Personal Contract Hire (PCH)
Drive a new EV for a fixed monthly payment — no ownership worries
PCH is the most popular EV lease option for private drivers in the UK: you pay a fixed monthly amount for a set term and mileage, then hand the car back. You never own the car and have no exposure to its residual value. Maintenance can usually be added to the package.
Advantages
- Fixed, predictable monthly cost
- No depreciation risk
- Drive a brand-new EV every 2–3 years
- Maintenance often included as an add-on
Watch out for
- You never own the car
- Mileage limits apply — excess charged per mile
- Early termination fees can be significant
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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