Secondhand EV Leasing Surges 170% as UK Drivers Cut Costs 2026

Secondhand EV leasing has more than doubled in the UK, with a 170% surge in used electric car leasing among BVRLA members, as drivers seek cheaper alternatives to rising petrol prices. This rapid growth reflects a broader shift toward affordable electric mobility, making used EVs a smart choice for budget-conscious motorists.

Why Secondhand EV Leasing Is Booming

The supply of used electric cars is expanding as early adopters trade in their vehicles, flooding the market with quality pre-owned EVs. With over 2 million electric cars now on UK roads, the secondhand segment has finally reached critical mass, enabling leasing companies to offer attractive deals.

Rising petrol prices, exacerbated by geopolitical tensions, have made EVs cheaper to run per mile. This cost advantage, combined with lower depreciation on used models, is driving demand. Leasing a used EV eliminates the risk of battery degradation concerns while providing a fixed monthly payment.

Key Drivers Behind the 170% Growth

• Affordability: Used EVs cost significantly less than new ones, with lease payments often under £300 per month.
• Fuel savings: Electricity costs are typically 3-4 times cheaper per mile than petrol.
• Salary sacrifice schemes: Tax-efficient benefits make EVs accessible to more households.
• Improved battery data: Leasing firms now have better insights into battery longevity, reducing risk.

Comparing Used EV Leasing vs. Buying

Salary Sacrifice: A Game Changer

Salary sacrifice schemes allow employees to lease an EV through their employer, deducting payments from pre-tax income. This can reduce the effective cost by 30-40%. BVRLA reports a fivefold increase in used EVs leased this way, opening electric driving to lower-income households.

What This Means for UK Drivers

For drivers facing high petrol prices, secondhand EV leasing offers a practical path to lower running costs. With more models available and better data on reliability, the market is maturing. Toby Poston, BVRLA CEO, emphasizes that used leasing provides real choice without financial risk.

If you're considering an EV, now is the time to explore used leasing options. Compare deals from BVRLA members, check battery health reports, and calculate your total cost of ownership. The savings can be substantial, especially with salary sacrifice.

Key Takeaways

• Used EV leasing up 170% year-on-year.
• Petrol price spikes are accelerating the shift.
• Salary sacrifice makes EVs affordable for more people.
• Battery data improvements reduce leasing risks.

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