Leasing is worth it for a lot of people because it gives you a brand-new car with low upfront costs and fixed monthly payments. There’s no worrying about depreciation, selling the car later, or unexpected bills — you simply enjoy the drive and hand the vehicle back at the end of your agreement.

Leasing is a great option if you like having a new car every few years, want the latest technology and safety features, and prefer a predictable monthly budget. It’s a simple, cost-effective way to drive the car you really want without the long-term commitment of ownership.

Yes, leasing can be a very good plan depending on your lifestyle and priorities. It gives you the ability to drive a new car regularly, benefit from the latest technology and safety features, and avoid long-term commitments tied to ownership.

Leasing is a smart plan if you want:

• A new car without tying up capital

• Lower monthly payments

• A vehicle that’s always under warranty

• The option to change cars frequently

• A simple, stress-free process

However, if you drive very high mileage or prefer to own a vehicle outright, buying may suit you better. The key is choosing what matches your budget, mileage, and long-term goals.

Leasing is a brilliant choice for many drivers, but it’s important to understand the limitations too. Here are three things to be aware of:

1. You don’t own the car

Your monthly payments cover the use of the vehicle, not ownership. At the end of the agreement, the car goes back.

2. Mileage limits apply

Every lease includes a mileage allowance. If you go over this, you’ll pay an excess mileage fee. We always help customers choose the right allowance, so this isn’t a problem.

3. Fair wear and tear rules

Because the car goes back at the end, it needs to be returned in good condition. Any damage outside of fair wear and tear may result in charges, but we guide you through this so you know exactly what to expect.

The 1.25% rule is a simple guideline used to check whether a lease represents good value. It suggests that a competitive lease deal should cost around 1.25% (or less) of the vehicle’s on-the-road price per month.

Example:
If a car costs £40,000 new:

• 1.25% of £40,000 = £500

• A lease around £500 per month would generally be considered strong value.

It’s not a strict rule, but it’s a useful quick calculation to help compare deals and understand if a lease is priced competitively.

Yes, you can put a personalised number plate on a leased car — it just needs to be approved by the funder first.

Here’s how it works:

1. You request permission from your finance provider.

2. Once approved, the plate is assigned to the vehicle by the DVLA.

3. At the end of the lease, the plate must be removed and placed back on retention.

4. The car then returns to its original registration before collection.

There may be a small administration fee for adding or removing the plate, depending on the funder. We’re happy to help you with the whole process to make it simple and stress-free.

The initial rental is the first payment you make on a lease agreement. It is not a deposit — it’s simply the first month’s rental, multiplied by your chosen amount (e.g. 1, 3, 6, 9 or 12 months).

For example:

• A £300 monthly rental with a 6-month initial rental = £1,800 upfront.

Choosing a higher initial rental reduces your monthly payments, while choosing a lower one increases them. The total cost over the full contract stays broadly similar — it just changes how your payments are spread.

There is no deposit to “get back” at the end of the lease because the initial rental is part of the agreement, not a refundable sum.