Welcome to Leaseline. We are a family owned and run business with over 30 years’ experience. We strive to find the markets best car and van leasing offers and bring them to you.
We advertise “honest rates” which means no unreasonable low mileages or huge first payment, and whilst we can nearly always match the rates in the market that are based on those terms, most customers do a lot more than 5,000 miles a year and don’t really want to put down 12 months rentals as the first payment.
Therefore, we believe our website gives you proper prices, and no “from” prices, and most definitely no fees that will not be returned if you choose to cancel.
We believe in treating all our customers just the way we would like to be treated ourselves and with a wealth of experience in the industry we’re able to offer the best prices, along with the best service, just
car leasing made simple.
What is car leasing?
FREE HANDBOOK TO CAR LEASING
Leasing a car is an arrangement where you can hire a vehicle for a specified period and pre-decided mileage by paying a monthly instalment (rental) to the leasing company who owns the car.
It provides you with hassle-free motoring for a fixed monthly fee, on a brand-new vehicle that's delivered to your door. The road tax is sent to you on each anniversary of the car lease, free of charge, and at the end of the lease you hand the car back with no balloon payment or need to onward sell, which is why it's a very cost-effective way to have a new vehicle.
If you’re on the hunt for a new car, it can be hard to know which of the various options is best for you. Leasing or buying—which is better?
Isn’t it always better to be an owner? The answer, according to oil baron Paul Getty, is:
All cars depreciate (new cars more than used), so if you are doing a cost comparison you really need to take into account the cost of finance, depreciation, maintenance, tax, costs to onward-sell the vehicle, etc, against a fixed monthly fee in leasing. When leasing you are just paying for the use of the vehicle through the first phase of the car’s life.
If you’ve got the cash, you could always buy a new car outright, and if you intend to keep the vehicle for 5 years or longer, then leasing may not be the best option for you. But don’t forget; if you are doing a like-for-like cost comparison on a new car, once the car is 3 years old, the maintenance costs rise steeply.
The main reason leasing is cheaper than buying is that the manufacturer gives very large discounts to car-leasing providers and brokers like Leaseline. In many cases, the cars returned to the manufacturer dealer become good used car stock for their forecourts. The value stays in the car throughout the lease, which makes a good profit centre for the next part of the car’s journey.
Buying cars on finance means you can own the model you want by making a series of monthly repayments, but since car leasing has cheaper monthly payments, you can opt for the same car for a lot less, or even the next model up for your budget.
There are two main types of car leasing referred to as Business Contract Hire (BCH) and Personal Contract Hire (PCH) Personal Contract Hire is always displayed including VAT, as opposed to Business Contract Hire which is always displayed without VAT. Business users still have to pay VAT, but some can reclaim part or all of the VAT. This kind of long-term rental plan gives you an opportunity to drive the model you want without ever actually owning it.
• Lower monthly payments compared with buying. • Minimal hassle, with the opportunity to drive away without thinking about reselling or warranties. • You are always driving around in the latest model vehicle.
• You won’t be able to buy the car once your plan ends. • Comprehensive car insurance isn’t covered by your contract, so you’ll need to arrange this separately. • A rough mileage estimate will need to be agreed at the start, and you may have to pay extra if you surpass this limit. • If you want to own the car at the end, car finance deals are the more affordable path to take. As with private car leasing, you’ll be required to make a number of monthly payments over a pre-agreed period, but with a finance deal you’ll have the chance to buy the car outright once your full term is complete.
A hire purchase agreement involves an initial deposit, followed by a series of monthly payments, through which you pay off the total value of the car in question. After your repayment period comes to an end, you officially own the vehicle.
There are some cons of going down the Hire Purchase route. Since you’re paying off the total value of the vehicle, monthly repayments will likely be higher than the alternatives. In addition, unless your car finance agreement has been settled, you won’t be in a position to sell the car on Personal Contract Purchase (PCP). PCP car finance is similar in ways to a Hire Purchase agreement; it consists of an initial up-front payment, followed by a period of fixed monthly instalments. In this way, you’re paying off the car’s depreciation rather than its total value. With PCP car deals, your car’s Guaranteed Future Value (GFV) is roughly calculated, meaning that you’re paying off the difference between its current and future value. These car finance deals generally mean lower monthly repayments – but there’s a trade-off, in that you’ll need to make one final balloon payment at the end in order to own the car outright. Alternatively, you can choose not to pay this and simply return the vehicle.
Whether you’re on the hunt for the best car leasing deals or prefer the sound of PCP car finance, the key is to find an agreement that suits your circumstances. From monthly repayments to opportunities for car ownership, there are a number of factors to consider before making your decision. It all depends on what you’re looking for in the long term. For access to the best car finance deals, contact Leaseline The Vehicle Leasing Specialists team. Our experts are fully versed in the finer details of each option and can help you make an informed decision today, with applications usually approved in 60 minutes or less.
Leasing a car is nothing more than a method of paying for the use of a car or van over a specified period of time. It may sound like daily rental, but don't get the two confused because they are very different. While you can hire a car for as little as a day, or even a few hours, leasing typically starts at 24 months and doesn't provide for easy termination or vehicle swapping. Leasing a car is a form of vehicle financing, but hiring is not.
The broker works out the terms of the leasing agreement with you on behalf of the car lease company. For this service, the leasing company usually pays him a commission. Once the contract is approved and signed, your relationship is with the leasing company, not the broker, but we enter into an agent agreement with the leasing company and will assist you in many issues you may have throughout the contract term.
Leasing companies used by brokers can be subsidiaries of the car manufacturer (called "captive" leasing companies), such as Business Partner for Ford or VW Financial Services for Volkswagen. However, brokers can also offer leases from large banks and other lending institutions with whom they've worked out business relationships.
Many years ago it was possible for consumers to bypass brokers and independently arrange car leases with banks and leasing companies. Since the financial "crash" of 2008–2009, it has become almost impossible to do so. Nearly all leases are arranged through car leasing brokers.
First, you decide on the car you want and contact the broker. The broker will calculate your monthly payment based on the negotiated price and other non-negotiable factors (such as finance rate) that are provided by the lease company. You may lower your monthly payment by making a larger first payment if you choose. Your payment will also be subject to VAT.
At the time you sign your car lease contract, you will be required to pay your first month's payment, as well as any VAT. Some leases may require an up-front security deposit that goes towards your first payment if the vehicle has to be ordered.
Signing a car lease contract means that you agree to make regular monthly payments, maintain your vehicle, keep appropriate car insurance, and pay any speeding or parking fines. Further, you agree that you'll keep the car for a specified number of months — typically 24, 36, or 48 months — and you're expected to keep the car to the end of the contract term.
When you lease a car, you are responsible for all maintenance, service and insurance, just as you would be if you owned the car, unless you take a car lease including these optional items.
At the end of a lease you're expected to return your vehicle to the car leasing company with no more than normal wear and tear. You'll have to pay for any damage or extra mileage over and above your contract-specified limits. This is regulated by our industries BVRLA
You have the option to replace the vehicle with a brand new one, in some cases you can purchase your vehicle usually at a price between trade and retail, Otherwise, you can simply return the vehicle to the leasing company and walk away.
Making the best decision about what to do with your vehicle at lease-end — returning it to the leasing company, buying it, or extending your lease — requires that you look at each option carefully and evaluate.
For anyone thinking about leasing a car, it's very important to understand what leasing is (and what it is not) and how it works. If you have any questions, no matter how small, just give us a call at Leaseline.
Leaseline provides a fast, friendly and professional service. FAQ
We only deal with major finance companies and ensure there are no hidden extras, GUARANTEED
We have over 35 years’ experience within this Industry.
We will guarantee the best car lease deals.
All manufacturer and finance discounts are passed on to you generating cheap car lease deals.
We started our company as a business car leasing brokerage offering the most suitable vehicle leasing solutions in the market, tailored for businesses, ensuring only the most competitve deals were offered, Private individuals can now also take advantage of these fleet discounts on Personal Car Leasing (PCH).
We deal with customers from a wide spectrum, from private individuals, to sole traders, small businesses and companies with large fleets. So if you are looking for the best car lease deals, finance lease deals or straight hire purchase deals, give us a try. We will save you money! We are also one of the UK’s largest courtesy car leasing brokers for UK car body shops and motor trade suppliers. We, supply body shop loan vehicles to crash repairers in large volumes, which also helps in obtaining higher fleet discounts from manufactures. These can also be used for Business and Personal users.
We can offer free help and advice on many other finance products such as Finance Lease, Purchase and Lease Back, Straight Lease Purchase, Contract Purchase and Personal Contract Purchase.
