How Leasing Works & The Benefits

Car Leasing vs Buying

There are many practical reasons to leasing a car than buying. Features include:

  • Fixed, lower monthly rentals
  • Lower initial rental
  • Inclusive road tax and breakdown recovery
  • Variable contract duration and mileage terms
  • Optional maintenance package to spread the cost of servicing

The Order Process

1. Your vehicle is ordered with one of our supplying dealers.
2. You will receive an email confirming when your vehicle is expected to arrive with our supplying dealer.
3. Finance documents are emailed to you by our administration team.
4. You will be required to sign and return the finance documents via post.
5. An email will be sent to you to confirm receipt of your signed documents.
6. Once your vehicle is with our supplier, we will be in touch to arrange a convenient time for delivery.
7. Upon delivery you will be required to sign a vehicle acceptance note.

What is leasing? / Leasing explained

Leasing is a long-term rental agreement offering the exclusive use of a car or van for a set period of time at a fixed monthly price. It offers an alternative, and often cheaper, funding solution to buying a new car or van with a bank loan or dealer finance.

Car leasing helps you avoid any unexpected costs by offering a fixed monthly rental for the term of the lease. The customer also doesn’t have to worry about depreciation or selling the car as this job falls to the lease company.

How Leasing Works

At the start of a leasing contract, the customer pays an initial rental usually equivalent to three monthly rentals.

The customer then makes monthly rentals for the duration of the contract term. At the end of the lease contract (typically two, three years or four years), the customer simply hands the car back without any further obligations, or may choose to purchase the vehicle depending on the type of contract taken.

If there is any end of contract repair work required or you have exceeded your agreed mileage charges will apply.

With a leasing contract, you also have the opportunity to drive a new car every two, three or four years and all of the vehicles include the standard manufacturer’s warranty.

Types of Lease Contracts

There are a number of different types of lease contracts available to cater to your business or personal requirements. To find out more about the different types of leasing options, simply follow the links below.

  • Contract Hire
  • Personal Contract Hire
  • Finance Lease
  • Lease Purchase
  • Contract Purchase
  • Personal Contract Purchase

Have any questions about leasing? call New Car Leasing on 0845 258 1750 or use our contact form.