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The introduction of luxury electric cars is an interesting one for many personal and business leasing customers who are considering more than just the monthly rental. Running a new vehicle (especially an expensive, luxury or performance one) does require consideration of the wider costs. These can include elements like:
It is the latter that is now a question which even electric car drivers are asking, with the Government having recently made adjustments to the way in which this is calculated. To be clear, the Vehicle Excise Duty which you pay on your vehicle is attributed to the CO2 emissions it produces and the list price (for the 2nd year onwards).
For example, if a car emits 1g/km of CO2( or more) and has a list price over £40,000, then a more expensive rate of VED will apply to the calculation. And list price is calculated in accordance with the RRP plus any non-standard options, delivery charges and VAT. Your leasing broker or finance company will be able to provide you with this information at quotation stage.
From 6 April 2024, if you lease a pure electric vehicle (zero-emission) then you will pay £0 in VED for year one. For year 2 onwards, for any EV registered between 1 April 2017 and 31 March 2025 there is £0 of road tax to pay - we call this the standard rate.
While there has been some conjecture on the new approach from the Government, until next year our EV customers are reasonably unaffected. However, there are going to be some changes for those zero-emission vehicles which are registered on or after 1 April 2025 which includes:
For any customers looking to go electric on, or after, April 2025, this VED change will need be considered as part of the Whole of Life cost analysis. While in many cases, this will not be a huge cost to the individual or business, these are elements which do at least need to be considered as part of the arrangement. And for those EV customers looking at performance vehicles, like the upcoming Maserati Grancabrio, the sizeable Expensive Car Supplement is well worth noting!
The upcoming Maserati will be one of very few all-electric convertible options to lease. So far, only MG with their upcoming Cyberstar which arrives in Summer of 2024 or the Abarth and Fiat 500e options are available. But as the Maserati website suggests “a passport to pure pleasure” is available with this new iconic motoring solution. The Italian car makers are looking to bring modernity and technology but with a balance against the tradition and elegance which their customers have consistently enjoyed.
Key aspects on the upcoming Maserati GranCabrio include - a grand touring attitude based on the athletic but refined finish (plus the capability to carry a driver and three passengers). The iconic Trident on the front grille through to the full LED headlights provide a striking impression on this soft-top.
And inside the Italian artisan finesse awaits with carefully selected materials and cutting-edge technology. The driver will enjoy the open-air grand tour, Maserati Intelligent assist, 12.2” digital clusters, HUD, all-digital 12.3” driver display illuminating triple air vents, configurable torque distribution and traction control plus a completely bespoke vehicle selection and builder.
The AWD convertible option will have a 83 kWh usable battery which will offer 0 – 62 times of 2.8 seconds, 180 mph top speeds and 560 kW (or 751 hp). Expect a combined winter range of 210 miles with warmer weather allowing for 280 miles.
On charging, the 22 kW AC max will allow 4 hours and 30 min 0 – 100% charging times with the 270 kW DC maximum allowing 19 minute 10 – 80% times. A cargo volume of 526L is available with this car. It has a vehicle fuel equivalent of 119 mpg.
Just head to Maserati website directly at - https://www.maserati.com/us/en/shopping-tools/configurator#bp-grancabrio or register your interest with our e-car lease expert team. While we do have a range of Maserati leasing deals on the website at - we are still awaiting the updated details for the new convertible EV.
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