Slideshow
Every brand's cheapest electric car on PCP finance
From Audi to Volvo, we name every brand's cheapest electric car on a PCP finance deal – with monthly payments starting from £252 per month
George Hill
Updated: 22 January 2023
Every brand's cheapest electric car on PCP finance
A high purchase price can be one of the biggest barriers to electric car ownership, but one way of alleviating that cost is to buy with a Personal Contract Purchase (PCP) deal.
But what exactly is PCP finance? Well, it allows you to pay for your car with monthly payments (which tend to be lower than with a Hire Purchase deal, known as HP). In most cases, a PCP deal requires a deposit of around 10% of the car's value and usually lasts for between three to five years. At the end of the deal, you have the option to buy the car outright – unlike with a lease deal.
So, could a PCP finance deal be the key to electric car ownership? To find out, we've compiled a list of the cheapest electric cars from each brand on PCP finance, ranging from small electric cars to electric SUVs, and starting from £252 per month.
In each case, you can follow the links to read our full new car reviews. Or, to find out more about prices and deals, search with our free New Car Deals service.
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Audi
Model Q4 E-tron | Version 40 Sport | Target PCP £624 | Target Price £49,438 | The deal Four years' PCP finance with 10.3% APR. Limit of 8000 miles per year | Star rating 4
Audi's cheapest electric car on PCP finance is the Q4 e-tron, which is a comfortable, practical and classy electric SUV. Our chosen Sport trim comes with 19in alloy wheels, three-zone climate control and heated front seats. The model quoted here is the 40 version, and it can travel a decent 315 miles between charges, according to official tests.
Save money with our Audi Q4 E-tron deals or read our Audi Q4 E-tron review >>
BMW
Model i4 | Version eDrive40 Sport | Target PCP £823 | Target Price £55,079 | The deal Four years' PCP finance with 11.1% APR. Limit of 8000 miles per year | Star rating 5
The BMW i4 is a very compelling alternative to the Tesla Model 3, being fast, comfortable and very refined. While it might lack the option of using Tesla's world-beating charging infrastructure, it does have a very good range. This entry-level eDrive40 version, for example, can travel an official 367 miles between charges.
Save money with our BMW i4 deals or read our BMW i4 review >>
Citroën
Model e-C4 | Version Sense | Target PCP £400 | Target Price £30,799 | The deal Four years' PCP finance with 9.9% APR. Limit of 8000 miles per year | Star rating 3
The e-C4 is a fully electric version of Citroën's stylish coupé SUV, and it's ever so slightly cheaper than the Citroën e-Berlingo and e-C4 X on monthly PCP costs. Despite its swooping roofline, it's a surprisingly practical electric car that offers good value for money. This entry-level Sense version, for example, with dual-zone climate control, keyless entry and plenty of safety equipment as standard.
Save money with our Citroën e-C4 deals or read our Citroën e-C4 review >>
Cupra
Model Born | Version 58kWh V1 | Target PCP £421 | Target Price £36,475 | The deal Four years' PCP finance with 7.2% APR. Limit of 10,000 miles per year | Star rating 5
Being the sportier sister brand to Seat and Volkswagen, Cupra prides itself on its sharp driving dynamics. That's certainly evident with the Cupra Born, because we think it's the best small electric car to drive. Being based on the Volkswagen ID 3, it gets a lower and slightly stiffer suspension, so it feels sharper and more eager to turn in to corners. However, there are no compromises on ride comfort, so it's a brilliant electric car to drive everyday.
Save money with our Cupra Born deals or read our Cupra Born review >>
DS
Model DS 3 E-Tense | Version Performance Line | Target PCP £512 | Target Price £36,471 | The deal Four years' PCP finance with 8.9% APR. Limit of 8000 miles per year | Star rating 3
DS has recently revised its DS 3 small SUV, and in electric E-Tense form it now gets a slightly official longer range of up to 250 miles. As before, it's a much better car than the combustion powered version, but it remains expensive and not particularly practical.
Save money with our DS 3 deals or read our DS 3 review >>
Fiat
Model 500 | Version 24kWh Red | Target PCP £281 | Target Price £27,648 | The deal Four years' PCP finance with 7.4% APR and £3000 finance contribution. Limit of 8000 miles per year | Star rating 4
Along with the combustion-powered 500 Hybrid, Fiat also offers a fully electric version. As such, it's a much better car that's better to drive and more modern inside and out. It's also one of the cheapest electric cars you can finance, especially if you go for the entry-level 24kWh Red version. That value does come at the price of range, though.
Save money with our Fiat 500 deals or read our Fiat 500 review >>
Ford
Model Mustang Mach-E | Version 70kWh Select RWD | Target PCP £595 | Target Price £50,830 | The deal Four years' PCP finance with 5.9% APR and £500 finance contribution. Limit of 8000 miles per year | Star rating 3
The Mustang Mach-E is Ford's only electric car, and it's a well equipped and relatively spacious electric SUV. All versions have decent performance and range, but the ride, handling and build quality are below par – especially compared with the likes of the Genesis GV60 and Kia EV6.
Save money with our Ford Mustang Mach-E deals or read our Ford Mustang Mach-E review >>
Honda
Model E | Version Advance | Target PCP £459 | Target Price £35,837 | The deal Four years' PCP finance with 8.9% APR and £1500 finance contribution. Limit of 8000 miles per year | Star rating 2
It's very hard not to be drawn to the retro-futuristic style of the Honda E. However, while it might be fun to drive, well equipped and relatively upmarket inside, the official range is pretty poor at just 137 miles. That's significantly less than the 239 miles the cheapest Renault Zoe can do officially.
Save money with our Honda E deals or read our Honda E review >>
Hyundai
Model Kona Electric | Version 39kWh SE Connect | Target PCP £439 | Target Price £31,893 | The deal Four years' PCP finance with 8.6% APR. Limit of 8000 miles per year | Star rating 4
Hyundai now offers three electric cars in the UK, and the Kona Electric is the cheapest of the three. Things are kept fairly simple with the Kona, because there are two versions to choose from with different battery sizes: a 39kWh model (with official range of up to 189 miles) and a 64kWh model (with an official range of 300 miles). While the 39kWh battery is cheaper, we reckon it's worth upgrading to the larger one for the additional range that it offers.
Save money with our Hyundai Kona Electric deals or read our Hyundai Kona Electric review >>
Jaguar
Model I-Pace | Version EV400 S | Target PCP £694 | Target Price £63,554 | The deal Four years' PCP finance with 4.9% APR. Limit of 8000 miles per year | Star rating 4
The I-Pace was one of the first electric SUVs to hit the market back in 2018, and it still remains a very competitive offering in the class. It's powered by two electric motors producing a combined 395bhp, and the 90kWh battery allows for an official range of 292 miles. Our recommended trim – entry-level S – comes with lots of luxuries, including keyless entry, dual-zone climate control and ambient interior lighting.
Save money with our Jaguar I-Pace deals or read our Jaguar I-Pace review >>
Kia
Model Soul EV | Version 39kWh Urban | Target PCP £458 | Target Price £32,524 | The deal Three years' PCP finance with 8.4% APR and £1000 finance contribution. Limit of 8000 miles per year | Star rating 4
It might not be as well known or popular as the Niro EV, but the Soul EV is Kia's cheapest electric car on PCP finance – and it's a great one, too. It has strong performance, an impressive range and comes very well equipped. All models come standard with heated front seats, a heated steering wheel and electrically folding (and heated) door mirrors.
Read our Kia Soul EV review >>
Mazda
Model MX-30 | Version Prime Line | Target PCP £353 | Target Price £29,375 | The deal Four years' PCP finance with 7.4% APR and £500 finance contribution. Limit of 8000 miles per year | Star rating 2
The Mazda MX-30 is one of the cheapest electric SUVs around, and for the money it comes with a smart interior and lots of standard kit – even this entry-level version comes with a head-up display, power-folding door mirrors and automatic wipers. Its official range of just 124 miles trails a long way behind many rivals, though. So, if you like the idea of an MX-30 and need to do lots of long journeys, it might be worth waiting for the upcoming range-extender version.
Save money with our Mazda MX-30 deals or read our Mazda MX-30 review >>
Mercedes
Model EQA | Version 250+ AMG Line | Target PCP £624 | Target Price £52,010 | The deal Four years' PCP finance with 8.9% APR. Limit of 10,000 miles per year | Star rating 3
Mercedes now makes a whole range of electric cars, including the EQS, EQE, EQB and EQC. Despite being quite expensive compared with its rivals, the EQA is the cheapest of the lot. Like the Mercedes GLA on which it's based, the EQA offers a smart interior and plenty of interior technology. Sport trim is our pick, bringing 18in alloy wheels, heated front seats and automatic climate control.
Save money with our Mercedes EQA deals or read our Mercedes EQA review >>
MG
Model MG 4 | Version 51kWh SE EV | Target PCP £312 | Target Price £26,995 | The deal Four years' PCP finance with 8.9% APR. Limit of 8000 miles per year | Star rating 5
As electric cars go, the MG 4 is a very impressive piece of kit. For the money (which isn't a lot by electric car standards), you get a great all-rounder that's well equipped, decent to drive, practical and comfortable. Range and performance is good, too: even the entry-level model quoted here has an official range of 218 miles and can cover 0-62mph in 7.7sec.
Save money with our MG 4 deals or read our MG 4 review >>
Mini
Model Electric | Version Cooper S 2 | Target PCP £337 | Target Price £30,544 | The deal Four years' PCP finance with 6.9% APR and £750 finance contribution. Limit of 8000 miles per year | Star rating 4
One of the great things about electric cars is that they have one forward gear and offer instant power from the motor. So, when you combine these elements with the Mini Hatchback, you get a fun, stylish small electric car that's great to drive and smart inside. However, if range is a top priority, you'll want to look elsewhere.
Save money with our Mini Electric deals or read our Mini Electric review >>
Nissan
Model Leaf | Version 39kWh Acenta | Target PCP £252 | Target Price £25,180 | The deal Four years' PCP finance with 7.9% APR and £1500 finance contribution. Limit of 8000 miles per year | Star rating 3
The Leaf was the car that kick-starting the mainstream electric car class all the way back in 2011. Now in its second generation, it remains reasonable to drive, well equipped and great value. It's starting to fall behind newer rivals, though; many can go farther on a full charge and are better to drive.
Save money with our Nissan Leaf deals or read our Nissan Leaf review >>
Peugeot
Model e-208 | Version Active Premium + | Target PCP £428 | Target Price £29,818 | The deal Four years' PCP finance with 9.9% APR. Limit of 8000 miles per year | Star rating 3
The e-208 is Peugeot's cheapest electric car on a PCP finance deal, and it's a fair bit cheaper than the larger e-2008 electric SUV and e-Rifter MPV. The entry-level Active Premium+ comes with automatic air conditioning, rain-sensing wipers, rear parking sensors and a leather-wrapped steering wheel.
Save money with our Peugeot e-208 deals or read our Peugeot e-208 review >>
Renault
Model Zoe | Version R135 Techno | Target PCP £331 | Target Price £27,656 | The deal Four years' PCP finance with 6.4% APR. Limit of 8000 miles per year | Star rating 3
Despite being a bit long in the tooth, the Renault Zoe remains a great value electric car that's fairly practical. In R135 form, it also has a good official range of 239 miles, although its flawed driving position and terrible safety rating let it down overall.
Save money with our Renault Zoe deals or read our Renault Zoe review >>
Skoda
Model Enyaq iV | Version 60 Loft | Target PCP £518 | Target Price £38,970 | The deal Four years' PCP finance with 7.9% APR. Limit of 10,000 miles per year | Star rating 5
The Skoda Enyaq iV is a much better alternative to the Volkswagen ID 4 with which it shares its underpinnings. It's practical, good to drive, smart inside and well equipped. The 60 version is also brilliant value, although the 80 version is a better bet if you need a longer range.
Save money with our Skoda Enyaq iV deals or read our Skoda Enyaq iV review >>
Smart
Model Fortwo EQ | Version EQ Premium | Target PCP £277 | Target Price £20,538 | The deal Four years' PCP finance with 9.0% APR and £1250 finance contribution. Limit of 8000 miles per year | Star rating 2
The Fortwo EQ is well suited to the city, where its small size and nippy acceleration make it easy to navigate urban streets. The Fiat 500 Electric is a much better alternative, though, with its smarter interior and longer range.
Save money with our Smart Fortwo EQ deals or read our Smart Fortwo EQ review >>
Subaru
Model Solterra | Version Limited | Target PCP £718 | Target Price £49,502 | The deal Three years' PCP finance with 9.5% APR. Limit of 8000 miles per year | Star rating 3
You might think that the Subaru Solterra and Toyota bZ4X look suspiciously similar, and that's because both firms joined forces to develop both cars. While the Solterra is more expensive than the bZ4X (partly because it's offered with four-wheel drive only), it is refined, surprisingly good off road and very comfortable.
Save money with our Subaru Solterra deals or read our Subaru Solterra review >>
Vauxhall
Model Corsa-e | Version GS Line | Target PCP £403 | Target Price £30,452 | The deal Four years' PCP finance with 8.9% APR and £750 finance contribution. Limit of 8000 miles per year | Star rating 3
The Corsa-e is the cheapest electric Vauxhall you can get on PCP finance. It's a fine all-rounder that's competitively priced and well equipped, but rivals are better to drive, safer and more practical.
Save money with our Vauxhall Corsa-e deals or read our Vauxhall Corsa-e review >>
Volkswagen
Model ID 4 | Version Life Edition Pure | Target PCP £452 | Target Price £38,140 | The deal Four years' PCP finance with 9.6% APR and £750 finance contribution. Limit of 10,000 miles per year | Star rating 3
Despite being slightly bigger, the ID 4 is cheaper on PCP finance than the ID 3. Overall, it's a good electric SUV with a practical interior and an excellent safety score. However, the Hyundai Ioniq 5 is faster, smarter inside and quicker to charge.
Save money with our Volkswagen ID 4 deals or read our Volkswagen ID 4 review >>
Volvo
Model XC40 Recharge | Version 69kWh Recharge Core | Target PCP £550 | Target Price £45,250 | The deal Four years' PCP finance with 9.9% APR and £750 finance contribution. Limit of 10,000 miles per year | Star rating 4
The XC40 Recharge is an electric version of one of our favourite family SUVs. So, that means it gets the same appealing interior and impressive safety credentials as the combustion-powered version, but instead with better performance. The version quoted is the entry-level Core trim, and it includes automatic wipers, LED lights and ambient interior lighting as standard.
Save money with our Volvo XC40 Recharge deals or read our Volvo XC40 Recharge review >>
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