Monday to Friday
9am - 12.30pm - 2pm - 7pm
What are the monthly payments?
One of the main questions we ask when we plan to take out an electric car leasing contract is how much it will cost us each month. This will depend on a number of criteria:
- the price of the car : the monthly rent for a small electric city car such as a Citroën ë-C3 (€405/month for a full service lease) will not be the same as an Electric SUV as the Tesla Model Y Grande Autonomy Propulsion (€566/month for a long-term lease),
- the duration of the contract : it can vary from 1 to 5 years depending on the contract chosen (LOA or LLD),
- annual mileage : the higher the annual mileage offered by the leasing company, the higher the monthly repayments,
- the security deposit : used to cover certain risks associated with leasing (damage, excess mileage, non-payment),
- maintenance and repair costs : They include servicing, spare parts, labour and repairs.
How much is the security deposit?
Set by the leasing company, the deposit represents 10 to 20 % of the purchase price of the vehicle. electric vehicle. It is paid at the start of the leasing contract. Its recovery depends on a number of conditions, including good maintenance of the car, compliance with the annual mileage and the absence of major damage.
For example, for an electric car worth €50,000 with a deposit of 15 % (€7,500), these requirements will allow the deposit to be refunded in full. Otherwise, a partial or complete reduction of this amount is likely.
What are the maintenance and repair costs?
Maintenance and repair costs include servicing, spare parts, labour and repairs in the event of breakdowns or accidents, and vary according to the age and mileage of the vehicle.
These costs are lower than for an equivalent internal combustion car, because it requires less maintenance and repairs. The amount varies from €100 to €200 maximum.
Thanks to its electrical design, less frequent mechanical servicing (no oil change, fewer moving parts subject to wear and tear), for a greater efficiency. Tesla Model 3 leased over 3 years, the cost will be around €600.
What is the duration of the contract?
The length of a contract fixed by an electric car leasing company varies between 24 and 72 months, with an average of 36 months. A shorter contract will be more beneficial in terms of monthly payments, but the lessee will get less out of the leased electric vehicle. A longer contract will be more expensive, but will allow the lessee to amortise the total cost of the lease.
In France, a Hire with Purchase Option contract is limited to 72 months, but for the Long-term rentalThere is no limit to the length of the lease, but it is governed by certain conditions (duration, annual mileage, insurance, maintenance, etc.).
| Contrat de 24 mois | Contrat de 72 mois | |
|---|---|---|
Benefits | ||
More flexibility | Lower monthly costs | |
Less long-term commitment | Amortisation of initial cost | |
Rapid return on investment | Possibility of changing electric vehicles | |
Disadvantages | ||
Higher monthly costs | Long-term commitment | |
Less amortisation of initial cost | Wear and tear and depreciation of the vehicle | |
Possibility of high return costs in the event of damage or excess mileage | Risk of high return costs in the event of damage or excess mileage |
Which mileage package is right for me?
It is important to select a leasing mileage package that reflects the actual use you will make of your electric vehicle. Choosing a lower mileage limit to reduce costs can lead to higher costs if you exceed this limit. These will generally be charged at between 5 and 20 centimes per kilometre exceeded. An accurate assessment of the number of kilometres you plan to drive each year is therefore essential to prevent unforeseen expenses.
What are the cancellation conditions?
The conditions for early termination are set by the leasing company itself. In all cases, they are detrimental to the lessee, as they force him or her to :
- pay a termination fee (generally representing 8 % of unpaid rent),
- return the vehicle in a very good state of repair and maintenance (no trace of rough wear),
- comply with the annual mileage limit.
In certain exceptional cases, such as a death, a professional transfer (to a location over50 km from their home) or the loss of their driving licence, the hirer will not have to pay any compensation.
How long does the manufacturer's warranty last?
The manufacturer's warranty is compulsory for all leased electric vehicles. The aim of this cover is to protect the purchaser against any hidden defects. It also guarantees that the manufacturer will cover all the costs of parts and labour in the event of a manufacturing defect in the vehicle.
The electric vehicle manufacturers as Renault electric generally offer a 2-year guarantee, and even up to three years for Japanese or Korean brands such as Honda electric or Kia electric.
What additional cover is available?
To provide more comprehensive protection for tenants, additional guarantees can also be offered:
- all-inclusive insurance This offer includes insurance, maintenance and assistance, so you can control your budget with an all-inclusive monthly payment,
- comprehensive insurance This covers damage to the electrical network during charging, and also includes a replacement guarantee for the battery. battery in the event of a claim (accident or breakdown) if not covered by the battery rental contract.
What are the insurance terms and conditions?
Insurance is an essential part of leasing an electric car, covering damage to the vehicle itself, third parties and the lessee in the event of an accident. There are various types of insurance.
Civil liability cover
It covers damage caused to third parties in the event of an accident, including bodily injury, property damage and consequential loss. Third-party liability cover is compulsory for all electric cars, whether leased or not.
All-accident damage cover
Although not compulsory, comprehensive cover is highly recommended. It covers all damage to the electric vehicle, whether caused by the driver or a third party.
Glass breakage guarantee
Glass breakage cover is optional, but very useful. It covers all the costs involved in repairing or replacing the electric car's glazing (side windows, rear window, windscreen).
Theft and assistance cover
Theft cover is also optional, but recommended by many leasing companies. It covers theft of your car, including the radio, spare wheel and accessories. It also helps to avoid towing and assistance costs in the event of a breakdown or accident.
How will leasing an electric car be taxed in 2025?
Leasing an electric car is an attractive alternative, because it allows you to change models frequently without having to pay a large sum in advance. What's more, leasing an electric car is highly tax-efficient in France.
Government incentives
Le environmental bonus is a scheme enabling drivers to obtain a discount on the purchase price of their next vehicle. All electric cars are eligible for this incentive.
That said, the amount of the environmental bonus in 2025 is 4,000 for the most modest householdsor between €2,000 and €3,000 according to your reference tax income per unit (RFR/P).
For further information : Finance Bill 2025: changes for electric vehicles
Unfortunately, the conversion premium no longer available for 2025but you can still aspire to regional aid for electric cars depending on where you live.
Finally, the social leasing will be renewed in the second half of 2025So you can buy an electric car for less!
Tax benefits
La annual tax on CO2 emissions and the annual seniority tax are taxes on company vehicles. It is calculated according to the engine power and CO2 emissions of the vehicle. Electric vehicles are fully exempt from these two taxes (formerly company car tax).
What's more, electric car leasing payments are deductible from business income. Leasing costs can be deducted from business income before tax is calculated, thereby reducing the tax base. This deduction can help to reduce the amount of tax payable.
To sum up, leasing an electric car benefits from tax breaks such as the ecological bonus, the conversion premium, exemption from TVS and the deductibility of lease payments from business income.
Read also → Taxation, benefits and depreciation of electric cars
Conclusion
Before taking out an electric vehicle leasing contract, it's important to find out about the various offers available. By taking the time to compare prices, options and conditions, you can find the contract that best suits your needs.
For more information, we've put together a guide to this topic to explore the different aspects in depth:
Read our article about :
Ready to take the plunge? Contact our experts Beev if you have any questions. We'll get back to you within the hour.
