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Car Leasing is quickly becoming the fastest-growing market in the UK as it allows you to get your hands on the latest makes and models of cars without having to pay for the whole vehicle upfront, and at a better deal than you get when buying or finance purchasing a new car.
A lease agreement has a set length and monthly cost that you agree to when signing your finance contracts. With a lease you can choose the vehicle you would like to lease and add any factory options you would like for an additional cost.
Leasing is a product available for both businesses and personal users, so you can take advantage of leasing a brand new on a great deal whether you're a huge business or just looking for a new family car.
If its your first time looking at car leasing, you should check out our leasing guides, they are packed with helpful information about the quickest growing market in the UK or you can look at our FAQs page.
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It couldn't be easier to lease a car with us, we have a simple 4 step process that you will be guided on by both our website and our friendly sales and customer services team:
A car or van lease is a long-term agreement that allows you to use the vehicle for a set period of time at a fixed agreed monthly price. Leasing is often a cheaper funding solution than buying a new car or van with a bank loan or dealer finance.
When you purchase a car outright you pay a flat rate price and it is then yours to keep. Over time the value of the vehicle will depreciate so if you decide to update your car in a few years you will lose money from the price you originally paid. With leasing, you pay a monthly cost for a set period of time and at the end of the lease, you can then choose to then lease a new vehicle without having to worry about your current vehicle’s value. If you own the car you can make any legal modifications that you want to, but with leasing, you will need to hand the car back in the same condition you received it. If you want to make any changes, for example adding a badge or livery to the vehicle, you would need to check with your funder that you can do this.
Lease agreements are usually calculated over a set term between two and four years. The offers are usually advertised with a rental profile which shows the initial payment and then the following monthly rentals. For example, a 3+23 is a two-year lease with an initial payment that is equivalent to 3 of the subsequent monthly rental payments.
A lease agreement has a set length and monthly cost that you agree to when signing your finance contracts. With a lease you can choose the vehicle you would like to lease and add any factory options you would like for an additional cost.
This is different to renting a vehicle, as when you rent a car you have little choice on what you are driving. With renting a car you will also not be contracted to a fixed term but will pay a premium price because of this.
Xcite Car Leasing is a broker, so your lease agreement will not be with us but with the lease funder. We work with a number of funders to be able to provide you with the very best deals.
Our funders include; Alphabet, ALD, Arval, Leasys, LeasePlan, Lex, Mobilize Financial Services (RCI), Novuna, Santander and Wessex Fleet. We also work with manufacturer finance such as Volvo Finance.
There are no hidden charges.
We will explain all our terms and conditions to you in the order pack (ATO) that we ask you to sign when placing the order. If you have any questions before signing this then you can call us to discuss them.
The finance contracts you will sign with the funder will also explain all the necessary information for you. If you have any further questions about these then you can always ask us, if we are not able to answer your query we will ask the funder for you.
Meet the expert team behind Xcite Car Leasing.
Or contact our friendly team now and get tailored advice on which car is right for you and why. We'd love to help!
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We can supply all different shapes and sizes of vehicles, so if you're looking for a particular body style, just click on one below to see some of the latest leasing deals on that style.
When you lease a car or a van you are agreeing to a cost that is fixed for a period of time that allows for better money management, additionally with a lease, you are only paying for the difference between the purchase price and the residual value of the vehicle (Value at the end of the contract) this makes the payments lower than a purchase.
With leasing, gone are the days that you need to remember to tax your car as this cost is included within your lease agreement. However, be aware that if the government does decide to make changes to vehicle taxation and this happens to affect your vehicle, the finance provider will add this to their monthly debit and of course will let you know. But this is still far more convenient than the older ways.
One of the best and biggest advantages of leasing a car over renting a car is that you can choose anything you want. If you want a stock vehicle you may need to settle for what is available but you can still choose your preferred make, model, and derivative but if you are okay with waiting for a fresh factory order you can tailor your lease car just the same as if you were buying brand new. You can choose the colour on the inside as well as the outside, additional options like leather, heated seats, and even ambient lighting in some cars.
Now we can't help if you accidentally damage the car, but having a lease car does mean that you avoid most of the traditional costs of owning a car, we've already mentioned that the road tax is included but in addition to this, regularly updating your vehicle to the latest model means you get less of the costs that an older car would get. Plus, you can choose to take out maintenance with your vehicle which will include Tyres, Services, and even an MOT for vehicles older than three years old.
The biggest benefit of leasing is that most contracts last between 24 to 48 months, and at this stage, you look to get your next vehicle, which means that you tend to always have a new car that sits within the manufacturer's warranty (normally up to 3 years) which can give you complete peace of mind as new vehicles get far fewer problems than vehicles outside of warranties.
Check out one of our helpful guides or our explaination of leasing to get all your questions answered.
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