Business & Personal Car Leasing Deals

If you want to drive a new car whilst also benefiting from added incentives such as your road tax included as standard, then leasing is the cost-efficient and stress-free option to choose.

With our huge choice of car lease deals, we have you covered for whatever make and model you want.

You don’t have to worry about your price increasing throughout your contract as we offer from fixed monthly payments.

The vehicle is purchased by the finance company who estimates a value of the vehicle at the end of the term and then breaks down this price into monthly payments which tend to much lower than that of a loan.

Car leasing is a process that allows you to drive a vehicle without owning it. Instead of purchasing a car outright, you enter into an agreement with one of Britannia Car Leasing’s finance companies. Here is how it typically works:

Lease Agreement: You start by signing a lease agreement that outlines the terms and conditions of the lease. This includes the duration of the lease (typically 2-4 years), the monthly payment amount, the mileage limit.

Upfront Costs: In most cases, you will be required to make an upfront payment, known as the initial rental, at the beginning of the lease. The exact initial rental can vary depending on the leasing company and the terms of the lease. With our offers, you can customise the initial rental to tweak the monthly payments.

Monthly Payments: Throughout the lease term, you make regular monthly payments to the finance company. These payments cover the depreciation of the vehicle's value during the lease period, as well as any additional charges, such as interest and fees. The monthly payment amount is determined based on factors like the car's price, its residual value (the estimated value at the end of the lease), and the lease term.

Mileage Restrictions: Our lease agreements include a mileage limit, typically stated as an annual mileage allowance. If you exceed this limit, you may incur additional charges for each mile over the limit. It is important to estimate your expected annual mileage accurately to avoid unexpected costs.

Vehicle Use and Maintenance: As the lessee, you are responsible for maintaining and repairing the leased vehicle. This includes regular maintenance, such as oil changes and servicing. You will also need to keep the vehicle in good condition and return it at the end of the lease term in a condition that meets the predetermined standards for wear and tear. We will provide you with a no-obligation funder-maintained quote, covering you for all your maintenance requirements for a fixed monthly fee.

End of Lease Options: Towards the end of your lease agreement, our team will be in touch to assist you. There are several options available, these include simply handing the car back or extending the agreement (subject to availability). We have a dedicated renewals team who will be on hand throughout the contract to ensure there are no surprises at the end of the contract.

Leasing a car offers several advantages that may make it an attractive option for certain individuals. Here's an FAQ answer outlining the advantages of car leasing:

Lower Monthly Payments: One of the primary advantages of leasing a car is that monthly lease payments are typically lower compared to financing a purchase. Since you're essentially paying for the vehicle's depreciation over the lease term rather than its full value, the monthly payments can be more affordable, allowing you to drive a newer or more expensive car for a lower cost.

Access to Newer Vehicles: Leasing provides an opportunity to drive a new car with the latest features and technology. Lease terms generally range from 2 to 4 years, so you can enjoy the benefits of driving a new vehicle without the long-term commitment or the need to sell or trade-in a car once it becomes older or outdated.

Manufacturer Warranty: Since lease terms are relatively short, vehicles are typically covered by the manufacturer's warranty throughout the lease agreement, giving you peace of mind during the contract.

Flexible Options: Leasing allows flexibility when it comes to vehicle choices. You can select from various makes and models, and tailor the lease term and mileage limit to suit your specific needs and preferences. This flexibility can be particularly beneficial if you enjoy driving different cars frequently.

Flexible Initial Requirements: Lease agreements often require a lower upfront payment compared to purchasing a car. While there may still be initial costs such as a the initial rental, the overall costs  can make leasing more accessible for individuals who prefer to conserve their upfront cash or use it for other purposes.

Leasing a car is a popular alternative to buying one, as it allows you to enjoy the benefits of driving a new vehicle without the long-term commitment of ownership. To determine if you are eligible to lease a car, several factors come into play. Here are some common considerations:

Age: In most cases, you need to be at least 18 years old to lease a car. It's important to check with the specific leasing company you plan to work with.

Valid Driver's License: A valid driver's license is a must-have when leasing a car. Ensure that your driver's license is current and not suspended or revoked.

Credit History: Leasing a car typically involves a credit check. Lenders want to assess your creditworthiness to determine the terms and conditions of the lease. A good credit history generally increases your chances of being approved for a lease. If you have limited or no credit history, it might be more challenging to lease a car, but some of our lenders offer options for individuals with less-than-perfect credit.

Income and Employment: Leasing companies often require proof of steady income and employment to ensure you can meet the monthly lease payments. This may involve providing bank statements, or other financial documents.

Residency: You need to be a resident of the country or region where you plan to lease the car. Our funders tend to require proof of residency.

It is worth noting that these eligibility criteria can vary depending on the leasing company, the type of car you want to lease, and the specific terms of the lease agreement. It is always a good idea to reach out to leasing companies directly or consult with a car dealership to get accurate information about your eligibility to lease a car based on your individual circumstances.

If you think that driving a new vehicle every 2 to 3 years at an affordable, fixed monthly cost, whilst also avoiding unexpected MOTs and unforeseen bills sounds like a good idea, then leasing could be the best option for you.

You can lease a new car today and never have to worry about the monthly payments going up making this a perfect option for people on a budget.

However, even though the car is in your possession the entire time of your contract you never actually own it which can been seen as a positive or a negative.

If you are thinking about leasing a car for the first time and whether it’s right for you then please feel free to contact us to discuss any of your queries.