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LocoScore
Amazing value
Toyota bZ4X
150kW Pure 71.4kWh 5dr Auto [11kW]
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Medium)
3 years, 12 months upfront · 5,000 mi.
£264.89 monthly
LocoScore
Amazing value
£264.89 per month
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LocoScore
Amazing value
BYD Seal U
1.5 DM-i Boost 5dr Auto
- 5
- 5
- Automatic
- Petrol PHEV
Body type
SUV (Large)
3 years, 12 months upfront · 5,000 mi.
£224.00 monthly
LocoScore
Amazing value
£224.00 per month
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LocoScore
Amazing value
Ford Puma Gen-E
123kW Select 43kWh 5dr Auto
- 5
- 5
- Automatic
- Fully electric
Body type
Crossover
2 years, 12 months upfront · 6,000 mi.
£150.30 monthly
LocoScore
Amazing value
£150.30 per month
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LocoScore
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Peugeot 208
1.2 PureTech 100 GT Premium 5dr
- 5
- 5
- Manual
- Petrol
Body type
Hatchback
2 years, 12 months upfront · 6,000 mi.
£160.67 monthly
LocoScore
Amazing value
£160.67 per month
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Amazing value
Peugeot 208
1.2 Hybrid 145 GT Premium 5dr e-DSC6
- 5
- 5
- Automatic
- Petrol
Body type
Hatchback
2 years, 12 months upfront · 6,000 mi.
£187.07 monthly
LocoScore
Amazing value
£187.07 per month
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LocoScore
Great value
Volkswagen Polo
1.0 TSI Match 5dr
- 5
- 5
- Manual
- Petrol
Body type
Hatchback
2 years, 9 months upfront · 10,000 mi.
£183.97 monthly
LocoScore
Great value
£183.97 per month
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LocoScore
Amazing value
Volkswagen T-Roc
1.5 TSI Black Edition Plus 5dr DSG
- 5
- 5
- Automatic
- Petrol
Body type
Crossover
2 years, 12 months upfront · 10,000 mi.
£258.19 monthly
LocoScore
Amazing value
£258.19 per month
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LocoScore
Amazing value
KIA Sportage
1.6T GDi 157 48V ISG 2 5dr
- 5
- 5
- Manual
- Petrol
Body type
SUV (Medium)
3 years, 12 months upfront · 5,000 mi.
£204.04 monthly
LocoScore
Amazing value
£204.04 per month
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LocoScore
Amazing value
Nissan ARIYA
225kW Advance 87kWh 22kWCh 5dr e-4ORCE Auto
- 5
- 5
- Automatic
- Fully electric
Body type
Crossover
2 years, 12 months upfront · 5,000 mi.
£260.38 monthly
LocoScore
Amazing value
£260.38 per month
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LocoScore
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Ford Puma
1.0 EcoBoost Hybrid mHEV ST-Line 5dr
- 5
- 5
- Manual
- Petrol
Body type
Crossover
3 years, 12 months upfront · 10,000 mi.
£219.79 monthly
LocoScore
Great value
£219.79 per month
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LocoScore
Amazing value
XPENG G6
210kW 88kWh 5dr RWD Auto
- 5
- 5
- Automatic
- Fully electric
Body type
Crossover
3 years, 9 months upfront · 5,000 mi.
£340.55 monthly
LocoScore
Amazing value
£340.55 per month
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LocoScore
Amazing value
Hyundai Tucson
1.6T Hybrid N Line 5dr Auto
- 5
- 5
- Automatic
- Hybrid
Body type
SUV (Medium)
3 years, 12 months upfront · 5,000 mi.
£257.51 monthly
LocoScore
Amazing value
£257.51 per month
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LocoScore
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Volkswagen Golf
1.5 TSI 272 GTE eHybrid 5dr DSG
- 5
- 5
- Automatic
- Petrol PHEV
Body type
Hatchback
3 years, 12 months upfront · 10,000 mi.
£318.88 monthly
LocoScore
Great value
£318.88 per month
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LocoScore
Great value
Nissan Juke
1.0 DiG-T Tekna 5dr DCT
- 5
- 5
- Automatic
- Petrol
Body type
Crossover
3 years, 12 months upfront · 6,000 mi.
£212.47 monthly
LocoScore
Great value
£212.47 per month
ConfigureLocoScore
Great value
Hyundai Tucson
1.6T Hybrid Ultimate 5dr Auto
- 5
- 5
- Automatic
- Hybrid
Body type
SUV (Medium)
3 years, 12 months upfront · 5,000 mi.
£296.82 monthly
LocoScore
Great value
£296.82 per month
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LocoScore
Amazing value
Nissan Qashqai
1.5 E-Power N-Connecta [Glass Roof] 5dr Auto
- 5
- 5
- Automatic
- Hybrid
Body type
SUV (Medium)
2 years, 12 months upfront · 5,000 mi.
£217.26 monthly
LocoScore
Amazing value
£217.26 per month
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LocoScore
Amazing value
Volvo EX30
315kW Twin Motor Performance Plus 69kWh 5dr Auto
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Small)
1.5 years, 12 months upfront · 8,000 mi.
£278.40 monthly
LocoScore
Amazing value
£278.40 per month
ConfigureLocoScore
Amazing value
Nissan Qashqai
1.3 DiG-T MH 158 N-Connecta [Glass Rf] 5dr Xtronic
- 5
- 5
- Automatic
- Petrol
Body type
SUV (Medium)
2 years, 1 month upfront · 5,000 mi.
£303.90 monthly
LocoScore
Amazing value
£303.90 per month
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LocoScore
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MG Motor UK ZS
1.5 Hybrid+ Trophy 5dr Auto
- 5
- 5
- Automatic
- Hybrid
Body type
Hatchback
3 years, 12 months upfront · 5,000 mi.
£185.35 monthly
LocoScore
Great value
£185.35 per month
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LocoScore
Amazing value
Ford Kuga
2.5 PHEV ST-Line 5dr CVT
- 5
- 5
- Automatic
- Petrol PHEV
Body type
SUV (Medium)
2 years, 3 months upfront · 5,000 mi.
£296.11 monthly
LocoScore
Amazing value
£296.11 per month
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LocoScore
Amazing value
Volkswagen Golf
1.5 TSI 150 R-Line 5dr
- 5
- 5
- Manual
- Petrol
Body type
Hatchback
2 years, 12 months upfront · 10,000 mi.
£224.29 monthly
LocoScore
Amazing value
£224.29 per month
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Amazing value
Volvo EX30
315kW Twin Motor Performance Ultra 69kWh 5dr Auto
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Small)
1.5 years, 12 months upfront · 8,000 mi.
£298.81 monthly
LocoScore
Amazing value
£298.81 per month
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LocoScore
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Volkswagen Golf
2.0 TSI 265 GTI 5dr DSG
- 5
- 5
- Automatic
- Petrol
Body type
Hatchback
3 years, 12 months upfront · 5,000 mi.
£293.89 monthly
LocoScore
Great value
£293.89 per month
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LocoScore
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Renault Scenic E-Tech
160kW Techno Esprit Alpine 87kWh Long Range 5dr AT
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Medium)
3 years, 12 months upfront · 5,000 mi.
£268.09 monthly
LocoScore
Amazing value
£268.09 per month
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LocoScore
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SKODA Enyaq iV
150kW 60 SE L 63kWh 5dr Auto
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Medium)
2 years, 12 months upfront · 10,000 mi.
£213.68 monthly
LocoScore
Amazing value
£213.68 per month
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LocoScore
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Audi A6 e-tron Avant
210kW 83kWh Sport 5dr Auto
- 5
- 5
- Automatic
- Fully electric
Body type
Estate
2 years, 9 months upfront · 10,000 mi.
£497.79 monthly
LocoScore
Amazing value
£497.79 per month
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LocoScore
Amazing value
Volkswagen ID.3
125kW Match Pure 52kWh 5dr Auto
- 5
- 5
- Automatic
- Fully electric
Body type
Hatchback
2 years, 12 months upfront · 10,000 mi.
£202.11 monthly
LocoScore
Amazing value
£202.11 per month
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Amazing value
Nissan Qashqai
1.3 DiG-T MH Acenta Premium 5dr
- 5
- 5
- Manual
- Petrol
Body type
SUV (Medium)
2 years, 9 months upfront · 5,000 mi.
£191.76 monthly
LocoScore
Amazing value
£191.76 per month
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LocoScore
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Audi A5 Saloon
2.0 TFSI 299 e Quattro Technik 4dr S Tronic
- 5
- 4
- Automatic
- Petrol PHEV
Body type
Saloon
2 years, 9 months upfront · 5,000 mi.
£364.56 monthly
LocoScore
Great value
£364.56 per month
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LocoScore
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MG Motor UK HS
1.5 T-GDI PHEV Trophy 5dr Auto
- 5
- 5
- Automatic
- Petrol PHEV
Body type
SUV (Medium)
3 years, 12 months upfront · 10,000 mi.
£260.69 monthly
LocoScore
Great value
£260.69 per month
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LocoScore
Great value
BMW i4 Gran Coupe
440kW M60 83.9kWh 5dr Auto
- 5
- 5
- Automatic
- Fully electric
Body type
Coupe
4 years, 9 months upfront · 10,000 mi.
£615.57 monthly
LocoScore
Great value
£615.57 per month
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LocoScore
Amazing value
CUPRA Born
170kW e-Boost V1 59kWh 5dr Auto
- 5
- 5
- Automatic
- Fully electric
Body type
Hatchback
2 years, 9 months upfront · 10,000 mi.
£259.96 monthly
LocoScore
Amazing value
£259.96 per month
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LocoScore
Amazing value
SKODA Enyaq iV Coupe
210kW 85x Sportline 82kWh 4x4 5dr Auto
- 5
- 5
- Automatic
- Fully electric
Body type
Coupe
2 years, 12 months upfront · 10,000 mi.
£299.14 monthly
LocoScore
Amazing value
£299.14 per month
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LocoScore
Amazing value
Hyundai Kona
1.6 Hybrid 129 N Line S 5dr DCT
- 5
- 5
- Automatic
- Hybrid
Body type
Crossover
3 years, 12 months upfront · 5,000 mi.
£237.53 monthly
LocoScore
Amazing value
£237.53 per month
ConfigureLocoScore
Amazing value
Nissan Qashqai
1.5 E-Power Tekna 5dr Auto
- 5
- 5
- Automatic
- Hybrid
Body type
SUV (Medium)
2 years, 12 months upfront · 5,000 mi.
£237.61 monthly
LocoScore
Amazing value
£237.61 per month
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LocoScore
Amazing value
Vauxhall Corsa
1.2 Turbo Ultimate 5dr
- 5
- 5
- Manual
- Petrol
Body type
Hatchback
3 years, 9 months upfront · 5,000 mi.
£167.99 monthly
LocoScore
Amazing value
£167.99 per month
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LocoScore
Amazing value
Vauxhall Grandland
157kW Ultimate 73kWh 5dr Auto [Fixed Roof]
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Medium)
2 years, 3 months upfront · 5,000 mi.
£280.94 monthly
LocoScore
Amazing value
£280.94 per month
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LocoScore
Great value
Peugeot 2008
1.2 PureTech Allure 5dr
- 5
- 5
- Manual
- Petrol
Body type
SUV (Medium)
3 years, 12 months upfront · 10,000 mi.
£208.46 monthly
LocoScore
Great value
£208.46 per month
Configure
LocoScore
Great value
KIA Sportage
1.6T GDi 157 48V ISG GT-Line 5dr DCT
- 5
- 5
- Automatic
- Petrol
Body type
SUV (Medium)
3 years, 12 months upfront · 5,000 mi.
£272.71 monthly
LocoScore
Great value
£272.71 per month
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LocoScore
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Vauxhall Grandland
157kW GS 73kWh 5dr Auto
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Medium)
2 years, 12 months upfront · 5,000 mi.
£277.79 monthly
LocoScore
Great value
£277.79 per month
ConfigureLocoScore
Great value
Vauxhall Corsa
1.2 Turbo GS 5dr
- 5
- 5
- Manual
- Petrol
Body type
Hatchback
2 years, 9 months upfront · 5,000 mi.
£171.42 monthly
LocoScore
Great value
£171.42 per month
ConfigureLocoScore
Amazing value
Ford Puma Gen-E
123kW Premium 43kWh 5dr Auto
- 5
- 5
- Automatic
- Fully electric
Body type
Crossover
2 years, 12 months upfront · 6,000 mi.
£159.91 monthly
LocoScore
Amazing value
£159.91 per month
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LocoScore
Great value
Renault Symbioz
1.6 E-Tech FHEV 145 Techno Esprit Alpine 5dr Auto
- 5
- 5
- Automatic
- Hybrid
Body type
SUV (Medium)
3 years, 12 months upfront · 5,000 mi.
£209.08 monthly
LocoScore
Great value
£209.08 per month
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LocoScore
Amazing value
Nissan X-Trail
1.5 MHEV 163 N-Connecta 5dr [7 Seat] Xtronic
- 7
- 5
- Automatic
- Petrol
Body type
SUV (Medium)
2 years, 12 months upfront · 5,000 mi.
£227.99 monthly
LocoScore
Amazing value
£227.99 per month
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LocoScore
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Tesla Model 3
RWD 4dr Auto
- 5
- 4
- Automatic
- Fully electric
Body type
Saloon
2 years, 12 months upfront · 10,000 mi.
£312.44 monthly
LocoScore
Great value
£312.44 per month
ConfigureLocoScore
Great value
Volkswagen Golf
1.5 eTSI 150 R-Line 5dr DSG
- 5
- 5
- Automatic
- Petrol
Body type
Hatchback
2 years, 12 months upfront · 10,000 mi.
£274.39 monthly
LocoScore
Great value
£274.39 per month
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LocoScore
Amazing value
Volkswagen ID.4
210kW Match Pro 77kWh 5dr Auto
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Medium)
2 years, 12 months upfront · 10,000 mi.
£303.86 monthly
LocoScore
Amazing value
£303.86 per month
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LocoScore
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Volkswagen Golf
2.0 TSI 333 R 4Motion 5dr DSG
- 5
- 5
- Automatic
- Petrol
Body type
Hatchback
3 years, 6 months upfront · 8,000 mi.
£402.82 monthly
LocoScore
Great value
£402.82 per month
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LocoScore
Amazing value
Ford Puma Gen-E
- 5
- 5
- Automatic
- Fully electric
Body type
Crossover
2 years, 12 months upfront · 6,000 mi.
£150.30 monthly
LocoScore
Amazing value
£150.30 per month
Configure
LocoScore
Amazing value
Leapmotor C10
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Large)
2 years, 6 months upfront · 5,000 mi.
£229.99 monthly
LocoScore
Amazing value
£229.99 per month
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LocoScore
Amazing value
Volkswagen ID.3
- 5
- 5
- Automatic
- Fully electric
Body type
Hatchback
2 years, 12 months upfront · 10,000 mi.
£212.22 monthly
LocoScore
Amazing value
£212.22 per month
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LocoScore
Amazing value
Renault Rafale
- 5
- 5
- Automatic
- Petrol PHEV
Body type
Crossover
2 years, 12 months upfront · 5,000 mi.
£229.80 monthly
LocoScore
Amazing value
£229.80 per month
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LocoScore
Amazing value
Peugeot E-5008
- 7
- 5
- Automatic
- Fully electric
Body type
SUV (Medium)
2 years, 12 months upfront · 5,000 mi.
£259.31 monthly
LocoScore
Amazing value
£259.31 per month
ConfigureLocoScore
Amazing value
Nissan ARIYA
- 5
- 5
- Automatic
- Fully electric
Body type
Crossover
2 years, 12 months upfront · 5,000 mi.
£260.38 monthly
LocoScore
Amazing value
£260.38 per month
Configure
LocoScore
Amazing value
Hyundai IONIQ 6
- 5
- 4
- Automatic
- Fully electric
Body type
Saloon
2 years, 12 months upfront · 5,000 mi.
£261.60 monthly
LocoScore
Amazing value
£261.60 per month
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LocoScore
Amazing value
Polestar 4
- 5
- 5
- Automatic
- Fully electric
Body type
Crossover
2 years, 12 months upfront · 5,000 mi.
£344.40 monthly
LocoScore
Amazing value
£344.40 per month
Configure
LocoScore
Amazing value
GWM Ora 3
- 5
- 5
- Automatic
- Fully electric
Body type
Hatchback
3 years, 1 month upfront · 5,000 mi.
£233.06 monthly
LocoScore
Amazing value
£233.06 per month
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LocoScore
Amazing value
Peugeot e-Rifter
- 5
- 5
- Automatic
- Fully electric
Body type
MPV
2 years, 12 months upfront · 10,000 mi.
£191.13 monthly
LocoScore
Amazing value
£191.13 per month
ConfigureLocoScore
Amazing value
SKODA Enyaq iV
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Medium)
2 years, 12 months upfront · 10,000 mi.
£213.68 monthly
LocoScore
Amazing value
£213.68 per month
ConfigureLocoScore
Amazing value
Ford Kuga
- 5
- 5
- Automatic
- Petrol PHEV
Body type
SUV (Medium)
2 years, 3 months upfront · 5,000 mi.
£296.11 monthly
LocoScore
Amazing value
£296.11 per month
Configure
LocoScore
Amazing value
Ford Capri
- 5
- 5
- Automatic
- Fully electric
Body type
Crossover
2 years, 12 months upfront · 5,000 mi.
£295.84 monthly
LocoScore
Amazing value
£295.84 per month
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LocoScore
Amazing value
Volkswagen Passat Estate
- 5
- 5
- Automatic
- Petrol PHEV
Body type
Estate
2 years, 12 months upfront · 5,000 mi.
£259.23 monthly
LocoScore
Amazing value
£259.23 per month
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LocoScore
Amazing value
Volkswagen ID.7
- 5
- 5
- Automatic
- Fully electric
Body type
Saloon
2 years, 12 months upfront · 10,000 mi.
£368.28 monthly
LocoScore
Amazing value
£368.28 per month
Configure
LocoScore
Amazing value
Peugeot E-3008
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Medium)
2 years, 12 months upfront · 5,000 mi.
£272.87 monthly
LocoScore
Amazing value
£272.87 per month
ConfigureLocoScore
Amazing value
SKODA Enyaq iV Coupe
- 5
- 5
- Automatic
- Fully electric
Body type
Coupe
2 years, 12 months upfront · 10,000 mi.
£299.14 monthly
LocoScore
Amazing value
£299.14 per month
Configure
LocoScore
Amazing value
CUPRA Tavascan
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Medium)
2 years, 12 months upfront · 10,000 mi.
£343.34 monthly
LocoScore
Amazing value
£343.34 per month
Configure
LocoScore
Amazing value
Volkswagen ID.7 Tourer
- 5
- 5
- Automatic
- Fully electric
Body type
Estate
2 years, 6 months upfront · 10,000 mi.
£438.41 monthly
LocoScore
Amazing value
£438.41 per month
Configure
LocoScore
Amazing value
Hyundai Kona Electric
- 5
- 5
- Automatic
- Fully electric
Body type
Crossover
2 years, 12 months upfront · 5,000 mi.
£216.61 monthly
LocoScore
Amazing value
£216.61 per month
ConfigureLocoScore
Amazing value
Vauxhall Grandland
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Medium)
2 years, 3 months upfront · 5,000 mi.
£280.94 monthly
LocoScore
Amazing value
£280.94 per month
Configure
LocoScore
Amazing value
CUPRA Formentor
- 5
- 5
- Automatic
- Petrol PHEV
Body type
Crossover
2 years, 12 months upfront · 5,000 mi.
£236.78 monthly
LocoScore
Amazing value
£236.78 per month
Configure
LocoScore
Amazing value
OMODA 5
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Medium)
2 years, 12 months upfront · 5,000 mi.
£245.00 monthly
LocoScore
Amazing value
£245.00 per month
Configure
LocoScore
Amazing value
Ford Explorer
- 5
- 5
- Automatic
- Fully electric
Body type
SUV (Medium)
2 years, 12 months upfront · 5,000 mi.
£238.54 monthly
LocoScore
Amazing value
£238.54 per month
ConfigureLifestyle collections
The easy way to sell your car?
The easy way to sell your car
Get your best price from 7,500+ dealers, it's online, fast and 100% free. 84% of Motorway customers get more money.1
Get your best price from 7,500+ dealers, it's online, fast and 100% free. 84% of Motorway customers get more money.1
Compare car insurance quotes
You could save up to £482.403 on your Car Insurance
With deals from over 170 providers, MoneySuperMarket helps you compare car insurance prices to find the policy that is right for you.
With deals from over 170 providers, MoneySuperMarket helps you compare car insurance prices to find the policy that is right for you.
Our innovative website breaks down the differences in spec between each trim on a certain vehicle - letting you make more informed decisions.
Over
7.5 million
lease deals
Live and ready to go.
Provided by
80+ approved
lease partners
Giving you incredible deals.
The higher the LocoScore,
the better the lease deal.
Looking for a great price? How about great value? Our unique LocoScore algorithm rates every car lease deal out of 100, giving you the best value and letting you know what's hot and what's . . . not.
We'll help find the right van or car lease deals for you. Deals in the 60-69 territory can be considered average, whilst anything from 70 upwards is good value. And 100? Well, you're dreaming.
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Tailored to your terms
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Based on all available deals
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With our LocoScore
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Deals available at your finger tips provided from 80+ approved partners
£30m+
We've saved our users over £30m in the last year compared to buying on a PCP contract2
Price Tracker
We've got you covered.
Track the historical price for context on what's genuinely a great lease deal.
LocoScore
Search with confidence.
Ever wondered if you're getting the best lease deal? Find amazing deals with confidence using our LocoScore.
Price Alerts
Be the first to know.
Never miss out; Save cars to your garage and get price alerts when your favourite cars drop in price.
Build your car
Configure the car you've always wanted.
An industry first car lease configurator. Configure the car you've always wanted. You may even find a higher spec car for less.
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We compare so you don't have to. Comparing car features has never been easier. Choose the right car with confidence.
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What is car leasing and how does it work?
Car leasing is a rental agreement which allows you to have a vehicle for an agreed period of time, typically two to four years, in exchange for fixed monthly payments. Leasing a car for a longer period of time may reduce this fixed monthly cost, but that will depend on the type of vehicle you choose as well as the terms of your leasing contract. You will also need to cover an initial rental payment upfront, which may be the equivalent of one to twelve monthly payments.
At the end of your car leasing term, you won't own the vehicle and will be required to return it. You may be able to extend your car lease or lease a brand new car, but you will not have the option to buy the vehicle you have been leasing.
Almost anyone can lease a car, there are only a couple of requirements. To be eligible for leasing a car you need to be at least 18 years old, hold a full UK driving licence and pass the appropriate credit checks.
When applying for car lease deals, you will need to have a few different documents ready. These include a form of photographic ID, proof of your address, and information about your job from an employer.
Road tax, a manufacturer’s warranty, breakdown cover and free delivery straight to your door are all included in a car lease agreement - so even less hassle for you!
Insurance is usually something you will need to organise yourself, but it’s the exact same as insuring a brand new car you have bought, except the leasing company will be the registered owner of the car instead of you.
Personal and business car leasing are both very similar, but there are a few differences. For a business lease vehicle, the name on the contract will be your company’s name, while it will simply be your own name on a personal contract hire agreement.
This also means the documents required will be different. For personal leasing, you will be required to provide your ID and also pass the relevant checks, including credit checks. With a business lease, you will be required to provide proof of your business including bank statements, audited accounts and other relevant information about your business.
Finally, business leasing allows you to claim back the VAT on the cost of your lease deal, so it can often work out significantly cheaper than personal leasing.
Once your lease comes to an end, you simply hand the car back. The leasing company will check the car is within its annual mileage limit and they will inspect the car for any damage. It is never expected for a car to be in perfect, brand-new condition, so general wear and tear won’t constitute for any additional costs to be paid.
Our leasing partners will usually collect your car for free too. If you’ve planned ahead, you could potentially get your new lease car dropped off at the same time your other car is being collected!
Car leasing is a rental agreement which allows you to have a vehicle for an agreed period of time, typically two to four years, in exchange for fixed monthly payments. Leasing a car for a longer period of time may reduce this fixed monthly cost, but that will depend on the type of vehicle you choose as well as the terms of your leasing contract. You will also need to cover an initial rental payment upfront, which may be the equivalent of 1 to 12 monthly payments.
At the end of your car leasing term, you won’t own the vehicle and will be required to return it. You may be able to extend your car lease or lease a brand new car, but you will not have the option to buy the vehicle you have been leasing.
Car leasing is often a cheaper way to drive the car you want, without having to purchase it or take out dealer finance. You can expect a lease car to have a lower upfront cost and to come with a more affordable monthly fee than if you were to buy a brand new car outright. What's more, you don't have to worry about depreciation and road tax is covered by the leasing company.
Car leasing might not be right for you if you want to own the car you are leasing. However, if you haven’t decided on the type of car you may want to buy someday, leasing gives you ample opportunity to make up your mind.
Having a poor credit score can affect your chances of leasing a car. Many car leasing companies will list having a good credit score as a requirement for securing a lease, while others may still accept you but offer you less favourable car lease deals. This could mean higher monthly rental costs or limited options when it comes to contract length.
It’s typically up to you to make sure your car is serviced and functioning properly, meaning you will be responsible for any associated costs. In some circumstances, you may be able to find a car leasing deal with add-ons that may cover some routine maintenance costs, such as replacing worn tyres. However, these aren’t included as standard, so always read your lease agreement carefully.
A PCP (personal contract purchase) agreement is different from car leasing in that it allows you to buy your vehicle at the end of the fixed term. Car leasing is like renting a car whereas a PCP is a form of car financing. Once a PCP agreement has ended, you will need to pay a substantial amount of money to your car finance company to keep the car, known as a balloon payment. With lease vehicles, you’ll simply return the vehicle and face no extra charges providing it’s in good condition.
If you have exceeded your annual mileage, you may need to pay an additional charge. You can expect to pay a few extra pence for each mile you go over your agreed-upon limit, depending on the terms of your agreement.
However, it’s often possible to extend your mileage allowance part-way through your lease, so if you think you may exceed your pre-agreed upon limit, speak to your leasing company to avoid unexpected fees at the end of your contract.
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Get a £20 Amazon voucher when you lease your car through LeaseLoco.
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Earn £20 Amazon vouchers for every friend you invite who goes on to lease through us.