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.
Why choose business contract hire for electric vehicles?
We give you the whole EV package
Car, home charger, 5000 miles of free charge, servicing, maintenance, breakdown and tyres.
Electric vehicles can help your company save on tax
Benefit-in-Kind tax which is exclusively for EVs is capped at just 2% until 2025.
Claim back VAT with BCH
If you’re VAT registered, claim back 50% VAT on your lease & 100% VAT on maintenance.
5-star customer service to help you choose the right EV
Our EV experts help you choose the right EV for you. Impartial advice. Every time.
First 5,000 miles of driving is free
Get 5,000 free miles of home charging with Intelligent Octopus.
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 experts
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. Your company would ideally have done 2 years of trading before applying for credit. If you've got questions then you can find out more on our FAQ page.