location. Contact us for more precise pricing information and to explore car finance options for these affordable hybrid vehicles.

Benefits of getting a hybrid car on finance

Hybrid cars offer a range of advantages that make them an attractive choice for environmentally conscious drivers:

• Environmental goals: Hybrid cars contribute to reducing greenhouse gas emissions and air pollution, aligning with environmental objectives.
• Flexibility of conventional vehicle: Enjoy the convenience and range of a traditional petrol or diesel car alongside electric power.
• Energy preservation: Hybrid technology optimises energy usage, enhancing fuel efficiency and reducing reliance on fossil fuels.
• Regenerative braking: The braking system recaptures energy to recharge the battery, extending electric driving range.
• Lower costs: Benefit from reduced fuel expenses, lower road tax, and access to ultra-low emission zones, resulting in overall cost savings.

Experience the eco-friendly benefits of hybrid cars while enjoying the practicality and affordability of conventional vehicles. Contact us to explore hybrid car options and financing solutions tailored to your needs.

Why finance hybrid cars with Moneyrepublic?

Finance your new hybrid car with Moneyrepublic and benefit from:

• Low interest rates: Enjoy competitive interest rates on your hybrid car finance.
• Flexible payment options: We offer flexible payment plans, including options with no deposit required.
• Fixed rates: Benefit from fixed interest rates and predictable monthly payments throughout your agreement.
• Wide vehicle choice: Choose from a variety of hybrid vehicles to find the one that suits your needs.
• Expert team: Receive support from our knowledgeable team of finance experts.
• No credit impact: Applying with us won't negatively impact your credit score.

Experience seamless and customer-friendly hybrid car financing with Moneyrepublic. Apply today to drive away in your dream hybrid car!