Electric Car Business Lease

14th March 2025

The Business Case for Electric Car Leasing

Electric Car Business Lease

Financial Efficiency: Lower Costs, Higher Returns

Electric car leasing via iCarLease eliminates the hefty upfront costs of purchasing EVs outright. For example, leasing a Tesla Model 3 Long Range through iCarLease starts at just £499/month + VAT, including maintenance and breakdown cover.

Compare this to competitors where similar packages often exclude servicing or charge premium rates for excess mileage.

Benefit-in-Kind (BIK) Tax Savings: EVs leased through iCarLease qualify for a 2% BIK rate until 2025, slashing employee tax liabilities. A £50,000 Tesla Model Y leased via iCarLease incurs just £40/month in BIK tax vs. £300+/month for a petrol equivalent.
OZEV Grants: iCarLease clients gain access to the UK’s Office for Zero Emission Vehicles (OZEV) grants, covering up to 75% of workplace charging station costs (capped at £350/socket).

Flexibility: Adapt to Technological Advancements

EV technology evolves rapidly. Leasing through iCarLease lets businesses upgrade to newer models every 2-4 years, avoiding depreciation risks.

For instance, transitioning from a Nissan Leaf (40 kWh) to the 2024 Leaf e+ (59 kWh) ensures access to improved range (168 vs. 239 miles) and faster charging (50 kW vs. 100 kW). Competitors often lock clients into rigid terms, but iCarLease offers customisable contracts with mid-term upgrade options.

iCarLease vs Competitors

Transparent Pricing, Zero Hidden Fees

Many providers bury costs in fine print. A 2023 study by Leasing.com found that 68% of business lessees faced unexpected charges for excess mileage or tyre wear. iCarLease eliminates this with all-inclusive packages:

Complete Maintenance Plans: Covers servicing, tyres, and brakes.
Roadside Assistance: 24/7 UK coverage, the length and provider of which will vary depending on the manufacturer.

Exclusive Manufacturer Relationships

iCarLease partners directly with brands securing preferential rates. For example, a BMW i4 M50 leased via iCarLease costs £689/month vs. £739/month through rivals. These partnerships also ensure priority delivery slots - critical for businesses needing EVs swiftly.

The iCarLease Process - Simplicity Redefined

Tailored Consultations

Your journey begins with a free consultation with iCarLease’s EV specialists. They analyse your business’s mileage patterns, charging infrastructure, and budget to recommend optimal models. For instance, a delivery company covering 30,000 miles/year might benefit from the Hyundai Ioniq 5 (77 kWh) with its 315-mile range and ultra-fast 220 kW charging.

Seamless Ordering & Delivery

Once your choice is finalised, iCarLease handles everything from registration to arranging home/workplace chargers via certified installers like 24/7. Most vehicles arrive within 4-6 weeks, far quicker than the 12-week industry average.

Why iCarLease Should Be Your First Choice

In a crowded market, iCarLease distinguishes itself through customer-centric innovation, cost transparency, and sustainability leadership. While competitors offer generic solutions, iCarLease delivers:

Stress-Free Experience: Dedicated account managers and support.
Regulatory Compliance: Stay ahead of Clean Air Zone (CAZ) and ULEZ standards.

🔌 Ready to find out more?

For businesses ready to embrace the electric future, Visit iCarLease today to explore tailored leasing solutions and join the 4,000+ UK businesses already powering their success with iCarLease.

Leasing eliminates upfront costs (e.g., a £40,000 Tesla Model Y requires a £0 deposit with iCarLease), preserves cash flow, and ensures access to the latest EV technology. Businesses also avoid depreciation risks, as iCarLease allows upgrades every 2-4 years.

EVs leased through iCarLease qualify for a 2% Benefit-in-Kind (BIK) tax rate until 2025, compared to 20-37% for petrol/diesel cars. For example, a £50,000 Audi Q4 e-tron incurs just £25/month BIK tax per employee vs. £250+ for a diesel equivalent.

TCO includes lease payments, charging costs, insurance, and maintenance. iCarLease simplifies this with all-inclusive packages, reducing TCO by 30% vs. competitors. Use their online TCO calculator to compare models like the Hyundai Ioniq 5 vs. Volkswagen ID.4.

iCarLease partners with Pod Point and EO Charging to install workplace chargers, often funded by OZEV grants (up to £350/socket). Fast 50-150 kW chargers are recommended for depots, while employees can use home chargers via salary sacrifice schemes.

Yes. EVs have fewer moving parts - no oil changes or exhaust systems. iCarLease includes full maintenance packages covering tyres, brakes, and software updates. For example, servicing a BMW i4 costs 40% less than servicing a BMW 3 Series petrol model.

If a lease vehicle has been declared a ‘total loss’ – i.e. written off or stolen – we need to be made aware as soon as possible. Your finance provider will require written confirmation from your insurance company that the vehicle is a total loss before providing an amount for settlement of the vehicle contract.

It’s worth noting that your finance provider will not enter negotiations with your insurance company, you will need to do this. Also, you should be aware that the insurance value of the vehicle may not always cover the value which is outstanding on the lease

iCarLease leverages direct partnerships with Tesla, Polestar, and Mercedes-Benz to secure 4-6 week deliveries, vs. the 12-week industry average. Urgent orders (e.g., Ford Mustang Mach-E) can be prioritised.

Yes. iCarLease offers electric vans like the Ford E-Transit (196-mile range) and Renault Master E-Tech, which are ideal for last-mile logistics. These qualify for the same OZEV grants and 100% First-Year Allowance tax relief.

iCarLease offers 24-48 month terms, with early termination options for evolving business needs. Competitors like LeasePlan typically enforce rigid 36-month contracts.

EVs leased through iCarLease are CAZ and ULEZ-exempt, avoiding daily fees up to £12.50 (London) or £8 (Birmingham). The company also provides compliance reports for multi-city fleets.

The plan covers:

Scheduled servicing
Tyre replacements (including wear and tear)
Brake pad repairs
24/7 roadside assistance
Software updates for battery management

iCarLease handles the entire application, securing up to £14,000 (£350 x 40 sockets) for depot installations. Competitors like Zenith require clients to self-apply.

iCarLease offsets 100% of your fleet’s emissions via reforestation projects. A 10-vehicle fleet reduces CO2 by ~50 tonnes/year vs. diesel equivalents.

iCarLease recommends long-range models like the Kia EV6 (328 miles) or Tesla Model S (405 miles). For high-mileage fleets, they design routes around rapid charging hubs (e.g., Ionity, Gridserve).

Drive away with your dream car today Discover business lease at iCarLease

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