AION Leasing

AION leasing: choose between two different body briefs

AION UT and V give an electric-car enquiry a clear starting point. UT is the compact hatchback to assess for commuting, parking and everyday errands. V brings an SUV body to the comparison when rear passengers and luggage are the reason for changing cars. Choosing the larger vehicle is useful only if its layout answers a real requirement.

The UK importer now presents both models, and IVF’s live pages contain two derivatives for each, including Premium Pack versions. That corrects the earlier empty-catalogue position without establishing an allocated car. Tell IVF how the vehicle will be used, which equipment is essential and when it is needed. The next step is a matching UK specification and funder proposal, with current supply confirmed rather than inferred from the existence of a model page.

AION leasing: key facts

1. AION Auto UK presents UT as a small electric car and V as an electric SUV.
2. UT and V have distinct battery and equipment specifications; compare the exact UK version proposed.
3. UT entries carry 150 kW/60 kWh labels and V entries 150 kW/75 kWh, with separate Premium Pack versions.
4. The UK warranty page states eight-year or 100,000-mile vehicle cover, subject to the applicable terms.
5. High-voltage battery cover has its own eight-year or 125,000-mile limit; it is not the same provision as whole-car cover.
6. GOV.UK: zero-emission company-car BiK is 4% in 2026/27, rising to 9% in 2029/30.

Have an AION shortlist? Talk through the body and specification with IVF.

Compare the AION options

A live catalogue route is not an allocation or delivery promise. Rows marked as legacy or announced keep their stated status; confirm the exact UK car and agreement before commitment.

AION UT or V: test the cabin before adding equipment

In UT, place the driver’s seat correctly and check entry and space for the people who regularly sit behind it. The UK model page lists a 440-litre boot, which provides a useful specification to investigate, but the load opening and the items you carry remain the practical test. Compare that compact-car task with V’s SUV access and rear-cabin layout rather than selecting by a battery label alone.

Premium Pack means different equipment on the two models. The UK UT page identifies additions such as a panoramic glass roof with shade, electric-folding mirrors and a powered tailgate. V’s package instead includes items such as massage front seats, rear tray table and a temperature-controlled storage box. Confirm the offered UK equipment rather than assuming the same package name means the same features. These are specification choices, not a promise that a particular vehicle or promotional support bundle is available through IVF.

AION powertrain and UK specification checks

Both models discussed here are battery-electric. The current IVF entries use 150 kW output with a 60 kWh label for UT and 75 kWh for V. Treat these as identifiers for the quotation, not a complete battery specification or a promise of usable capacity. Ask for the matching UK model year, motor, grade, wheels and charging equipment before applying a technical benchmark.

Do not replace missing UK information with an overseas specification merely because the model looks similar. Equipment, software and charging capability can differ by market. The UK importer’s model pages and vehicle documents are the appropriate starting point, followed by confirmation for the actual supplied car. If your requirement includes towing or an accessory, have that approved explicitly; an SUV shape or electric drivetrain does not establish the relevant capability.

AION business leasing

For a business, UT and V can be considered as different electric staff-car propositions. A compact commuter with dependable charging and a larger family company car do not need the same cabin or equipment. Start with the driver’s use and establish whether the charging plan remains workable away from the normal workplace. Keep the company’s energy arrangements and the employee’s private availability clear.

Both battery-electric models follow the zero-emission company-car percentage path, but their own P11D values produce different taxable benefits. The percentage is not a rate applied to the lease rental. Ask the accountant to assess each year crossed by the term, rental VAT and the business’s reporting framework. A manufacturer support programme does not change those calculations or establish vehicle allocation. IVF can investigate the exact specification and funding once the business and driver requirements are defined.

VAT and the business accounts

VAT-registered businesses can normally reclaim 50% of the VAT on qualifying car rentals where private use is available, depending on circumstances and the normal VAT rules. Full rental-VAT recovery requires exclusive business use with no private availability. Maintenance can fall outside the rental block when it is genuinely optional, separately described in the contract and separately quantified on the invoice; recovery remains subject to normal VAT rules. Read HMRC’s motoring VAT guidance.

Businesses using the VAT Flat Rate Scheme do not normally recover input VAT on recurring car hire. The separate capital-goods exception does not turn hire invoices into a vehicle purchase. Check HMRC’s Flat Rate Scheme guidance.

A zero-emission car is not subject to the CO2-based lease-rental restriction. Check HMRC’s car-hire deduction rules.

For accounting periods beginning on or after 1 January 2026, revised FRS 102 generally requires a right-of-use asset and lease liability for lessees, including small companies using Section 1A. FRS 105 lease accounting for eligible micro-entities was not changed in the same way. Contract hire therefore does not universally keep a car off the balance sheet. Ask your accountant to apply the right framework; HMRC summarises the accounting standards.

Personal AION leasing: assess the full household routine

For a private driver moving to an electric car, the first comparison is the week you normally have. Identify where UT or V could charge overnight, where it will park and who will need the back seats. A compact hatchback may answer a commute well, while a family’s only car may need the V body. Test both against the regular luggage rather than assuming an equipment pack changes the underlying passenger task.

PCH places the agreement with the individual and ends with return, so assess annual mileage and running costs across the term. Confirm the insurance quote for the actual model and equipment. Discuss the required service location and any support arrangements before commitment, especially if the car is essential each day. A manufacturer programme can be useful, but eligibility and what the broker agreement includes must be set out in writing.

AION company-car tax across the lease

AION UT and V are battery-electric: assess each offered car’s own P11D, private availability and the relevant tax years.

For an employee or director with private use, the taxable benefit normally starts with the car’s P11D value multiplied by the applicable BiK percentage. Personal tax then depends on the individual’s income tax rate and any relevant adjustments. The percentage is not the tax rate applied to the lease rental. A sole trader’s own business car use follows different rules.

The agreement can cross several tax years. Compare the whole path, not just the percentage in the year the car arrives.

Use our company-car BiK guide alongside HMRC’s 2026/27 and 2027/28 tables and the published 2028/29 and 2029/30 changes. Tax information checked 27 September 2026 against the C1 ledger and its primary sources. Tax treatment depends on individual circumstances and may change; consult your accountant.

Ask IVF for the exact AION vehicle details to take to your accountant.

Road tax and costs across the term

Vehicle Excise Duty (VED). For 2026/27, the standard annual VED payment after the first year is £200 before any supplement. First-year VED depends on CO2 and registration rules; zero-emission cars currently have a £10 first-year rate. These cash rates apply to 2026/27 only; later annual VED rates are not confirmed here. Ask how the funder treats tax increases during your agreement.

Expensive Car Supplement. The Expensive Car Supplement is currently £440 a year for five years from the second licence. The list-price threshold is more than £40,000 for petrol, diesel and hybrid cars, or more than £50,000 for qualifying zero-emission cars registered from 1 April 2025. Use the published list price before discounts, including relevant options, and check the registration date. Plug-in hybrids do not receive the electric-car threshold. GOV.UK explains VED and the supplement.

Planned eVED. The government plans Electric Vehicle Excise Duty (eVED) from April 2028, alongside VED: 3p per mile for electric cars and 1.5p per mile for plug-in hybrids. This is proposed for April 2028, subject to legislation and implementation; it is not a charge currently in force. The stated rates are planned starting rates, with CPI uprating proposed from 2029/30 and later cash rates not confirmed. An agreement spanning introduction needs the funder’s written treatment of the charge and later changes. Check the government’s consultation response and final implementation guidance before committing.

Build an AION charging plan around dependable access

A useful charging plan has a normal routine and a workable alternative. If you expect to charge at home, establish the practical installation and electricity supply. If the regular charge point is at work, consider weekends, leave and a change of workplace. Public charging can support a car without home access, but the locations, tariffs and reliability must suit the journeys you actually make.

UT and V need their own AC and DC specifications. An onboard AC limit, a public charger’s advertised maximum and a rapid-charging time describe different things. Match any later numerical range or charging claim to the supplied UK battery, wheels and model year, with the stated starting charge and conditions. Cold weather, motorway speed, load and battery condition change real results. This guide does not turn the catalogue’s capacity labels into a promised distance or borrow a charging headline from another market.

AION warranty and the support-package eligibility check

AION’s UK warranty information states eight years or 100,000 miles for the vehicle and a separate eight years or 125,000 miles for the high-voltage battery, subject to the applicable limits and conditions. The June 2026 UK warranty and maintenance manual should be checked for the supplied car. Different component provisions and exclusions mean the headline is not a promise that every cost is covered throughout a lease.

The importer also promotes a broader support programme. Do not assume that retail marketing automatically establishes the benefits included in a broker-funded agreement. Ask which vehicle, battery, servicing and roadside provisions apply, who supplies them and what records are required. Identify the authorised service location and how work is booked. Optional lease maintenance may cover different items, while tyres, accidental damage and the funder’s return charges require their own assessment.

Build the quotation around the way you will use it

Tell IVF your annual mileage, regular passengers, essential equipment, charging access where relevant and preferred timing. Ask for the precise model year, derivative, options and registration status to be written into the quotation. The catalogue is a starting point; the offered vehicle and funder terms need confirmation.

Business Contract Hire is taken by the business; Personal Contract Hire is taken by the private individual. Both are subject to status and individual funder criteria. Compare the initial rental, term, mileage, maintenance and applicable fees on the same basis. An initial rental is part of the hire cost, not refundable security or ownership equity.

A manufacturer warranty starts under the supplied car’s warranty terms, normally from first registration. Its time and mileage limits may finish before your lease does. It is separate from optional servicing and tyre cover. Confirm maintenance inclusions, insurance responsibilities, tax provisions and early-termination terms before signing.

At the end of contract hire, return the vehicle; there is no contractual purchase option. Excess mileage, damage beyond the funder’s fair wear and tear standard, missing equipment or other contractual charges may still be payable. Check the return process before choosing your agreement.

Useful next steps

Use business car leasing, personal contract hire, company-car tax guide, VAT on business leasing, request a callback, electric car leasing, MG MGS5, MG4 Urban, Business Contract Hire, Geely EX2, MG4, Geely EX5, Skoda Elroq, FRC accounting changes, HMRC car-hire deductions, Future company-car tax publication, IVF customer feedback on Feefo to narrow your choice or discuss a quotation.

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Intelligent Vehicle Finance is a trading name of XLCR Vehicle Management Ltd. Authorised and regulated by the Financial Conduct Authority, FRN 315268. We are a credit broker, not a lender, and we may receive a commission from lenders for introducing you to them. All vehicle finance is subject to status and individual funder criteria.

Company No. 03923327. The Melville Building, 15 Royal William Yard, Plymouth, PL1 3RP.

Editorial responsibility: Stacey Smith, Brand Director, Intelligent Vehicle Finance.

Last updated: September 2026