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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.
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 support teams:
See what our customers have to say about Xcite Car Leasing!
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, VGL 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.