The Leasing Process: How to Lease a Car?
If you are looking for a new motor and have heard about the savings you can make on higher trim models when not going down the traditional path of car financing, then you are in the right place, as this article is all about how to lease a car.
Many drivers are turning to car leasing for their next vehicle as they benefit from a lower initial payment, reduced monthly instalments, minimal maintenance costs, no MOT until the car is over three years old, no depreciation concerns, access to higher end models and flexible short terms that give them the option of switching for another vehicle if they haven’t fallen in love with this one.
How does leasing a car work?
Car leasing is an alternative to car finance that offers consumers the opportunity to get behind the wheel of recent models with all the latest features from all the top brands for a fraction of the price. You simply pay an agreed fixed monthly amount for the duration of the lease term.
Visit Gateway2Lease and explore our wide range of available cars , including petrol, diesel, PHEV (plug-in hybrid electric vehicles) and fully electric varieties, choose the mileage and agreement length that suits you, and when you reach the end of the leasing term, simply return the car.
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What's the difference between leasing and PCP?
Leasing a car and PCP (personal contact purchase) are both financing options for vehicles but differ in structure and end-of-term options.
1. PCP
With PCP you pay lower monthly payments compared to traditional financing and have the option to purchase the car at the end of the term by paying a balloon payment, trading it in for a new PCP deal or simply returning it.
2. Car Leasing
With car leasing, also known as Personal Contract Hire (PCH), you simply pay an agreed monthly amount that covers the vehicle depreciation and lease fees over a set term and return the vehicle once the agreement period expires.
Here at Gateway2Lease, we specialise in personal and business contract hire.
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Benefits of personal car lease
Predictable, manageable payments
Experience financial peace of mind and the freedom to enjoy the latest vehicles without the uncertainties of ownership.
Hassle-free proces
From placing your car order to delivery, our team is dedicated to ensuring a stress-free process every step of the way.
Flexible
Tailor the term, annual mileage allowance, and initial payment to perfectly match your requirements.
How leasing works with Gateway2Lease
1. Choose your vehicle, mileage, contract type and initial rental
Need help? Our knowledgeable sales team are on hand to answer any questions that you may have with regards to vehicles, contract types, mileage and initial rentals. Give them a call on 01299 407 360.
2. Receive a confirmed, written quotation from G2L
Happy with your quotation and wish to proceed to the next stage? A credit proposal form will be provided to the finance company to perform a credit check on either you personally or your business.
3. Order and confirmation
Once approved, you will sign a vehicle order form, which will further confirm your vehicle details, options and approximate lead time. The signed order form will be sent across to the dealership to either secure your chosen stock vehicle or initiate your factory order.
You will receive your finance documentation pack by email from a member of our customer service team. It will contain a schedule for payment, a direct debit mandate and a full set of terms and conditions. The original, signed documents will be returned to us by post.
The customer service team will provide you with a registration number as soon as it is available. They will also offer you a delivery date when your vehicle is ready, which will be provided by the supplying dealership.
Your new vehicle will arrive directly from the dealership and a professional representative will be on hand to answer any questions. A vehicle acceptance note will be signed to confirm receipt and satisfaction.
Gateway2Lease will remain just a telephone call away for the full duration of your contract should you require anything at all.
Personal Car Leasing
Personal contract hire, or personal vehicle lease, is a rental agreement that allows individuals to select the length of term they want and annual mileage that aligns with their driving habits. This type of agreement helps drivers plan their budget for the entirety of the contract and removes unnecessary spending on features or benefits they won’t utilise.
Business Car Leasing
We offer two distinct business leasing products at Gateway2Lease, a Business Contract Hire and a Business Finance Lease. The main difference being, with a finance lease deal, you have the option to purchase the vehicle at the end of the term, whereas a contract hire arrangement is purely a rental for the agreed duration.
Electric Car Leasing
Electric car leasing is the planet-first, cost-effective approach to get behind the wheel of a high-end vehicle whilst reducing your carbon footprint. Electric vehicles typically cost less to run and can be charged overnight at home for convenience. There are also often government and tax incentives available for drivers of electric vehicles..