How Leasing Works

Quite simply, car leasing is like a rental agreement. You choose a vehicle for a set period of time (usually two to three years), pay a fixed monthly price and return the vehicle at the end of the agreement. The ease of car leasing has made it increasingly popular in recent years with over 1.6 million people now leasing a car in the UK.

Benefits of car leasing

● Brand new car - Drive the latest models Link to latest models page with the most up to date technology and safety features at an affordable price

● No large deposit - Rather than pay a large deposit you simply pay a small initial amount, usually equivalent to three monthly payments, at the start of the lease. We also offer no initial payment options.

● No unexpected costs - Fixed monthly payments, road tax included and a manufacturer's warranty lets you avoid any unexpected costs.

● No depreciation - The greatest cost of running any new car is depreciation. Many new cars lose more than half their initial value after the first three years of ownership.

● No hassle - At the end of the lease period, you simply hand the car back and go again. No need to worry about having to sell the car, that’s up to the leasing company. 

Extra benefits of business leasing

● As a business, this is the most efficient method of funding the vehicles as it takes advantage of the tax and VAT regulations to reduce the whole life running cost of your vehicles and is supported by the buying power of the finance company, to assist in reducing the cost even further.

Read more about personal and business car leasing.