Hybrid car finance

Hybrid cars offer environmentally conscious drivers a way to reduce their carbon footprint without sacrificing performance. With the cost of hybrid cars coming down and their popularity on the up, we take a closer look.  

Representative xx.x% APR

What is a hybrid car?

What is a hybrid car?

In simple terms, a hybrid electric vehicle is a cross between a traditional (usually) petrol car and an electric car. Hybrid cars combine an electric motor, an internal combustion engine (ICE) and a battery to power the vehicle. 

In simple terms, a hybrid electric vehicle is a cross between a traditional (usually) petrol car and an electric car. Hybrid cars combine an electric motor, an internal combustion engine (ICE) and a battery to power the vehicle. 

Types of hybrid car

Types of hybrid car

Broadly there are three kinds of hybrids: full hybrid (HEVs), plug-in hybrid (PHEVs) and mild hybrids. While they are all types of hybrid cars, they all work slightly differently – and they also offer slightly different benefits to the driver. 

Broadly there are three kinds of hybrids: full hybrid (HEVs), plug-in hybrid (PHEVs) and mild hybrids. While they are all types of hybrid cars, they all work slightly differently – and they also offer slightly different benefits to the driver. 

Full hybrid Cars (FHEVs)

Full hybrid Cars (FHEVs)

Full hybrids, also known as self-charging hybrids, are a type of petrol-electric hybrid car. Unlike traditional petrol-powered cars, full hybrids can run on electricity alone, making them much more fuel efficient.


Additionally, full hybrids can generate their own electricity while they’re being driven, meaning they don’t need to be plugged in to recharge. This makes them a great choice for drivers who want the benefits of an electric car without the hassle of having to keep it charged.

Full hybrids, also known as self-charging hybrids, are a type of petrol-electric hybrid car. Unlike traditional petrol-powered cars, full hybrids can run on electricity alone, making them much more fuel efficient.

Additionally, full hybrids can generate their own electricity while they’re being driven, meaning they don’t need to be plugged in to recharge. This makes them a great choice for drivers who want the benefits of an electric car without the hassle of having to keep it charged.

Plug-in hybrid cars (PHEV)

Plug-in hybrid cars (PHEV)

With a PHEV, the electric battery is designed to be the primary power source of the car – when the battery runs out, the combustion engine automatically kicks in. When the battery is fully charged, the car can run on electricity for a certain distance before the gasoline engine kicks in.


When fully charged, a plug-in hybrid battery should last around 300 miles before you’ll need to charge it again. This allows drivers to save on fuel costs while still having the option to fall back on petrol if necessary.

With a PHEV, the electric battery is designed to be the primary power source of the car – when the battery runs out, the combustion engine automatically kicks in. When the battery is fully charged, the car can run on electricity for a certain distance before the gasoline engine kicks in.

When fully charged, a plug-in hybrid battery should last around 300 miles before you’ll need to charge it again. This allows drivers to save on fuel costs while still having the option to fall back on petrol if necessary.

Mild hybrid cars

Mild hybrid cars

Mild hybrid cars use a small electric motor to assist the engine, resulting in increased fuel efficiency. Mild hybrids typically have a four-cylinder engine and use regenerative braking to charge the battery, which powers the electric motor.


Mild hybrids are different from standard hybrids in that they cannot be plugged into an outlet to charge the battery; instead, the battery is charged through the braking system.

Mild hybrid cars use a small electric motor to assist the engine, resulting in increased fuel efficiency. Mild hybrids typically have a four-cylinder engine and use regenerative braking to charge the battery, which powers the electric motor.

Mild hybrids are different from standard hybrids in that they cannot be plugged into an outlet to charge the battery; instead, the battery is charged through the braking system.

Electric vehicle charging port
Electric vehicle charging port
Electric vehicle charging port

Benefits of a hybrid car

Benefits of a hybrid car

With their many benefits, it’s no wonder that hybrid cars are becoming increasingly popular. Some of the benefits include: 

Improved fuel economy 

Improved fuel economy 

Reduction in emissions

Better gas mileage than traditional gas-powered cars

Lower levels of pollution

What is the difference between hybrid and electric cars?

What is the difference between hybrid and electric cars?

An alternative to hybrid cars are fully electric cars – also known as EVs. Electric cars are growing in popularity every year and will eventually replace petrol and diesel cars entirely. There are a few different types of fully electric vehicles on the market at present, including:

Battery electric vehicles (BEVs) 

Fuel cell electric vehicles (FCEVs)

Extended range electric vehicles (E-REV)

These are powered by electric batteries only; unsurprisingly they have a far bigger range than the battery capacity of hybrid vehicles and they must be plugged into an electric charging point to recharge. The difference between a fully electric vehicle and a plug-in hybrid is that electric cars don’t have a combustion engine at all.  

Illustration of electric vehicle at charging point
Hybrid badge on door of blue car
Hybrid badge on door of blue car

How to choose a hybrid car

How to choose a hybrid car

The combination of a battery and an engine results in greater fuel economy and fewer CO2 emissions when compared with a conventional car, without compromising on overall performance. This is the great appeal of the modern hybrid. What might draw you to one over the other boils down to what’s important to you, your driving habits and where you live. For example:

If you live near charging stations or somewhere where you can install a charger, then a PHEV could be a good choice. 

If you live in central London where fully electric cars and plug-in hybrids are exempt from the congestion charge this could sway you towards a plug-in.

 If you don’t have easy access to electric vehicle charging points, then a full hybrid might suit you better as you won’t have to worry about charging it at all.

How much does a hybrid car cost?

How much does a hybrid car cost?

To buy outright, hybrids can be more expensive than petrol or diesel cars - but there are plenty of financial incentives to encourage you to switch to a hybrid, including exemption from congestion charges and lower running costs.

Because of their better fuel economy and lower tailpipe CO2 emissions, most CO2 based car tax has traditionally been lower for hybrids than for their petrol/diesel equivalents. However, recent changes to the law mean that hybrid cars now have to pay standard annual rate car tax. See the government’s car tax rate tables for full details.


Hybrid cars are becoming more accessible all the time as manufacturing costs decrease; these cost reductions are quickly passed on to consumers, making them more affordable every year. They are typically less expensive to buy than fully electric cars, which makes them the more affordable, ‘greener’ option for many.


The additional power supplied by the electric motor also results in improved fuel efficiency: hybrids don’t rely on fossil fuels and therefore release fewer gas emissions, meaning they are more economical and less damaging to the environment than conventional cars.

Icon of a purple stack of money with a green car in the middle.
Icon of a purple stack of money with a green car in the middle.
Illustration of Oodle's online car marketplace

Buying a second-hand hybrid car

Buying a second-hand hybrid car

It’s perfectly simple and safe to buy used hybrid cars on finance – the process is no different to buying a traditional combustion engine vehicle this way. A second-hand hybrid will likely cost more than its petrol or diesel equivalent however you decide to buy, due to its higher price-tag when new. But hybrids usually mean lower running costs, so long-term fuel savings could significantly offset the initial larger spend.


Ready to buy but unsure of your budget? Try our free car finance calculator to find out how much you could be eligible to borrow and to see an illustrative example of what your repayments could look like.


When you find a used hybrid elsewhere, we can sort out the finance for you.

It’s perfectly simple and safe to buy used hybrid cars on finance – the process is no different to buying a traditional combustion engine vehicle this way. A second-hand hybrid will likely cost more than its petrol or diesel equivalent however you decide to buy, due to its higher price-tag when new. But hybrids usually mean lower running costs, so long-term fuel savings could significantly offset the initial larger spend.


Ready to buy but unsure of your budget? Try our free car finance calculator to find out how much you could be eligible to borrow and to see an illustrative example of what your repayments could look like.


When you find a used hybrid elsewhere, we can sort out the finance for you.

It’s perfectly simple and safe to buy used hybrid cars on finance – the process is no different to buying a traditional combustion engine vehicle this way. A second-hand hybrid will likely cost more than its petrol or diesel equivalent however you decide to buy, due to its higher price-tag when new. But hybrids usually mean lower running costs, so long-term fuel savings could significantly offset the initial larger spend.


Ready to buy but unsure of your budget? Try our free car finance calculator to find out how much you could be eligible to borrow and to see an illustrative example of what your repayments could look like.


When you find a used hybrid elsewhere, we can sort out the finance for you.

Types of hybrid car finance

Types of hybrid car finance

Here we take a look at the different types of car finance available.

Here we take a look at the different types of car finance available.

Benefits of hire purchase illustration
Benefits of hire purchase illustration

Unsecured Personal Loan

An unsecured personal loan (UPL) is a way to borrow some or all of the money you need to buy a car, at a fixed rate. With UPL, you own the vehicle from day one - but approval can require a better credit score. This can be a good option for people who don't plan on changing their car often.


Our unsecured personal loan is the only type of finance we offer on our website.

An unsecured personal loan (UPL) is a way to borrow some or all of the money you need to buy a car, at a fixed rate. With UPL, you own the vehicle from day one - but approval can require a better credit score. This can be a good option for people who don't plan on changing their car often.


Our unsecured personal loan is the only type of finance we offer on our website.

An unsecured personal loan (UPL) is a way to borrow some or all of the money you need to buy a car, at a fixed rate. With UPL, you own the vehicle from day one - but approval can require a better credit score. This can be a good option for people who don't plan on changing their car often.


Our unsecured personal loan is the only type of finance we offer on our website.

Representative xx.x% APR

Hire Purchase (HP)

With hire purchase, you usually pay a relatively low deposit (normally 10%) before paying off the cost of the car in fixed monthly payments. You won't own the car until the final payment and any additional fees.

Benefits of hire purchase illustration
Benefits of hire purchase illustration
Benefits of hire purchase illustration

Personal Contract Purchase (PCP)

An option to pay a deposit (normally 10%) and then make fixed monthly payments. You’ll have options to buy or return the car at the end of the contract with a balloon payment. Interest rates may be higher, and it’s important to make sure you understand the terms of the contract before you sign.

Leasing

When you lease a car, you’re paying for the use of the car without ever owning it. It’s a bit like renting and can be a flexible option, especially if you like changing cars frequently. Monthly costs may be lower, but extra charges can apply, for things like additional mileage or 'excessive wear and tear' fees.

Benefits of hire purchase illustration

How hybrid car loans work

How hybrid car loans work

Whether you’re after your dream car, thinking about switching to electric, or just need a bit more space in the boot, an Oodle Car Loan could help you cover the cost.

Apply Online

Find out if you're pre-approved in seconds

Get accepted

You’ll have your money in your account the next working day

Shop anywhere

Buy the vehicle that suits you best, wherever you find it

Calculate monthly hybrid car finance payments

Calculate monthly hybrid car finance payments

Calculate monthly hybrid car finance payments

The world of car finance can be a confusing one – but we’re here to help simplify things. Use our car finance calculator to help you decide whether car finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.


Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.

The world of car finance can be a confusing one – but we’re here to help simplify things. Use our car finance calculator to help you decide whether car finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.


Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.

The world of car finance can be a confusing one – but we’re here to help simplify things. Use our car finance calculator to help you decide whether car finance could be a good option for you, without affecting your credit rating. The calculator will give you a good idea of what your monthly payments could look like based on how much you’re looking to borrow.


Don’t worry, you’re not committing to anything; this tool is simply a useful guide to help you figure out a budget that suits you best before you complete a full application for car finance.

Hybrid car FAQs

Can I get hybrid car finance with bad credit?

You don’t necessarily have to have a good credit score to be approved for hybrid car finance – but it helps! Some lenders are willing to help borrowers with a poor credit score, and a few even specialise in poor credit history finance.

So, if your credit score isn’t great, it doesn’t necessarily mean that you won’t be able to finance your car. It just means that you might have to shop around to find the right lender for you.

Be careful though: if you’re struggling to pay off your existing debts it’s always best to get on top of these first before borrowing more. Talk to your lenders to make a plan to get your finances back on track. This will help to improve your credit score.

Can I get hybrid car finance with bad credit?

You don’t necessarily have to have a good credit score to be approved for hybrid car finance – but it helps! Some lenders are willing to help borrowers with a poor credit score, and a few even specialise in poor credit history finance.

So, if your credit score isn’t great, it doesn’t necessarily mean that you won’t be able to finance your car. It just means that you might have to shop around to find the right lender for you.

Be careful though: if you’re struggling to pay off your existing debts it’s always best to get on top of these first before borrowing more. Talk to your lenders to make a plan to get your finances back on track. This will help to improve your credit score.

Can I get hybrid car finance with bad credit?

You don’t necessarily have to have a good credit score to be approved for hybrid car finance – but it helps! Some lenders are willing to help borrowers with a poor credit score, and a few even specialise in poor credit history finance.

So, if your credit score isn’t great, it doesn’t necessarily mean that you won’t be able to finance your car. It just means that you might have to shop around to find the right lender for you.

Be careful though: if you’re struggling to pay off your existing debts it’s always best to get on top of these first before borrowing more. Talk to your lenders to make a plan to get your finances back on track. This will help to improve your credit score.

Which hybrid vehicles can I finance?

With an unsecured personal loan from Oodle, you can finance all kinds of hybrid vehicles – cars, vans or motorbikes – be they brand new or pre-loved. Whether you’ve got your heart set on a hybrid motorcycle like the good-looking Kawasaki Z E-1, or you’re looking for a hybrid van such as the Ford Ranger Plug-in Hybrid, we’ve got you covered.

Which hybrid vehicles can I finance?

With an unsecured personal loan from Oodle, you can finance all kinds of hybrid vehicles – cars, vans or motorbikes – be they brand new or pre-loved. Whether you’ve got your heart set on a hybrid motorcycle like the good-looking Kawasaki Z E-1, or you’re looking for a hybrid van such as the Ford Ranger Plug-in Hybrid, we’ve got you covered.

Which hybrid vehicles can I finance?

With an unsecured personal loan from Oodle, you can finance all kinds of hybrid vehicles – cars, vans or motorbikes – be they brand new or pre-loved. Whether you’ve got your heart set on a hybrid motorcycle like the good-looking Kawasaki Z E-1, or you’re looking for a hybrid van such as the Ford Ranger Plug-in Hybrid, we’ve got you covered.

Do I need a deposit for hybrid car finance?

Whilst traditional finance providers do typically require a deposit, with Oodle, you don’t need to worry about paying anything upfront for hybrid car finance. Our personal loans are unsecured, which means we don’t require you to pay a deposit or offer any assets as collateral. We’ll simply look at your individual circumstances to assess whether you’re eligible for a loan with us.

Do I need a deposit for hybrid car finance?

Whilst traditional finance providers do typically require a deposit, with Oodle, you don’t need to worry about paying anything upfront for hybrid car finance. Our personal loans are unsecured, which means we don’t require you to pay a deposit or offer any assets as collateral. We’ll simply look at your individual circumstances to assess whether you’re eligible for a loan with us.

Do I need a deposit for hybrid car finance?

Whilst traditional finance providers do typically require a deposit, with Oodle, you don’t need to worry about paying anything upfront for hybrid car finance. Our personal loans are unsecured, which means we don’t require you to pay a deposit or offer any assets as collateral. We’ll simply look at your individual circumstances to assess whether you’re eligible for a loan with us.

What is the best type of hybrid to buy?

As with any car, this will depend on your circumstances, your preferences, and your budget. Toyota, Hyundai, Honda, Nissan and Kia are some of the most well-known hybrid brands in the UK today, but all car manufacturers either offer electric vehicles in some form or are in the process of developing them – and the technology is improving all the time.

What is the best type of hybrid to buy?

As with any car, this will depend on your circumstances, your preferences, and your budget. Toyota, Hyundai, Honda, Nissan and Kia are some of the most well-known hybrid brands in the UK today, but all car manufacturers either offer electric vehicles in some form or are in the process of developing them – and the technology is improving all the time.

What is the best type of hybrid to buy?

As with any car, this will depend on your circumstances, your preferences, and your budget. Toyota, Hyundai, Honda, Nissan and Kia are some of the most well-known hybrid brands in the UK today, but all car manufacturers either offer electric vehicles in some form or are in the process of developing them – and the technology is improving all the time.

Are hybrids good for long distance driving?

Yes! If the car is fully charged and the tank is full, a hybrid is a great way to travel any distance. Bear in mind however that hybrids really excel at city driving; as they run optimally at 50mph or less, you might want to take the scenic route.

Are hybrids good for long distance driving?

Yes! If the car is fully charged and the tank is full, a hybrid is a great way to travel any distance. Bear in mind however that hybrids really excel at city driving; as they run optimally at 50mph or less, you might want to take the scenic route.

Are hybrids good for long distance driving?

Yes! If the car is fully charged and the tank is full, a hybrid is a great way to travel any distance. Bear in mind however that hybrids really excel at city driving; as they run optimally at 50mph or less, you might want to take the scenic route.

How long do hybrid cars last?

Most hybrid car batteries will last between 80,000 and 100,000 miles before you’ll need to replace them. With the right maintenance and care, some could last over 150,000 miles. As with any car, the lifespan of the battery will depend to a great extent on how you drive.

Hybrid cars are highly likely to last longer than their petrol/diesel counterparts. As hybrids contain both a fuel engine and a rechargeable battery, both are used proportionately less, meaning that the hybrid should outlast any traditional car.

How long do hybrid cars last?

Most hybrid car batteries will last between 80,000 and 100,000 miles before you’ll need to replace them. With the right maintenance and care, some could last over 150,000 miles. As with any car, the lifespan of the battery will depend to a great extent on how you drive.

Hybrid cars are highly likely to last longer than their petrol/diesel counterparts. As hybrids contain both a fuel engine and a rechargeable battery, both are used proportionately less, meaning that the hybrid should outlast any traditional car.

How long do hybrid cars last?

Most hybrid car batteries will last between 80,000 and 100,000 miles before you’ll need to replace them. With the right maintenance and care, some could last over 150,000 miles. As with any car, the lifespan of the battery will depend to a great extent on how you drive.

Hybrid cars are highly likely to last longer than their petrol/diesel counterparts. As hybrids contain both a fuel engine and a rechargeable battery, both are used proportionately less, meaning that the hybrid should outlast any traditional car.

Why buy a hybrid over an electric or regular car?

It won’t be possible to buy a new petrol or diesel car in the UK after 2035. The government has imposed this deadline as part of its plan to cut CO2 emissions. Hybrids occupy a middle ground between traditional gas-guzzlers and the fully emissions-free, ‘green’ technology of electric vehicles. 

As the government races to improve electric charging infrastructure and the industry continues to refine the tech in fully electric cars (not to mention the price tag), hybrids have become a popular, transitional choice for drivers looking for a greener alternative to combustion engine vehicles.

Why buy a hybrid over an electric or regular car?

It won’t be possible to buy a new petrol or diesel car in the UK after 2035. The government has imposed this deadline as part of its plan to cut CO2 emissions. Hybrids occupy a middle ground between traditional gas-guzzlers and the fully emissions-free, ‘green’ technology of electric vehicles. 

As the government races to improve electric charging infrastructure and the industry continues to refine the tech in fully electric cars (not to mention the price tag), hybrids have become a popular, transitional choice for drivers looking for a greener alternative to combustion engine vehicles.

Why buy a hybrid over an electric or regular car?

It won’t be possible to buy a new petrol or diesel car in the UK after 2035. The government has imposed this deadline as part of its plan to cut CO2 emissions. Hybrids occupy a middle ground between traditional gas-guzzlers and the fully emissions-free, ‘green’ technology of electric vehicles. 

As the government races to improve electric charging infrastructure and the industry continues to refine the tech in fully electric cars (not to mention the price tag), hybrids have become a popular, transitional choice for drivers looking for a greener alternative to combustion engine vehicles.

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