The complete guide to leasing a car.
Car leasing – it sounds a bit strange and stressful, but we can promise you it’s not. It’s actually a bit boring when you start to understand the basics behind it. We get asked a lot of questions about the leasing process and everything that comes along with it, so we’ve put together this handy guide that covers just about everything you will ever want to know about vehicle leasing.
Are you considering a lease car?
Here's what you need to know before you start -
- What is car leasing?
- What are the upfront costs for leasing a vehicle?
- What is included in a lease deal?
- How long will it take to get my lease vehicle?
- Do I need to pay for servicing, tyres, and other maintenance?
- Are my monthly lease payments subject to change?
- Do I have to pay interest on my monthly payments?
- Can I lease a car for somebody else?
- Will I need to MOT my lease car?
- How much is a lease deal at Motorlet?
- How can I get the cheapest car lease deals?
- How is my lease deal calculated?
- How is my lease deal calculated?
- How can I get the cheapest lease deals?
- What happens when my lease car is ready to be delivered?
- How long will my lease car take to arrive?
What is car leasing?
Car is leasing allows you to enjoy a vehicle for a fixed length of time, before handing it back at the end of the lease period. It’s very much like renting – you pay a monthly fee to lease your car and give it back at the end of your contract. At this point, payments end, and you can pick out a new lease car to start again.
What are the upfront costs for leasing a vehicle?
Once you’ve chosen one of our lease vehicles, you’ll decide on the amount you want to pay upfront. This is known as the initial rental fee. This initial payment will be deducted from your overall lease balance. The more you pay upfront, the less you have to pay monthly. There’s no set amount for this – it’s entirely up to you.
What is included in a lease deal?
When you decide to lease a car through Motorlet, we will make the experience as smooth as possible by taking care of all the extras. We’ll provide free UK mainland delivery to an address of your choice – whether this is your home or work address, or anywhere else that suits you. We’ll also include road tax for the entire lease period, so you don’t need to worry about the extra bill. As well, you’ll get an official manufacturer’s warranty for three years, so you’ll never have to stress over the costs of fixing your lease car. You’ll also get breakdown cover for your first year.
How long will it take to get my lease vehicle?
This is entirely dependent on the lease vehicle you decide to go for. Some vehicles are ready for pre-order now, some can take a bit longer and some options are available much quicker. This is especially so if you go for a vehicle that’s already in stock – these can take between 2-4 weeks. You can get in touch with our team to find out more about delivery times.
Do I need to pay for servicing, tyres, and other maintenance?
You will need to upkeep your lease car and ensure that services, tyres, and general maintenance are taken care of. It might help to add a maintenance pack to your lease contract, so you don’t need to cover these fees yourself. A maintenance pack will add a small, extra fee to your monthly payments but will ensure all of the maintenance costs are take care of.
Are my monthly lease car payments subject to change?
From start to finish, your monthly payments on your lease car will be fixed. They’ll be no surprise changes in price, and you’ll never have to pay any more than what’s on your contract.
Do I have to pay interest on my monthly lease car payments?
Definitely not! Lease payments will never have any APR added on. They are completely interest free.
Can I lease a car for somebody else?
If you’re feeling really generous, you can lease a car for your spouse or a partner living at the same address. You can also lease a car for a child, of 21-years-old and under, living at the same address. Sadly, you can’t lease a car for a friend or somebody who has previously been declined.
Will I need to MOT my lease car?
Not for three years – as long as the car is brand-new. Shiny new cars don’t require an MOT for three years after purchase. You’ll also receive a full manufacturer warranty to cover any issues in the meantime.
The time it will take for your lease car to be delivered will depend on many factors. The semiconductor shortage has seen our lead times increase dramatically, so some models will take over 12 months to arrive. We do still have stock models that will be ready to go much sooner, and we regularly post on our Instagram (@motorletuk) about cancelled orders that can be received within a week! It’s always best to chat about your options with our team, and we can help you find something that suits your needs.
Once your lease car is ready, we’ll contact you to arrange a delivery date. We’ll deliver your lease car for free, to any UK mainland address of your choice, and we’re also able to have somebody else sign for the car if you grant us permission. Your car will go through a pre-delivery inspection before it’s delivered to you, but you’ll need to give it a look over before you sign for it. If you do spot anything that you’re not happy with you’ll need to let us, and the delivery driver know. We’ll then get in touch with the dealership and aim to solve the issue as quickly as possible.
If you don’t fancy having your car driven down, you can pay to have it transported. Get in touch with us about this and we can give you a quote. We are also able to let you collect the car on some occasions, but this isn’t always possible as some cars are supplied directly from the manufacturer and won’t pass through a dealership.
How much is a car lease deal at motorlet?
This, of course, depends on the vehicle you’re deciding to lease. Once we know which vehicle this will be, we’ll consider your annual mileage, how long you want to keep the car and how much you want to pay upfront. This will help us build a tailored quote that can be personalised to suit you. We have a whole range of brilliant lease deals, here at Motorlet, but we also have special offers on a regular basis. Keep your eye on this page to grab your lease deal for the best price.
Our lease deals are completely personalised to your needs, so we’ll build a lease deal based on your requirements. Once you’ve picked out your dream lease car, we’ll consider your annual mileage, the length of your contract, and your initial payment. This will allow us to accurately work out your monthly payments, and make adjustments so you get the perfect lease terms.
Your initial rental will greatly influence the monthly costs of your lease deal. This is the first payment you make on your lease car and will be based on one of two payment options. You can choose to put down a cash payment (usually this will be a round number like £1000) or you can base your initial rental on a payment profile. Payment profiles are usually our more popular option - you can find all the details here.
To get the cheapest car lease deals, you have to be committed to finding that bargain. We always have special offers on our site, so you can visit back regularly to see what discounts we have available. Our discounted lease cars are often shockingly good, so they shoot out the door super quick. If you see a special offer that you like the look of, it’s important to act fast. We can never guarantee how long these deals will last – you don’t want to miss out!
Still got questions? Get in touch! You can use our online chat feature, drop us an email or give us a call. We’re always happy to chat.