Used EVs are delivering serious savings
Used EVs are delivering serious savings
Businesses are increasingly turning to used electric vehicle (EV) leasing as the most cost effective way to electrify their fleets, with many saving between 30% and 50% compared with leasing new models. Recent data highlights standout examples of customer savings, including major reductions on the Tesla Model Y, Vauxhall Mokka e and Volvo EX40. These sharper price points, combined with fast availability and full transparency on vehicle condition, are making EV adoption more accessible and affordable than ever before.
This surge in demand has helped establish used EV leasing as a core part of our fleet offering. Supported by a dedicated online portal and continuous customer feedback, the service provides a faster, more flexible alternative to new vehicle leasing for organisations looking to decarbonise without overspending.
A quicker, hassle free route to electrification
With many businesses looking to accelerate their EV rollout, speed remains a critical advantage. Through our used EV portal, customers can select a vehicle and have it delivered within just two weeks, which can be significantly faster than the wait times often associated with new EVs.
Every vehicle is thoroughly inspected, comes with a minimum six month MOT and, for all EVs, includes an Aviloo battery health check. This ensures complete clarity around vehicle condition and performance.
The numbers speak for themselves
Beyond the traditional 20–30% price reduction typical of used EV leasing, the latest delivery data shows even more compelling savings across some of the most popular fleet models.
Recent examples include:
|
Vehicle |
Average term |
Average annual mileage |
% saving vs new |
|---|---|---|---|
|
Vehicle Tesla Model Y Hatchback Performance AWD 5dr Auto |
Average term 36 months |
Average annual mileage 15,000 |
% saving vs new 50% |
|
Vehicle Vauxhall Mokka-E Electric Hatchback 100kW SRi Premium 50kWh 5dr Auto |
Average term 36 months |
Average annual mileage 8,000 |
% saving vs new 49% |
|
Vehicle XC40 (EX40) Electric Estate 300kW Recharge Twin Plus 78kWh 5dr AWD Auto |
Average term 36 months |
Average annual mileage 20,000 |
% saving vs new 46% |
|
Vehicle BMW iX3-E Electric Estate 210kW M Sport 80kWh 5dr Auto |
Average term 36 months |
Average annual mileage 15,000 |
% saving vs new 44% |
|
Vehicle Polestar 2 Fastback 170kW 69kWh Standard Range Single Motor 5dr Auto |
Average term 36 months |
Average annual mileage 15,000 |
% saving vs new 40% |
|
Vehicle Hyundai Kona Electric Hatchback 150kW Premium 64kWh 5dr Auto |
Average term 36 months |
Average annual mileage 15,000 |
% saving vs new 39% |
|
Vehicle Volkswagen ID.3 Hatchback 150kW Match Pro 59kWh 5dr Auto |
Average term 48 months |
Average annual mileage 8,000 |
% saving vs new 29% |
Lex Autolease data based on deliveries completed in January 2026. Both the new and used vehicle quotes were based on non-maintained contracts to ensure a like for like comparison.
These reductions put higher spec EVs within reach for more drivers, which continues to generate strong engagement and satisfaction across corporate fleets.
Supporting ESG goals without compromise
Sustainability is a driving force behind the service. With EV adoption closely linked to emissions reduction, offering more affordable leasing options helps businesses advance their ESG commitments while managing budgets responsibly.
Feedback from customers such as Telent and Daisy Communications has been crucial in shaping the service. As Daisy’s Head of Field Operations, Mark Dickinson, noted, used EV leasing provides all the benefits of new vehicles “without the delays… while also benefiting our ESG status and reducing monthly rental charges.”
Evolving with customer needs
Ongoing customer insight continues to refine the offer. For example, plug in hybrids were added to the available pool after several organisations highlighted the need for options better suited to higher mileage drivers.
We’re also developing options that allow customers to extend leases on EVs originally supplied as new, but at used vehicle pricing, helping businesses reduce costs while avoiding disruptive vehicle changes.
A more flexible, high value choice for fleets
Used EV leasing is now a proven way for organisations to balance sustainability goals with financial pressures. By giving businesses the option to combine new and used EVs within their fleets, it delivers meaningful flexibility and measurable cost savings across a wide variety of models.
For guidance on how used EV leasing could deliver value for your fleet, speak to your Lex Autolease account manager.
Article published March 2026
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