ev.news Fleet: New vs Used EV Financing Is Broken. Here's What I'd Change.

A used electric car can cost much less to buy but come with more expensive finance. That matters for private buyers and fleets alike: the price the next driver will pay helps determine the cost of the first lease. Martyn Lee examines why past depreciation losses still shape lending decisions, even as used EV demand grows and values stabilise.

We explore how cheaper used finance, manufacturer support and second leases could make EVs more affordable. We also explain the differences between PCP, leasing and borrowing to own, why Britain’s company-car tax rules can disadvantage used EVs, and how the proposed mileage tax could affect future costs.

Beyond the monthly payment, battery health, warranty cover and affordable repairs all matter. This episode sets out what drivers and fleet managers should ask before signing, from total borrowing costs to resale forecasts — and why lower risks should translate into better quotes.