Used Car Business Lease Deals
A used car business lease lets your company drive a pre-owned car for a fixed monthly payment, then hand it back at the end of the agreement. It is available to limited companies, sole traders and partnerships, subject to status.
The car has already done the steepest part of its depreciation, so monthly payments on a used business lease can be lower than on the same model new. You also avoid tying up cash in a car you would have to sell later. Our used business car leasing deals below are priced per month excluding VAT.
Search Used Business Car Lease Deals
Search our used business car lease deals below. Prices are shown per month excluding VAT, and you can filter by make, fuel type, contract length, annual mileage and budget.
How Does a Used Car Business Lease Work?
A used car business lease works in the same way as a new car lease. You pay an initial rental, followed by a fixed monthly payment for the length of the contract. When the contract ends, you hand the car back.
Before you sign, you choose three things: the contract length (12 to 48 months on our current used deals), the annual mileage and the size of the initial rental. These set your monthly price. If you go over the agreed mileage, an excess mileage charge applies, so it is worth choosing a mileage that fits how your business uses the car.
Some deals can include a maintenance package, which covers routine servicing for a fixed monthly cost. Our team can tell you which deals this is available on. New to leasing? Our guide to how leasing works explains the basics in more detail.
Leasing a Used Car vs a New Car for Your Business
Leasing a used car for your business as opposed to a new car allows you to drive a premium model with better technology, without the high costs. Being a pre-owned vehicle, the depreciation of the car has already been considered, and in turn leasing a used car offers a lower monthly payment. Win-win!
What Are the Benefits of Used Business Car Leasing?
The main benefit of used business car leasing is a lower monthly cost for a good-quality car, without buying it outright.
Lower monthly payments. A used car has already lost much of its value, which usually keeps the monthly price down.
Fixed, predictable costs. Your monthly payment is fixed for the whole contract, which makes budgeting simpler.
No large outlay. You pay an initial rental instead of the full price of the car, so more cash stays in the business.
No resale to worry about. You hand the car back at the end, so you don't take the risk on what it is worth.
Possible tax advantages. VAT-registered businesses can usually reclaim some of the VAT on lease rentals, and rentals can often be offset against taxable profits. The rules depend on your business, so check with your accountant.
What Used Cars Can I Lease for My Business?
You can lease a wide range of recent used cars for your business, from small hatchbacks for local journeys to estates and saloons for long-distance driving. Our current deals include makes such as Audi, BMW, Hyundai, Kia, Mercedes-Benz, SEAT, Tesla, Volkswagen and Volvo, with petrol, diesel, hybrid, plug-in hybrid and electric options.
Most cars in our current used deals were first registered between 2022 and 2024. Electric cars are a popular choice for company car drivers, because they have lower benefit-in-kind (BIK) rates than most petrol and diesel cars. BIK is worked out on the car's original list price and CO2 emissions, not its age, so check the figures with your accountant. For a brand-new electric car instead, see our new EV lease deals.
If you are leasing for yourself rather than a business, see our personal used car leasing deals.
How Do I Lease a Used Car for My Business?
You can lease a used car for your business in five steps:
Choose a car from the deals above, or Get in touch and tell us what your business needs.
Agree the contract length, annual mileage and initial rental with our team.
Apply for finance. All leases are subject to status and a credit check. You may be asked for company details, recent accounts or bank statements, and directors of a limited company may be asked for a personal guarantee.
Sign your agreement online.
Agree a delivery date and pay the initial rental.
You can read more about each step in our guide to the leasing process.
Frequently Asked Questions
Yes. Limited companies, sole traders and partnerships can take out a used car business lease, subject to status. You pay an initial rental and then a fixed monthly payment, and hand the car back at the end. Our current used business deals run from 12 to 48 months.
Yes. A limited company can lease a used car in the company name, subject to status and a credit check. You will usually be asked for company details and recent accounts or bank statements. Directors may be asked for a personal guarantee, particularly if the company has a short trading history.
Yes, but ending a business car lease early usually means paying an early termination charge. The amount depends on your agreement and how many payments are left, and it can be a large share of the remaining rentals. Check the terms before you sign, and talk to our team if your plans change.
A business lease is taken out in the name of a business, and prices are shown excluding VAT. A personal lease is in your own name, and prices include VAT. VAT-registered businesses can usually reclaim some of the VAT on rentals, which individuals cannot. The car, mileage and contract options are often the same.
Yes. Sole traders can lease a used car as a business, subject to status and a credit check. As there is no separate company, the agreement is linked to you, and you may be asked for proof of income such as tax returns or bank statements. If you use the car privately too, only the business share of costs is usually allowable.
Usually, yes. Lease rentals on a business car can often be offset against taxable profits, although part may be disallowed for cars with CO2 emissions above 50g/km. VAT-registered businesses can usually reclaim 50% of the VAT on rentals if the car is also used privately. The rules depend on your business, so check with your accountant.