Leasing a car is effectively a long term car rental, you choose the duration and you pay a fixed monthly fee to use the car over the period of time and will have a maximum mileage restriction.
You'll need to pass a credit check to obtain an agreement and many providers will want a satisfactory to excellent credit rating.
The underwriters may ask for various proofs such as your driving licence, passport, bank statements and/or Utility Bills. These must be dated within the last 3 months to be accepted.
To terminate a Contract Hire or Lease before the end date can prove costly, yo can't just walk away from a deal or hand the car back early without paying termination costs. These can be as much as 100% of the outstanding rentals. You may want to look at alternatives such as Short Term Car Leasing or Car Subscriptions, which we have written about in our previous blog posts.
You must keep up the repayments as the lease does count as a credit agreement, should you miss a payment or pay one late, it will effect your credit rating.
We've been leasing cars since 2007, having delivered thousands to customers up and down the UK. Should you need help with your next car, our team of experts are here to help on 0800 802 1940 or complete the form below.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer. All offers maybe withdrawn at anytime and without notice. E and O E
T: 0800 802 1940
F: 01332 292306
Cocoon Vehicles Ltd
The Old Co-Operative
36 Holbrook Road
Cocoon Vehicles Ltd are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 711074
Registered in England & Wales with company number : 06113683 | Data Protection No : Z1350323 | VAT No : GB 907 7553 04
Registered Office : The Old Co-Operative, 36 Holbrook Road, Belper, Derbyshire, England, DE56 1PA
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