Frequently Asked Leasing & Contract Hire Questions

Q. What is car leasing?

A. Quite simply, car leasing is like a rental agreement. You choose a vehicle for a set period of time (usually two to three years), pay a fixed monthly amount and return the vehicle at the end of the agreement.

Q. I've always bought my cars, why should I lease instead?

A. There are plenty of benefits to leasing a vehicle including, value for money, hassle-free driving and peace of mind. Here are some of the main benefits:

  1. Drive a brand new car with the most up to date technology and safety features at an affordable price.
  2. More choice and better quality cars. People often find they can afford a better car when they lease than if they purchased a brand new vehicle.
  3. Keep your savings. Rather than pay a large deposit up front you simply pay a small initial amount, usually the equivalent to three monthly payments at the start of the lease.
  4. With fixed monthly payments, road tax included and a manufacturer's warranty there are no unexpected costs.
  5. The greatest cost of running any new car is depreciation. Many new cars lose more than half their initial value after the first three years of ownership.
  6. Absolutely no hassle at the end of your lease period. Simply hand the car back to the leasing company without the worry of having to sell your vehicle.

Q. What's the difference between leasing and Personal Contract Hire (PCH)?

A. There is no difference. Personal leasing is sometimes referred to as 'personal contract hire' or PCH. This is simply a hire contract for individuals rather than a business. Personal leasing is a fixed contract where customers pay an agreed monthly amount over a period of time, typically two-three years. When the contract ends you return the vehicle to the car leasing company.

Q. What are the benefits of leasing?

A. There are plenty of benefits to leasing a vehicle including, value for money, hassle-free driving and peace of mind. Here are some of the main benefits:

  1. Drive a brand new car with the most up to date technology and safety features at an affordable price
  2. More choice and better quality cars. People often find they can afford a better car when they lease than if they purchased a brand new vehicle.
  3. Keep your savings. Rather than pay a large deposit up front you simply pay a small initial amount, usually the equivalent to three monthly payments at the start of the lease.
  4. With fixed monthly payments, road tax included and a manufacturer's warranty there are no unexpected costs.
  5. The greatest cost of running any new car is depreciation. Many new cars lose more than half their initial value after the first three years of ownership.
  6. Absolutely no hassle at the end of your lease period. Simply hand the car back to the leasing company without the worry of having to sell your vehicle.

Q. How popular is leasing in the UK?

A. The ease of car leasing has made it increasingly popular in recent years, with over £1.6 million people now personally leasing a car in the UK.

Q. Do you offer every car on the market?

A. That's right, we lease all leading makes and models with a wide range of specifications to choose from.

Q. What is the leasing process?

A. The Interlease seven point process is a step by step guide for a seamless customer experience.

  1. Choose your vehicle
  2. Establish a credit line
  3. Confirm the details
  4. Place your order
  5. Sign your lease agreement
  6. Cooling off period
  7. Delivery of your vehicle
A more detailed version of our leasing process can be found here

Q. How do I know what annual mileage I'll need for the contract?

A. It is important to be as accurate as possible with your projected annual mileage. This will help to avoid any excess charges at the end of your lease. You may already have an idea of your average annual mileage. If not, there are two simple ways to check. If you bought your car brand new, check your current mileage reading and divide it by the total amount of years you've had the car. Alternatively, you could check your previous vehicle maintenance and service records. Your MOT certificate should detail this.

Q. Can I lease a car if I've only just passed my driving test?

A. If you're over the age of 18 then yes, you are eligible to apply for a lease car. You will need to sign a finance agreement, hold a full UK driving licence and successfully pass a credit check.

Q. Will I need to show any ID documents?

A. Depending on your credit score you will need to provide some ID documents to process your contract. Most likely this will include proof of residency, proof of income or benefits and a proof of identity like a driving licence or passport.

Q. What are the shortest and longest leases that you offer?

A. Interlease contracts usually range between 24 months through to 60 months. We also offer short term rental agreements if you require a car for a shorter period of time. This can be between three and 24 months.

Q. How quickly will my car be delivered?

A. This depends on the type of vehicle you've chosen. Stock vehicles can be delivered as fast as 10-14 days. These have already been built and are available for quick delivery.

Q. How are your prices so low?

A. Interlease has strong relationships with manufacturers and dealerships all over the UK. This means we receive some of the best vehicle discount terms for our customers.

Q. What is covered in the maintenance package?

A. During your contract discussions you will have the option of adding a maintenance contract. This will also be a fixed monthly cost. It covers all scheduled servicing and MOTs (if required) plus replacement or repair of tyres, batteries, wipers, bulbs and other perishable items as a result of Fair Wear and Tear.

Q. How much money can I borrow?

A. This will depend on your credit score, the deposit amount you'd like to put down and your ability to afford the monthly payments. If you are unsure please get in touch with one of our leasing specialists.

Q. Who provides the finance for the car?

A. We work with some of the biggest finance companies in the UK.

Q. Will you need to check my credit score for a lease?

A. Yes, to process your lease you will need to have a credit check. A credit check also known as a credit search will look at information from your credit history to understand your financial behaviour. Once this has been completed, our team will decide which finance company will offer you the best deal. If you have a healthy credit score it will be a lot easier to lease a car. However, if your credit rating is poor, you may still be able to lease a car using a finance company who specialises in helping people with poorer credit scores.

Q. My credit score isn't very good, can I still lease a car?

A. If you have a healthy credit score it will be a lot easier to lease a car. However, if your credit rating is poor, you may still be able to lease a car using a finance company who specialises in helping people with poorer credit scores. Our customer team can discuss the difference between a standard leasing agreement and one for those with poor credit scores. If you'd like to chat further about your credit score, one of our expert team members can help you. Please call 02920 099033 or email hello@inter-lease.co.uk

Q. What is and isn't included in the car leasing contract?

A. Your lease contract includes the following:

  • Full manufacturer's warranty
  • Breakdown cover
  • Road tax
  • Free national delivery
Your lease contract does not include the following:
  • Vehicle insurance
  • Fuel
  • Servicing and maintenance (unless you have a maintenance package)
  • Repairs (unless you have a maintenance package or additional insurance)
Our expert customer team will be happy to assist you with information about our additional maintenance packages. Either call us on 02920 099033 or hello@inter-lease.co.uk

Q. Will the leasing contract include insurance?

A. No, your lease agreement will not include car insurance. It is your responsibility to ensure you have fully comprehensive motor insurance for your lease vehicle.

Q. Do the vehicles come with a manufacturer's warranty?

A. Yes, all of our brand new vehicles come with a full UK manufacturer's warranty. This is valid for a minimum of three years and sometimes longer. Exact details on what the manufacturer's warranty covers can be provided by your vehicle manufacturer directly.