Car leasing in a few easy, simple steps

Originally starting over in America, car leasing has now become incredibly popular, with a whopping amount of people now choosing to lease and finance their cars instead of buying them.

This is due to the huge range of flexible options available such as 0 car finance, bad credit finance, and the fact that leasing a car can be much cheaper than buying one. Read on for the steps you need to take for leasing a car.

car leasing stepsBy having a look at this quick and simple few steps to car leasing, you can see if leasing a car might be the best choice for you.

What is leasing?

Car leasing lets you choose your ideal car, and then pay set monthly instalments until the end of your lease period. Lease periods can be anywhere between 24 to 60 months, depending on how long you want the car. At the end of your lease, you can either pay a lump sum and keep the car, or exchange it for another car.

Different plans

There are loads of different leasing and maintenance plans to choose from, depending on which one suits you. These include plans such as PCP (personal contract purchase), HP (Hire Purchase) and Finance Lease. Essentially, the difference between these plans is that some of them will let you keep the car at the end of your lease (after paying a balloon payment) and some will require you to hand the car back in at the end of your lease. There are also additional options for business and personal leases too.

The process

The car leasing process is incredibly simple, and can be done online or on the phone. An account manager will take some key details off you, and after checking your credit history, will help you find your dream car. Once everything has been signed, you can pick your car up from the showroom or get it delivered straight to your door.

Choose a car

There are thousands of cars to choose from, whether you’re looking for a small city vehicle or a prestige sports car. There’s a car to suit every budget, so you’re guaranteed to find something that suits you.


When it comes to putting down a deposit, car leasing is very flexible. If you have the money and want to pay a deposit, you can make your monthly payments smaller in the process. However you can still lease a car without paying a deposit.


Whatever your credit history may be, you can still lease a car. There are people dedicated to helping people with bad credit get car finance, so your credit history won’t be an issue. There is also something called an accommodation loan available, where you can put the car in a close family member’s name, but make the payments from your own bank account.

End of term

At the end of your lease term, there are a number of options available for you:

  • You can hand the car back and arrange a new car.
  • You can finance any outstanding payments and keep the car.
  • You can pay the final payment in one lump sum and keep the car or sell it privately.

As you can see, car leasing and finance are some great options if you’re looking to drive away in your perfect car, without breaking the bank. There’s a car and a deal to suit everyone, so if you’re looking for a change of vehicle, make sure you definitely consider leasing.

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