Let's say there's a hot car you like which costs a fortune upfront. You can't afford to buy it new outright, and you'd rather not have to buy a used one from some stranger.
That's why they invented a little thing called leasing (i.e. personal contract hire). Car leasing lets you get behind the wheel of that BRAND NEW car for fixed monthly payments. And because you don't own the lease car, you don't have to worry about it losing its value as soon as you drive it 5 yards down the street. Car leasing is a bit like renting, for as long as 4 years, or maybe as little as 12 months. Entirely up to you.
Hang on, that sounds an awful lot like PCP . . .
Actually, there's a few things that leasing does better:
Often works out cheaper than PCP
No optional balloon payment
No depreciation worries
Brand new car
Flexibility to switch
Car lease deals offer you the best way to drive the car you want rather than just the one you can afford outright. And there’s no need to worry about the vehicle losing its value or you having to pay a hefty balloon payment at the end of your contract (as in the case of PCP).
If you're on a budget, check out our list of cheap car lease deals where there's always something to be had. Don't want to put down a large deposit? No problem. Just head over to our no deposit car lease deals.
Car leasing gives you choice and flexibility. There's a wide choice of vehicle ranges to suit various lifestyles, for adventurers and city slickers alike. Whether you want to drive an SUV, a hatchback or a saloon, they're all here at LeaseLoco.
Our authorised and regulated leasing partners offer you unbeatable car lease deals from leading manufacturers like Ford and BMW, and even less well-known ones like BYD and GWM ORA.
Our electric car leasing deals can help you go lean, mean and green. Drive a cutting-edge, brand new EV from leading electric manufacturers like Tesla, or check out more affordable options.
Unsure about EVs, charging times and want to find out more? See our hybrid and electric leasing guides to help you decide.
If you're not driving for business not pleasure, our business car leasing deals will help get your business moving. Business leasing similarly to personal car leasing, except you'll use your company information when applying. When the car leasing contract finishes, you simply hand it back and walk away or take out another car lease deal.
There's various benefits to be had with business car leasing, like being able to claim 50% of the VAT back on your monthly rentals. You’ll enjoy low benefit-in-kind tax rates.
Pick your lease car
Adjust your car lease terms (mileage, deposit, length)
Click 'Get a quote'
Await delivery straight to your door
Drive off into the sunset
We are dedicated to finding you the best car leasing deals for the most affordable price. 96% of our customers found our car lease deals to be the cheapest on the market. Also enjoy road tax, breakdown cover and the full manufacturer's warranty all included.
With a large panel of leasing partners, we're able to secure the most competitive price for your lease vehicle, and our friendly and knowledgeable team are here to help you right from the start.
Car leasing deals generally range from £140 per month to £2,000 per month. This cost largely depends on the make and model of the lease car, the length of your lease agreement, and how many miles you aim to do. Also, take the initial payment into consideration.
If you like getting to drive, for example, 4 new cars instead of owning 1 used/old car over a certain period of time, then leasing is almost certainly worth it. Once you finish your lease agreement, there's no hassle of ownership or selling on. Simply pick up a new car lease and go.
Unfortunately, insurance is not included with your car lease agreement or fixed monthly payments. Fortunately, there are things you can do to lower your premiums, such as tweaking your job title and opting for a higher excess. Road tax, breakdown cover and the full manufacturer's warranty are all included, however.
You usually cannot lease a second-hand car. One of the perks of leasing is that every vehicle is brand new. An increasing amount of leasing providers are offering used car lease deals, but it's still quite rare in the industry, and none of the vehicles currently available on LeaseLoco come as used.
At the end of your car lease agreement, somebody will come to collect and inspect your lease vehicle, and as long as you haven't damaged the car beyond fair wear and tear regulation limits or exceeded the mileage, you'll have nothing more to pay.
If the car is in-stock, we would expect delivery to be 2-4 weeks. For factory orders, delivery can vary significantly depending on manufacturer and model, but what we generally see is a delivery time of 2-4 months. As we are a price comparison site, we would recommend checking specific delivery timescales with our leasing partners, who are the suppliers of the deals, as they will be best placed to confirm this. We've made contacting them super quick and easy by simply clicking the Call icon or 'Get my quote' they will be happy to help.