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Cars driving through a business street

Switch to electric with our business car leasing

Cost-effective electric vehicle leasing for businesses from the best range of EVs.

Business car leasing deals

Check out our latest EV deals for businesses, including cars with speedier delivery, beating global supply chain issues.

What is business contract hire?

Business contract hire (BCH) is a business car leasing agreement for sole traders, limited companies and partnerships who want to lease a vehicle rather than own it. VAT registered companies can claim back 50% of the VAT on vehicle payments and 100% VAT for maintenance costs.

A complete fleet solution

If you've got a fleet of 20 or more vehicles you can take advantage of tax incentives when you switch to electric with our flexible fleet agreements.

With competitive pricing, flexible terms, workplace charger installation, at home charging, and the ability to track all your company charging in one dashboard. You can get the complete fleet solution from Octopus.

Why choose business contract hire for electric vehicles?

Get the whole EV package

Car, 4,000 miles of free charge, EV tariff, servicing, maintenance, breakdown and tyres.

Electric vehicles can help your company save on tax

Benefit in Kinds is lower for EVs than petrol or deisel cars.

Claim back VAT with BCH

If you’re VAT registered, claim back 50% VAT on your lease & 100% VAT on maintenance.

4.8 star customer service to help you choose the right EV

Our EV Specialist help you choose the right EV for you. Impartial advice. Every time.

First 4,000 miles of driving is free

Get 4,000 free miles of home charging if you switch to Intelligent Octopus Go.

Zero hassle at the end of your electric car lease

Once your lease is up just return the car. No hassle, no residual value risk.

How does business contract hire with Octopus Electric Vehicles work?

  • Pick your EV

    Choose from the top EVs on the market, with advice from our impartial EV Specialists

  • Choose your mileage and length of agreement

    Decide how many miles you plan to drive, and how long you want the agreement for

  • Choose your initial payment

    Either 3, 6, 9 or 12 months’ worth - no hidden setup fees

  • We take care of the paperwork

    After a couple of quick checks on our side, all you need to do is sign

  • Hit the road!

    Need a hand? Our amazing operations team are here to help you get going.

Is business contract hire right for your company?

Do you pay yourself through dividends or want to upgrade a company car fleet to electric? Business contract hire is the quickest and easiest way for companies to switch to electric vehicles.

What is Business Contract Hire for EVs?

Business Contract Hire (BCH) is essentially car leasing for small companies. It's ideal for you if pay yourself through dividends. It's perfect for sole traders, limited companies, and partnerships. Our offer is a great way for small companies to make the switch to electric.

Can any business lease a car?

As long as you're either a sole-trader, pay yourself through dividends, are a limited company, or a partnership you can get a BCH agreement.

Learn more about how to lease an electric vehicle through your business in our handy guide.

Is Business Contract Hire tax deductible?

Yes, to an extent. Assuming you're VAT registered, you can claim 50% off VAT on the contract hire, 100% off VAT on maintenance and 100% off VAT on commercial vehicles.

Do you pay VAT on Business Contract Hire?

Yes, but you can claim a lot of it back! 50% off VAT on the contract hire, 100% off VAT on maintenance and 100% off VAT on commercial vehicles.

How do I get Business Contract Hire?

Book a call with one of our BCH experts who can run through your options in detail.

Visit our FAQ page