Switching to pure electric vehicles needn’t cost the earth.

There is an increased focus for businesses to look at their carbon footprint and how they can do their part in the fight against climate change.

Choosing to go electric won’t only benefit the planet, there are also many financial savings to be made.

We have an experienced asset finance team on hand to guide you on that journey and help your business make the switch.

We finance a variety of pure electric vehicles (PEVs), including:

  • Taxis
  • Cars & fleets
  • Motorbikes
  • Light commercial vehicles (LCVs)
  • Heavy commercial vehicles (HCVs)
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Other assets are also considered on their individual merits.

Key features

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Monthly payments can be deferred for the first 3 months*

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No deposit, subject to day one valuation

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Deferred VAT payments (where applicable)

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Credit lines available

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Available to corporates and fleets only

* Interest will continue to be charged throughout the term of the and a customer will pay more over the agreement by deferring the payments

Finance options

Hire purchase

Do you have clients that are looking to spread the cost of important capital purchases over time? Take a look at our hire purchase solution.

Finance lease

Are your clients planning to grow and expand their business? Finance lease helps your clients obtain key assets without tying up capital and helps manage cash flow effectively.

Business benefits:**

  • Reclaiming 100% first year allowances on the purchase of a zero emissions vehicle up to April 2025
  • Reduced National Insurance contributions
  • The plug-in car grant to extend the support for the purchase of new qualifying vehicles up to 2022/23

Employees benefits:

  • No car tax for cars under £40k
  • No car fuel benefit charge
  • No city congestion charge or clean air zone charges

** Cambridge & Counties Bank does not give tax, legal, regulatory or accounting advice and you should seek your own independent advice before entering into a transaction. The accounting treatment of a particular product is a matter for agreement between you and your auditors.

Cambridge & Counties Bank Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under firm registration number 579415. Our authorisation can be checked at the Financial Services Register at www.fca.org.uk.

Cambridge & Counties Bank Ltd Registered Office: Charnwood Court, 5b New Walk, Leicester England, LE1 6TE. Registered in England and Wales No. 07972522.

VAT Registration Number GB 208354420.