The option to purchase your lease car at the end of the lease term is at the complete discretion of the leasing company. Some leasing companies do consider and allow individuals to purchase a previously business leased EV, however, not all do.
As the vehicle is a business lease vehicle and therefore being leased by the employer, the employee will need to make any request to purchase the car through their employer in the first instance.
Should the leasing company offer the opportunity to purchase the vehicle, this process involves obtaining a quote for the remaining value and purchase price of the vehicle. Here is the what the lessors themselves say:
Novuna
“In certain circumstances there may be an option for customers to purchase a pre-leased vehicle as long as the terms of the lease agreement have been fully satisfied.” For more information on Novuna’s purchase terms click here
Lex Autolease
“The Lex Driver Sales service is now being operated and provided by BCA Remarking Solutions (BCA) Driver Sales Team. Please note, due to tax considerations if the vehicle is leased through a corporate master hire agreement, BCA will be unable to sell, invoice or register the vehicle to the company named on the lease agreement (the "Lessee"), or to a director of the Lessee or their partner or spouse, or a company with a financial link to the Lessee.” For more information on Lex Auotlease’s purchase terms click here
ALD
If you have a Contract Hire agreement with us in the name of a company, we are unable to sell the vehicle to the company hiring the vehicle from us. To do so would breach various tax and VAT regulations. However, subject to the customer company providing its permission, there may be an option for a company director, employee, friend or family member to buy the vehicle.For more information on ALD’s purchase terms click here.
Alphabet
“We can take the hassle out of buying a used vehicle, by offering you the chance to buy your lease vehicle at the end of your contract.” For more information on Alphabets purchase terms click here
Most lease companies will have terms and conditions regarding the timeframe in which the employer/employee can request to purchase the car so it’s best to learn what these are. Sometimes this timeframe is 2-3 months before the lease is due to end.