Alphera launch new used car finance to offset carbon emissions

Alphera Financial Services is partnering with BuyaCar to launch Alphera Zero, a finance product that allows consumers to offset carbon emissions from used hybrids and plug-in hybrids.

Alphera Zero allows customers to purchase a used hybrid or plug-in hybrid vehicle (PHEV), and offset all its carbon emissions through their term of ownership.

Last month, Alphera reported a 75% growth in the number of customers using its digital and online platforms. 

Electric vehicle (EV) enquiries soared by 500% after the Government made announcement that it plans to ban the sale of cars and vans powered wholly by petrol or diesel engines in 2030.

Spencer Halil, director at Alphera, said: “As the UK enters a new era of electromobility we want to help consumers with the transition into some form of electrified vehicle.

“Alphera Zero offers used car buyers the opportunity to fully exploit plug-in and hybrid technology for themselves while reducing their impact on the environment.

“Given public appetite for more sustainable ways of living and modes of travel, we expect Alphera Zero to be popular.”

Alphera is working with Carbon Footprint to offset the emissions of vehicles financed through Alphera Zero, through tree planting programmes.

Alphera won the 2019 AM Award for Best New Product or Service, in 2019. 

If it’s initial six-month partnership with BuyaCar proves to be successful with consumers, Alphera will explore options to expand the scheme, said the company.