Cheap Car Leasing Deals | Under £200 - Select Car Leasing
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Cheap Car Leasing Deals Under £200

Browse from a wide range of excellent cheap car leasing deals to suit all types of people, with our extensive selection of the latest leasing offers. Choose from hundreds of the latest models from all the leading manufacturers, from city cars right through to SUVs. All lease cars listed below are available to lease for £200 per month or less.

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These affordable lease deals give you access to state-of-the-art electrified powertrains from manufacturers who have pioneered the technology, while efficient petrol-hybrid engines can help you to save money at the fuel pumps.

All of the cheap lease deals below could help you get the most out of your household budget.

Meanwhile our Select Car Leasing cheap lease deals don’t just cover entry-level models, as you can choose from a host of different trim levels to suit your needs.

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How cheap is it to lease a car?

Leasing can be an affordable way to drive a brand new, ultra-modern vehicle that comes with sophisticated driver assistance and safety systems, as well as a wealth of interior creature comforts.

And you can tailor your monthly lease fee to suit your budget.

Having a small annual mileage allocation, as well as longer contract length, is a good way to reduce your monthly bill. You can also make a larger ‘initial payment’ in order to bring-down the cost of your regular monthly payments.

When you select a lease deal that you’re interested in, you can adjust the values in the ‘Motoring on your terms’ section to find the configuration that works for you.

How affordable is it to lease a car?

Select Car Leasing is proud to offer some of the cheapest lease deals on the market.

And if affordability is high on your list of priorities, rest assured that when you lease a car you also enjoy a host of other financial benefits.

Your road tax is paid for the duration of your contract and you also get free breakdown cover throughout your lease, too.

Unlike buying a cheap car second-hand, lease customers are protected by a manufacturer’s warranty.

And you can also protect yourself from expensive bills and unforeseen costs by taking-out an affordable, optional ‘Maintenance’ package, which covers the cost of servicing, maintenance, and the replacement of worn tyres.

Cheap Car Leasing FAQs

One of the big attractions of car leasing is that it puts you behind the wheel of a brand-new, reliable car in return for an affordable monthly fee that’s fixed for the duration of your contract. You could compare it to owning a property. You might not be able to afford to buy your own house, but you could afford to rent, or lease, one. And that’s how car leasing works, too.

Buying and owning a car outright can be expensive, with the average UK price for a regular, small hatchback standing at more than £20,000. That’s a large sum of money for most households. And when you buy, your cash is tied-up in the vehicle as an investment, which stops you using that money for other projects, such as home improvements. When you own a car, as opposed to leasing one, you also have to suffer the cost of vehicle depreciation - where the difference between what you bought the car for, and the price at which you’re able to sell it on, is often being poles apart.

With a cheap car leasing deal, you choose your new vehicle, set your annual mileage and length of contract, pay an affordable monthly leasing fee, and then simply hand back the car at the end of the agreement.

Because the cars we lease are brand new, you’re automatically covered by the manufacturer’s warranty, which guards you against expensive repair bills. Breakdown cover and road tax is also included in every Select Car Leasing cheap deal. You can also choose an optional, and affordable, ‘Maintenance’ package, which covers the cost of servicing, tyre replacement and routine maintenance for a fixed monthly fee.

You don’t need to pay a deposit with a car lease deal. Instead, you pay what’s known as an ‘initial payment’. It’s not a fee that you’ll get back at the end of the agreement, but it works to reduce the monthly cost of your lease. What’s also great is that you can alter the size of your initial payment to suit your personal needs.

Whenever you lease a car, you’re subject to a credit check - which is a requirement of the Financial Conduct Authority (FCA). But because Select Car Leasing liaises with a panel of lenders, it’s often possible for customers with a sub-optimum credit history to enjoy a cheap car lease deal. If you have a poor credit history, you’ll need to prove beyond doubt that you can realistically afford your monthly leasing payments for the duration of your contract. You might also be encouraged to increase the size of your initial payment to reduce the potential risk for the lender.

To understand your options fully, talk to one of our specialist consultants on 0118 920 5130.

First of all, you’ll need to choose the size of your initial payment and find your perfect, affordable monthly leasing fee. You can also choose an optional ‘Maintenance’ package, too. But you’re automatically covered for breakdowns, your road tax is paid, and you’re protected by a manufacturer’s warranty. The only additional cost not covered by a cheap car leasing deal is fully comprehensive car insurance, which you’ll need to arrange yourself.

There’s a huge selection of cheap vehicles to lease, all for under £200 per month. There’s a host of compact family hatchbacks, including the brilliant SEAT Ibiza, Suzuki Swift and Mazda 2. There’s also larger cars to enjoy with your affordable lease, including the MG ZS, Skoda Kamiq and Dacia Duster SUV.

There are a number of ways to reduce the cost of your monthly leasing fees. And as a general rule of thumb, the longer your contact duration is, and the lower your annual mileage, the more affordable the monthly fee will be. You can also reduce the monthly leasing fee by making a larger ‘initial payment’. You can adjust those parameters by clicking on a deal and then using the ‘Motoring on your terms’ tabs on the right hand side of the page.