Best Electric Car PCP Deals February 2025
Electric car PCP deals are here to help motorists get behind the wheel of a new EV
One big sticking point of switching to an electric vehicle is high list prices. However, we're here to show how affordable an EV can be, and have rounded up the best electric car deals on offer in the UK.
Many electric car deals are PCP car finance deals. These are a long-term financial agreement that comprise an up-front deposit and monthly payments over a set period of, say, three or four years. They often benefit from 0% APR.
At the end of the finance deal, buyers can hand the car back with nothing more to pay, or buy the car outright by paying off a lump sum – or, most often, use the collateral in the car to put towards another new car deal.
Electric car deals are also available on outright hire purchase (HP) packages, while other deals simply offer considerable up-front savings for those who may want to pay cash.
Whatever the package, an electric car deal is a tempting way to save lots of money on the latest EVs.
Why are electric car finance deals so appealing?
Electric car finance deals are designed to help make the higher up-front cost of EVs more manageable.
Spreading the payments over several years takes away the ‘sticker shock’. Add in the considerable savings you get from running an EV – charging from home is far cheaper than filling up with petrol and diesel – and electric car deals help turn EVs into real money-savers.
Today, many manufacturers are focusing their efforts on making electric car finance deals even more appealing, with 0% offers, deposit contributions and other incentives.
This is because of the new ZEV Mandate, which means all car brands have to sell a certain number of electric cars each year.
Electric car finance deals make EVs more accessible to more drivers, meaning they will be more likely to hit their electric car target and avoid steep financial penalties.
Best of all, an appealing electric car deal means you can get into a future-proof car for far less than you might expect. Check out the electric car deals here to see how much you can save!
Best electric car PCP deals in February 2025
Audi Q4 e-tron for £499 per month
The Audi Q4 e-tron is an impressive premium electric SUV and one we really like at heycar, even before there's a cracking deal on it. An Audi Q4 e-tron Sport 45 82kWh with metallic paint can be yours for just £499 a month, with a huge deposit contribution of £8325. You can choose between a free Ohme home charger worth up to £999 or get £500 off the list price, too, plus Audi will also throw in 10,000 free miles of home charging by giving you a £212.12 credit to your OVO Energy 'Charge Anytime tariff.
- Deposit: £6778 (+ £8325 Audi deposit contribution)
- Monthly payments: 47 x £499 (£23,453)
- Optional final payment: £18,375
- Total payable: £48,616
- Mileage per year: 10,000
- Representative APR: 6.9%
- Deal ends: 31 March 2025
MG4 EV for £169 per month with 0% APR
We’ve said that the MG4 is the best budget electric car, and when it’s available with 0% APR it’s even more attractive. You can drive around in the SE 125kW 51kWh model for just £169 per month, and if you want the more powerful, longer-range models then they’re just £20, £40 or £110 pounds more each month. MG is also giving buyers of any MG EV a £299 Electroverse charging credit, plus you get a £299 one-off voucher if your electricity is provided by Octopus.
- Deposit: £10,196.50
- Monthly payments: 37 x £169 (£6253)
- Optional final payment: £10,714.50
- Total payable: £26,995
- Mileage per year: 8000
- Representative APR: 0%
- Deal ends: 31 March 2025
BMW i4 deal for £699 a month with £3325 discount
The BMW i4 is a sporty, all-electric coupe that's genuinely great to drive and has a fantastic interior. An i4 eDrive40 in M Sport trim could be yours for £699 a month on a four-year deal, with a low APR of 3.9% and a sizeable BMW sales offer of £3325 to give you a hand.
Deposit: £10,079.89 (+ £3325.05 BMW deposit contribution)
Monthly payments: 47 x £699 (£32,853)
Optional final payment: £20,829.15
Total payable: £63,762.04
Mileage per year: 10,000
Representative APR: 3.9%
Deal ends: 31 March 2025
Mercedes EQA for £330 a month with 0% APR and £6500 deposit contribution
The Mercedes EQA features all the trademark Mercedes traits, including a quiet and comfortable drive and an excellent interior, albeit slightly compromised by a short range. Right now you can pick up a Mercedes EQA 250+ Sport Executive for £329.50 a month with 0% APR on a four-year deal, with that monthly payment kept in check thanks to a £6500 deposit contribution.
Deposit: £7584 (+ £6500 Mercedes deposit contribution)
Monthly payments: 48 x £329.50 (£15,816)
Optional final payment: £19,850
Total payable: £43,250
Mileage per year: 8000
Representative APR: 0%
Deal ends: 31 March 2025
Skoda Elroq for £290 a month with 0% APR and £3500 deposit contribution
The Skoda Elroq is the firm's latest EV and the smaller sibling to the Enyaq. The Elroq is perfect for small families, and boasts a great range, loads of interior space and is even pretty fun to drive. Despite the fact it's only just arrived in the UK, Skoda is offering an early bird £3500 deposit contribution and 0% APR. There's a generous 10,000-mile annual limit, too, and we're featuring the entry-level Elroq SE 50 here.
- Deposit: £5670.20 (+ £3500 Skoda deposit contribution)
- Monthly payments: 35 x £290.26 (£10,159.10)
- Optional final payment: £12,170.70
- Total payable: £31,500
- Mileage per year: 10,000
- Representative APR: 0%
- Deal ends: 31 March 2025
Hyundai Kona for £402 per month with 2.9% APR and £3000 deposit contribution
Although the Hyundai Kona Electric is more conventional looking than its Ioniq 5 and 6 siblings, it's actually Hyundai's best-selling electric car. It's comfortable and promises over 310 miles on a single battery charge. This feature-packed Advance spec car is on offer with 2.9% APR and a £3000 deposit contribution from Hyundai.
- Deposit: £3500 (+ £3000 Hyundai deposit contribution)
- Monthly payments: 48 x £401.53 (£19,273.44)
- Optional final payment: £11,580.05
- Total payable: £37,353.49
- Mileage per year: 10,000
- Representative APR: 2.9%
- Deal ends: 31 March 2025
Volvo EX30 for £430 per month with 2.9% APR, no deposit and up to £2000 deposit contribution
The Volvo EX30 is a compact and smartly designed small electric SUV with a design-conscious interior and a solid electric range. Volvo is currently offering all EX30 models with up to £2000 deposit contributions and no further customer deposit to pay, plus a low 2.9% APR, making it an affordable and striking option. We've chosen the cheapest EX30 Plus, which has a £1000 contribution.
- Deposit: £0 (+ £1000 Volvo deposit contribution)
- Monthly payments: 48 x £429.72 (£20,626.56)
- Optional final payment: £14,415.38
- Total payable: £35,541.94
- Mileage per year: 6000
- Representative APR: 2.9%
- Deal ends: 31 March 2025
Volkswagen ID.4 for £284 per month with 0% APR and £5100 deposit contribution
If you're looking for an electric car to be your household's only car, you could do worse than the Volkswagen ID.4. Its 349-mile range is plenty for all life's big trips, while the interior is spacious and the ride is comfortable. VW offers two deals on the ID.4. We're featuring the ID.4 Match with 0% APR over 36 months, while there also a 48-month deal at 7.9% APR with a smaller customer deposit, £399.90 monthly payments and a £6025 deposit contribution.
- Deposit: £9645 (+ £5100 Volkswagen deposit contribution)
- Monthly payments: 35 x £283.92 (£9937.20)
- Optional final payment: £13,897.80
- Total payable: £38,580
- Mileage per year: 10,000
- Representative APR: 0%
- Deal ends: 31 March 2025
Dacia Spring for £189 a month with 0% APR and £500 deposit contribution
The Dacia Spring is one of the most affordable electric vehicles on the market, and this latest deal gets you one for just £189 a month. Dacia is throwing in a £500 deposit contribution and 0% APR for the more powerful 65PS model in Expression trim. You also get a charging credit for the equivalent of 5000 free miles as part of the deal.
Deposit: £189 (+ £500 Dacia contribution)
Monthly payments: 48 x £189 (£9072)
Optional final payment: £6243
Total payable: £15,995
Mileage per year: 6000
Representative APR: 0%
Deal ends: 31 March 2025
Ford Explorer for £420 a month with 0% APR and £2000 deposit contribution
The Ford Explorer is an electric SUV with a decent range, fine handling and lots of equipment. In fact, it could easily be your only car. Right now, Ford offers two 0% APR deals over three and four years, attracting a £3000 and £2000 deposit contribution respectively. We've chosen an Explorer Premium which means those who can find the £7833 deposit, and £420 a month, won't pay a penny in interest over four years.
- Deposit: £7833 (+ £2000 Ford deposit contribution)
- Monthly payments: 48 x £419.65 (£20,143.20)
- Optional final payment: £16,099
- Total payable: £46,075
- Mileage per year: 9000
- Representative APR: 0%
- Deal ends: 31 March 2025
Electric Car PCP Deal FAQs
Electric car finance works just like other types of car finance. The most common type of electric car finance is PCP, or Personal Contract Purchase. Electric car HP, or hire purchase, is also popular.
Electric car finance helps make EVs more affordable by spreading the payments over several years. This offsets the fact electric cars sometimes have higher prices than petrol and diesel cars.
To help encourage new car buyers to make the switch, car manufacturers are increasingly offering competitive deals on EVs. This will help them meet their targets for selling a certain number of new electric cars, as part of the ZEV Mandate.
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