Secondhand EV Leasing Doubles as UK Drivers Cut Costs 2026

Secondhand EV leasing has more than doubled in the UK, rising 170% in the last year as drivers look for cheaper ways to avoid soaring petrol prices. This surge in used electric car leasing is opening affordable electric driving to households that previously thought it was beyond their reach.

Why Secondhand EV Leasing Is Booming

The supply of secondhand electric cars is growing rapidly as early adopters' vehicles enter the used market. With over 2 million electric cars on British roads, the pool of quality used EVs is expanding, making leasing them more viable for providers.

Demand has been accelerated by big increases in petrol prices since geopolitical tensions in Iran, making electric cars cheaper to run relative to petrol. Drivers are increasingly seeking predictable monthly costs rather than large upfront payments.

Key Drivers Behind the 170% Growth

• Cost savings: Lower fuel and maintenance costs compared to petrol vehicles.
• Salary sacrifice schemes: Tax benefits make EVs more affordable for employees.
• Better data: Improved battery longevity data gives leasing firms confidence.
• Wider selection: More used EVs entering the market means more choice.

Salary Sacrifice: A Game Changer for Used EV Leasing

The number of secondhand EVs leased through salary sacrifice has risen fivefold in the last year. This scheme allows employees to deduct the cost of a car from their pre-tax salary, effectively subsidising the vehicle and making it cheaper than a traditional lease.

Toby Poston, CEO of the British Vehicle Rental and Leasing Association (BVRLA), notes that used leasing gives consumers access to well-maintained electric cars with the latest technology without taking on financial risk.

Comparison: New vs. Used EV Leasing Costs

How to Choose a Used EV Lease

When considering a secondhand electric car lease, focus on battery health, remaining warranty, and the vehicle's history. Compare monthly costs against petrol equivalents, factoring in savings on fuel and maintenance.

Look for reputable leasing companies that are BVRLA members, as they adhere to strict quality standards. Always calculate total cost of ownership, including insurance and charging costs.

FAQ

Key Takeaways

• Used EV leasing has grown 170% in the UK, offering a cost-effective entry to electric driving.
• Salary sacrifice schemes are making EVs accessible to more households.
• BVRLA members provide reliable options with quality assurance.
• Check battery health and warranty before signing a used EV lease.