Drivers can utilise their CAP funds in a number of ways through Splend. Our Flexi Own (rent to buy) or Flexi Try (rental) options can both be used, and we also provide the option to buy a used car outright and use your CAP funds. Here are the options:
- Purchase a new EV through Flexi Own (our Rent-To-Buy plan) - Option 1: CAP balance applied over the whole vehicle contract (4 or 5 years) and automatically discounted from each weekly payment through Splend.
- Purchase a new EV through Flexi Own (our Rent-To-Buy plan) – Option 2: Claim up to £75 per week off the cost of your plan to reduce the price of your weekly payments for as long as your CAP lasts (for £3,000 this will be just over 40 weeks). At the end of this period your weekly payments will revert to the original price.
- Purchase a used EV through Flexi Own: CAP balance applied over the whole vehicle contract (term length is determined by the age of the car) and discounted from each weekly payment.
- Purchase a used PCO vehicle outright: CAP balance applies to deposit contribution, used upfront and in full to reduce the cost of the car.
- Flexi Try Plan (Rental): Rental cost can be reduced by £75 per week until CAP balance is used up.