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Electric Car Finance

We’re guessing you’re here because you’ve decided it’s time to go electric or hybrid. It totally makes sense. 

With so many options and so many price brackets, it can feel like a bit of a nightmare trying to figure out the right way to get your dream car.

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electric car finance

If you’re looking to get approval for an electric car loan, our simple soft-search will speed you through the process without risking your credit rating.

Representative APR of 27.9%

Use our electric car finance calculator

 

Representative Finance Example:

Borrowing £7,500 over 4 years with a representative APR of 27.9%, an annual interest rate of 27.9% (Fixed) and no deposit, the amount repayable would be £244.77 per month, and total cost of credit would be £4,248.96 and the total amount payable would be £11,748.97*

*Your rate may differ from the above illustration due to your individual circumstances. All credit subject to status.

We are a broker, not a lender.

Electric car finance is a viable option that is highly likely to put the power of choice firmly into your hands. 

We’re all about putting you behind the wheel of your ideal electric car as quickly and simply as we can. If you’re tired of lengthy forms and confusing offers, you’ve come to the right place. 

So, stop worrying about having to negotiate and haggle your way through a multitude of lenders and dealerships. Simply tell us a little bit about yourself and we’ll get you in the driver’s seat in no time.

Check out our electric car finance calculator to see what your monthly repayments will be, let us know how much you would like to borrow and for how long, we’ll do the rest. 

Apply for electric car finance

Representative Finance Example:

Borrowing £7,500 over 4 years with a representative APR of 27.9%, an annual interest rate of 27.9% (Fixed) and no deposit, the amount repayable would be £244.77 per month, and total cost of credit would be £4,248.96 and the total amount payable would be £11,748.97*

*Your rate may differ from the above illustration due to your individual circumstances. All credit subject to status.

We are a broker, not a lender.

How can you be sure Carvine is the best way to go about electric car financing?

The answer, like our application process, is simple: we’re a broker, not a lender. 

That means it’s our business to find our customers the best possible deal on the entire marketplace. 

What is electric car finance?

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Representative APR of 27.9%

For so many people, the dream of owning an electric car feels far away. An electric car loan makes the dream a reality by putting money in your hands up-front to buy the perfect car. You then pay back at an affordable monthly rate. 

Buying a car is likely to be one of the biggest purchases of your lifetime. Some people pay cash outright, if you’re that person we applaud you however, for most of us that’s not an option. Just like getting a mortgage, electric car financing gives more people access to car ownership than ever. 

Not only is finance about putting the money into your hands but, getting an electric car loan gives you the buying power of cash. We’re on your side and it’s in our best interest for you to come out of this with the best possible car money can buy. 

Let’s break down the process: 

We find you the best lender for your unique situation. We handle the process of getting you the cash ASAP. 

Then a tri-party agreement is made between you, the lender and the dealership. 

The lender will pay the fee outright to the dealership. You then make a plan to repay the loan with the lender. 

In a nutshell, that’s how electric car loans work. 

How does our electric car finance process work?

With our simple 3-step process, getting on the road in your new electric car couldn’t be simpler. All you have to do is:

  1. Give us a few details about yourself
  2. Get Approved
  3. Buy Your Car

We will do the rest. 

While you are browsing for your next purchase, we will perform a soft search on your credit file. Your credit score will not be affected, and any other interested parties will not be able to see our search. 

As soon as your application is approved, you are free to buy your dream electric car. 

A bit about us

As a reputable car finance broker, we make it our mission to find you the best deal on the market and get your electric car loan approved effortlessly. 

We want your experience to be relaxed, efficient and affordable. As such, we do not charge any admin fees. 

With our extensive network of lenders and respectable car dealers, we work to find you the best deal to suit your budget.

You aren’t alone.

Electric Car Finance Frequently Asked Questions

Our team is ready and waiting to give you as much or as little support you need. Not only will we assist you throughout the electric car loan process, but we are also happy to help you track down your dream vehicle too. 

My credit history doesn’t look good, will my electric car loan be accepted?

We put the human experience at the heart of what we do. 

We completely understand that, for lots of people, they are worried about their credit score. 

It may be that you’re self employed or that it’s your first time taking out credit. We understand that you may have had trouble paying off a loan in the past or even been through the process of CCJ’s. 

We’re not here to judge. We truly believe a bad credit history shouldn’t get in your way. 

We’re far more interested in what you can realistically afford to pay back. Providing you can afford the repayments, there’s a strong chance you’ll be approved. 

As a responsible company, we can’t promise approval 100% of the time but, we can reassure you that, if you come to us knowing you can afford the repayments, you’ll likely walk away with finance. 

I’m worried about my credit score if I am rejected. 

First off, just looking at getting electric car finance will not affect your credit score. 

At Carvine, we will only ever use a soft search to link you to your credit file, causing no damage to your credit score. 

All we’re interested in is verifying your current address, and if you can afford to pay back your electric car loan. 

We’re not interested in your credit history. It’s in the past for a reason!

The results of our soft search will tell us straight away if you can afford the proposed repayments. And voila! If you can afford it, your application will be approved. 

If the soft search reveals that you will struggle to make repayments, you may need to reconsider the amount you would like to borrow. 

Before making an application, think about what you know you can afford, the electric car you would like to purchase and your desired outcome. The rest is in the bag!

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Representative APR of 27.9%

How quickly can I get my electric car?

From the moment you hit our apply button to getting your electric car loan approved can literally take minutes. If you’re at the dealership, it’s not unreasonable to expect to drive off with your car today. 

Of course, every individual is different but, Carvine customers typically experience an accelerated turnaround from application to driving off the forecourt. 

No-one understands how essential getting on the road is better than us! Quick, convenient and efficient, we will get you on the road in no time. 

Can I buy a better electric car with finance?

Affording a brand new electric car without an electric car loan is impossible for most of us.

Having your ideal model in mind, as well as budgeting ahead of your purchase will open up a broader range of electric vehicles for you to buy. 

You know how much you can afford to pay back monthly, so keep this in mind when shopping around. 

Carvine will put spending power in your hands. Often, you’re likely to get a better deal using our services than you would trawling through lenders and dealerships elsewhere. 

Do I have to buy my electric car from a specific dealership?

In a word, no. 

As long as you shop with a reputable dealership, you can shop anywhere. 

If you need a spot of help, Carvine can point you in the right direction. 

We are happy to provide you with a list of quality dealerships that not only offer excellent service but will support you with aftercare if required. 

Can you help me find an electric car?

At Carvine, we understand the car market, and we know how people tick. We are always happy to help you source your dream vehicle if you can’t quite find the right one by yourself. 

With the electric car market growing rapidly, the choices available may feel overwhelming at first glance. That’s where we come in. Removing the stress and boosting your buying confidence at the same time. 

What if my electric car loan application gets rejected?

Life throws us all lemons at times. 

Having a history of poor credit and rejection can make the best of us feel anxious about being accepted later on in life. 

We have bad credit car finance options available for this reason. 

Affording your repayments is all that matters when getting an electric car loan. Your credit history doesn’t even come into it as far as we’re concerned. 

With our excellent electric car finance success rate, having a non-existent or poor credit history won’t stop us finding you the best electric car finance options on the market. Once your finances are verified and approved, away you go. That’s it!

Haven’t quite found the answer you were looking for?

If our list of the top frequently asked questions above didn’t quite cut it, take a look at some of our other FAQ’s here. 

Still haven’t found the answer you were looking for? Feel free to get in touch with us. Providing you with excellent customer care is our priority.

carvine trustpilot

Representative APR of 27.9%

COVID 19 — We are open for business as usual. We are now offering free home delivery on selected car choices. Apply for finance, choose your car and complete your purchase online. Your car will be delivered to your door free of charge and will also include 12 months warranty.