If you are considering a large installation and do not want to tie up your companies cash a financial lease could be an attractive option. Leasing is essentially a method of renting an asset for a period of time – it’s not permanent, and it could help your business speed up the uptake of electric charging.

Buying : Upfront Costs

The total cost of a large installation may be far in excess of the grants available and could involve a significant additional up front costs ie

• Installation Cost – This includes the costs to connect electrical power any upgrading of existing equipment required.
• Hardware – This includes the charging station itself, along with all of its required equipment.
• Software –  typically paid as an up-front, one-time fee or in the form of an annual fee.
• Maintenance – normally ongoing or an annual fee

Benefits of Leasing

EV charging station leasing and financing can bring an array of benefits to your business. Many businesses consider leasing EV charging equipment as it enables them to put money to better uses, especially if they are concerned about the upfront electric car charging point costs if they were to purchase it.

The main benefits you can expect with leasing electric car charging points for your business include:

• A more cost-effective alternative to purchasing equipment outright.
• High quality equipment for an affordable price, with no compromises.
• Flexible leasing agreements from 12-60 months
• VAT only charged on smaller payments, rather than the larger fee when setting up your finance agreement.
• Tax is 100% deductible at the end of each financial year, due to rentals being an operating expense.
• Payments are fixed throughout your plan, so your monthly price will never increase.
• Leasing has no effect on any existing credit lines.
• One rental can include all equipment and ancillary costs i.e. consultancy, installation, training and maintenance.
• Option to upgrade, make changes or settle your lease agreement at any time.
• Flexibility at the end of your lease agreement, including indefinite ownership of the EV charging equipment.