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EV Finance

Electric Car Finance

Go electric with affordable finance. We offer competitive rates on new and used electric vehicles, making the switch to an EV easier than ever.

Check Your Eligibility in 60 Seconds
No Effect on Credit Score Soft Search Only FCA Regulated All Credit Types Welcome Quick Decisions Any Reputable Dealer SAF Authorised
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4.9
Google Reviews

With no impact to your credit score*

Calculate Your Finance

£6,500
£200

Estimated monthly payments

Apply Now

With no impact to your credit score*

We act as a credit broker, not a lender

Representative example: borrowing £6,500 over 5 years with a representative APR of 16.9%, an annual interest rate of 16.9% (Fixed) and a deposit of £0.00, the amount payable would be £161.19 per month, with a total cost of credit of £3,171.55 and a total amount payable of £9,671.55. This is an example only, lender fees may apply. The exact rate you will be offered will depend on your circumstances. All finance subject to status.

*After completing the application, lenders will perform a “soft search” that will not affect your credit score. Should you get an offer of finance and wish to proceed, the lender will then perform a “hard search” of your credit file. Finance acceptance is not guaranteed, please click the following link for more information: Initial Disclosure Document

Make the Switch to Electric

Electric vehicles are no longer the future; they are the present. With the UK government's ban on new petrol and diesel car sales approaching, more drivers than ever are making the switch to electric. And with good reason: electric cars are cheaper to run, better for the environment, and increasingly enjoyable to drive.

At Happy Motor Finance, we are helping thousands of UK drivers go electric by offering affordable EV finance with competitive rates. Whether you want a compact city EV, a family-sized electric SUV, or a high-performance electric sports car, we can find finance that fits your budget.

The Benefits of Going Electric

Lower Running Costs

Charging an electric car costs a fraction of filling up with petrol or diesel. Home charging typically costs around 3 to 5 pence per mile, compared to 12 to 18 pence per mile for a petrol car. Over the course of a year, that adds up to savings of hundreds or even thousands of pounds.

Zero Road Tax

Fully electric vehicles registered before April 2025 are exempt from Vehicle Excise Duty entirely. Even with recent changes, EVs remain significantly cheaper to tax than petrol or diesel equivalents.

Reduced Maintenance

Electric cars have fewer moving parts than combustion engine vehicles. There are no oil changes, no timing belts, no exhaust systems, and the regenerative braking system means brake pads last significantly longer. This translates to lower maintenance bills throughout the life of the vehicle.

London Congestion and Clean Air Zones

Electric vehicles are exempt from the London Congestion Charge and compliant with all Clean Air Zones across the UK. If you drive in urban areas regularly, an EV could save you a significant amount in charges.

Popular Electric Cars We Finance

We finance all makes and models of electric vehicle. Some of the most popular choices among our customers include:

  • Tesla Model 3 and Model Y - Market leaders offering excellent range, performance, and technology.
  • Nissan Leaf - One of the best-selling EVs in the UK, offering proven reliability and practical range.
  • Volkswagen ID.3 and ID.4 - Modern electric vehicles with sharp styling and competitive range.
  • Hyundai Ioniq 5 and Kia EV6 - Award-winning EVs with ultra-fast charging capability.
  • BMW iX and i4 - Premium electric motoring with BMW's renowned driving dynamics.
  • MG4 and BYD Atto 3 - Excellent value electric cars offering strong specifications at competitive prices.

How It Works

Getting car finance doesn't have to be complicated. Here's how our simple process works.

📝

Apply Online

Complete our quick and easy application form in just a few minutes. It won't affect your credit score.

🔍

Get Matched

We'll search our panel of lenders to find the best deal for your circumstances.

🚗

Choose Your Car

Once approved, choose any car from any reputable dealer. Our Personal Shopper service can help.

🎉

Sign & Drive

Sign your finance agreement and drive away in your new car. It really is that simple!

Start Your Application

With no impact to your credit score*

We act as a credit broker, not a lender

Representative example: borrowing £6,500 over 5 years with a representative APR of 16.9%, an annual interest rate of 16.9% (Fixed) and a deposit of £0.00, the amount payable would be £161.19 per month, with a total cost of credit of £3,171.55 and a total amount payable of £9,671.55. This is an example only, lender fees may apply. The exact rate you will be offered will depend on your circumstances. All finance subject to status.

*After completing the application, lenders will perform a “soft search” that will not affect your credit score. Should you get an offer of finance and wish to proceed, the lender will then perform a “hard search” of your credit file. Finance acceptance is not guaranteed, please click the following link for more information: Initial Disclosure Document

Frequently Asked Questions

Electric cars tend to have a higher purchase price than equivalent petrol or diesel models, which can mean slightly higher monthly payments. However, the total cost of ownership is often lower because electric cars are cheaper to charge than to fuel, have lower road tax, and require less maintenance with no oil changes, fewer brake replacements, and simpler mechanics.
Modern electric cars typically offer between 150 and 300 miles of range on a full charge, depending on the model. Premium models like the Tesla Model S and Mercedes EQS can exceed 350 miles. Real-world range will vary based on driving style, speed, temperature, and use of heating or air conditioning.
Yes, we offer finance on both new and used electric vehicles. Used EVs can offer excellent value, as they often still have plenty of battery warranty remaining. Popular used choices include the Nissan Leaf, Renault Zoe, BMW i3, and Tesla Model 3.
A home charger is not essential, but it is highly recommended. Home charging is significantly cheaper than public charging and far more convenient. A 7kW home wallbox can fully charge most electric cars overnight. The UK public charging network is also growing rapidly, with thousands of chargers available at supermarkets, car parks, and motorway services.
Yes, we work with lenders who consider applications from customers with all types of credit history. Electric cars are financed in the same way as petrol or diesel vehicles, and our panel includes lenders who specialise in helping people with CCJs, defaults, and low credit scores.

Ready to Go Electric?

Apply for electric car finance today. Our quick application takes just minutes and won't affect your credit score.

Apply Now

With no impact to your credit score*

We act as a credit broker, not a lender

Representative example: borrowing £6,500 over 5 years with a representative APR of 16.9%, an annual interest rate of 16.9% (Fixed) and a deposit of £0.00, the amount payable would be £161.19 per month, with a total cost of credit of £3,171.55 and a total amount payable of £9,671.55. This is an example only, lender fees may apply. The exact rate you will be offered will depend on your circumstances. All finance subject to status.

*After completing the application, lenders will perform a “soft search” that will not affect your credit score. Should you get an offer of finance and wish to proceed, the lender will then perform a “hard search” of your credit file. Finance acceptance is not guaranteed, please click the following link for more information: Initial Disclosure Document

Our Lending Partners

Representative Example

Borrowing

£6,500

Term

60 months

Monthly Payment

£161.19

APR

16.9%

Total Amount Payable: £9,671.55

This is a representative example. The rate you are offered may differ depending on your personal circumstances.