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17th Feb 2019 - Take a look around our website for the latest contract hire and leasing offers, we also offer Short Term Car Leasing
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How does Car Leasing Work

How Does Car Leasing Work?

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.

More information on leasing a car...

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.

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Posted on 30th July 2018 at 3:05 PM

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