Questions to ask before leasing a car
Leasing a car is becoming increasingly popular, with one obvious reason being the lower monthly payments when compared to purchasing. Paying a smaller monthly fee not only means more money in your pocket but it can also mean you can get a better car than you could with a traditional loan.
Buying a new car is a big decision and a very exciting one, however before jumping straight in we’d recommend making sure it’s the right decision for you and that you’re choosing the right dealer. We’ve put together a few questions we think will help you make the right choice for your next car.
What do I need to lease a car?
To lease a car, you need to be over the age of 18, be a resident of the UK for a minimum of 5 years & be on the electoral roll. You will also need a full driving license.
Do I need good credit to lease a car?
While we would recommend customers have a good credit score, but it’s not essential. We will not immediately reject applications that have a bad credit score and they will still be considered. Other credit conditions would apply such as a CCJ which would affect your credit score.
Are there any special lease deals on?
At Car Leasing, we strive to offer the best possible prices on all our lease deals. However, we regularly add special offers to make your lease deal even better. Keep your eye on our Special Offers page or enquire over the phone.
Can I change the monthly payments?
Yes! You can increase the amount you pay as a deposit or alter the number of years on the lease to help reduce the monthly payments.
Do I need to buy insurance on my leased car?
Yes. You are responsible for taking out your own fully comprehensive insurance. We offer car leasing with insurance, to see if you qualify click here.
How long does my lease last?
We offer leases that last between 24 months and 60 months.
When will my payments start?
The deposit will be charged on the day your contract is agreed, it is possible there could be a slight delay of a couple of days. The date your payments come out can be agreed with our finance company. Your monthly payments are important, please ensure when your monthly payments you have sufficient funds when they are due.
What happens if I go over my millage?
We charge a small “Excess Mileage Charge” for each mile that you go over the amount stated in your contract. This can be anywhere between 3.0 pence and 25.0 pence per mile.
What happens at the end of my lease?
There are multiple options to choose from depending on your contract type. At the end of your lease you can extend the lease, hand the car back and start a new lease, or in some cases you can buy the car at the end of your contract.