Hybrid car finance

Buying a hybrid car on finance can give you the best of both worlds. Hybrid cars give you the ability to do some zero-emission driving, as well as offering a greater mileage range for longer more powerful journeys.

Hybrid cars can lower your carbon footprint whilst not taking the enjoyment out of driving.

There are many reasons why you might want to finance a hybrid car. With so many different types of hybrid cars and ways to finance them, it’s difficult to know what’s best for you.

There are 2 types of hybrid cars, plug-in hybrid cars and self-charging hybrid cars. Plug-in hybrid cars need to be plugged in to be able to charge the battery, whereas self-charging hybrid cars will charge the battery whilst you are driving.

We understand that buying any car on finance can be a minefield, and there is no exception for hybrid car finance. You may have questions such as what type of finance is best and what hybrid car is best for your needs?

Below you can see two different types of hybrid car finance. Lease (PCP) shows you the benefits of hybrid car lease deals and Finance (HP) shows you the benefits of hybrid car finance with Hire Purchase.

Hire purchase is the type of hybrid car finance that we offer at Moneybarn but it’s important to understand the different types of hybrid car finance before you enter into any agreement.

Different types of finance agreements table

Hybrid car price

Hybrid cars in the past have been notoriously expensive, but as more hybrid cars come into the market, the car price reduces. We have looked into the costs of hybrid cars, including the most affordable hybrid cars 2020.

Hybrid car price

According to Car Magazine these are 5 of the cheapest hybrid cars on sale in the UK market:

  • Toyota Yaris Hybrid starting at £18,745
  • Hyundai Kona Hybrid starting at £22,495
  • Kia Niro starting at £24,855
  • Ford Mondeo Hybrid starting at £26,460
  • Toyota C-HR starting at £24,744

Some car magazines have stated that Toyota hybrid SUV’s are some of most affordable hybrid cars on the market. This is considering things such as the way they drive, costs of maintenance and their overall offering as a vehicle.

Because sometimes it’s nice to dream, we have also looked at the 5 most expensive hybrid cars currently on sale in the market:

  • BMW 330e starting at £39,372
  • Audi Q5 TFSI e starting at £43,300
  • BMW 530e starting at £45,915
  • Volvo XC90 T8 starting at £67,495
  • Mercedes S560e starting at £70,470

The prices listed above are retail prices of the cars as new. Although these prices might seem out of your range, it’s good to know that on average a car loses around 60% of its value within the first 3 years. You can find these models for sale second-hand on Exchange and Mart, Auto Trader and many other vehicle selling websites. Helping you to find the best hybrid car for you.

Cost of fuel

There are many reasons why hybrid cars are fast becoming one of the most popular type of vehicle. The main reason being the cost of fuel per year compared to a conventional car is a lot cheaper per mile.

Below you can see how a hybrid vehicle compares to its petrol equivalent:

hybrid car finance table

The above hybrid, a Toyota Auris, is a self-charging hybrid so unfortunately you still have to pay road tax. If you were to finance a plug-in hybrid vehicle then you would be eligible for a Government electric car grant.

The grant is called the Electric Vehicle Homecharge Scheme (EVHS) which contributes up to 75% towards the cost of buying and installing an electric charger at home. This is up to a maximum of £500. This scheme only applies if you have a home with off-street parking suitable for an electric vehicle car charger.

EDF energy have pulled together a useful guide on Government electric grants for vehicles.  Check to see if you would be eligible for any others.

Hybrid cars Moneybarn can finance

Get hybrid vehicle finance with us! We’ll help you find a car that is not only within your price range, but that also ticks all your boxes.

As with any vehicle finance provider, every vehicle we finance has to fit into a specific criteria.

Hybrid vehicle finance is slightly different and as hybrid vehicles are changing constantly this is looked at on a case-by-case basis.

The only type of hybrid car we are certain we will NOT finance, are those where the battery is leased from the manufacturer separately to the vehicle.

If you have a hybrid vehicle you’d like to finance, get in touch with our Moneybarn Direct Team. Tell them the details of the car you’re interested in and include the registration number. They’ll then be able to let you know if we’ll finance that specific vehicle.

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Hybrid van finance

Hybrid vans have many advantages to them. Which is why we thought we’d share with you the reasons why you might want hybrid van finance.

  • Hybrid vans are cheaper to run. They offer better fuel economy than a conventional fuel van.
  • There are tax breaks that the the government offers if you are a business using a hybrid van. These tax breaks apply to vehicles categorised as ultra low emission vehicles (ULEVs). ULEVs emit less than 75g of carbon dioxide for every kilometre travelled.
  • If you work in London then you can benefit from exemption of congestion charge. This will save your business a lot considering the congestion charge is £11.50 per day.

Unfortunately hybrid vans don’t benefit from as many tax breaks and advantages as an electric van. However you can drive them for longer without having to worry about charging them. They will also save you money on fuel, so they still have some great advantages to them.

At the moment there are not that many hybrid vans on sale in the UK market, with many manufacturers putting their energy into developing electric vans. This is what companies such as Mercedes and VW have done. Ford however have 2 hybrid vans:

  • Hybrid Ford Transit
  • Hybrid Ford Transit Custom Plug-in

As these vehicles are brand new products to the hybrid van market, you might have to wait a few months before any start showing on the second-hand market.

Strangely Toyota, although one of the most well known hybrid car manufacturers, are yet to produce a Toyota hybrid van.

We’re sure it’s just a matter of time before the market is full of hybrid vans ready to replace your conventional fuel vans.

Hybrid vans Moneybarn can finance

Get hybrid van finance with us! We’ll help you find a van that is not only within your price range, but that also ticks all your boxes.

As with any vehicle finance provider, every vehicle we finance has to fit into a specific criteria.

Hybrid vehicle finance is slightly different and as hybrid vehicles are changing constantly this is looked at on a case-by-case basis.

The only type of hybrid van we are certain we will NOT finance, are those where the battery is leased from the manufacturer separately to the vehicle.

If you’d like hybrid van finance, get in touch with our Moneybarn Direct Team. Tell them the details of the car you’re interested in and include the registration number. They’ll then be able to let you know if we’ll finance that specific vehicle.

Electric car finance

Hybrid vehicle finance might not be right for everyone. You might be considering electric car finance instead. If this is the case, take a look at our electric car finance page, guiding you through the positives and negatives of different finance types and specific vehicles.

Our team will be more than happy to help with any questions you might have.