EV buying costs in the second-hand market
More second-hand Electric Vehicles (EVs) are now available, but how do used EVs compare to used internal combustion engine (ICE) vehicles? Use our tables to compare.
Even though we’ve been buying EVs in the UK for almost two decades now, the technology is still relatively new. The hardware costs a lot to produce, so naturally the price of electric cars is higher than most petrol or diesel cars.
That’s reflected in the costs for second-hand EVs.
They are, on average, higher than second-hand petrol vehicles. However, the cost can be spread across a financing agreement and, as electric cars become more popular, they will become more affordable.
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ICE vs EV buying costs ICE
EV
Vehicle
ICE
Vauxhall Corsa
(1.2 Turbo SRi - Petrol)
EV
Vauxhall Corsa-e
(100kWh SRi Nav Premium Auto)
List price
ICE
£11,450
EV
£12,700
Deposit
ICE
£1,145
EV
£1,270
Amount of credit
ICE
£10,305
EV
£11,430
Registration year
ICE
2020
EV
2021
Current mileage
ICE
19,023
EV
21,623
Annual mileage
ICE
10,000
EV
10,000
Term (months)
ICE
48
EV
48
Typical APR
ICE
11.4%
EV
11.4%
Typical monthly PCP finance cost
ICE
£193
EV
£206
Optional final payment
ICE
£4,404
EV
£5,348
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ICE SUV vs EV SUV buying costs ICE
SUV
Vehicle
ICE
Nissan Qashqai
(1.3 DIG-T N-Connecta – Petrol)
SUV
Hyundai Kona
(150kW Premium SE Auto)
List price
ICE
£17,050
SUV
£17,200
Deposit
ICE
£1,705
SUV
£1,720
Amount of credit
ICE
£15,345
SUV
£15,480
Registration year
ICE
2020
SUV
2020
Current mileage
ICE
17,104
SUV
20,410
Annual mileage
ICE
10,000
SUV
10,000
Term (months)
ICE
48
SUV
48
Typical APR
ICE
11.4%
SUV
11.4%
Typical monthly PCP finance cost
ICE
£271
SUV
£277
Optional final payment
ICE
£7,526
SUV
£7,349
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ICE Saloon vs EV saloon buying costs ICE
EV
Vehicle
ICE
BMW 320i
(M Sport Auto - Petrol)
EV
Tesla Model 3
(Long Range Auto)
List price
ICE
£21,800
EV
£22,200
Deposit
ICE
£2,180
EV
£2,220
Amount of credit
ICE
£19,620
EV
£19,980
Registration year
ICE
2020
EV
2020
Current mileage
ICE
46,133
EV
41,612
Annual mileage
ICE
10,000
EV
10,000
Term (months)
ICE
48
EV
48
Typical APR
ICE
11.4%
EV
11.4%
Typical monthly PCP finance cost
ICE
£325
EV
£340
Optional final payment
ICE
£10,855
EV
£10,506
These comparison examples are taken in May 2024. They are based on similar models of ICE and EV. Vehicle costs, APR, PCP cost and Optional Final Payment are sourced from a selected Blackhorse vendor.