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Vauxhall launches PCP offer on EVs

VAUXHALL has launched a five-year Personal Contract Purchase (PCP) offer for its core electric passenger car models – Astra Electric, New Corsa Electric and Mokka Electric.

James Taylor, Managing Director, Vauxhall, said: “Vauxhall is committed to electrifying Britain. This offer, unique amongst manufacturers, makes our electric vehicles even more accessible by allowing payments to be spread over a longer period.”

The offer is available with 9.9% APR representative.

In addition, ahead of the revised New Corsa arriving later this year, the current Corsa Electric is now eligible for an additional £4,500 Finance Deposit Contribution, whilst stocks last. Customers can expect monthly payments from £449 per month for the GS variant when placing a deposit of £1,788.

Vauxhall’s ‘Plug & Go’ offer allows customers that go for an electric vehicle to choose a wallbox and spread the cost across the length of their vehicle finance agreement, when choosing from one of Vauxhall’s three approved national suppliers – helping to make the switch to electric even more accessible.

Other benefits of ‘Plug & Go’ include eight years’ roadside assistance, an eight-year battery warranty and an Octopus Electroverse card, providing access to over 500,000 chargers from different networks across the UK and Europe via a single account.

The five-year PCP offer is available through the Vauxhall Online Store, which enables customers to configure their vehicle, obtain a part-exchange valuation and place an order all from the comfort of their home. Alternatively, customers can visit their local Vauxhall Retailer.

With the arrival of the Astra Electric, Vauxhall customers already have a choice of five fully electric passenger vehicles. From 2024, Vauxhall will offer an electric variant across every model in its line-up and will be an electric-only brand from 2028 – seven years ahead of the UK Government deadline.

Representative examples:

Pre-facelift Corsa Electric with enhanced deposit contribution:

Model Corsa Electric (pre-facelift)
Version GS 100kW / 136PS Ultimate 100kW / 136PS
59x Payments £449 £469
OTR Price £34,080 £35,730
Vauxhall Finance Deposit Contribution £5,750 £6,500
Customer Deposit £1,788 £1,903
Total Deposit £7,538 £8,403
Total Credit £26,542 £27,327
Interest Charges £8,657 £10,334
Total Amount Payable £42,737 £46,064
Guaranteed Future Value £8,708 £9,990
True Rate 9.9% 9.9%
Miles per annum 6,000 6,000
Excess Mileage £0.09 £0.09
Term (mths) 60 60
APR 9.9% 9.9%

 

Mokka Electric:

Model Mokka Electric
Version GS 100kW / 136PS
59x Payments £499
OTR Price £38,985
Vauxhall Finance Deposit Contribution £2,850
Customer Deposit £5,428
Total Deposit £8,278
Total Credit £30,707
Interest Charges £10,350
Total Amount Payable £49,335
Guaranteed Future Value £11,616
True Rate 9.9%
Miles per annum 6,000
Excess Mileage £0.09
Term (mths) 60
APR 9.9%

 

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