Important update
    Motor finance commissions arrangements

    The Supreme Court has handed down its judgment in relation to the appeal regarding the motor finance commissions arrangements. Close Brothers is considering the judgment – any updates will be made available on our website. We continue to operate as normal and understand the importance of keeping our customers informed.

    Lead the charge with alternatively fuelled vehicles (AFVs)

    Our industry is changing, and your customers are changing too.

    Over the last few years, consumer interest and attitude towards alternative fuel vehicles (AFVs) has shifted. There’s an increasing amount of evidence to show this market is set to grow.  

     

    To help you lead the charge in this market, we’ve created a guide which provides you with the information you need to start selling AFVs confidently, it covers:

    • The evolving AFV market
    • AFV myth-busting
    • Five top tips to get your dealership ready
       
    65% of dealers saw an uplift in the number of customers interested in AFVs and Electric Vehicles (EVs) in the last year.

    Finance for AFVs

    We have a range of finance options available to support your customers that may be interested in financing their AFV.

    Electric

    Personal Contract Purchase (PCP)

     

    Vehicle age (start-end)

    • 5 - 8 years

    Mileage (start-end)

    • 70 - 100k

    Annual mileage (min-max)

    • 6 - 25k 

    Petrol, Diesel and Hybrid

    Personal Contract Purchase (PCP)

     

    Vehicle age (start-end)

    • 5 - 9 years

    Mileage (start-end)

    • 70 - 120k

    Annual mileage (min-max)

    • 6 - 25k 

    Electric

    Conditional Sale and Hire Purchase (CS/HS)

     

    Vehicle age (start-end)

    • N/A

    Mileage (start-end)

    • 70k - N/A

    Annual mileage (min-max)

    • N/A

     

    Frequently Asked Questions 

    We’ve pulled together some questions that your customers may ask about AFVs. 

     

     

      Are AFVs more expensive than petrol or diesel cars?

      While AFVs might have a higher initial purchase price, their lower running and maintenance costs can make them more economical in the long run. That being said, as more manufacturers enter the AFV market, they’re becoming more affordable – as of June 2025, there are 12 new electric vehicles listed under £30,000.

      Are there enough charging points in the UK?

      As of the end of May 2025, there are over 80,000 charging points across the UK, and a new charge point is installed every 29 minutes. The Government is investing over £2.3 billion to ensure the number of charge points continues to grow.

      How long does it take to charge an AFV?

      Charging time depends on the type of charger. Home chargers are typically slower, with most people charging their car fully overnight – similar to charging a phone overnight. Rapid chargers at public locations can charge a car from 10%-80% in 20-30 minutes.

      How many models can I choose from?

      As more manufacturers enter the market, the number of AFVs available is increasing month on month. There are currently 135 electric, 100 plug-in hybrid and 50 hybrid models in the UK market for you to choose from.

      How long is the range on these vehicles?

      Different AFV types have different ranges. Typically an average electric vehicle has a range of 200-230 miles, and an average plug-in hybrid has an electric only range for 35-50 miles, or a total range of 350 – 450 miles.