OMODA gives UK buyers a choice of petrol, hybrid, plug-in hybrid and fully electric SUVs, making the model and powertrain an important part of any finance decision. The OMODA 5, electric E5, OMODA 7 and OMODA 9 each suit slightly different driving needs. When comparing OMODA car finance, look at the deposit, monthly repayments, agreement length and end-of-term position alongside the cost of owning and running the model you choose.
How Car Finance for OMODA works
OMODA car finance can be structured in several ways depending on the vehicle, finance provider and your circumstances. Personal Contract Purchase is prominent across the manufacturer’s new-car offers, while Hire Purchase and other ownership-focused agreements may also be available through finance providers.
The right route depends partly on what you intend to do with the car. PCP may suit someone who expects to change vehicles after a few years, while an ownership-focused agreement may fit a driver who wants to keep their OMODA after the finance has been repaid.
Our car finance guide covers the main agreement types in more detail.
Match OMODA Car Finance to the powertrain
One feature that separates the current OMODA range from many individual manufacturer ranges is the choice between petrol, self-charging hybrid, plug-in hybrid and electric power.
The OMODA 5 is available with a petrol engine or as the 5 SHS-H self-charging hybrid. The E5 is fully electric. Further up the range, the OMODA 7 is offered with petrol or SHS-P plug-in hybrid power, while the OMODA 9 uses OMODA’s SHS-P plug-in hybrid system.
Your driving pattern can help narrow down the choice before you compare OMODA car finance.
A petrol model may appeal to someone who wants familiar refuelling and regularly covers longer distances. The self-charging hybrid OMODA 5 does not need to be plugged in, while the plug-in hybrid models can make greater use of electric driving when charged regularly.
The E5 brings charging access into the calculation. OMODA currently quotes a WLTP range of up to 267 miles for the model, but your actual range will vary with driving conditions, temperature and usage.
PCP for an OMODA
Personal Contract Purchase, or PCP, divides the cost between a deposit, regular monthly repayments and an Optional Final Payment.
At the end of a typical PCP agreement, you can usually:
- Pay the Optional Final Payment and keep the OMODA
- Return it subject to the agreed mileage and condition terms
- Part-exchange it, subject to the existing agreement being settled and any new finance being approved
Because part of the vehicle’s value is deferred, PCP repayments can be lower than an ownership-focused agreement covering the same car and term.
PCP can also be relevant when looking at OMODA car finance for the electric E5. Used electric-car values can move as new technology, new-car prices and demand change. The final payment on a PCP agreement is set at the beginning, giving you a known figure if you want to buy the vehicle at the end.
Read our Personal Contract Purchase guide for more information about how PCP works.
Hire Purchase and longer-term ownership
If keeping the vehicle is your priority, Hire Purchase can provide a more direct route towards ownership.
You normally pay a deposit followed by fixed monthly instalments. Rather than leaving a large Optional Final Payment, the financed cost is spread more evenly across the agreement. Once every required payment and any applicable purchase fee has been made, ownership transfers under the agreement terms.
This can make OMODA car finance through HP worth comparing if you plan to keep your car beyond the initial three or four years.
The regular repayments may be higher than PCP, so compare the total amount payable, interest rate and term rather than assuming one agreement will always cost less.
Our guide to HP car finance explains the structure further.
Look at the full promotional offer
OMODA regularly runs promotional finance campaigns, but the offer can differ considerably between models.
Electric, petrol and hybrid OMODA car finance deals can have different APRs, deposit contributions, customer deposits and final payments. A promotion on an E5 may look very different from one available on an OMODA 5 or OMODA 7.
When comparing offers, check:
- Vehicle cash price
- Customer deposit
- Manufacturer contribution or incentive
- Representative APR
- Number of monthly payments
- Annual mileage allowance
- Optional Final Payment
- Excess mileage charge
- Total amount payable
A low or 0% APR can reduce the cost of borrowing, but it should still be considered alongside the deposit and overall agreement.
Temporary manufacturer incentives can also change, so check the live terms for the exact model and specification before applying.
The seven-year warranty can affect your decision
Warranty cover is another factor worth including when comparing OMODA car finance.
New OMODA vehicles currently come with manufacturer cover of up to seven years or 100,000 miles, whichever comes first, subject to the warranty terms.
This means a typical three or four-year finance agreement can sit within the original manufacturer warranty period when you are financing a new car and remain within the relevant mileage conditions.
Electric and hybrid buyers should also check the separate high-voltage battery warranty. OMODA currently provides battery cover for up to eight years or 100,000 miles, subject to its terms.
If you intend to keep the vehicle after your OMODA car finance agreement ends, check how much manufacturer cover will remain based on the car’s age and mileage.
Charging costs for the OMODA E5
For E5 buyers, the monthly finance repayment is only one part of the budget.
Where you charge can change the running costs of an electric vehicle. Someone with access to overnight home charging may have a different monthly energy bill from a driver who depends heavily on public rapid chargers.
Before choosing OMODA car finance for an E5, think about:
- Whether you can install or access a home charger
- Your normal weekly mileage
- The electricity tariff available to you
- How often you use public charging
- Longer journeys you make regularly
Drivers considering the plug-in hybrid OMODA 7 or OMODA 9 should also think about charging habits. Regular access to charging allows greater use of their electric capability.
Choose your deposit carefully
Increasing your deposit generally lowers the amount you need to finance and can reduce monthly repayments.
It does not automatically mean that putting down the largest possible deposit is right for your budget. Keep enough money available for insurance, charging or fuel, servicing and other motoring costs.
When comparing two OMODA car finance quotes, check whether a lower monthly figure is simply being achieved through a larger upfront payment.
Looking at the amount paid over the whole agreement gives a clearer comparison.
Be realistic about annual mileage
Mileage is particularly relevant to PCP.
Your annual mileage allowance forms part of the calculation used to estimate the car’s value at the end of the agreement. If you return the vehicle having exceeded the agreed allowance, an excess mileage charge can apply.
Think about commuting, family journeys, holidays and any likely changes to your working arrangements before agreeing a figure.
Choosing a low mileage allowance purely to reduce the monthly OMODA car finance payment can leave you with additional charges later.
New and used OMODA finance
As OMODA becomes more established in the UK, buyers have a growing choice between new and used vehicles.
A new model may qualify for manufacturer finance campaigns and will begin with the full applicable warranty period. A used OMODA can have a lower purchase price, but you should check its age, mileage, service record and remaining manufacturer cover.
For a used E5 or hybrid model, check the remaining high-voltage battery warranty as well.
Finance providers may place their own age and mileage limits on used vehicles, which can affect the OMODA car finance options available.
What affects an OMODA finance application?
Finance remains subject to status and provider criteria.
Factors that may affect an OMODA car finance application include your credit history, income, existing financial commitments, deposit, amount borrowed and length of the agreement.
The vehicle itself can also affect the products available.
Before applying, decide on a monthly amount that leaves room for the other costs of running the car. Our guide to what you need to finance a car explains some of the information that may be requested during an application.
FAQs
Can I get 0% finance on an OMODA?
OMODA runs 0% APR promotions on selected models at certain times. The electric E5 has been included in 0% APR PCP campaigns, while other models can have different promotional rates. Offers can change, so check the current deposit, term and total amount payable before applying.
Can I finance an electric OMODA E5?
Yes. OMODA car finance is available for the electric E5, with PCP among the finance structures promoted for new models. When comparing an E5 agreement, include charging costs, annual mileage, the Optional Final Payment and remaining battery warranty in your calculations.
How long is the OMODA warranty?
New OMODA cars currently have manufacturer warranty cover of up to seven years or 100,000 miles, whichever comes first, subject to the manufacturer’s terms. High-voltage batteries in electric and hybrid models have separate cover of up to eight years or 100,000 miles.
Compare OMODA car finance around your chosen model
The range of powertrains makes OMODA car finance slightly different for each buyer. Financing an electric E5 brings charging and future EV values into the calculation, while an OMODA 5 petrol buyer may place more weight on ownership plans and fuel costs. The OMODA 7 and 9 add plug-in hybrid driving into the mix.
Compare the deposit, APR, regular repayments, mileage allowance, total amount payable and end-of-term position alongside the everyday costs of the model you choose.
Enjoy Finance provides information about vehicle funding and may link to third-party providers. We do not provide finance directly. Applications remain subject to the relevant provider’s eligibility requirements, affordability assessment and terms.
