Everything you need to know about EV finance at Sandicliffe
As the UK moves toward a more sustainable future, electric vehicles (EVs) are becoming an increasingly popular choice for drivers across the country. With lower running costs, government incentives, and cutting-edge technology, making the switch to electric has never been more appealing.
At Sandicliffe, we understand that choosing how to finance your EV is just as important as choosing the vehicle itself. That’s why we’re here to guide you through every step of the process, making it as simple and stress-free as possible.
In this guide, we’ll explain your EV finance options, what to consider before committing, and how Sandicliffe can help you find the right deal.
Why More Drivers Are Going Electric
Before we explore your finance options, here’s a quick reminder of why electric vehicles are on the rise:
Lower running costs – Charging an EV typically costs less than fuelling a petrol or diesel car. Plus, EVs generally require less maintenance.
Zero tailpipe emissions – Help reduce air pollution and avoid charges in Clean Air Zones or Ultra Low Emission Zones (ULEZ).
Government support – Depending on your situation, you could benefit from grants, tax incentives, and workplace schemes.
Advanced technology – EVs often come equipped with the latest infotainment systems, safety features, and seamless connectivity.
EV Finance Options at Sandicliffe
At Sandicliffe, we offer a variety of flexible finance solutions tailored to both personal and business customers. Whether you're buying your first EV or upgrading to a newer model, we’ll help you choose a plan that fits your needs and budget.
Personal Contract Purchase (PCP)
Ideal if you want low monthly payments and flexibility at the end of your agreement.
With PCP, you pay a deposit followed by fixed monthly payments. These payments cover only part of the vehicle’s cost. At the end of the term, you can:
Return the car
Part-exchange it for a new vehicle
Pay a final optional payment (also known as a balloon payment) to keep it
This is a popular option for customers who want to change their car every few years.
Hire Purchase (HP)
A simple route to full ownership.
With HP, you spread the entire cost of the vehicle over monthly payments. Once all payments have been made, you own the car outright. There are no large final payments, and it’s a straightforward way to buy your EV if you plan to keep it long-term.
Personal Contract Hire (PCH / Leasing)
A great choice if you want a new car every few years without the commitment of ownership.
With PCH, you lease the vehicle for a fixed term and mileage allowance. You pay a deposit followed by monthly payments. At the end of the agreement, simply hand the vehicle back. You don’t need to worry about depreciation or resale value.
Why Choose Sandicliffe for EV Finance?
When you finance your EV through Sandicliffe, you’re choosing a dealership that combines decades of experience with a forward-thinking approach to mobility. Here’s what sets us apart:
Over 75 years of trusted automotive experience
A wide range of new and used electric vehicles from leading manufacturers
Finance plans tailored to your personal or business needs
Expert advice from friendly, knowledgeable specialists
Online finance calculators to help you budget with confidence
We’re committed to making your transition to electric as easy and affordable as possible.
Ready to Make the Switch?
At Sandicliffe, we’re proud to support drivers across the Midlands on their journey toward a more sustainable way of driving. Whether you’re ready to go electric or just starting your research, our EV specialists are here to help.
Drive smarter. Drive electric. Drive with Sandicliffe.
