Car Leasing Online

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How Leasing Works

How does car leasing work?

With a car lease you are paying for the use of that car for a set period of time; typically, 2, 3 or 4 years. You are paying for the depreciation only of the vehicle, thus getting the right lease deal can mean you can drive a much more expensive car for your budget than other methods of funding.

How Vehicle Residuals Effect Lease Payments

When you lease a new vehicle, you’re “buying” the vehicle’s depreciation (the left section).

When the residual value is high, you “buy” a smaller chunk of the car.

If the residual value is low, you have to buy a bigger portion of the car and that makes your lease payment higher.

Taking a car lease helps you avoid any unexpected costs by having a fixed monthly cost for the duration of the lease. You don’t have to worry about depreciation or selling the car as the finance company has responsibility for this. By adding an optional maintenance package on, any servicing costs and replacement tyres can also be covered,

The length of contract you choose can be down to how long you want to take the car for or sometimes can be due to there being a special offer on a particular length of contract (sometimes 2 year deals may work much cheaper than 3 years for instance due to the large discount on the vehicle being divided by a shorter timeframe)

How are car leasing deals structured?

Most car leasing deals consist of an ‘initial rental’ and a set series of monthly repayments. The initial rental refers to how much you’ll pay up front (usually after delivery) and is usually three, six or nine times the monthly payment amount. Car leasing deals are usually referred to by the size of the initial rental and the number of subsequent monthly payments. For example, a 6 + 35 agreement requires an initial rental amount equal to six monthly payments, after which you’ll pay a set monthly payment amount every month for the next 35 months. The total length of a 6 + 35 deal is 36 months (three years). A 9+23 would therefore be an initial rental of 9 payments followed by 23 monthly payments. There is usually a processing fee to be paid just after ordering.

How does the process work?

Do I own a leased car?

No – the finance company buy the car and own it

As such, it’s quite similar to renting a house – you have sole use of it, but it’s still owned by the landlord at all times. If you want to change your car every few years and have a security of a new car under full warranty then leasing could be for you. If you want to own a car outright and run it for a long time then leasing isn’t really for you.

Not owning your leased car means you won’t have to worry about the hassle of selling it on, or how much it may have lost in value (depreciated) in the time you’ve been driving it. Our lease offers are on new cars only (some are pre registered but are brand new). As such they are all covered by the manufacturer’s warranty, meaning you won’t have to pay to fix any unforeseen issues.

How do I insure a leased car?

Just the same way you would for a car you owned outright. On the bulk of our offers we can’t factor it in to the rental so you will need to arrange fully comprehensive insurance. When insuring, you have to put the finance company as owner and keeper of the car. Sometimes as the car is brand new, the registration number won’t show on their database so you will have to give them make and model and explain it is brand new in order to get a quote.

Are there any downsides to leasing a car?

Car leases can be expensive to get out of if your circumstance change- there will be a settlement based around the number of rentals left. You should always consider if you can keep up repayments if your circumstances were to change.

Check our other informative pages:

Guide to personal leasing
Guide to Business leasing
FAQ’s
Maintenance explained

A selection of our latest offers

Special Offer

BMW

X5 xDrive30d M Sport
BMW X5 image

Personal Inc VAT

Term: 48 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £6,406.85
£533.90pm

Business Exc VAT

Term: 48 months
Mileage: 5000 miles
Fee: £250
Initial rental: £5,339.04
£444.92pm
View Deal
Special Offer

Audi

A4 Avant 40 TDI 190 Black Edition S tronic
Audi A4 Avant image

Personal Inc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £2,970.58
£247.55pm

Business Exc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £250
Initial rental: £2,475.48
£206.29pm
View Deal
Special Offer

Ford

Kuga 1.5T 150 St-Line EcoBoost
Ford Kuga image

Personal Inc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £1,957.54
£163.13pm

Business Exc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £250
Initial rental: £1,631.28
£135.94pm
View Deal
Special Offer

Mercedes

E-Class Estate E220d 2.0 AMG Line Premium Auto
Mercedes E-Class Estate image

Personal Inc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £3,734.21
£311.18pm

Business Exc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £250
Initial rental: £3,111.84
£259.32pm
View Deal
Special Offer

Volvo

V90 2.0 T4 190hp Momentum Plus
Volvo V90 image

Personal Inc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £2,508.05
£209.00pm

Business Exc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £250
Initial rental: £2,090.04
£174.17pm
View Deal
Special Offer

Skoda

Superb Hatch 2.0TDI 150ps SE L Executive SCR
Skoda Superb Hatch image

Personal Inc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £2,460.38
£205.03pm

Business Exc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £250
Initial rental: £2,050.32
£170.86pm
View Deal
Special Offer

Volvo

XC60 2.0 D4 190hp Inscription Auto FWD
Volvo XC60 image

Personal Inc VAT

Term: 36 months
Mileage: 10000 miles
Fee: £300.00
Initial rental: £4,334.69
£361.22pm

Business Exc VAT

Term: 36 months
Mileage: 10000 miles
Fee: £250
Initial rental: £3,612.24
£301.02pm
View Deal
Special Offer

BMW

3 Series Saloon 320i 2.0 M Sport Auto
BMW 3 Series Saloon image

Personal Inc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £3,200.26
£266.69pm

Business Exc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £250
Initial rental: £2,666.88
£222.24pm
View Deal
Special Offer

BMW

4 Series Coupe 420i 2.0 M Sport Auto LCI
BMW 4 Series Coupe image

Personal Inc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £2,869.78
£239.15pm

Business Exc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £250
Initial rental: £2,391.48
£199.29pm
View Deal
Special Offer

BMW

X3 xDrive20d M Sport Auto
BMW X3 image

Personal Inc VAT

Term: 48 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £4,063.68
£338.64pm

Business Exc VAT

Term: 48 months
Mileage: 5000 miles
Fee: £250
Initial rental: £3,386.40
£282.20pm
View Deal
Special Offer

Audi

Q5 45 TFSI 245 Quattro S Line S tronic
Audi Q5 image

Personal Inc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £4,212.72
£351.06pm

Business Exc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £250
Initial rental: £3,510.60
£292.55pm
View Deal
Special Offer

BMW

2 Series Coupe 218d 2.0 M Sport
BMW 2 Series Coupe image

Personal Inc VAT

Term: 48 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £2,340.72
£195.06pm

Business Exc VAT

Term: 48 months
Mileage: 5000 miles
Fee: £250
Initial rental: £1,950.60
£162.55pm
View Deal
Special Offer

Land Rover

Range Rover Velar 2.0 D180 R-Dynamic S Auto
Land Rover Range Rover Velar image

Personal Inc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £4,638.82
£386.57pm

Business Exc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £250
Initial rental: £3,865.68
£322.14pm
View Deal
Special Offer

Tesla

Model 3 Saloon Standard Plus Auto RWD
Tesla Model 3 Saloon image

Personal Inc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £4,155.12
£346.26pm

Business Exc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £250
Initial rental: £3,462.60
£288.55pm
View Deal
Special Offer

Fiat

500 Hatch 1.2 69hp Lounge
Fiat 500 Hatch image

Personal Inc VAT

Term: 48 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £1,466.64
£122.22pm

Business Exc VAT

Term: 48 months
Mileage: 5000 miles
Fee: £250
Initial rental: £1,222.20
£101.85pm
View Deal
Special Offer

Audi

A5 Cabriolet 40 TFSI 190ps S Line Tech Pack S tronic
Audi A5 Cabriolet image

Personal Inc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £3,713.47
£309.46pm

Business Exc VAT

Term: 24 months
Mileage: 5000 miles
Fee: £250
Initial rental: £3,094.56
£257.88pm
View Deal
Special Offer

Land Rover

Discovery Sport Sport 2.0 D150 FWD
Land Rover Discovery Sport image

Personal Inc VAT

Term: 36 months
Mileage: 8000 miles
Fee: £300.00
Initial rental: £3,492.72
£291.06pm

Business Exc VAT

Term: 36 months
Mileage: 8000 miles
Fee: £250
Initial rental: £2,910.60
£242.55pm
View Deal
Special Offer

Honda

Jazz 1.3 i-VTEC EX Navi CVT
Honda Jazz image

Personal Inc VAT

Term: 36 months
Mileage: 5000 miles
Fee: £300.00
Initial rental: £2,024.06
£168.67pm

Business Exc VAT

Term: 36 months
Mileage: 5000 miles
Fee: £250
Initial rental: £1,686.72
£140.56pm
View Deal
Special Offer

Jaguar

XE 2.0D 180ps R-Dynamic S Auto
Jaguar XE image

Personal Inc VAT

Term: 36 months
Mileage: 8000 miles
Fee: £300.00
Initial rental: £3,481.06
£290.09pm

Business Exc VAT

Term: 36 months
Mileage: 8000 miles
Fee: £250
Initial rental: £2,900.88
£241.74pm
View Deal
Special Offer

Mazda

CX-3 2.0 121ps GT Sport Nav+ 2WD
Mazda CX-3 image

Personal Inc VAT

Term: 36 months
Mileage: 8000 miles
Fee: £300.00
Initial rental: £2,561.33
£213.44pm

Business Exc VAT

Term: 36 months
Mileage: 8000 miles
Fee: £250
Initial rental: £2,134.44
£177.87pm
View Deal

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