Honda has discounted the finance on its new e:Ny1 electric vehicle so it is now the same monthly finance payment as its HR-V Hybrid.

The company is offering a massive £8,000 deposit contribution towards e:Ny1 and cut the finance rate to 5.9% APR, meaning payments are now £346 per month over three years with a 10,000 mile per year limit. The HR-V finance is at 6.9% and has a £2,000 deposit contribution.

The e:Ny1 also comes with a five-year service plan, five-year warranty and five-year roadside assistance.

Rebecca Adamson, Head of Automobile at Honda UK, commented: “We want to make it easier for consumers to make the transition to electric vehicles and we know that the price point of EVs is one of the main concerns people have.”

Electric or hybrid? They're the same on finance