Electric car finance

You could be driving it home on the same day! All you need to do is get a quote to find out your repayment options, choose a car and sign your agreement. Once that's all done, you're good to go!

That will all depend on your monthly budget and your current circumstances. There's no one-size-fits-all answer when it comes to EV finance. The repayment terms on our Hire Purchase agreements are anywhere between 18 and 61 months.

It's important to bear in mind that longer repayment terms mean lower monthly instalments, but you'll pay back more in the long run, due to the extra interest accrued.

In contrast, shorter repayment terms mean higher monthly instalments, but the overall cost of the loan is lower.

Yes! If you're in a position to settle your loan before the pre-agreed deadline, you can do so without any early repayment fees. This could save you money in the long run, as it will reduce the amount of interest you pay.

You can apply for between £2,000 and £15,000. 

No, there are no hidden fees or extra charges on our EV finance. All you'll have to pay is your initial deposit (if required) and then your fixed instalments.

No, we do not finance VAT. You will have to pay that upfront as part of your deposit.

When you request an electric car finance quote, we'll ask for the basics such as your full name, current address, phone number(s) and employment status. 

It's important that you provide us with honest information so that we can give you an accurate quote.

For full details about the collection and potential uses of your personal data, check out our Privacy Policy.

Yes, you may still be approved for finance even if you have a less-than-perfect credit history. We've specialised in bad credit auto finance for more than 20 years. In that time, we've built up a proven track record of helping those who have been declined elsewhere or who might have a patchy or thin credit record. Find out more about bad credit car finance.

When you first apply, we'll run a soft credit check, which should not affect your score. If you proceed with your application for electric car finance, we'll run a hard credit check. This will show up on your file, but by repaying your finance in full and on time, you can actively take steps towards improving your score.

Yes, it's possible to be approved without making a down payment, but it will depend on your credit limit and the value of the car.

Yes, it may be possible to use your old vehicle in part-exchange to help you with your deposit. You'll have to check with your dealership to see if they're happy to agree.

We can provide finance on a variety of electric cars from brands such as Nissan, Lexus and Kia.

Yes! Our Deal Making team can help you find the most suitable electric car to finance. Here's how you can contact them:

• Phone - 0141 848 8933
• Email - dealmaking@frfl.co.uk
• WhatsApp

No, we'll only approve applications for EVs bought from an FCA-authorised dealership.

Yes, you will have to pay road tax on any electric car registered after 1st April 2025. The first year rate will be £10. From the second year onwards, you'll need to pay the standard £195.