E-car leasing calculator promotion - Calculate Now
Why switching to e-car leasing saves you money
The switch to electric is associated with high costs, the purchase of its own wallbox and the installation of a power line including socket in your own garage? But that's not true!
Only recently, the German government has extended its environmental bonus until 2025 and due to the Corona crisis, this has even been increased again until the end of 2021.
Consumers can currently receive upto 9,000 euros when buying e-cars as well as plug-in hybrids. The promotion of the necessary infrastructure itself (wallboxes and power supply) can be subsidized by favorable KfW loans as well as by grants from the federal government, local authorities and energy suppliers.
However, not only the purchase of the currently still comparatively expensive e-vehicles is subsidized, but above all also the leasing of e-cars - and this within the framework of company and also private leasing.
Up to 700,000 e-vehicles are to be subsidized in this way in the coming years. This should finance around half of the total costs of almost 2 billion euros. Thanks to the wide range of subsidy programs, there is currently a lot of money to be made from the purchase and leasing of electric vehicles.
In the following sections, we would like to show what the various e-car premiums are all about and why e-car leasing in particular currently appears to be so lucrative.
The amount of the eco-rebate in concrete figures
At present, buyers or lessees of electric vehicles can hope for hefty premiums from the state. The same premium structures also apply to vehicles with fuel cells or plug-in hybrids.
For electric vehicles up to a gross list price of 40,000 euros, up to 6,000 euros in subsidies can currently be obtained - from July 1, 2020, this amount will rise again to 9,000 euros.
The subsidies for high-priced vehicles, on the other hand, are somewhat lower. Between 40,000 and 65,000 euros gross list price, 5,000 euros in subsidies can still be applied for, or 7,500 euros from July 1, 2021.
Plug-in hybrids are also subsidized: up to a gross list price of 40,000 euros with a subsidy of 4,500 euros, or 6,750 euros from July 1, 2020. Plug-in hybrids between 40,000 and 65,000 euros gross list price are now subsidized with 3,750 euros, or 5,625 euros from July 1, 2020.
The aforementioned premiums apply both to the purchase of electric vehicles and in the form of a subsequent subsidy for vehicles that have already been purchased but on which no eco-rebate has yet been paid out. The latter can be subsequently subsidized again with 5,000 euros (used e-vehicles) or 3,750 euros (used plug-in hybrids).
In addition, there are lucrative premiums from manufacturers. Here, buyers can receive up to 3,000 euros in discounts on the purchase of battery-powered vehicles and, on top of that, can save VAT on the purchase.
Even more worthwhile: What to look out for when leasing an electric car
The aforementioned bonus conditions naturally also apply to leasing electric vehicles. Here, too, the leasing contract can be subsidized with the advantageous subsidies from the German Federal Office of Economics and Export Control (BAFA for short) - in addition, there is a substantial manufacturer's premium and savings on value-added tax.
However, in the case of leasing in particular, precise conditions must be checked: for example, the purchase (i.e. the start of the leasing contract) must be between 18.5.2016 and 31.12.2025. The e-leasing vehicle must not currently exceed a gross list price of 65,000 euros. And must be registered in Germany.
The currently particularly lucrative subsidy rates of up to 6,000 euros subsidy premium, on the other hand, only apply to leased vehicles registered later than 2019, 2020, 2021, 2022.
Regardless of the amount of the expected subsidy, applications for the premiums must be submitted to BAFA no later than 9 months after registration. Also, the vehicle itself must remain registered to the applicant for at least 6 months.
When the vehicle is leased, the manufacturer's bonus is offset directly - but the potential lessee must first make an advance payment for the BAFA premium. As a rule, the dealer requires a down payment of 50 percent of the expected BAFA premium.
How to apply for the BAFA premium for leasing
Applications for e-car leasing subsidies can be made on the BAFA website - the necessary documents can be found and filled out here. Application and receipt of the BAFA premium are realized in a one-step process.
As part of the BAFA application process, the following documents must be submitted to BAFA:
- E-car leasing contract
- Binding e-car order (contains the base price, special equipment features as well as price discounts)
- Calculation of the leasing rate (as well as a comparative calculation of the leasing rate to be paid without a corresponding personal share in the environmental bonus)
- Registration certificate part 2 (vehicle title)
- Verification package for used e-vehicles
The BAFA subsidy documents must then be completed by the lessee and uploaded to the BAFA portal. The documents are then checked again and if the decision is positive, the environmental bonus is then paid out to the applicant's bank account within a few days.
Calculating the leasing fees in a nutshell
If a private leasing of a RENAULT Zoe Life R110 is decided, the example calculation could look like this:
- Gross list price = 26,093 euros - 6,000 euros (BAFA premium) - 3,900 euros (discount from RENAULT) = 16,193 euros.
- Term = 48 months
- Total mileage = 10,000 kilometers/year (or 40,000 kilometers in total)
- Leasing rate = 154 euros per month
Commercial E-car leasing
From now on, you can also save a lot on commercial e-car leasing. The following example illustrates this:
If a commercial lease of a VW e-Up Style is chosen, the example calculation could look like this:
- Gross list price = 20,260 euros - 5,000 euros (BAFA premium) = 15,260 euros
- Term = 36 months
- Total mileage = 10,000 kilometers/year (or 30,000 kilometers in total)
- Leasing rate = 49 euros net per month
The leasing factor is also positively influenced by the provision of the BAFA premium when leasing e-vehicles. If this is below the 1.0 mark in the case of particularly good offers, real top offers can sometimes be realized in conjunction with the advantageous premiums.
For example, the leasing factor for the RENAULT Zoe Life R110 offer would be as follows:
154 euros (leasing rate) + -9,900 euros down payment (corresponds to manufacturer + BAFA premium) / 48 months (term) / 26,093 euros (gross list price) x 100 = 0.20 (leasing factor).
An exemplary leasing factor of 0.20 is, of course, an absolute dream value that cannot be realized in this form for conventional vehicles with combustion engines, which is why leasing e-vehicles is currently particularly worthwhile.
For which e-models leasing currently makes particular sense
Leasing e-vehicles sometimes makes sense for eligible vehicles in particular. These are e-models with a gross list price of less than 65,000 euros.
Furthermore, the eligible vehicles must be in the possession of the lessee or buyer for at least 6 months. In addition, leased vehicles are particularly interesting if, in addition to the already lucrative eco-rebate, they are also eligible for various price reductions from the manufacturer.
In this way, leasing factors of 0.5 or even 0.2 are possible in some cases (standard value would be 0.9 to 1.1). Nevertheless, the corresponding leased vehicles should be leased by the lessee between 1.5.2016 and 31.12.2025 (regardless of whether they are of a private or commercial nature).
Furthermore, the younger and more advanced the technology in the vehicle, the greater the chance of receiving the maximum subsidy of currently 9,100 euros on the gross list price.
Even leasing contracts that are already in force are affected by this and can still be subsidized with the advantageous environmental premiums by completing the BAFA application documents.
Hand in old vehicles directly and receive a better e-car list price
Potential lessees can also receive additional benefits by handing in their old vehicle at the same time as the new leasing contract, thus further reducing the gross list price.
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