Geely Leasing

Geely leasing: choose the body before the equipment

An EX2 and an EX5 can both answer an electric-car enquiry, but they solve different parking and passenger requirements. Starray adds a petrol engine and external charging to the comparison. Begin with a normal working week: the longest regular day, where the car stays overnight, the people aboard and the luggage that travels with them. That makes the first shortlist useful before you start weighing individual features.

Geely’s UK site presents all three model lines. Their appearance in IVF’s catalogue is an invitation to investigate a particular vehicle, rather than confirmation that every version can be supplied on the same timetable. Explain any replacement deadline early. The proposal should identify a UK model year, equipment grade and battery or hybrid system, with the actual supply position checked separately from the manufacturer’s general range.

For a director, the attraction may be a suitable electric daily car with a clear company-car assessment. A household may instead prioritise parking and rear-seat access. Neither needs to select the largest model automatically. An EX2 that fits the daily load is a different answer from an EX5 chosen for its SUV cabin or a Starray chosen for mixed electric and petrol travel.

Geely leasing: key facts

1. EX2 is a five-seat electric hatchback in Geely’s UK specification.
2. EX2 has 375 litres of luggage space with its rear seats upright; the folded figure is 1,320 litres.
3. EX5 and Starray EM-i use different energy systems: battery-electric and plug-in hybrid respectively.
4. Geely’s UK base vehicle and high-voltage battery warranties each have an eight-year or 125,000-mile limit, with conditions.
5. GOV.UK: the maximum company-car BiK band is 37% in 2026/27 and 39% in 2029/30; the exact car can fall in a lower band.

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UK range and IVF route checks: 27 September 2026. A live catalogue entry is not confirmation of stock, allocation or a delivery date.

EX2 and EX5: test usable space, not the model number

Geely gives EX2 five seats and 375 litres of boot volume, rising to 1,320 litres after folding the rear seats. The second measurement cannot describe luggage space while those passengers remain aboard. Take the bags, folded pushchair or work cases you normally carry and check the aperture and floor shape. A published volume is a helpful starting point, but awkward objects rarely behave like a laboratory load.

Geely’s UK dimensions put EX2 at 4,135mm long and EX5 at 4,615mm. EX5’s 461-litre seats-up boot adds 86 litres over EX2 for another 480mm of body length. That is a concrete parking and luggage trade-off. Although the older catalogue categorises EX2 as an SUV, Geely describes an electric hatchback. Use the actual UK car and cabin to decide which meets your daily requirements.

EX5 listings include SE, Pro and Max carrying a 60kWh label, alongside Ultra with 68kWh. Those are catalogue identifiers, not a declaration of usable battery energy. Ask for the matching technical sheet before deciding that two EX5 quotations describe equivalent cars. Prioritise the features you will use daily, then demonstrate the controls and parking aids on that UK version. An overseas video does not establish the equipment in your proposal.

EX5 electric or Starray EM-i plug-in?

EX5 replenishes its driving energy through charging. Starray EM-i is a plug-in hybrid: its petrol engine remains part of the ownership and running-cost picture even when many journeys can use stored electricity. The useful question is whether your normal parking gives you dependable access to a charger. A theoretical electric commute is less helpful if the only charging opportunity is regularly occupied or unavailable.

For Starray, describe both the ordinary local week and the longer trips. Ask for electric-only certification separately from any combined petrol-and-electric distance. The latter cannot be used as the company-car electric-range input. Consider how you would use the car during a week without charging, because fuel use and the practical benefit of the plug-in system depend on the real routine.

For EX2 or EX5, identify how far the car must travel between reliable stops before selecting a battery. Wheel and grade changes can affect the matching technical figures. A larger capacity label should prompt a like-for-like assessment of equipment and energy needs, rather than a promise that a particular journey will always be completed without stopping.

Geely business leasing

For a business choosing its first Geely, separate the driver’s job from the accounting treatment. EX2 may answer a compact daily-car brief; EX5 may suit a different passenger requirement; Starray requires a reason for choosing petrol capability alongside charging. Write down those requirements before comparing the company’s hire costs. That avoids changing body, battery and contract assumptions simultaneously and losing sight of the actual choice.

The zero-emission EX2 and EX5 use the electric company-car percentage, while Starray needs its own certified emissions and electric-range assessment. P11D can differ even where two cars share a tax percentage. Establish private availability, business mileage and who will pay for energy with your accountant. A pool-car claim depends on the actual conditions, not simply on several employees being allowed to drive it.

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.

The hire-cost rules normally disallow 15% of otherwise deductible rentals for cars above 50 g/km, subject to their scope and exceptions. A company-car BiK easement does not establish relief from this 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 Geely leasing: make the weekly routine visible

For a private driver, EX2’s compact-car role may matter more than the SUV styling of the alternatives. Sit in the rear behind your own driving position and check the luggage with all required seats raised. If EX5 is the preferred shape, compare the actual SE, Pro, Max or Ultra equipment rather than assuming a current photograph represents every car advertised under that name.

A Starray enquiry should include where charging will happen when you return home and whether anyone else needs the same charger. Consider holiday use separately from the normal commute, including the luggage and passengers carried then. Private contract hire does not produce an employee’s company-car benefit merely because the vehicle is electrified. Your decision instead combines the hire commitment, insurance, electricity or fuel, maintenance and return obligations. Tell IVF if mileage is likely to change so that the initial agreement reflects a realistic year.

Geely company-car tax across the lease

The electric EX5 and EX2 examples use exact listed values. Starray’s plug-in assessment requires certified CO2 and electric range, so no blanket Starray rate is assigned here.

For private availability to an employee or director, start with the exact car’s P11D and the appropriate annual percentage, then apply the individual’s income tax rate and relevant adjustments. The hire payment is not the taxable benefit. Sole-trader use follows a different assessment. Compare every tax year crossed by the agreement with your accountant.

These are conditional tax bands, not assigned rates for every Geely. Confirm the supplied car’s P11D, certified CO2, fuel type and registration date. Diesel supplements can apply where the required emissions certification is absent, subject to the annual maximum.

The electric-mile figures above are HMRC band thresholds, not promises of this car’s driving range. Newer plug-in hybrid certification can show more than 50 g/km. A temporary company-car easement may treat an eligible car as 1 g/km where the registration date, electric range and Euro-status conditions are met; it is not automatic and must not be transferred to lease-rental deductions. Check the vehicle documents and HMRC’s plug-in hybrid conditions with your accountant.

Retained tax illustrations from the 10 September 2026 catalogue snapshot: a full year at 40% income tax, without employee contributions or other adjustments. These are dated examples for different cars, not current quotations, employer costs or a claim of overall savings. Obtain current P11D and certification for your supplied vehicle.

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 for the exact Geely vehicle details your accountant needs.

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.

Charging and Geely servicing need different calendars

Make a short list of dependable charging locations for EX2 or EX5, including an alternative when your usual option is unavailable. Check connector, access hours and payment arrangements on a regular longer route. Battery temperature, motorway speed, weather and passenger load influence the energy used. The catalogue’s battery number does not replace a UK range figure matched to the supplied year, motor, wheels and grade, and even that figure remains a test benchmark.

Geely’s published UK servicing schedule distinguishes the electric models from Starray. The electric schedule starts at 20,000 miles or 24 months; the hybrid schedule starts at 10,000 miles or 12 months. Whichever threshold arrives first matters. A high-mileage driver can therefore need a visit before the calendar anniversary suggested by a casual reading of the schedule. Confirm the supplied car’s handbook and any demanding-use provisions rather than treating these published starting intervals as permission to delay maintenance.

Ask where servicing will be carried out and how an optional maintenance package handles those visits. A work journey should not depend on an unconfirmed courtesy-car assumption. Plan workshop access and charging access as two separate practical requirements.

Geely warranty: duration, capacity and conditions

The UK warranty commitment specifies eight years or 125,000 miles, whichever arrives first, for the base vehicle. High-voltage battery protection carries a separate eight-year or 125,000-mile limit. Some components have shorter cover and exclusions apply. A headline covering years and mileage is therefore not a promise that every item, consumable or service will be paid for throughout a lease.

The battery wording addresses excessive capacity reduction below 70% under its conditions. That is a warranty threshold, not a prediction that the battery will retain its original capacity indefinitely. Confirm the first-registration date, relevant policy version and the procedure for assessment before relying on the headline for a particular supplied car.

Geely’s terms allow servicing outside its authorised network when the required maintenance standards are met. Keep the proper records and observe the specified parts, fluids and procedures. Warranty repairs and any prior-authorisation requirements remain separate. Identify a convenient authorised repairer through the UK network and ask how assistance is arranged if the vehicle needs attention away from home. The dealer arrangement and any courtesy provision should be confirmed for your location, rather than inferred from the length of the warranty.

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, Business Contract Hire, Personal Contract Hire, company-car BiK guide, VAT on leasing, request a callback, electric car leasing, XPENG G6, MG HS PHEV 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.

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

Last updated: September 2026