New Electric Short Term Car Leases for the new tax year | Cocoon Vehicles Ltd

New Electric Short Term Car Leases for the new tax year

From the 6th April 2020 until 5th April 2021, fully electric battery cars will pay no Benefit in Kind tax.

This means 0% rates on all fully electric company cars registered prior to 6th April 2020 and also cars registered after the 6th April 2020.

This is great news for all company car drivers and those self employed who run a vehicle through their business, with the 0% incentive on electric cars, more and more people will be making the switch from traditional petrol and diesel cars.

Electric Short Term Car Leases

In anticipation of the new company car tax rates, we’ve introduced a number of electric cars to our short term car lease range, this includes the Audi E-Tron, The Jaguar i-Pace and the amazing Tesla Model 3.

By using a short term car lease on your fleet, it enables you to fully understand how the battery operated vehicles will fit into your existing fleet, before committing to a long term car on contract hire or outright purchase.

It also helps with understanding how to best plan a route with charging stops, range anxiety and how to implement charging points at the work place or charging schemes throughout the UK.

What models are available…

At the moment we only have a small range of electric cars available, however, we are hoping to expand these to some of the other models available such as the Renault Zoe, the VW E-Golf and the Hyundai Ioniq.

These models are as follows (correct as of 10th March 2020):

  • Audi E-Tron
  • Mercedes EQC
  • Jaguar i-Pace
  • Tesla Model 3

Tesla Model 3 on Short Term Car Lease

We’re really excited to introduce the Tesla Model 3 on our short term car lease fleet, these are currently available on fixed contracts with a geneorus mileage allowance, at the moment we are offering the following models:

  • Tesla Model 3 Standard Plus
  • Tesla Model 3 Long Range AWD

At the moment, we are working hard on integrating these on to fleet in small numbers. We are doing this as we are unsure of the residual values of the vehicles and how we can monitor the vehicles and Tesla Accounts on-board.

We understand so far that some of the features of the car may not be available on the car due to fleet restrictions.

Frequently Asked Questions

Do I need a special charger to charge my Electric Vehicle?

If you don’t mind a slow charge, you can use the supplied 3-pin socket into a household socket. May of our customers have opted to have a standard 3-pin socket fitted externally to their property, instead of s dedicated car charger.

You can of course have a dedicated car charger fitted to the property and government grants are available to assist with the costs.

Where can I charge my electric vehicle?

There are charging points up and down the UK and this number is growing all of the time with the rapid introduction of electric cars to the road.

There are a few different charging companies that may require signup, these include Polar, Genie Point and Chargemaster. Tesla have their own dedicated chargers that can be used by Tesla’s only (at present).

You can also use any 3-pin socket with the supplied lead.

Is leasing an electric car a good idea?

Electric cars may not be for everyone, and this is one of the main reasons we have introduced them to our short term car lease range so that individuals and businesses can try them before committing long term.

How much does it cost to charge an Electric Car?

The average UK price of electricity per kWh is 14p, at the moment the average electric car consumes 3.5 miles per kWh so to travel 100 miles, this would cost you 4p per mile or £4 total.

Do you offer Plug-in Hybrid cars on short term?

Yes, we do a wide range of traditional hybrids and plug-in hybrids on our short term lease, these include the fantastic BMW 330e and previously the VW Golf GTE.

Find Out More…

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