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Is Premium Diesel Worth It?

Choosing between regular and premium diesel can be a tough decision, especially when prices at the pumps seem to be continually on the rise. So, is premium diesel worth it? In this article we’ll unpack how the product compares to regular diesel and explore different scenarios where it is and isn’t worth paying more.

Diesel vs. regular petrol

Before we get stuck into the specifics of whether premium diesel is worth it, let’s take a moment to unpack the differences between diesel and petrol. For starters, diesel fuel is denser and packs in more energy per litre compared to petrol. The result? Diesel engines often achieve better fuel efficiency. This can make them a more cost-effective option for long-distance driving.

Take the 2024 Skoda Octavia Hatch for example, one of the most fuel-efficient diesel cars currently sold in the UK. It offers an impressive rating of 67.3mpg. The 2024 Volkswagen Golf isn’t far behind with 63.5mpg while the Mercedes-Benz C-Class delivers a remarkable 61.5mpg for its size.

Diesel engines also deliver more torque, also known as power. When it comes to accelerating, climbing steep hills and towing heavy loads, diesel engines generally outperform their petrol counterparts. As for emissions… While diesel has a bit of a dirty reputation, recent advances in engine technology have slashed carbon dioxide (CO2) and greenhouse gas (GHG) emissions.

Petrol engines are typically quieter and smoother, particularly in city traffic. They’re not as powerful as diesel engines but are usually cheaper and easier to maintain. From a running costs perspective, petrol cars cost less to fill as fuels like E10 (95 Octane), Premium Unleaded (95 RON) and Super Unleaded (97 / 98 RON) are usually cheaper than diesel.

What is premium diesel?

Now you’re up to speed on the differences between diesel and petrol, let’s take a closer look at where premium diesel sits in the equation. As the name suggests, the product is of higher calibre than regular diesel. It’s sometimes called ultra-low sulphur diesel (ULSD) and features added performance enhancers like detergents, lubricants and cetane improvers. These additives aim to boost performance, keep the engine clean, minimise wear and tear, and improve fuel efficiency.

Benefits of premium diesel

So, is premium diesel worth it? The answer all depends on your priorities, budget and the type of diesel car you’re looking to drive. Let’s take a closer look at some of the key benefits of premium diesel:

Enhanced engine performance

Premium diesel contains additives like cetane improvers, which supercharge the fuel combustion process. This helps the engine run smoother and more efficiently. Think faster acceleration, better responsiveness and a more enjoyable driving experience overall.

Enhanced fuel efficiency

Premium diesel does cost extra but enhanced efficiency helps counterbalance the cost. Detergents and lubricants help keep the engine clean and reduce friction, benefits that can improve fuel economy. Is premium diesel worth it for drivers covering long distances regularly? Probably, as the improved efficiency can translate into cost savings over time.

Reduced engine wear and tear

One of the top benefits of premium diesel is its ability to keep the engine cleaner. High-quality additives help prevent the build-up of deposits in the fuel injectors and other critical engine components. In the long run, this can increase the lifespan of the engine and minimise maintenance and repair costs.

Lower emissions

Is premium diesel worth it if you want to minimise emissions? Thanks to a cleaner combustion process, premium diesel fuels produce fewer harmful emissions compared to regular diesel. This is a big benefit if you want to reduce your carbon footprint without compromising on power or efficiency. Diesel hybrids from manufacturers like Mercedes, Audi, Volvo and BMW take things one step further with the efficiency and fuel economy of a diesel engine, combined with the environmental benefits of an electric motor.

Smoother cold starts

Chilly mornings are no match for premium diesel, which boasts excellent cold start performance. Additives help the engine start smoothly and quickly, even in cold temperatures. This is particularly beneficial in the UK, where winter temperatures can plunge well below 0°C and affect vehicle performance.

Potential for increased power

Premium diesel can provide an extra boost in power for high-performance vehicles. It’s all to do with the enhanced combustion process and cleaner fuel delivery system, which help to maximise the engine’s potential and unlock a more dynamic driving experience. For example, a high-performance model like the Audi S6, which can accelerate from 0-60mph in 5.0 seconds, would likely benefit from premium diesel. Smaller, zippier models like the Renault Clio? Not so much.

Is premium diesel worth it?

At the end of the day, the answer to whether premium diesel is worth it depends on your driving habits, vehicle and personal preferences. If you own a high-performance diesel vehicle like a Mercedes GLE 450D, the benefits of premium diesel may be more noticeable. Similarly, if you’re a regular motorway driver the additives in premium diesel can help maintain engine performance, especially in newer cars with advanced technology.

For older diesel vehicles, the benefits of premium fuel may be less noticeable. For example, if you drive an older Land Rover Discovery, standard diesel could be a more economical choice. The same goes for less powerful models like the Vauxhall Astra. It’s a great little car but there’s no need to splurge on premium diesel to enjoy it.

Enjoy the benefits of diesel with My Car Credit

At My Car Credit, we know that choosing the right fuel is just one element of car ownership. That’s why we’re committed to friendly, honest and hands-on customer service when it comes to helping our customers secure car finance. Whether you’re considering a reliable workhorse like the Volvo XC40 or a luxury model like the Range Rover Sport, we can help you secure flexible finance options for your dream diesel car.

Try our online finance calculator today or visit our only vehicle search tool and let us help you drive away in the latest diesel models that suit your lifestyle and budget to a tee.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

Are Used Car Prices Going Up or Down?

The past few years have shaken the economy in ways we’ve never seen before, and the used car market hasn’t escaped the tremors. Brits are paying more than ever for second-hand cars, with the latest data from Auto Trader revealing asking prices for used vehicles have risen consecutively for 29 months. Are used car prices going up or down? The answer is complicated.

Despite the market cooling down over the past few months, prices are 15% higher than this time last year. Currently, the average cost of a used car sits at just over £17,000. So, while prices for used cars are no longer climbing, they’re significantly higher than usual. Unsurprisingly, the price increase has put pressure on household budgets and pushed car ownership out of reach for many Brits.

So, when can you expect relief? Read on as we provide answers to the question, “are used car prices going up or down?”

Unpacking the used car price spike

Before we explore when used car prices might drop, let’s take a moment to unpack the price spike. This is important as it helps motorists understand why used car prices are so high and what’s driving the trend.

A ‘perfect storm’ of factors

Are used car prices going up or down? Over the past few years, the answer has been a resounding “up”. Market analysts blame a ‘perfect storm’ of factors for the unprecedented spike in used car prices. A global shortage of electronic components, in particular semiconductor chips, is a major contributor. During COVID lockdowns, many electronic factories were forced to shut down or significantly reduce production capacity. This wasn’t an issue at the time as the closures corresponded with shutdowns in the auto manufacturing sector.

The global semiconductor chip shortage

When production started up again, demand for electronic components surged. The average modern car contains thousands of semiconductor chips, which are used to power everything from fuel injection systems to driver-assist features and infotainment platforms. Factories have been unable to keep up with the immense demand, which has forced car manufacturers to curb production.

This has led to a global shortage in new cars. For example, Ford was recently forced to pause orders on best-selling models like the Focus and Fiesta in the face of semiconductor supply issues. In the United States, some automakers have taken a creative approach to the semiconductor chip shortage. Porsche has vetoed the microchip-powered adjustable seats usually featured in its luxury Macan SUV, while Peugeot has started to replace digital speedometers with traditional analogue dials in some models.

New buyers switching to used

In response to stock shortages, many motorists who would usually buy new are browsing the second-hand market. Naturally, the increase in demand has driven up prices. If you’re wondering “are used car prices going up or down”, this is one of the key drivers. While it’s good news for sellers, buyers are struggling to not only afford used cars, but track them down.

Public transport fears

A downtrend in public transport use has also increased demand for used cars. People who would usually ride the bus or train are now worried about the increased risk of infection from COVID and other viruses. While confidence in public transport isn’t as low as it was during the height of the pandemic, many Brits have made the switch to driving and don’t plan to go back.

The rising cost of living

If you’ve noticed your cash doesn’t stretch as far lately, you’re not alone. The cost of living is on the rise, with everything from groceries and petrol to energy bills and interest rates on the rise. Experts warn this trend will continue to fuel demand for second-hand cars. Why? In the face of rising living costs, buyers who would usually purchase new will discover a newfound appreciation for the savings associated with second-hand cars.

A gradual return to normalcy

So, are used car prices going up or down now? While they’ve been on the rise for more than two years, they’re finally starting to fall. So, what’s the magic number? Arno Antlitz, Chief Financial Officer at Volkswagen, predicts the semiconductor chip shortage could continue to plague the industry until 2024. When production returns to normal, the second-hand market will once again enjoy a steady supply of vehicles. This is ultimately what will push down prices and make second-hand vehicles more affordable in the UK and around the world.

Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA) agrees with the prediction that second-hand car prices will remain high for several years to come.

“Current new car volumes are restricting the number of part-exchange vehicles reaching the market that would normally help supply dealer forecourts, and at the same time some consumers needing a car quickly are turning to the used market to source a car.”

Relief is on the way

The good news? While instant relief isn’t on the horizon, analysts do expect used car prices to fall eventually. It’ll just be a gradual drop, as opposed to a dramatic downturn. As factories continue to ramp up production and manufacture new cars, the second-hand market will gradually return to pre-pandemic levels.

Are you thinking of buying a second-hand car? Now you know the answer to the question “are used car prices going up or down”, let’s talk about finance. With car finance, you don’t need to lower your expectations or feel priced out of the market. Instead, we match your application to trusted lenders who will spread out the cost of your car over several years. All you need is a good understanding of your responsibilities as a borrower.

Speaking of which, most lenders will check your credit score before approving your application. Wondering if you’re eligible? Check out our complete guide to Will I Get Accepted for Car Finance to find out more about how the process works.

We’re always here to help, so don’t hesitate to give us a call to chat about car finance options and get behind the wheel of a new car in a flash.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Small Splendour: What’s the Best Luxury Hatchback?

Decadent Driving: 7 of the Most Luxurious Cars

Power Up: 5 Types of Hybrid Cars

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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A Beginner’s Guide to Finding Car Insurance for Electric Cars

Electric cars have gone from futuristic novelty to everyday reality. Whether it’s a Tesla gliding down the M1, a Nissan Leaf squeezing into a tight space in London, or a MG4 tackling the hills of the Peak District, EVs are everywhere. And the movement isn’t slowing down. With ULEZ zones expanding, petrol and diesel bans looming and charging points popping up faster than Costa outlets, more and more British drivers are making the switch.

The numbers say it all. At the start of 2025, over 1.4 million fully electric cars were registered in the UK. This accounts for just over 4% of all cars on British roads. Back in 2021, that figure was just 1.2%, meaning the number has more than tripled in just a few years. Safe to say, EVs are here to stay.

One thing that catches many new EV owners out? Insurance. It’s easy to assume car insurance for electric cars works the same way as petrol or diesel cover. Until you start looking at policies and realise that things like battery cover, charging cables and specialist repairs make a difference.

If you’re considering buying an EV or switching your insurance, this guide breaks down everything you need to know about finding car insurance for electric cars, without the faff.

What is electric car insurance?

Electric car insurance isn’t wildly different from standard insurance, but EVs come with a few quirks. The key differences?

Battery cover – EV batteries aren’t cheap, and some policies don’t cover them if they’re leased.
Specialist repairs – Fewer mechanics are trained to fix EVs, which means repairs can cost more.
Charging equipment – Some policies protect charging cables, home charge points and even public charge mishaps (like if someone trips over your cable).

Because of these factors, EV insurance can be priced differently. Sometimes more, sometimes less, depending on the insurer and the model.

The bottom line? No matter what model you drive, having the right insurance matters. Whether it’s covering costly battery repairs, protecting your home charger or ensuring you’re not left footing the bill for third-party incidents, insurance for electric cars keeps you financially secure. With the growing number of electric cars on UK roads, insurers are adapting and offering tailored policies to give EV owners peace of mind. But it’s crucial to check exactly what’s covered before you commit.

The future of electric vehicles

With the 2030 petrol and diesel ban creeping closer, the transition to electric is well underway. The number of EVs on UK roads has tripled since 2021, and it’s only going up from here.

How does this affect insurance?

More insurers offering EV cover – Specialist policies are now common.
Cheaper premiums over time – As EVs become the norm, insurance prices will stabilise.
More second-hand EVs available – This means lower purchase prices and, in turn, lower insurance costs.
Government incentives – Perks like reduced Vehicle Excise Duty (VED) for zero-emission cars also make EV ownership more appealing.

Do insurers cover electric cars?

Yes. Most major companies, including Aviva, Direct Line and Admiral, offer car insurance for electric cars. Some providers even offer EV-specific policies, covering things like:

Battery repairs and replacement
Charging cable protection
Breakdown cover with mobile charging

Own a Tesla, Polestar or Porsche Taycan? Some policies require repairs to be done at manufacturer-approved centres, so check the small print.

Types of electric car insurance cover

Not all car insurance policies offer the same level of protection, and that’s especially true for EVs. Whether you’re driving a budget-friendly Dacia Spring, a mid-range Kia EV6 or a high-performance Mercedes-Benz EQS Saloon, the type of cover you choose can make a big difference if something goes wrong.

Here’s a breakdown of the main options:

Third-party only (TPO)

Covers damage to other vehicles and property.

Won’t cover your own EV. So if you’ve spent serious money on a Tesla Model Y or a Polestar 2, this could leave you out of pocket.

TPO is the bare minimum level of cover required by law. It’s often chosen by drivers of older, lower-value cars where repair costs wouldn’t justify a pricier policy. But with EVs generally costing more than petrol or diesel cars, this level of insurance for electric cars isn’t always the smartest choice.

Third-party, fire & theft (TPFT)

Adds theft and fire protection on top of third-party cover.

Still won’t cover your own EV if you crash or it gets damaged in an accident.

TPFT gives some extra peace of mind, especially as EVs are becoming a bigger target for thieves due to their expensive batteries and high-tech features. For example, some models, like the Kia E-Niro Electric Estate and Hyundai Ioniq 5, have been flagged as attractive to thieves because of their keyless entry systems. If you’re worried about battery theft or fire damage, this policy at least offers a step up from basic third-party cover.

Comprehensive insurance

✔ Covers everything. Your car, other cars, theft, fire and more. Basically, total peace of mind.
✔ Best for EVs because of the higher cost of repairs.

Comprehensive insurance is usually the best option for EV drivers. With repair costs higher than petrol or diesel cars (especially if something goes wrong with the battery) it makes sense to have full cover.

Let’s say you own a Volkswagen ID.4 and someone scrapes it in a car park and drives off. If you only have TPO or TPFT cover, you’ll be paying for those repairs yourself. But with comprehensive car insurance for electric cars, your insurer steps in to cover the damage.

Why choosing the right cover matters

EVs in the UK range from £15,000 for budget models like the Dacia Spring to £100,000+ for luxury vehicles like the BMW i7. Or if you’re feeling really fancy, the Rolls-Royce Spectre starts at a cool £330,000.

No matter what you drive, getting the right level of cover is important. Your policy will depend on:

The car’s value – A used Nissan Leaf might not need the same cover as a brand-new BMW iX SUV.
How often you drive – Full coverage makes more sense if you’re racking up miles for work.
Charging arrangements – If you rely on public chargers, cover for charging cables and accidental damage is worth considering.

With EV technology still evolving, repair costs remain higher than traditional cars, so opting for comprehensive cover is often the safest bet. A little extra on your monthly premium now could save you thousands later.

What extras can you secure on an electric car insurance policy?

EVs come with unique risks, so extra cover can make sense. Consider add-ons like:

Battery protection – If your battery isn’t covered, a replacement could set you back £5,000–£10,000.
Charging cable cover – Theft, damage and third-party liability (because tripping over a cable is a real risk).
Home charger cover – Some insurers cover damage or theft of your wall-mounted charge point.
Breakdown cover – Some providers now offer mobile charging if you run out of juice mid-journey.

Given the higher repair costs and specialist nature of EVs, checking your policy for these extras is essential. Whether it’s battery protection or charging equipment cover, having the right add-ons can save you money and hassle in the long run. A quick policy review now ensures you’re fully covered, before you need to make a claim.

How do you insure an electric car?

Insurance for electric cars is straightforward, granted you do the homework:

Compare quotes – Some insurers charge a premium for EVs, so shopping around pays off.
Choose the right coverage – Your policy should be based on the vehicle’s value and your individual needs.
Provide detailed information – You’ll need to disclose relevant information about the car, including battery type and charging requirements. Our advice? Be as thorough as possible when insuring electric cars.
Check insurance extras – Read the fine print and make sure you’re clear on coverage for extras like the battery and cables.
Declare modifications – Software updates and aftermarket chargers can affect premiums.

Does it cost more to insure an electric car?

It depends on the model. Some EVs cost more to insure because of battery replacement costs and specialist repairs. Others are cheaper, thanks to fewer moving parts and lower accident rates.

Policies can creep up due to:

- EV battery replacement costs – These can surpass £10,000 if not under warranty.
- Specialist repairs – Not all garages can fix EVs, so some insurers charge more.

Limited data for insurers – Insurance relies on statistics, and with EVs still relatively new, there’s less data available compared to petrol and diesel cars. The good news? As more EVs hit the road, insurers gain a better understanding of risks and repair costs, which should lead to more competitive premiums in the future.

Ways to save on EV insurance

Go for a model with lower repair costs – A Fiat Grande Panda or Citroen e-C3 costs less to insure than a high-end EV.
Improve security – Driveway parking and steering locks can reduce premiums.
Increase voluntary excess – A higher excess can lower monthly payments.

Electric car insurance should stabilise as EVs become the norm, just as it does with petrol and diesel cars. With more trained mechanics, better parts availability and insurer competition, premiums will likely become more affordable over time.

Financing an electric vehicle

There’s no sugarcoating it – EVs cost more upfront. While running costs are lower (no fuel, fewer mechanical issues and cheaper road tax for starters) the initial price tag can feel steep. That’s where car finance helps make EV ownership more accessible.

Here’s a look at your options:

PCP (personal contract purchase)

PCP offers lower monthly payments because you’re only paying for the car’s depreciation, rather than the full value. At the end of the term, you can buy the car outright, return it or part-exchange it for a newer model.

Lots of flexibility makes PCP ideal for EV drivers who like to upgrade as battery technology improves. It’s also great for models like the Tesla Model 3 or Porsche Taycan, where residual values tend to stay high.

HP (hire purchase)

HP spreads the full cost of the car over monthly instalments, so by the end of the term, you own the vehicle outright. No balloon payment required. Monthly payments are higher than PCP but there’s no mileage limit and you won’t need to decide whether to hand the car back.

If you’re planning to keep an EV long-term, HP makes sense for reliable models like the Mini Electric or Volkswagen e-Up.

Leasing

Leasing is like a long-term rental, with fixed monthly payments and no option to buy at the end. Since EV technology is evolving quickly, leasing allows you to upgrade to a new model every few years without worrying about depreciation.

Great if you want to experience the latest tech, like the Renault 5 Turbo 3E, Range Rover EV and BMW iX3 2025, without committing to ownership.

Government incentives and grants

The UK government offers various incentives to make EV ownership more affordable. These include:

OZEV electric vehicle chargepoint grants – Get up to £350 or 75% off the cost of installing a home charger.
Salary sacrifice schemes – Employees can save on an EV by leasing through their employer, thanks to tax-efficient salary sacrifice schemes.
Company car tax savings – EVs attract a much lower Benefit-in-Kind (BiK) tax rate (currently 2%), making them a cheaper option for company car drivers compared to petrol or diesel models.
ULEZ and Clean Air Zone exemptions – Electric vehicles are exempt from Ultra Low Emission Zone (ULEZ) charges and Clean Air Zones (CAZ).

With more financial incentives and falling EV prices, switching to electric is becoming more cost-effective, especially with the right finance plan.

Affordable car finance with My Car Credit

At My Car Credit, we help drivers secure affordable finance for EVs, whether you’re after PCP, HP or leasing options. With access to a wide panel of lenders, we help match you with a finance deal that fits your budget. Thinking about going electric? We’ll guide you through the process, so you can drive away in the right EV without overstretching your finances.

Partner with us and you’ll get:

Competitive rates from trusted UK lenders
A hassle-free online application
Quick decisions and flexible repayment options

Take the hassle out of EV financing

With over 1.4 million electric cars now on UK roads, EV ownership is no longer niche. As the market expands, insurance options are becoming more competitive. Checking battery cover, comparing quotes and understanding how EV repairs affect premiums will help you secure the right protection without overpaying.

Looking to finance an EV? My Car Credit offers flexible options to help spread the cost. Our friendly team is here to answer all your questions about finance agreements, electric car insurance and more.

Apply online today and start your electric journey with confidence.

Frequently asked questions about car insurance for electric cars

What is the best insurance for electric cars?

A comprehensive policy usually offers the best protection. Compare quotes to find a good deal and select coverage based on the vehicle’s specs and usage.

Can you insure an electric car without battery cover?

Yes, but battery repairs are costly. Full cover reduces financial risk.

Does my insurance cover charging cables?

Some electric car insurance policies do but it’s always worth checking. Theft and accidental damage may not be included.

Other helpful guides

8 Benefits of Getting an Electric Car on Finance

Electric Car: Lease vs Buy – Which is Best?

Electric Car FAQs – Where to Charge?

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Electric Car: Lease vs Buy – Which is Best?

PCP: Is It Worth It?

How to Get Car Finance with Poor Credit

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

car insurance cost of living electric EV tesla

Electric Car FAQs – How Much to Charge?

Most owners of EVs prefer to charge their cars at home, but it can also be done via workplace or public charging spots. The amount that it costs to charge an electric car inevitably varies between these locales. As such, the numbers provided below are a guideline rather than a hard-and-fast rule, but this article provides a good overview for how much it costs to charge an electric car..

How to charge an electric car

There are three main ways that an EV can be charged. Each one will impact how much it costs to charge an electric car.

Home

This is the easiest way to charge an electric car. It can be done via a three-pin domestic socket, but it’s more energy efficient to charge an EV with a dedicated home charger, as these are three times faster than a three-pin socket. As EVs become more popular, there are increasingly flexible at-home charging options available.

At-home charging is contingent on being able to install a unit for EVs, which can be pricey. You may be able to secure on OZEV grant in order to fund this, however.

Workplace

Check whether your employer has workplace EV charging, which is being introduced as a scheme to encourage commuters to switch to electric cars.

Public

The public EV charging network is vast, and it may feel overwhelming. Units can be found at locations including car parks, retail parks and service stations.

How much does it cost to charge an electric car?

Be aware that it’s difficult to provide an exact costing for how much it costs to charge an EV, because this will depend on energy providers, amongst a whole host of other factors, including the location, tariff, charging speed and the vehicle’s battery capacity.

Home

Exactly how much it costs to charge an EV at home will depend entirely on your energy tariff. It also depends on the car that you’re charging up. Smaller vehicles will cost less than larger SUVs.

However, as a general rule, it’s cheaper to charge your electric car at home than either at a workplace or public charging spot. Charging your EV to full capacity generally ranges from under £5 to around £15, depending on factors such as battery size and tariff.

If you’re looking to purchase an EV and are thinking about changing your energy provider, it might be an idea to look for tariffs with more affordable off-peak hours. You can take advantage of these off-peak hours to charge your vehicle, making use of the lower electricity prices.

Workplace

If your company provides workplace charging, you may benefit from discounted or even free charging, depending on their offering.

Public

There’s most variation in terms of how much you can expect to pay for charging an electric car via public infrastructure. Assume that charging your car to 80% capacity will cost anywhere from £7 to £10.

Rapid chargers tend to be the most expensive, but also the most time efficient, as they’ll charge your EV quicker than alternatives. Pod Point report that 30 minutes of charging at one of their rapid charging points at Lidl will cost around £6-7 and give approximately 100 miles of range. It’s slightly more expensive on their rapid chargers at Tesco.

There are also public charging networks like BP Pulse, which has over 9,000 public charging spots UK-wide and works via an app or membership card, offering either pay-as-you-go or subscription-based payment. Ecotricity is a greener option that operates via an app-based membership service, but there are others like GeniePoint and Shell Recharge, too.

Can you charge an electric car for free?

If you’re savvy about it, then there are ways to charge your electric car for free. Some retail parks and car parks offer the chance to do so – but be aware that you may need to pay for parking or conform to other regulations.

Tesco has partnered with Volkswagen and Pod Point, providing free charging on its fast charge points – but be aware that rapid charge points still require payment.

You can also use the Pod Point app and Zap Map to check for UK chargers near you. Use the filter tool to look out for free charging points, or opt for paid ones according to your need.

Cost-effective finance for electric vehicles

If you have doubts about how affordable owning and using an electric car might be, My Car Credit’s team of specialists can advise. We’ll give you an EV car loan quote and help you to find ways of driving more sustainably that won’t break the bank.

Get in touch today on enquiries@mycarcredit.co.uk and our helpful team will get back to you.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

Who is the Legal Owner of a Car on Finance?

What is CS Car Finance?

PCP Term: Everything You Need to Know

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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How to Reduce Your Car Running Costs

With cost-of-living prices rising, using your car regularly can seem like a financial burden. But there are key ways to reduce your car’s running costs – and we’ve consolidated eight of the best.

8 tips for reducing car running costs

Choose your fuel wisely

Avoid opting for premium fuel. Whilst premium fuels advertise benefits for a car’s performance, unless the vehicle actually is a performance vehicle, these are broadly negligible, but you’ll still end up paying more for the privilege.

Apps like the AA’s can help you to find the nearest cheap petrol stations, and you may benefit from supermarkets or fuel retailers’ loyalty cards, which can help you save money on fuel over time. Be sure to make use of technology and other savvy tricks like these in order to reduce car running costs.

Keep your car properly maintained

Getting your car serviced is an outgoing cost. But doing so will actually reduce overall car running costs, as you’re ensuring that the vehicle is kept at optimum efficiency.

It’s far better to send your car in for a regular service, which might set you back a relatively small amount, compared to having a major malfunction which incurs a significant expense.

Check tyre pressure

Keeping on top of your vehicle’s tyre pressure is one of the best ways to reduce the car’s running costs. Tyres that are underinflated will tend to use more fuel as a result of greater drag, which can leave you with higher costs over time.

Check your vehicle’s tyre pressure every fortnight. You can typically find the correct figures for your car on the inside of the driver’s door, but consult the handbook if you’re in doubt.

Drive carefully

There are many good driving habits that can help to reduce car running costs.

When the car is cold, drive gently, as this is when they’re less efficient. Accelerate gently too, and aim to drive at a steady speed. If you see red lights or a queue, ease off the accelerator. Keep your engine revs down – revving causes the engine to spin faster, which consumes more fuel.

You can also follow other good habits like keeping the windows up for minimal drag. Remove any excess weight in your vehicle’s boot, or any roof racks for the same reason. If you can go without aircon, then do so, as AC drains fuel. You can also avoid wearing heavy or thick shoes to drive, as these are less sensitive to small changes in the clutch and accelerator.

Learn what hypermiling is and practice it, as this will help you to maximise your vehicle’s MPG (miles per gallon).

Know your car finance caps

Certain kinds of car finance can have usage and mileage caps for vehicles. Be sure that you stick to these, otherwise you may end up overspending on surcharges.

Choose insurance wisely

Car insurance can be expensive. Shop around and haggle before settling on a policy or premium.

Consider getting a black box, which will reward careful drivers, or add a more experienced driver onto the policy to push costs down. You could also choose a car that typically resides in a lower insurance group in order to secure a cheaper premium. Remember that sophisticated trims (special equipment or features) add to a vehicle’s overall cost and will, therefore, impact any payout.

Be sensible about parking

Use apps to search around for cheaper parking, and always adhere to local guidelines so that you don’t incur a penalty.

Park your vehicle away from others, too. That way, you minimize any risk of damage, which might impact its resale value or result in expensive repair fees.

Ensure you’re on the best possible car finance deal

If you’re in the market for a new vehicle, then finding the best possible car finance is a sure-fire way to make the purchase more financially manageable. With car finance, you’ll pay a series of pre-agreed monthly instalments, making the process of owning and using a vehicle more accessible.

Take care to do your research and you should be able to make your monthly repayments more affordable.

Cut your costs with affordable car finance

There are many different types of car finance to suit your needs and requirements, and even ways of securing car finance with poor credit.

If you’re looking to drive down car running costs, be sure to contact My Car Credit today. We’ll provide you with a no-obligation quote and help you find an affordable deal.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

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Check for car finance without affecting your credit score

Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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Electric Car FAQs – Where to Charge?

Electric Car FAQs – Where to Charge? If you’re thinking about switching to an electric car, “where to charge” is one of the most common concerns. After all, you can’t drive an electric vehicle that’s not powered up.

Thankfully, infrastructure has improved vastly over the past decade. Nowadays, there’s a long list of options for choosing where to charge your electric car. Read on as we discuss each of them with their pros and cons.

Where to charge your electric car

At a fuel or service station

We’ll start with the most obvious – the place all drivers go for their petrol and diesel. Service stations and fuel stations offer the fastest way to charge an electric car. That’s because most of them are equipped with rapid or even ultra-rapid chargers providing 43+kW of power.

These chargers have DC connectors, meaning they convert power before feeding it into your car’s battery for faster charging. As a result, they can typically charge up to 80% within 30 minutes. That means you don’t have to wait around or hold up the queue when you’re “filling up”, so to speak.

One downside, compared to the options we’ll go on to discuss, is that this rapid-charging service comes at a premium. As well as the cost of electricity, you’ll be paying a little more for every kW of energy you use at a fuel or service station.

At home

Even with rapid or ultra-rapid charging, it’s not ideal having to go out and wait for 30 minutes every time you need to power up your car. Where better to charge an electric car than at your own home?

It’s no surprise that at-home charging is becoming more and more popular as people switch to electric. To be clear, we’re not talking about a standard 3-pin plug socket. While they can be used for emergencies, they only provide around 3kW of power. That means they can take anywhere between 15-40 hours to fully charge a car. Not to mention the issues with weather and trip hazards if you don’t have a suitably located and protected outdoor socket.

Instead, the majority of people who purchase an electric car will also look into getting their own home charger. These typically come with 3.6kW or 7kW ratings, which are referred to as slow and fast, respectively. With a 3.6kW charger, it can take between 10-20 hours to fully charge a car. That’s cut to 5-10 for its 7kW counterpart.

Charging at home with a dedicated charging unit is undoubtedly the most convenient option. Many people choose to charge overnight so their car is powered up and ready to go in the morning. That may also allow you to take advantage of cheaper off-peak energy prices, depending on your tariff. Either way, your home is the cheapest place to charge an electric car – excluding the odd free charging opportunity we’ll cover below.

In car parks

As electric cars become more and more popular, car parks are having to adapt to meet demand. From supermarkets, retail parks and shopping centres to gyms, cinemas and town centres, electric charging facilities are being installed as a way to modernise car parks and attract customers with electric cars.

Needless to say, this is just as convenient as home charging because you can charge while you shop, exercise, eat or even watch a film. In some cases, businesses or councils will even provide charging for free as a way to incentivise using the nearby facilities or attractions.

As an example, Tesco has rolled out free 7kW charging at some of its stores, with the option to pay for a faster service. That can give you up to 50 miles per hour while you shop. It’s worth noting that these car parks will have a maximum stay – usually 2-3 hours for Tesco – so you can’t rely on them for anything more than a top up.

At work

Private business car parks are another place where electric charging units are popping up. There are a variety of reasons behind this, including:

Convenient charging for their own electric fleet
Making chargers available to visitors and clients
Providing an additional perk for employees
Boosting a company’s green image

Since 2016, businesses have also been able to claim back some of the installation cost. With the Workplace Charging Scheme, they can claim up to £350 per unit for as many as 40 chargers. This has no doubt made them more appealing to businesses throughout the UK.

So, if you’re wondering where to charge an electric car, your own workplace could be the answer. Some companies will provide charging to employees for free as a perk, others will require payment.

Which is best for you?

With the four options above, there’s plenty of choice when you’re wondering about where to charge your electric car. In terms of which is best, it depends on your requirements, nearby facilities and how you use your vehicle.

In most cases, a home charger is a smart investment as it will always be available when you need it. If you have electric vehicle charging at work and mainly use your car for commuting, however, you may be able to get by without a home charger.

Thankfully, you don’t have to decide between the different options. It’s perfectly normal to have a home charger but use supermarkets, work chargers and even service stations for a top up whenever it’s needed while you’re out and about.

Upgrading to an electric car

“Where to charge” isn’t the only query from people who are looking to make the switch from petrol or diesel to electric. With electric cars relatively new on the scene, tackling the up-front cost is another area of interest. Thankfully, car finance can help you surmount that hurdle by spreading the cost over several manageable monthly payments.

At My Car Credit, we’re dedicated to helping drivers across the UK upgrade their ride – including those keen on green electric cars. Use our car finance checker to get a better idea of how much it will cost, then let us compare deals from a large network of trusted lenders to find you the best rate. You’ll have an estimated monthly cost quicker than you can say “ultra-rapid charging”!

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

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Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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5 Fuel Saving Tips to Combat the Cost of Living

Man filing up his car with petrol to save on fuel

If you regularly use your vehicle and need it for work, then major increases in fuel prices can cause real problems for your monthly finances. However, there are ways of being economical with fuel in order to make your purchases go that little bit further.

Remember, when you’re shopping around for a car, look for one that’s fuel efficient. A car’s fuel efficiency is determined by its MPG (miles per gallon), and it’ll make a big difference to your regular fuel expenditure.

Fuel saving tips – the top 5

Go easy on your speed and accelerator

Sometimes you may just need to put your foot down (within the legal limits), but speed and use of the accelerator are two of the biggest factors that impact fuel consumption.

Go easy on the accelerator, and try to keep your driving smooth. If you’re in the highest gear possible, you’ll be using less fuel, but you need to ensure that you’re safely in control when doing so. Keeping revs down is also key, as revving causes an engine to spin faster, which guzzles fuel.

Practice good driving habits

If you’re approaching red lights, ease off the accelerator as you get closer to gently slow down. This is known as defensive or anticipatory driving and is a sure-fire way to save on fuel. It also typically means you’re more alert to your surroundings, making you a safer driver overall.

Vehicle maintenance

Keeping your vehicle well serviced will not only ensure that it’s safe to drive, it’s also one of the best fuel saving tips. Why? That’s because it guarantees the vehicle is working at optimum efficiency.

Monitor tyre pressure

Keeping on top of your tyre pressure makes a significant difference with fuel efficiency. The lower your tyre pressure, the more fuel the car will need as a result of resistance.

As such, it’s best practice to keep on top of your tyres between services – every fortnight or so is best.

You should be able to locate figures specifying your vehicle’s optimal tyre pressure on the inside of the driver’s door, but consult the handbook if this is tricky to find. Keeping on top of your tyre pressure can also help maintain your brakes, as tyres that are wrongly inflated will impact their wear and tear.

Maximise aerodynamics

This sounds a tad technical, but it boils down to minimising any drag or interference on your car. Roof bars and racks will result in higher fuel usage as a result of wind resistance – even if the rack’s empty.

Reducing the load carried by your car is also a top fuel saving tip. Clear out your car boot whilst you’re removing the roof rack, bicycle carriers, or any other bits and pieces.

Update to a new fuel-efficient car

If you’re concerned about your vehicle’s fuel efficiency and are looking to purchase an alternative, My Car Credit can help you to get car finance on a variety of cars from new or used dealerships – or check out our approved list of nearly-new vehicles to choose from.

Our easy-to-use car finance calculator will also ensure you find affordable financing options. Have more questions about buying a fuel-efficient car on finance? Get in touch with our friendly team on 01246 458 810 or enquiries@mycarcredit.co.uk.

Rates from 9.9% APR. Representative APR 10.9%

Evolution Funding Ltd T/A My Car Credit

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Loan amount

£

Repayment term

My credit rating

X monthly repayments of
^£X

Typical rate

Loan amount

Total payable

X% APR*

£X

*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 10.9%, annual interest rate (fixed) 10.87%, 47 monthly payments of £191.50 followed by 1 payment of £201.50 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,702, total amount payable £9,202.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!

or call 01246 458 810

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