Please note that this page contains information and links most relevant for people living in Scotland.
About the used electric vehicle loan
If you’re considering a used electric vehicle and you live in Scotland, keep reading. We offer an interest-free loan for individuals, repayable over up to six years.
The used electric vehicle loan is funded by Transport Scotland and can help you purchase used electric vehicles with set maximum loan amounts:
electric mopeds costing £5,000 or less are eligible for up to £5,000
electric motorcycles costing £5,000 or less are eligible for up to £5,000
electric cars costing £25,000 or less are eligible for up to £25,000
electric vans costing £25,000 or less are eligible for up to £25,000
Our cost caps include VAT.
Check if you’re eligible
You can apply for loan funding if:
Your total household income doesn’t exceed £50,000 per annum. Please see our full eligibility criteria below for important information on household income, how a household is defined and what supporting evidence is needed.
OR
You’re a resident living in a small town, rural and remote area or island of Scotland. Use the postcode checker below to check if your address is eligible. If your postcode is eligible, you won’t need to supply evidence of your income.
How to apply
Simply register and apply through our online application.
Whichever used vehicle you choose to purchase with the loan, it must be purchased from an acceptable dealership. The dealership must be either:
Sales at these dealerships are conducted in-person, as well as through their online platforms. Dealerships must be accredited by the Motor Ombudsman or be part of a trade association signed up to the National Conciliation Service.
These dealerships must have an up-to-date website, own the vehicles for sale and have reputable customer support services, as well as robust warranty procedures in place.
Additionally, these dealerships must transparently outline, at the very least, a vehicle’s age, battery capacity, mileage and the interior and exterior condition of the vehicle(s) on any sale document(s) provided.
Your address history – we’ll need at least six years of address history.
Your income information – we’ll need to ensure you can afford repayments.
Confirmation that you will not purchase the used vehicle before receiving a loan offer. If you do, we won’t be able to accept your application.
If you’re applying based on household income, we’ll need evidence of this. You can use either a payslip, P60 or pension payment as long as it’s dated within the last three months.
If your household has more than one income, we’ll also need the information and consent of the other person who contributes.
What happens after you apply?
Here is a quick outline of your application journey:
You submit your application.
We’ll aim to respond within 10 working days. We might request further information if needed.
If accepted, you will have a loan offer and must accept it within 14 days.
You’ll then submit all claim documents. Any missing information will be queried, which might delay you receiving payment.
We’ll aim to process your claim documents within 15 working days
You’ll then receive your funding within 3-5 working days.
