Car Leasing

We don't always have the cash on hand to buy a new car every three years – that's where car leasing (or Personal Contract Hire - PCH) comes in. Car leasing offers an alternative to purchasing a car up-front or arranging finance. You can adjust the length of the term, your expected annual mileage and the upfront amount you pay (known as the Initial Payment) to find a monthly payment that suits you.

If you have a good idea what your budget is beforehand, you might find you can get a better car than you thought possible. Here, you can run a car leasing comparison and select the best car lease deals on Parkers and get your shiny new car delivered to you nationwide.

There are also regular special offers available on this page, and they're constantly updated, so bookmark this page and keep checking in to see what's on offer.

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ZenAuto Limited is authorised and regulated by the Financial Conduct Authority. ZenAuto Limited's registered office is Number One, Great Exhibition Way, Kirkstall Forge, Leeds LS5 3BF. ZenAuto Limited's company registration number is 10967345. ZenAuto is the trading name of ZenAuto Limited. Terms, conditions and exclusions apply.

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Car leasing Frequently Asked Questions (FAQs)

What is car leasing?

Car leasing is effectively a long-term rental from a finance company for a set period of time. You do not own the car during the period of the leasing contract.

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How does car leasing work?

After an initial deposit, monthly payments are made throughout the contract period. You simply hand the car back at the end as long as the car isn't damaged.

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Is it better to buy or lease a car?

It really depends on your outlook. In the short-term, leasing deals can work out a lot cheaper per month than a PCP or HP deal because you'll never own the car. If you want to keep and own a car, you'll need to use PCP or HP rather than leasing.

How much does it cost to lease a car?

This succumbs to the how long is a piece of string idiom. Cheap cars are cheap to lease, expensive cars are more expensive. Prices typically range from £100-£1500. Expect it to cost between £150-£200 for a Ford Fiesta, and £200-£300 for a Ford Focus. More expensive cars, like an Audi A6, will usually cost between £400-£500.

What is an Initial Payment?

It's the price you pay upfront for a lease. It's not a deposit because you won't get it back. Expect it to be between 5% and 30% the overall lease cost.

What is the cheapest car to lease?

Cheap cars are cheap to lease. Some of the cheapest cars to lease include the Citroen C3, Fiat 500, Dacia Sandero, and Renault Clio.

What cars can I lease?

Nearly every new car can be leased. Because you're not necessarily reliant on a manufacturer, you can lease from a private leasing firm. With a wide range of firms comes a wide range of cars, from Ford to Ferrari. Electric, and hybrid cars are also available to lease.

Is car leasing available with free insurance?

Some leasing companies offer free insurance, depending on the applicant's details, and what type of car. Don't expect to see it on big and expensive cars.

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Should I take maintenance with my car lease?

Lease cars are generally new, so come with a manufacturer-backed warranty. Should anything go wrong that falls within this warranty, it's the manufacturer's responsibility to fix it. Maintenance includes things like servicing and replacing tyres. It's worthwhile checking how much these things would cost at your local dealer and checking it against the leasing company's quote.

What if I exceed my contracted mileage?

The more miles the vehicle has done, the less it's worth - and the monthly payment is directly related to what mileage you've arranged to do. If you end up exceeding your agreed annual mileage, you will need to pay an excess charge at the end of the contract.

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Should I lease a car?

If you like the idea of having a new car every few years, paying some money at the start, and then just adding the monthly costs to your outgoings, yes. If you want to own a car and keep it for a long time, probably not.

Car leasing with bad credit

How popular is car leasing in the UK?

An increasing number of people are choosing to lease rather than buy a new car and the growth in popularity has been impressive in the past 10 years. Latest figures suggest that around 1.6 million vehicles are currently leased in the UK.