Big Motoring World has increased the value of its EV finance contribution from £500 to £750 and extended it to the end of the year.
The comprehensive EV package has already generated record EV sales for the Group, year-to-date, with EVs comprising an 18% share of its total sales, double the figure across the same period last year.
Laurence Vaughan, CEO at Big Motoring World, said: “We aim to provide our customers with the best choice and value available in the used car market.
“The majority of our stock is priced at 95% of the market value, and this expanded EV deposit contribution marks our commitment to make sure that price is not a barrier to electrification.”
According to Autotrader, Big Motoring World outperforms the market’s average for EV speed-to-sale by 30%, with its plug-in vehicles typically leaving the forecourt after just 21 days.
Customers purchasing a used EV from Big Motoring World have access to preferential finance rates as low as 9.9% APR (11.9% APR representative).
Once a finance deal is agreed – either as a Hire Purchase or Personal Contract Purchase plan – participating lenders will add £750 to the customer’s deposit.
Alongside the Group’s standard 90-day warranty, customers can buy a ‘Big Assist Protect EV & Hybrid Warranty’ as a one-, two- or three-year package.
The warranty will cover repair or replacement battery costs, up to a value of £10,000, with no limit on electrical parts for an EV or mechanical parts on a hybrid model.
The package includes 12-month’s RAC breakdown cover and a guaranteed courtesy car if the customer’s vehicle cannot be repaired on the spot.
