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Leasing is a long-term rental agreement whereby you can use a vehicle for the agreed duration of the agreement for a fixed agreed monthly rental. Leasing has become extremely popular as this method is often cheaper than buying a new vehicle via dealer finance. In addition, you lease the vehicle for the duration needed without taking the risk of the asset depreciating. This would be the funders risk giving you peace of mind. With over 1.6 million lease cars on the road today it sure is becoming more popular than ever.

What is this initial rental?

You can choose to pay an initial rental of either 1,3,6,9 rentals upfront. This making the monthly rentals lower each month. It is all about your budget. 
Lower rental example - Mr Smith chooses a 36 month agreement. 9 rentals upfront. Monthly rentals equal to £145 
Higher rental example - Mrs Smith chooses a 36 month agreement. 1 rental upfront. Monthly rentals equal to £180 

Some manufacturers tend to be cheaper on a longer agreements, some are lower on a shorter agreements.

Choose your vehicle 
Choose your term 
Credit check 
Pay admin fee 
Vehicle delivered 
Enjoy your vehicle
Either exchange into a new lease vehicle or we arrange for straight collection. The cycle then starts again

We have summarised a few key points for you to consider when making the choice if Leasing is right for you?

Advantages of Leasing

  • Leasing is often cheaper than Hire Purchase (HP) as it is a non-ownership product. 
  • You can drive a new car every 2 to 5 years. 
  • Additional value with road tax included. (Breakdown/MOT often included). 
  • Fixed cost motoring - no hidden surprises. 
  • There’s no depreciation risks. 
  • Lower deposits as opposed to buying a vehicle. 
  • There’s no selling concerns at the end, simply hand back the vehicle and walk away. 
  • Peace of mind available with maintenance packages.

Disadvantages of Leasing

  • You never own the vehicle 
  • Vehicle handed back at the end of the agreement

Advantages of Buying

  • Once repayments are made the vehicle belongs to you. 
  • No restriction of mileage.

Disadvantages of Buying

  • Depreciation of vehicle 
  • Higher upfront costs 
  • Risks associated of buying a new car 
  • Risk of unexpected repairs 
  • Annual road tax 
  • Hassle of sale of vehicle

Ready2Lease are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 935713


Registered in England & Wales with company number : 12912829 | Data Protection No : ZA806093

Registered Office : 119 Cardinals Walk, Leicester, LE5 1LN

Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.


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