Financing electric cars: the essential guide

financement voiture électrique

With the rise of electric vehicles More and more consumers are looking for ways to finance this investment. Whether it's a company looking to green its fleet or a private individual attracted by energy savings, financing electric cars is a major issue in 2024. Between government incentives, reduced-rate loans and various leasing options, the acquisition of an electric car can be facilitated in a number of ways.

 

Electric cars are no longer just a futuristic option, they are becoming the norm in many countries. In France, sales have soared (+45 % in 2023), and this trend is set to continue with the arrival of new financial incentives. Governments, sensitive to environmental issues, are multiplying subsidies and incentives to encourage this transition to greener mobility. 

 

In this round-up of our previously published articles, we'll explore all aspects of electric car financing, from financial support for businesses, to the hidden costs of leasing, to best practice in avoiding common contractual mistakes. You'll also discover flexible solutions tailored to your needs. 

Table of contents

Find your future electric vehicle or charging point

BMW iX2 eDrive20

List price

46 990 €

(excluding bonuses)

Lease from

453 €

Per month, with no deposit for professionals

Range (WLTP) : 478 km

Acceleration (0 to 100 km/h): 8.6 sec

Fast charge (from 20 to 80%) : 30 minutes

Cupra Tavascan VZ

List price

46 990 €

(excluding bonuses)

Lease from

602 €

Per month, with no deposit for professionals

Range (WLTP) : 517 km

Acceleration (0 to 100 km/h): 5.6 sec

Fast charge (from 20 to 80%) : 28 min

VinFast VF 8 Plus Extended Range

List price

51 490 €

(excluding bonuses)

Lease from

473 €

Per month, with no deposit for professionals

Range (WLTP) : 447 km

Acceleration (0 to 100 km/h): 5.5 sec

Fast charge (from 20 to 80%) : 32 min

Mini Countryman E

List price

41 330 €

(excluding bonuses)

Lease from

564 €

Per month, with no deposit for professionals

Range (WLTP) : 462 km

Acceleration (0 to 100 km/h): 8.6 sec

Fast charge (from 20 to 80%) : 29 min

fiat e ducato profil

Fiat E-Ducato 79 kWh

List price

63 240 €

(excluding bonuses)

Lease from

988 €

Per month, with no deposit for professionals

Range (WLTP) : 283 km

Fast charge (from 20 to 80%) : 78 min

fiat e scudo profil

Fiat E-Scudo 50 kWh

List price

0 €

(excluding bonuses)

Lease from

645 €

Per month, with no deposit for professionals

Range (WLTP) : 220 km

Acceleration (0 to 100 km/h): 12.1 sec

Fast charge (from 20 to 80%) : 26 min

mercedes esprinter fourgon gris

Mercedes eSprinter Van 35 kWh

List price

75 972 €

(excluding bonuses)

Lease from

655 €

Per month, with no deposit for professionals

Range (WLTP) : 153 km

Acceleration (0 to 100 km/h): 11 sec

Fast charge (from 20 to 80%) : 26 min

citroen e berlingo van 3/4

Citroën ë-Berlingo Van 50 kWh

List price

40 440 €

(excluding bonuses)

Lease from

599 €

Per month, with no deposit for professionals

Range (WLTP) : 275 km

Acceleration (0 to 100 km/h): 9.7 sec

Fast charge (from 20 to 80%) : 26 min

Hyundai Inster Standard Range

List price

25 000 €

(excluding bonuses)

Lease from

298 €

Per month, with no deposit for professionals

Range (WLTP) : 300 km

Acceleration (0 to 100 km/h): 11.7 sec

Fast charge (from 20 to 80%) : 29 min

Opel Frontera 44 kWh

List price

29 000 €

(excluding bonuses)

Lease from

491 €

Per month, with no deposit for professionals

Range (WLTP) : 305 km

Acceleration (0 to 100 km/h): 12.1 sec

Fast charge (from 20 to 80%) : 32 min

Alpine A290 Electric 180 hp

List price

38 700 €

(excluding bonuses)

Lease from

630 €

Per month, with no deposit for professionals

Range (WLTP) : 380 km

Acceleration (0 to 100 km/h): 7.4 sec

Fast charge (from 20 to 80%) : 33 min

Fiat Grande Panda 44 kWh

List price

24 900 €

(excluding bonuses)

Lease from

430 €

Per month, with no deposit for professionals

Range (WLTP) : 320 km

Acceleration (0 to 100 km/h): 12 sec

Fast charge (from 20 to 80%) : 32 min

BMW i5 Touring eDrive40

List price

0 €

(excluding bonuses)

Lease from

890 €

Per month, with no deposit for professionals

Range (WLTP) : 560 km

Acceleration (0 to 100 km/h): 6.1 sec

Fast charge (from 20 to 80%) : 26 min

Tesla Model 3 Long Range Powertrain

List price

44 990 €

(excluding bonuses)

Lease from

587 €

Per month, with no deposit for professionals

Range (WLTP) : 702 km

Acceleration (0 to 100 km/h): 5.3 sec

Fast charge (from 20 to 80%) : 20 min

Mercedes EQE 300

List price

69 900 €

(excluding bonuses)

Lease from

0 €

Per month, with no deposit for professionals

Range (WLTP) : 647 km

Acceleration (0 to 100 km/h): 7.3 sec

Fast charge (from 20 to 80%) : 33 min

BMW i4 eDrive35

List price

57 550 €

(excluding bonuses)

Lease from

607 €

Per month, with no deposit for professionals

Range (WLTP) : 483 km

Acceleration (0 to 100 km/h): 6 sec

Fast charge (from 20 to 80%) : 32 min

Renault 4 E-Tech 40kWh 120hp

List price

29 990 €

(excluding bonuses)

Lease from

448 €

Per month, with no deposit for professionals

Range (WLTP) : 322 km

Acceleration (0 to 100 km/h): 9.2 sec

Fast charge (from 20 to 80%) : 32 min

Citroën ë-C4 54 kWh

List price

35 800 €

(excluding bonuses)

Lease from

0 €

Per month, with no deposit for professionals

Range (WLTP) : 415 km

Acceleration (0 to 100 km/h): 10 sec

Fast charge (from 20 to 80%) : 29 min

Volvo EX30 Single Motor ER

List price

43 300 €

(excluding bonuses)

Lease from

436 €

Per month, with no deposit for professionals

Range (WLTP) : 480 km

Acceleration (0 to 100 km/h): 5.3 sec

Fast charge (from 20 to 80%) : 28 min

Volkswagen iD.3 Pro S

List price

42 990 €

(excluding bonuses)

Lease from

0 €

Per month, with no deposit for professionals

Range (WLTP) : 549 km

Acceleration (0 to 100 km/h): 7.9 sec

Fast charge (from 20 to 80%) : 30 minutes

Make the switch to electric cars with peace of mind: our experts can guide you!

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Financial support: an essential lever for companies to purchase an electric car

In 2024, French companies will benefit from a number of financial incentives to support the purchase or leasing of electric vehicles. The aim of this aid is to reducecarbon footprint fleets while facilitating access to electric mobility.

The main financial assistance available

  1. Le environmental bonus :
    • This bonus is capped at 4 000 € for companies buying or leasing new electric vehicles.
    • The bonus can be increased by 1 000 € for companies located in the French overseas departments and territories (DOM-TOM).
  1. La conversion premium :
    • Companies can obtain up to 5 000 € for the purchase of a new or used electric vehicle by scrapping an old one thermal vehicle.
    • An additional premium of 1 000 € is granted to companies located in an EPZ. This surcharge can be up to 3 000 € if similar aid is granted by a local authority.
  2. Exemption from TVS (Tax on Company Vehicles) :
    • Companies are exempt from TVS for all the electric vehicles they own. This represents substantial savings, particularly for large fleets.

Conditions for receiving aid

Companies must meet certain criteria to qualify for this aid. The vehicle must be :

  • new,
  • registered in France,
  • and run exclusively on electricity.

In addition, the company may not sell or transfer the vehicle for one year or until it has travelled at least 6,000 km. The company must also have an establishment in France, and the scrapped vehicle must meet the specific conditions set out in the regulations on the conversion premium.

Why is this aid crucial?

These systems enable :

  • reduce acquisition costs,
  • optimise operating costs,
  • and encourage the ecological transition

Thanks to available subsidies such as the ecological bonus and the conversion premium, as well as tax exemptions, companies have a unique opportunity to reduce their costs while adopting greener mobility. These subsidies facilitate the transition to electric fleets, while meeting the growing demands of environmental responsibility.

Mistakes to avoid when leasing electric cars for your company

Le electric car leasing is a financially advantageous option for businesses, but it's important to be aware of the potential pitfalls. Here are the most common mistakes to avoid when taking out a leasing contract.

Underestimating mileage

Leasing contracts stipulate an annual mileage limit. If this limit is exceeded, penalties may apply, often charged on a per-kilometre basis. So it's vital to assess your mileage requirements correctly from the outset.

Ignore early termination fees

Terminating a leasing contract before the end of its term can result in very high cancellation charges. These costs are calculated on the basis of the remaining term and the terms and conditions of the vehicle. So it's vital to be aware of these conditions before signing.

Do not include maintenance costs

Even though electric vehicles require less maintenance than internal combustion vehicles, servicing is still necessary. Not including these costs in your contract can lead to unforeseen additional costs.

Neglecting the conditions of return

The conditions for returning vehicles at the end of the contract are strict. The slightest damage can result in significant repair costs. To avoid any surprises, we recommend that you carry out an accurate inventory of the vehicle on arrival and on return.

Add too many expensive options

Adding options such as maintenance or extended warranties may seem useful, but some options may turn out to be more expensive than anticipated. It's important to assess whether these services are really necessary for your business.

Not comparing offers

Leasing offers vary considerably from one provider to another. Costs, services included and conditions may differ. It's essential to compare several quotes to find the best deal for your needs.

Leasing is a flexible and financially attractive solution for businesses, but to take full advantage of it, it's essential to avoid these common mistakes. For more details and additional information, don't hesitate to read our full article, which will guide you in taking out the best leasing contract for your fleet of electric vehicles.

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The hidden costs of leasing electric cars

The leasing of electric cars, whether in lease with purchase option (LOA) or long-term rental (long-term leasing), is attracting more and more businesses and private individuals. However, behind the attractive monthly payments often lie additional costs that it is crucial to be aware of before signing a contract.

 

First of all, although the monthly instalments may seem low, the disposal fee is a cost that is often overlooked. These costs are invoiced at the end of the contract if you choose not to purchase the vehicle under a leasing contract or if you return the vehicle under a long-term leasing contract. They cover inspections, vehicle reconditioning and administrative formalities. These costs can vary considerably, between €150 and €500 depending on the service provider.

 

In addition to these costs, there are transfer charges, which apply if you do not collect the vehicle directly from the manufacturer. This can cost up to €500, depending on the distance and the service provider.

 

Secondly, comprehensive insurance is generally compulsory. This costs an average of €822 a year in France. Some leasing companies offer 'all-inclusive' contracts that include insurance, but this significantly increases the monthly payments. It's important to compare offers carefully to avoid unnecessary costs.

 

Another cost that is often overlooked is the cost of recharging. Although these costs are not directly linked to the lease, they are borne by the lessee and depend on fluctuating electricity prices. These costs vary depending on the type of charging point used, making the overall leasing budget more difficult to predict.

 

Lastly, the ecological bonus, worth up to €5,000 in 2024, can reduce the initial costs, provided the leasing contract lasts at least 24 months. However, it is important to check that the vehicles chosen meet the eligibility criteria for this assistance.

While leasing electric cars offers flexibility and simplified management, it is essential to anticipate the hidden costs to avoid financial surprises. For more details on these costs and how to minimise them, read our full article on the subject.

Leasing an electric car with a purchase option

La LOA is an increasingly popular financing solution for acquiring an electric vehicle. This contract allows the user to lease a vehicle for a fixed period, generally between 24 and 60 months, with the option of buying it at the end of the contract. This option offers both flexibility and control over the budget.

By choosing a LOA, the lessee pays monthly rental payments that are often lower than those for a conventional loan. The amount of these payments is calculated according to the length of the contract, the annual mileage and the initial price of the vehicle. At the start of the contract, an initial premium rent is often required, representing between 0 % and 30 % of the price of the vehicle. It is possible to benefit from a guarantee deposit, which can be deducted from the final amount if the vehicle is purchased.

One of the main advantages of the LOA is the flexibility. At the end of the contract, you have the choice of buying the vehicle or returning it, without having to worry about resale or discounting. This means you can renew your vehicle on a regular basis and benefit from the latest technological innovations, which is particularly interesting for electric cars, which are constantly evolving.

However, the LOA also includes constraints. For example, the contract often imposes mileage limits. Exceeding this limit can lead to high additional charges. What's more, if you choose to return the vehicle, it must be in perfect condition, otherwise you will have to pay to have it repaired. Finally, the overall cost of a LOA can be higher than a traditional loan, especially if the purchase option is exercised.

 

Key points to check before taking out an LOA :

 

  • mileageTo avoid additional costs, choose a contract that suits your driving habits.
  • insurance and maintenanceThese services can be offered as optional extras, but they add to the overall cost.

In short, the LOA offers a flexible and controlled financing option for electric cars, ideal for those who want to test a vehicle before buying it or simply renew their fleet on a regular basis.

Find out about your financial aid with our simulator!
Need to find out about financial assistance for buying an electric vehicle? Use our project simulator to find out about your subsidies to reduce the cost of electric vehicles.

Long-term leasing for electric cars

Leasing is a fast-growing financing solution for electric cars, popular with private individuals, businesses and even the self-employed. This method of financing involves leasing a vehicle for a set period, generally between 24 and 60 months, with no purchase option at the end of the contract.

Unlike the LOA, where a buy-back is possible, the LLD allows you to return the vehicle at the end of the contract without worrying about its resale or depreciation.

One of the main advantages of long-term leasing is the budget control. Monthly rentals are fixed and often include services such as maintenance, insurance and sometimes even assistance. This formula allows you to drive around in a new car, while avoiding the financial constraints associated with buying or owning a vehicle.

In terms of costs, there are several factors that influence the amount of the monthly instalments:

  • Le initial price of the vehicleand the chosen mileage.
  • The services included in the contractsuch as maintenance and repairs.

Long-term leasing contracts are attractive, with offers of less than €200 per month for models such as the Dacia Spring or the Renault Zoé e-TechThese rates often include a higher initial rental charge. For example, the Renault Zoé can be leased for €169 per month over 36 months, with an initial rental charge of €9,500.

In addition to the financial advantages, long-term leasing allows you to change vehicles regularly. At the end of the contract, you can simply return the vehicle and opt for a more recent model - a plus for electric car enthusiasts, whose technologies are evolving rapidly.

 

A few points to remember before taking out a long-term hire contract :

 

  • Insurance, maintenance and assistance may be included in the monthly payments, but it's important to check the exact conditions to avoid unpleasant surprises.
  • Exceeding the mileage limit may result in additional charges. Make sure you choose a contract that suits your needs.

In short, leasing is an attractive option for those who want access to an electric car without the responsibilities of ownership. This type of financing offers flexibility, budget control and the ability to drive regularly with recent vehicles while benefiting from the latest innovations.

Read our article about :

Electric car leasing: LOA or LLD?

Leasing has become an increasingly popular solution for financing the purchase of an electric car. There are two different types of contract: leasing with an option to buy (LOA) and long-term leasing (LLD). These two options have their own specific features, each offering advantages depending on the user's needs.

 

The LOA allows you to lease a vehicle for a set period (usually between 2 and 5 years), with the option of buying it back at the end of the contract. This option is ideal for people who want to test drive a vehicle before deciding whether they want to own it. On the other hand, it often involves an initial deposit and monthly payments calculated according to the length of the contract and mileage.

 

Leasing, on the other hand, does not allow you to buy the vehicle at the end of the contract. It is designed for users who prefer to change cars regularly without worrying about resale. In general, leasing includes maintenance, assistance and other services in the monthly payments, giving you greater control over your overall budget..

Conclusion

The leasing of electric cars, whether they be LOA or LLDThis is an attractive opportunity for companies and individuals who want to adopt more sustainable mobility while keeping their costs under control. These financing options allow you to benefit from recent vehicles, often accompanied by services such as maintenance and assistance, while offering flexibility and financial security. By choosing the contract that's right for you, you're not only optimising your outgoings, you're also playing an active part in the energy transition.

However, understanding the subtleties of each option and assessing your needs in terms of mileage, maintenance and vehicle management are crucial to making an informed choice. Taking the time to learn about the advantages and disadvantages of leasing will help you avoid additional costs and maximise the benefits of your lease.

Are you convinced of the benefits of electric vehicles for your business and looking for a reliable partner to help you make the transition? Beev is the solution for you! Contact our experts now to get a free quote and find out about our tailor-made offers.

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Adrien-Maxime MENSAH

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