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 Free Leasing and Contract Hire Quotes

Why get just one price for a vehicle from a leasing dealer, when we lets you compare several quotes from various suppliers, often much cheaper than advertised prices? Our system is quick, intuitive and FREE!

Whether you're looking for a formidable 4x4 or a posh people carrier, you could be driving away your dream car for less than you think...

 Introduction to Car Leasing

The phrase “car leasing” is a very generic term; it covers the various methods for financing vehicles i.e. personal contract purchase (PCP), short-term contract hire, finance leasing, personal contract, hire purchase/lease purchase and contract hire.

The general public are sceptical when it comes to car leasing in the UK. The reason for this is simply down to lack of knowledge and understanding. Car Leasing is mistaken as a finance option only of benefit for companies. This judgement is wrong and can be highly suitable to an individual with certain requirements. It is very important that the individual knows exactly what type of lease they are agreeing to and what it entails.

 Car Leasing Explained

Car Leasing is a legal agreement between the car leasing company (usually chosen by the dealer) and the customer. Car leasing companies buy and own the car that customer has chosen. The customer hires the car from the car leasing company by paying the agreed monthly instalments over a period of time.

It's a fact that many people now leasing are overpaying because they didn't know how to get a good deal — or how to recognize a bad deal. Other people who could greatly benefit from leasing are shying away because they are not comfortable with the leasing process and its unfamiliar language.

What Costs are Involved with Car Leasing?

At the beginning of the car lease

You may have to pay your first monthly instalment upfront. You may have to pay a refundable deposit. Other fees may include administration costs, licenses, and registration and acquisition fees.

In the middle of the car lease

The monthly instalments. Additional taxes. Insurance premiums. Maintenance costs. In addition, an early termination charge may be payable if you want to end the lease early.

At the end of the car lease

A disposition fee if you don’t buy the vehicle, and any charges for excess miles and excess wear/tear.

The Benefits of Vehicle Leasing?

There are a number of different finance options to choose from when it comes to leasing/contracting a car. Therefore the benefits differ from finance option to finance option. Some finance options would bring greater benefits to a business rather than an individual due to the nature of the arrangement. This also works in reverse with certain options benefiting the individual lessee rather than the business.

Lower Monthly Payments Than a Loan

Your monthly payments are between 30%-60% lower than for a purchase loan of the same term. The interest is also fixed on your lease payments so you can allocate finance in knowledge that it will not increase/decrease, the lease repayments are also set for the majority of finance options.

Lower Repayments Means More Car

Since your monthly payments are lower when leasing or contracting a car, you will be able to get more car for your money, and you will be able to drive a brand new vehicle every two to four years, depending on the term length of your lease contract.

Dissolve Maintenance Worries

Most people like to lease for a term length that coincides with the length, in months, of the manufacturer's warranty coverage so that if something major goes wrong with their car, it's always covered by the manufacturer warranty.

Lower Upfront Payment

Most leases require little or hardly no down payment, which makes getting into a new car more affordable and frees up your cash for other things. However, you can choose to make a down payment to lower your monthly payment amount.

No Used-Car Hassles

With leasing, the headaches of selling a used car are eliminated. When your lease ends, you simply take it back to the leasing company and walk away, unless you decide you want to buy it or to trade it.

Lease / Contract Types

Business Contract Hire
Lease a business car for an agreed period of time (usually between 24 to 48 months). Pay an agreed fixed monthly instalment and the predicted depreciation of the vehicle plus interest.

Personal Contract Hire
Lease a car for personal use for an agreed period of time (usually between 24 to 48 months). Pay an agreed fixed monthly instalment and the predicted depreciation of the vehicle plus interest.

Finance Lease
A lease covering only the finance element of the vehicle. The customer pays back the entire capital cost of the vehicle plus charges over a period of time, or they may agree to a balloon payment to reduce the monthly instalments.

Short Term Contract Hire
Use of a vehicle for a fixed short period of time (usually from 2 to 24 months) with a predetermined mileage at a fixed monthly cost without owning the vehicle and having the hassle involved in running and maintaining the vehicle.

Personal Contract Purchase
Personal contract purchase (PCP) is similar to contract hire where an individual can lease a vehicle (subject to status) for a fixed monthly payment usually from 12-48 months with a low initial payment with a fixed mileage over an agreed period.

Commercial Contract Hire
Lease a commercial vehicle for an agreed period of time (usually between 24 to 48 months). Pay an agreed fixed monthly instalment and the predicted depreciation of the vehicle plus interest.

Car Manufacturers - Leasing

Car Leasing and Contract Hire