Hybrid and Plug-In Car Leasing Deals
If you are looking to make the switch to a greener alternative but aren't quite ready to make the step to fully-electric, why not consider a hybrid? Combining the latest EV technology with a smaller internal combustion engine helps you save fuel and reduce emissions, without the range anxiety. There are a few types of hybrid cars, plug-in hybrids, self charging hybrids and mild hybrids. Our guide helps you pick the best one for you.
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Types of Electric and Hybrid Cars
Electric Vehicle Leasing
Battery Electric Vehicles (BEVs): Also known as a fully electric vehicle, BEVs are fast charging, zero emission motoring. Using rechargeable battery packs, they are powered solely by pure electric instead of relying on an internal combustion engine.
By 2035, the UK government has banned the sale of any new fossil fulled powered vehicles, meaning that most consumers will be limited to purchasing new battery electric vehicles.
Plug-In Hybrid Vehicle Leasing
Plug-In Hybrid Electric Vehicles (PHEVs): Plug-In Hybrid Vehicles, also known as PHEVs combine the latest battery technology with a small internal combustion engine. As the name suggests, these vehicles still need to be plugged in and charged up, much like their BEV counterpart.
They are designed for drivers who split their driving between low speed and motorway driving. Using the electric power when driving around towns and cities before automatically switching to the combustion engine when more strain is being put on the vehicle.
Hybrid Electric Vehicle Leasing
Hybrid Electric Vehicles (HEVs): Hybrid Electric Vehicles, also known as self charging hybrids, are models that have a small electric motor and a larger internal combustion engine.
The electric motor is designed to help get the vehicle up to speed after being stationary at traffic lights for example. The electric motor is able to power auxiliary items such as the radio, lights and heated seats when the vehicle is stopped, assisting when idling to result in better fuel economy.
Benefits of Hybrid Car Leasing
Leasing hybrid and plug-in hybrid vehicles offers a range of advantages for both business and personal customers, particularly in today’s eco-conscious and cost-sensitive environment.
For Business Customers: Leasing hybrid or plug-in hybrid vehicles can result in significant cost savings, particularly due to lower fuel expenses and reduced maintenance costs, as hybrids generally have fewer wear-and-tear issues compared to conventional vehicles. Additionally, businesses benefit from lower Benefit-in-Kind (BiK) tax rates for employees, which can make these vehicles more appealing as company cars.
Adopting greener vehicles can enhance a company’s environmental credentials, which is increasingly important in industries focused on sustainability. It sends a clear message to stakeholders and customers that the business is committed to reducing its carbon footprint, helping to improve brand reputation and customer loyalty.
For Personal Customers: Leasing a hybrid or plug-in hybrid vehicle offers personal customers the opportunity to drive a modern, eco-friendly vehicle without the commitment or high initial costs of purchasing. With lower monthly payments than traditional finance deals and the chance to switch to a new model at the end of the lease, customers can enjoy flexibility and access to the latest technology. The fuel efficiency of hybrids also means significant savings on day-to-day driving, particularly for plug-in hybrids, which can be charged and run on electric power for short journeys, further reducing running costs.
Environmental benefits are also a key attraction, with hybrid leasing enabling individuals to reduce their carbon footprint without sacrificing convenience. As hybrid and plug-in hybrid models are often exempt from or subject to reduced congestion charges and low-emission zone fees, urban drivers may benefit from additional savings.
