Hybrid
car finance

What is a hybrid car?

A hybrid car has two power sources – a petrol or diesel engine and an electric motor. The car can use one or both, depending on the situation.

At lower speeds, the electric motor does most of the work, saving fuel. When more power is needed, the engine takes over or works together with the motor. This helps cut CO2 emissions and makes hybrids more fuel-efficient than normal petrol or diesel cars.

Because they produce less pollution, hybrids are great for city driving and ultra-low emission zones (ULEZ), where cleaner cars are encouraged.

At Carboom, we help you find the right hybrid car finance options to suit your budget. Explore your options today and take a step towards a greener drive.

Can I buy a hybrid car on finance?

Yes, you can! Hybrid cars on finance are more accessible than ever, and you don’t need to pay the full cost upfront. With a quick and simple process, you could be driving a hybrid car while spreading the cost over monthly payments.

At Carboom, we make hybrid car finance easy. Apply online today and see what options are available for you!

How it works

• Fill out a quick online application – Apply in minutes to check your hybrid car finance options.
• Get a soft credit check – This won’t impact your credit score but helps find the best hybrid car finance deals for you.
• Choose your car and finalise the agreement – Once approved, pick your hybrid car from a trusted dealer. Our team will guide you through the process to keep everything smooth and stress-free.

Types of hybrid car finance deals

If you’ve decided to finance a hybrid car, there are two main options: Hire Purchase (HP) and Personal Contract Purchase (PCP). Both let you spread the cost with monthly payments, but they work in different ways.

Hire Purchase (HP) – own your car at the end

With HP finance, you pay a deposit upfront, followed by fixed monthly payments. Once you’ve made the final payment, the car is yours to keep. There are no mileage limits, and you won’t have a large payment at the end.

Personal Contract Purchase (PCP) – lower payments, more flexibility

With PCP finance, your monthly payments are usually lower than with HP. That’s because you’re only paying for part of the car’s value. At the end of the agreement, you have three choices:

• Return the car (as long as you stay within the mileage limits).
• Trade it in for a new hybrid.
• Make a final payment (balloon payment) to own it.

At Carboom, we can help you find the best hybrid car finance deal for your budget. Apply online today and explore your options!

Can I get hybrid car finance with bad credit?

Yes, getting hybrid car finance is still possible, even if you have bad credit, an IVA, CCJ, or past bankruptcy. Many lenders focus on your income and affordability, not just your credit score. If you're self-employed, there are options tailored to your situation too. Interest rates may be higher, but making regular monthly payments can help improve your credit over time. At Carboom, we work with people in all financial situations to find the best hybrid car finance options—apply online today!

Types of hybrid cars on finance

Hybrid cars all use a mix of electric power and a petrol or diesel engine, but they don’t all work the same way. In the UK, there are three main types: full hybrids (FHEVs), mild hybrids, and plug-in hybrids (PHEVs). Each has different benefits, depending on how much electric power it can use.

Full Hybrid (FHEV) – Uses Both Power Sources

A full hybrid (FHEV) can run on its electric motor, engine, or both at the same time. It switches between them automatically to save fuel. The battery charges itself while you drive using regenerative braking, which captures energy when you slow down.

✅ Great for: City driving and stop-start traffic because it doesn’t need to be plugged in.

Mild Hybrid – Helps the Engine Work More Efficiently

A mild hybrid has a small electric motor, but it can’t power the car on its own. Instead, it helps the engine run more smoothly, using less fuel. Like FHEVs, mild hybrids also use regenerative braking to recover energy.

✅ Great for: Drivers who want better fuel economy without changing how they drive.

Plug-in Hybrid (PHEV) – Charges Like an Electric Car

A plug-in hybrid (PHEV) has a bigger battery and can be charged using a plug. It can drive longer distances on electric power alone before switching to the engine. Many PHEVs can do 20-40 miles without using fuel, making them ideal for short trips.

✅ Great for: People who can charge at home or work and want to drive on electric power as much as possible.

Looking to finance a hybrid car? At Carboom, we help you find the best option for your budget. Apply online today!

Benefits of a hybrid car

A hybrid car will help you save money while reducing emissions. With lower fuel costs, tax savings, and cleaner driving, it’s a smart choice for many drivers in the UK.

Better fuel economy & lower running costs

Hybrids use both an electric motor and a petrol or diesel engine, cutting fuel use compared to traditional cars. This improves fuel economy, making them cost-effective to own. Less fuel means fewer trips to the pump, helping reduce your monthly expenses.

Lower carbon footprint & ULEZ compliance

Producing fewer emissions makes hybrids better for the environment. Many models meet Ultra Low Emission Zone (ULEZ) standards, so driving in city centres won’t lead to extra charges. Cleaner driving also helps improve air quality, especially in congested areas.

Tax benefits & incentives

Hybrid drivers often pay lower road tax and may qualify for government incentives. Company car users may benefit from reduced tax rates, making hybrids an attractive choice for both personal and business use.

Carboom makes hybrid car finance simple. Explore your options and apply online today!

How much does a hybrid car cost?

Hybrid cars usually cost more to buy than petrol or diesel cars, but they can save you money in the long run. They use less fuel, have lower running costs, and some models qualify for reduced road tax, especially if registered before April 2017. Plus, used hybrid cars can be a more affordable option, and they tend to hold their value well due to slower depreciation.

Here are some examples of used hybrid cars and their average starting prices:

• Renault Clio E-Tech Hybrid – From £8,495
• Toyota Yaris Hybrid – From £10,000
• Hyundai IONIQ Hybrid – From £12,000
• BMW 330e Plug-in Hybrid – From £18,300
• Lexus GS 450h – From £5,000

Prices vary depending on age, mileage, and condition, so it’s worth checking different options to find the best deal.