CAR LEASING FAQs

Here you can find answers to the most frequently asked questions about leasing a car.

Q. Why should I lease a car?

Leasing means you can drive a brand new car every 2 to 5 years, plus you enjoy fixed price motoring as costs won't change during the period of the lease. You also don't need to worry about depreciation or selling the car in the future.

Q. What are the requirements needed to qualify?

You must be over the age of 18, a resident of the UK for a minimum of 3 years and be on the electoral roll. If you are applying for a lease for your business then you will need to have at least one UK-based director or proprietor.

Q. How long are the leases?

The length of a lease varies to suit your needs and ranges from 2 years to 5 years.

Q. Is there warranty on a leased vehicle?

All vehicles come with a full UK manufacturer's warranty.

Q. Are maintenance costs included?

A maintenance contract is optional and covers all routine servicing and repairs due to wear and tear. We tend to recommend maintenance contracts on business leases where the driver is likely to exceed 10,000 miles per annum.

Q. Is car insurance provided with the lease?

You are responsible for taking out your own fully comprehensive insurance.

Q. Is road tax included?

Yes, we include road tax in all our lease contracts.

Q. Who supplies the cars you lease?

All our cars are supplied through official franchised dealerships.

Q. How much deposit will I pay?

For business users it's a minimum of one month's rental, and for personal leases, we take the equivalent of three months' rent. You can make a larger initial payment which will reduce your monthly payments.

Q. Do I need to collect my car or will it be delivered?

Delivery is free on all vehicles anywhere in the UK and we will deliver right to your door or business depending on the contract you have chosen.

Q. Can I increase my mileage allowance?

Your mileage allowance is agreed from the outset but it can be amended if there is a change to your circumstances. This will usually mean altering the monthly payments.

Q. What happens if I exceed the agreed mileage?

If you exceed your mileage allowance then you will receive an "Excess Mileage Charge" for each mile that you go over the amount stated in your contract.

Q. Where do I go if the vehicle needs a service or repair?

We recommend you use your local main dealer for your make of car, or take the vehicle to any reputable garage.

Q. Is roadside assistance included?

In the event of a breakdown you are in safe hands as all vehicles are supplied with roadside assistance.

Q. Am I able to terminate the lease early?

Ending a lease early is possible but in doing so you may have to pay an Early Termination Fee.

Q. What happens at the end the lease?

There are various options and these depend on the type of contract, but you can usually ask to extend or hand the vehicle back and start a new lease. When you return your vehicle, it will be assessed for "fair wear and tear". This means an acceptable amount of deterioration based on normal usage. Any damage needing repair will incur a charge.

Q. Can I buy the vehicle at the end of the contract?

You may be able to purchase the vehicle from the finance company at the end of the agreement depending on what contract you are on. The price will be based on the estimated residual value of the vehicle.

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Please call us on 01483 891010

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01483 891010

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Car Leasing and Next Vehicles is a trading style of Car Leasing Limited and the firm is authorised and regulated by the Financial Conduct Authority FRN 654390. Car Leasing are a credit broker not a lender. VAT Registration No 745244042. ICO Registration Z746467X. Company Number 4017957. Car Leasing Ltd are a long standing member of the British Vehicle Rental and Leasing Association No 1504. Registered address: Astra House, The Common, Cranleigh, Surrey, GU5 0HS

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