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Hire Purchase (HP) · Volvo

Electric Volvo HP

Own your EV at the end — straightforward financing

HP spreads the full cost of the car across fixed monthly instalments. You own the car outright once the final payment is made. There is no mileage limit and no balloon payment.

UK tax for electric cars

In the UK, company-car EVs attract just 2% Benefit-in-Kind (BiK) tax in 2024–25, rising gradually to 5% by 2027–28. Combined with salary sacrifice and VED exemptions, business EV leasing is significantly more tax-efficient than an equivalent petrol or diesel car. Rules change annually — we calculate the most cost-effective option for you free of charge.

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Models

Volvo · Electric cars

All finance options
Hire Purchase (HP)

Which option suits you?

Advantages

  • Full ownership after final payment
  • No mileage limits
  • Fixed monthly payments, clear end date

Watch out for

  • Higher monthly payments than PCP
  • You carry the depreciation risk
  • Car cannot be sold until fully paid
Comparison

Volvo Electric cars compared

ModelRangeBatteryRapid charging0–100
Volvo EC40356 miles79 kWh200 kW7.3s
Volvo ES90435 miles106 kWh350 kW5.5s
Volvo EX30298 miles64 kWh153 kW5.3s
Volvo EX40356 miles79 kWh200 kW7.3s
Volvo EX90381 miles107 kWh250 kW5.9s
Our services

Everything for your electric mobility

Personal Contract Hire (PCH) · Personal

Drive a new EV for a fixed monthly payment — no ownership worries

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Personal Contract Purchase (PCP) · Personal

Option to buy at the end — or simply hand it back

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Hire Purchase (HP) · Personal

Own your EV at the end — straightforward financing

View →

Business Contract Hire (BCH) · Business

Tax-efficient EV leasing for companies — just 2% BiK

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Our promise

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Personal, no-obligation and simple — over WhatsApp.

More about us

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