If you've previously bought a new car or van you'll be familiar with the array of options open to you for funding, but electric cars and vans introduce a new parameter that weighs heavily on your vehicle finance decision - Risk.
Electric vehicles are relatively new to the car and van markets and, as such, their price performance in the used car and van markets is yet to stabilise.
Current second-hand values for electric cars and vans are reasonably strong compared to
powered vehicles, but this may not last as manufacturers overcome a combination of shortages of battery supplies and high demand for the product.
In addition, improvements in battery technology (longer range/faster recharge times) and other factors such as autonomous driving capabilities may make early electric vehicles less desirable than newer models in years to come.
Against this background, how do you minimise your financial risk from getting an EV, or at least contain the risk to a level you find acceptable?
The answer lies in understanding how each of the different finance options for EVs works and how you can use it to your advantage.
So, to get you up to speed on what's available to fund an electric car or van we've put together a summary of how the main finance options work.