Frequently asked questions

We get asked many questions about car leasing, such as what’s the advantages to leasing a car?, and the negatives?, so we have put our frequently asked questions about all things leasing in one place. If you have any other questions, please contact us on our livechat below.

Question: What are 4 major disadvantages to leasing a car?

Answer: 1) You can’t buy the car, so no ownership. 2) To lower the monthly payments, you will need a larger initial payment. 3) You can’t modify the car. 4) You can’t sell the car.

Question: How do car lease deals work?

Answer: All our leasing deals are from our panel of funding partners. We also have ‘batch’ deals with some dealers exclusive to us. Search for the car you are looking for, this can be done my make and model or budget.

Once you have selected your chosen car lease deal, simple select which terms you would like, i.e. 2, 3 or 4 years, and the mileage. The lease rental will be displayed. If you would wanted to proceed, please complete the online enquiry form and a member of the team will make contact and will go through your requirements.

We can tell you delivery times, make sure the car leasing deal is right for you and can guide you through the application process.

Once we have the credit acceptance from our finance partner, our customer care team will email the finance documents and arrange delivery.

If the car is a factory order, our customer care team will update you every week.  

Once delivery has been booked, the driver will call you 20 minutes before delivery. You account manager will also call you after delivery to make sure you are happy.

We will constantly be in contact every few months to make sure all is going well, and nearer the time of your car going back, we can arrange for a new car lease deal.

All in all, it’s very easy and stress free to deal with us, it’s one of the main reasons we have many positive reviews on Google, 5 stars in fact. Take a look.

Question: What are 4 major advantages to leasing a car?

Answer: 1) Fixed rental. 2) No depreciation costs. 3) New car every 2 to 4 years. 4) Low BIK on electric cars

Question: What is a good monthly payment for a car lease?

Answer: What we tend to see currently is the shorter the term for the lease, the higher the residual value, meaning lower month costs. This is dependent on make and model of course. We also find most customers prefer to put a lower monthly payment as their initial payment, to keep finances in check, especially with the cost-of-living crisis.

Question: Who is the best car lease company?

Answer: We’re not biased as we partner with the best funding partners in the business, LeasePlan, ALD, Novuna, Santander, Alphabet, Arval, Lex Autolease and RCI Financial Services. All of which have special offers which we can advertise.

Question: What are the negatives about car leasing?

Answer: You will not own the vehicle at the end of the contract.

Question: Is it a good idea to lease a car?

Answer: If you want fixed monthly payments, a new car every 2 to 4 years, then leasing is for you. Take a look at some of the offers.

Question: What is the most economical way to lease a car?

Answer: Choose a lower mileage per year, shorter term and include maintenance.

Question: What is the point in car leasing?

Answer: For a low monthly payment you are driving a brand-new car or van with no depreciation.

Question: Is it better to lease a car for 24 or 36 months?

Answer: All depends on the residual value of the car, the higher the residual value, the lower the monthly payment. This being said, some customers prefer the longer term so they are not changing frequently.

Question: How much does it cost to lease a Tesla?

Answer: We are partnered with Tesla to give the best car lease deals. The cost is dependent on how long you would like the lease over, the mileage and initial payment. We are seeing some rentals at £399 + VAT for the latest Model Y, so we always have special offers on Tesla. Click here to see our latest offers, click here 

Question: Why should you lease a Tesla?

Answer: We are seeing a massive influx on car leasing orders for Tesla. This is due to a few factors, one is the supercharging network. This network consists of superchargers up and down the UK, which you can charge your Tesla in 20 minutes, or a quick top up in 5 to 10 minutes.

Another reason the availability. Stock is plentiful so you can get a new Tesla lease and be in the car within 2 to 3 weeks.

Lastly, business lease has benefits of a low benefit in kind (BiK) which currently (January 2023) it’s 2% company car tax on all electric cars, making Tesla with it’s fast charging, quick delivery times and great offers the car to have.

Question: Can I lease a Tesla in the UK?

Answer: Yes you can and you can take delivery within 3 weeks! The team here at Silverstone Leasing can provide both Model 3, and Model Y. Prices start from as little as £373 per month ex vat for business lease and we can also offer personal leasing as well.

Question: Can I lease a Tesla for 1 year?

Answer: You can lease a Tesla for 24 months to 60 months. We do offer 18 months lease as well, but we do find 3 years is the most popular term.

Question: Can you leave a Tesla parked for a month when I go away on holiday?

Answer: Yes. Expect to see a reduce on the mileage of 2 to 5 miles.  

Question: Is it financially smart to lease a car?

Answer: Yes, we think so. You have a fixed payment plan.

Question: Is better to lease a car for 24 or 36 months?

Answer: Now this is down to you. The pro’s with a 24 month lease, you can change your car every 2 years, the con’s, if you have put down an initial payment, you will have to do this again for the 2 year term, so that’s why most customer prefer 36 month lease. But once again, this is down to the customer and we can tailor all quotes.  

To see all our latest offers, click here