Cheap Car Lease Deals

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.