Your Definitive Guide to the BYD Seal Electric Car Lease

The BYD Seal Electric Car Lease - Your Definitive Guide

The push to zero-emissions isn’t just about electric cars it seems. While the ZEV Mandate is pushing manufacturers of the various cars, vans and commercial vehicles into zero-emissions, there is nothing to say that these need to be lithium-ion batteries and electric based.

Indeed, there are investigations into hydrogen as another fuel source for creating a sustainable and zero-emission future across Europe. One of the main proponents for hydrogen technology are the BMW group who have been utilising hydrogen for many years, even more recently with the uptake of all-electric products.

More recently an iX5 concept was announced which is capable of around 300 miles of range (WLTP) and which can be refuelled in a shorter period of time compared to an EV. As we discuss in many of our EV news and reviews guides, each electric car will have a different AC (slower) and DC (quicker) charging capability.

In a slightly different twist, the Defence Ministry will be implementing hydrogen as part of their electrification strategy. The MoD will be utilising Hydrogen Power Units (HPU) to convert hydrogen into electricity. This forms part of a green strategy to enhance the MoD’s sustainable fleet and to provide more off-grid reliance.

Since August 2023, three sites - Leeming, Devonport and Colchester - have been using this approach. Following its success, more sites will be used as part of moving the MoD to electric vehicles.   

Is no-deposit available with EV's?

However, for the personal and business customers in the UK who are still content with the lithium-ion setup in their EVs, there are a swathe of good products to choose from - like the Chinese BYD pictured here. As part of leasing or contract hire arrangements, we do get asked about the deposit required within our deals.

To be clear we use the term initial rental as opposed to deposit in the leasing world, as we offer what is phrased a “usership” finance product. When you take a lease you are using a vehicle for a predetermined amount of time - 2, 3 or 4 years - with the undertaking to return it at the contract end. In this way, the contract is different to a “purchase” product like hire purchase or contract purchase.

For a customer looking to lease an EV, but with minimum initial capital outlay, there is the opportunity to look at the no deposit / no initial rental. Many websites, like e-car lease, will default to higher initial rentals so it is important that you select 1 on the number of initial rentals you wish to make, as this is saying you need a 1 + 23 / 35 / 47 contract.

What you pay in month 1 will be reflected in the subsequent months. However, because you make a lower initial rental you will notice that the monthly price will change and becomes seemingly more expensive. Again, contract hire is a little different in that the product is not heavily influenced by interest rates; when you make the lower initial rental the overall cost of the agreement is the same.

So, in making a small or big initial rental, it will not influence your overall costs (Whole of Life), as it is more about the personal preference you or the business has. For example, some businesses use no-deposit for their salary sacrifice schemes or company car fleet policies. For private individuals on a personal lease, there is sometimes a preference to minimise capital outlay as a way of protecting the cash-flow.

For BYD leasing customers, the zero-deposit (no initial rental) is available by simply selecting this on the website (or by asking our expert team). The Seal is very much the answer to the Tesla Model 3 and the Polestar 2, which have been incredibly popular in the leasing market.

The Excellence model shown here (which starts at £45,695) comes with LED headlights, panoramic roof, electric tailgate, 19” alloys, electrically folding/heated doors mirrors, privacy glass, multifunction steering wheel (Heated), electrically adjustable driver’s seat with lumbar support and heated/ventilated, climate control, auto-dimming rear view mirror, 10.25” instrument panel, 15.6” rotatable touchscreen, 12-speaker Dynaudio sound, HUD, Apple CarPlay, front/rear parking sensors, 360 degree camera, adaptive cruise control, keyless entry/start, smart key and heat pump.

The exterior colours include the Indigo Grey, Shadow Green, Ice Blue, Polar White, Space Black and Atlantis Grey. Inside the choices include black or Tahiti Blue.

In terms of the car shown, the BYD SEAL SALOON 390kW Excellence AWD 83kWh 4dr Auto, this is based on the following configuration:

•  Space Black Metallic  Paint
•  Leather - Black
•  Both Mode 3 / Type 2 Charging Cable (Public Charging & home wallbox charger – Fast & Mode 2 / 10amp 240v Charging Cable (Domestic 3 pin plug - Slow charging)

Seal AWD Excellence- the 82.5 kWh lithium-ion battery will offer 0 – 62 times of 3.8 seconds, 112 mph top speeds and 390 kW (or 523 hp). This model is a AWD option. Expect a combined winter range of 235 miles with warmer weather allowing for 315 miles - 275 miles combined.

On charging, the 11 kW AC max will allow 9 hour 0 – 100% charging times with the150 kW DC maximum allowing 38 minute 10 – 80% times. This has a cargo volume of 400L and vehicle fuel equivalent of 135 mpg. The Seal will feature bidirectional charging - a 3.kW AC Vehicle-to-Load (V2L).

An outdoor port means you can power external devices too. Towing capacities are 750kg (unbraked) and 1500kg (braked).

For the best BYD Deal deals head to our special offer page l or build your ideal car on the BYD manufacturer website and send this to our expert team.

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