What Is Car Leasing?

Car leasing essentially means you ‘rent’ a brand-new vehicle, making fixed monthly payments for a set period of time and an agreed mileage. When your contract ends, you return the car.

Leasing a car is an incredibly popular choice for personal and business customers, as it’s a cost-effective way of driving a new car or fleet every few years.

If you have never leased a car before and want to find out about the process, read on to learn everything you need to know.

How does leasing a car work?

At Leasing Options, we follow six simple steps that make it easy for our customers to lease a car.

Step 1: Find your future car

We make it easy for our customers to browse our website and choose a car. You can set the parameters for the search by:

  • Budget
  • Manufacturer
  • Model
  • Body type
  • Special offers
  • Detailed search, e.g. fuel type
  • In-stock vehicles

You’ll get a full list of cars to choose from, and we have a dedicated team that ensures you get the best possible price. You can start your search here or keep reading to learn the next steps.

Step 2: Get a quote

Once you’ve identified the car you want to drive for the next few years, you need to decide on some important details that will help us put together a quote for you. This includes choosing the:

  • Length of the contract
  • Maximum mileage for the duration of the lease
  • Extras you want to add on, such as factory options, specifications or a maintenance and insurance package.

This can be done quickly and easily on our website, or by contacting one of our expert Account Managers who can guide you through the process on the phone, while answering any questions you may have.

Step 3: Apply for finance

As with most finance options, you will be required to pass a credit check. This is to ensure you can pay for the monthly instalments for the full duration of the contract.

Once you have completed the finance proposal form, we then send it to one of our globally-recognised financial partners who will take a look at your credit history and make a final decision. We are fortunate enough to have access to the largest number of finance options in the marketplace to assist in funding your next vehicle.

Step 4: Place the order

If you have successfully passed the credit check it is now time to finalise the deal and to get things ready for you to receive your new car.

A dedicated Account Manager will put together your order details, which will contain all the contract particulars, along with information about the car you have selected.

Your Account Manager will check through the order carefully; we also encourage all customers to do the same before accepting it. After this, the order is complete.

Step 5: Sign the finance documents

With the order for your car now completed, the penultimate step involves signing the financial documents. Where possible, your Account Manager will send these to you via email so they can be reviewed. Once signed, we process the contract.

There will be a two-week cooling off period that gives you time to decide that you are happy with the finance agreement, before the car is physically delivered to your chosen address.

Step 6: Delivery

Now all of the paperwork is out of the way, and it is now simply just a case of waiting for your brand-new car to arrive.

During the ordering process we will be able to advise on how long your delivery will take. If the car is in stock, this means it can usually be delivered within a couple of weeks. Vehicles that aren’t in stock can take a little longer to deliver, depending if they are in shipping or at the factory.

We will ensure to keep you in the loop regarding delivery dates, so you know when to expect it and the date to start your insurance cover from.

What’s included in a car lease?

When you agree to lease a car with Leasing Options, not only do you get to drive a brand-new car, but the following is also included at no extra cost:

  • Free UK mainland delivery to your door 
  • Road tax
  • UK Manufacturer’s Warranty
  • 12 Month Breakdown Assistance
  • Part exchange 

Can I trade-in my existing car?

With Leasing Options, you can trade-in your existing car when you take up a lease deal. See more about our part-exchange service to see how easy it can be to get more money towards your new car.

This is a simple process that helps you to secure a fair price for your existing car that you can then use as the initial payment on your new one. All we need is your registration and contact details to give you an instant valuation.

If you like the look of the offer, you can accept it there and then, and one of our part exchange partners will get in touch to discuss the next steps.

Collection will be free, and if it makes things easier for you, we can even collect your old car on the same day your new car is delivered.

The payment will also be transferred to your bank account the same day as the collection, so it’ll be with you ahead of the initial payment (which will be 7-14 days after you take delivery of your new car).