Leasing a car or van is a cost effective way of paying monthly for the use of a vehicle. You essentially long-term rent a brand new vehicle for between 2 and 5 years and then simply hand the car back at the end of the term. Leasing is also another name for Business or Personal Contract Hire (BCH or PCH) which is the formal name for the contract type.
There are many benefits of leasing your next vehicle. Here are our top 9 benefits of leasing!
There are always epic leasing deals available. View our special offers here.
No increases in the monthly payments at any point in the contract.
Your vehicle will either be driven or transported straight to you.
Both your leasing funder and ourselves are always just a phone call away.
You can pay a set monthly cost to that covers all servicing, tyres etc. so there aren’t any unexpected costs throughout the contract.
As you don’t own the vehicle your money is not losing value month on month.
Safety in new vehicles is always evolving with new technology so a new car will have more safety features than a used car protecting your loved ones more.
Brand new cars haven’t got any history and haven’t been used before you, the first owner, and if something does go wrong with the vehicle the warranty is typically 3 or more years.
There are some tax benefits of leasing a vehicle especially with electric vehicles with lower BIK tax (Benefit In Kind tax) and the ability to claim back some of the tax element on your lease.
Firstly, you find a vehicle which may work for you, whether it be a car or a van, we then tailor that deal to suit you allowing you to choose your initial rental (typically 1, 3, 6, 9, or 12 monthly payments upfront), annual mileage, term of the contract along with any necessities or optional extra you may want or desire. You then complete our online finance application and we submit this to the funder we have picked to get you the best deal. Upon credit acceptance of your credit application we send your a vehicle order form to confirm everything is correct with the vehicle, once this is signed we will then order the vehicle on your behalf. All that's left to do then is some finance documents which our customer support team will talk you through if you have any questions and we keep you in the loop every step of the way right up until your brand new vehicle is delivery straight to your door.
Leasing from a broker like us certainly has its advantages. We have access to all makes, all models and a panel of leasing funders. Dealers tend to specialise in one or a few different manufactures and be tied to their manufacturers funding partner. As we have a panel of lenders we can ensure that we are getting the best deal for you.
So why us? We are one of the most established and popular car leasing brokers in the UK and we're here to keep you in lane on every step of your leasing journey from the very start with our simple order process right up until the end of your lease.
Leasing is very similar to renting however, leasing is usually over a longer term than renting. Leasing is typically between 2 and 5 years but renting tends to be less than 12 months. When renting you will not have to declare the mileage you expect to do in the vehicle, although there may be a maximum miles, the cost doesn’t reflect in pricing brackets like with leasing. With leasing you must decide how many miles you are likely to do before the lease is delivered and live. This is with the small exception of the few funders who allow amendments of mileage in the first 6 months.
We’ve entailed the differences between leasing and PCP along with benefits of each here.
This is a decision that only you can make however the average and the term that we think is the sweet spot for a leasing contract is 3 years or 36 months as it might often be referred to.
The information on this page should not be taken as financial advise and should only be perceived as a guide.