How leasing works

A lease is essentially a long-term rental agreement, offering exclusive use of a car for a set period at a fixed monthly price.

As a business, this is the most cost efficient method of funding the vehicles as it takes advantage of the tax and vat regulations to reduce the whole life running cost of your vehicles and is supported by the buying power of the finance company, to assist in reducing the cost even further.

The greatest cost of running any new car is depreciation, and many new cars will lose more than half their initial value after the first three years of ownership.

Leasing explained

Leasing a car lets you avoid any unexpected costs by offering a fixed monthly payment for the term of the lease.

Unlike dealer finance or bank loans you only pay for the depreciation of the vehicle over the term rather than the full capital value.

Rather than pay large deposits you simply pay a small initial amount, usually equivalent to three monthly payments, at the start of the lease.

Then, at the end of the lease period (typically two or three years), you simply hand the car back. The job of selling the car and picking up the tab for depreciation is the responsibility of the lease company.

Ei1 Xchange Limited T/A www.ukautolease.com is authorised and regulated by the Financial Conduct Authority Registered No FRN 802167

Members of the Leasing Broker Federation. reg no 265 Company Reg Number 9288416 in England & Wales. and VAT reg No 302837520

Ei 1xchange Limited T/A www.ukautolease.com also comply with all aspects of the Data Protection Act (DPA), 

We are registered with the Information Commissioner's Office with a registration number ZA327731.

Company Reg Number 9288416 in England & Wales

VAT reg No 302837520

Copyright © 2020 www.ukautolease.com, All rights reserved.

Powered by CALAS