Car Leasing FAQ's

At The Leasing Guys, we offer vehicle leasing options tailored for personal use. Whether you're in the market for a small hatchback, a large SUV, a load carrying van, or any other type of vehicle, we have a wide selection to choose from.

Leasing a vehicle for personal use comes with several benefits:

1. Affordability: Leasing typically offers lower monthly payments compared to financing a vehicle purchase. This means you can enjoy driving a new car without breaking the bank.

2. Flexibility: Leasing allows you to upgrade to a new vehicle every few years, keeping up with the latest models, technology, and safety features. Plus, you have the option to choose the lease term and mileage allowance that best suits your needs and lifestyle.

3. Convenience: Leasing a vehicle eliminates the hassle of selling or trading in your car when you're ready for a new one. Simply return the leased vehicle at the end of the lease term and explore your next leasing options.

Our team at The Leasing Guys is dedicated to providing exceptional service and helping you find the perfect vehicle leasing solution for your personal needs and preferences. Whether you're interested in leasing a compact car for your daily commute or a luxury SUV for family road trips, we're here to assist you every step of the way.

Contact us today to learn more about our personal vehicle leasing options and find the perfect vehicle for you. We look forward to helping you drive away in your dream car!

At The Leasing Guys, we aim to make the vehicle leasing process as straightforward and accessible as possible. Here's an overview of the eligibility criteria for personal vehicle leasing:

1. Credit Score: Like most financial transactions, your credit history plays a significant role in determining your eligibility for personal vehicle leasing. While specific credit score requirements may vary depending on the leasing company and the type of vehicle you're interested in, having a good to excellent credit score generally increases your chances of approval and may qualify you for more favourable lease terms.

2. Income Verification: Leasing will require details of income and expenditure to ensure that you have the financial means to make the monthly lease payments. Stable employment and sufficient income after commitments can strengthen your lease application.

3. Driving Licence: You must have a valid UK driving licence to lease a vehicle for personal use. 

4. Insurance: You'll need to have fully comprehensive insurance in place for the full term of having your leased vehicle. 

5. Residency: You must be a resident of the UK. Leasing companies may require proof of residency, such as a utility bill or lease agreement, to verify your address.

6. Age Requirement: You typically need to be at least 18 years old to enter into a lease agreement. 

At The Leasing Guys, we're committed to helping our customers navigate the leasing process and find the perfect vehicle for their needs. If you have any questions about the eligibility criteria for personal vehicle leasing or if you'd like to explore your leasing options further, don't hesitate to contact us. We're here to assist you every step of the way.

At The Leasing Guys, we understand that flexibility is key when it comes to personal vehicle leasing. That's why we offer a range of lease terms to suit your needs and preferences.

Lease terms for personal vehicle leasing typically range from 24 to 60 months, although shorter or longer terms may be available depending on your specific requirements.

When determining the ideal lease term for your personal vehicle leasing needs, it's essential to consider factors such as your budget, driving habits, and future plans. Our team at The Leasing Guys is here to assist you in evaluating your options and finding the lease term that best fits your lifestyle.

Whether you're interested in a short-term lease to experience the latest models or a long-term lease for added stability, we're dedicated to providing personalised service and helping you drive away in the perfect vehicle. Contact us today to learn more about our lease terms and find the right vehicle leasing solution for you.

At The Leasing Guys, we strive to make personal vehicle leasing as convenient and affordable as possible. Here's what you need to know about deposits:

A deposit, is not normally required for personal vehicle leasing. Instead, you'll typically make an initial payment or initial rental which can be tailored to suit your budget.

It's important to note that any upfront payment you make will be applied toward the total cost of the lease and will reduce your monthly payments accordingly. Our team at The Leasing Guys will work with you to explore your leasing options and determine if any upfront payment is necessary based on your individual circumstances.

Please note that sometimes on high value or unusual spec vehicles, the supplying dealer may ask for a security deposit - this will either be refundable upon delivery, or will be offset against the cost of the lease.

We're committed to providing transparent pricing and helping you find a leasing solution that fits your budget. If you have any questions about deposits or upfront payments for personal leasing, please don't hesitate to reach out to us. We're here to assist you every step of the way and ensure a seamless leasing experience.

At The Leasing Guys, we understand that life can sometimes lead to unexpected changes in driving habits. If you exceed the agreed mileage limit on your lease, there are a few things to keep in mind:

1. Excess Mileage Charges: When you exceed the agreed mileage limit on your lease, you may be subject to excess mileage charges. These charges are typically calculated on a per-mile basis and can add up quickly if you significantly surpass the mileage allowance.

2. End-of-Lease Costs: If you exceed the mileage limit, the excess mileage charges will be factored into your end-of-lease costs. When you return the vehicle at the end of the lease term, the leasing company will conduct a final inspection to assess any excess wear and tear, mileage charges, or other fees.

3. Managing Excess Mileage: If you anticipate exceeding the mileage limit on your lease we can help to look at adjusting your lease terms. Some leasing companies offer the option to adjust your lease terms at certain points of your agreement, such as increasing your mileage allowance or extending the lease term, to accommodate your changing needs. This is usually available not in the first or last 6 months of the agreement.

At The Leasing Guys, we're here to help you navigate the leasing process and find the right solution for your needs. If you have any concerns about exceeding the mileage limit on your lease or if you'd like to explore your options for managing excess mileage, please don't hesitate to reach out to us. We're committed to providing personalised service and ensuring a positive leasing experience for our customers.

Absolutely! At The Leasing Guys, we offer a range of leasing options tailored to businesses of all sizes. Here's how business vehicle leasing works:

1. Fleet Leasing: Whether you need a single vehicle or an entire fleet, we can help you lease the vehicles your business needs to succeed. From compact cars for sales representatives to all sizes of vans for delivery services, we have a wide selection of vehicles to choose from.

2. Customised Solutions: We understand that every business is unique, which is why we offer customised leasing solutions to meet your specific needs. Whether you need flexible lease terms, customised vehicle configurations, or specialised equipment, we'll work with you to create a solution that fits your business requirements.

3. Tax Benefits: Leasing vehicles for your business can offer potential tax benefits. Lease payments are typically considered a business expense and may be tax-deductible, reducing your overall tax liability. Be sure to consult with your accountant to understand how leasing could benefit your business.

4. Maintenance and Service: With business vehicle leasing, you can often take advantage of maintenance and service packages offered by the leasing company. This can help streamline vehicle maintenance and repair processes, ensuring that your fleet stays on the road and operating smoothly.

5. Upgrade Options: Leasing allows you to upgrade your business vehicles more frequently, ensuring that your fleet is always equipped with the latest models and technology. This can help enhance your company's image and keep your employees satisfied with their work vehicles, as well as lowering running costs by keeping up to date with the most fuel efficient vehicles available..

Whether you're a small business looking to lease a single vehicle or a large corporation in need of an entire fleet, our team at The Leasing Guys is here to help. Contact us today to learn more about our business vehicle leasing options and find the perfect solution for your company's needs. We're dedicated to providing exceptional service and helping your business thrive.

At The Leasing Guys, we understand the unique needs and challenges that businesses face when it comes to managing their vehicle fleets. That's why we offer tailored business vehicle leasing solutions designed to provide maximum flexibility and benefits. Here are some of the advantages of business vehicle leasing or contract hire:

1. Cost-Effective: Business vehicle leasing often requires lower upfront costs compared to purchasing vehicles outright. This means you can conserve your capital and allocate it to other areas of your business, such as operations, marketing, or expansion.

2. Predictable Budgeting: With a lease, you'll have fixed monthly payments throughout the lease term, making it easier to budget and plan for your business expenses. There are no unexpected maintenance or repair costs, if, like most of our clients, you include a maintenance package that covers routine service, tyres and repairs.

3. Tax Benefits: Lease payments are typically considered a business expense and may be tax-deductible, reducing your company's overall tax liability. Be sure to consult with your tax advisor to understand how leasing could benefit your specific financial situation.

4. Fleet Management Solutions: Leasing provides access to a wide range of vehicles, from compact cars to commercial vans, allowing you to customise your fleet to meet your business needs. Additionally, we can offer fleet management solutions, such as vehicle tracking, maintenance scheduling, and reporting tools, to help you optimise the performance and efficiency of your fleet.

5. Flexible Upgrade Options: Leasing allows you to upgrade your business vehicles more frequently, ensuring that your fleet is always equipped with the latest models and technology. This can enhance your company's image, improve employee satisfaction, and help you stay competitive in your industry. It can also reduce running costs 

6. Reduced Risk: Leasing eliminates the risk of vehicle depreciation with a contract hire agreement, as you're not responsible for the vehicle's resale value at the end of the lease term. This can provide peace of mind and eliminate the uncertainty associated with vehicle ownership.

At The Leasing Guys, we're committed to providing exceptional service and helping your business succeed. Contact us today to learn more about our business vehicle leasing options and discover how leasing can benefit your company. We'll work with you to find the perfect leasing solution to meet your business needs and budget.

There are indeed several potential tax advantages to leasing vehicles for your business. Here's a breakdown of some key tax benefits associated with business vehicle leasing:

1. Tax Deductibility: Lease payments for business vehicles are typically considered a deductible business expense. This means that the payments you make towards leasing vehicles can be deducted from your business's taxable income, reducing your overall tax liability. This can result in significant savings for your business, especially if you're leasing multiple vehicles or higher-value assets.

2. VAT Reclaim: Depending on the vehicle lease and how it will be used, you can potentially claim up to 100% of the VAT back. 100% reclaim is usually on commercial vehicles where there is no personal usage, and as cars generally have an element of personal usage, they are restricted to 50% VAT reclaim. 100% of all maintenance rentals are reclaimable 

3. Depreciation Deduction: When you purchase a vehicle, you can typically deduct depreciation expenses over several years. However, with leasing, the leasing company retains ownership of the vehicle, and you're essentially paying for the depreciation during the lease term. This means you can deduct the full amount of lease payments as an operating expense, rather than having to depreciate the vehicle over time.

4. Lower Initial Costs: Leasing often requires lower upfront costs compared to purchasing vehicles outright. Since you're not required to make a large capital investment upfront, you can conserve your cash flow and allocate it to other areas of your business. This can help improve your liquidity and financial flexibility, allowing you to invest in growth opportunities or cover other operational expenses.

5. Flexibility with Expenses: Leasing provides flexibility in managing your expenses, as lease payments are typically fixed and predictable throughout the lease term. This can make it easier to budget and plan for your business expenses, as you'll know exactly how much you'll need to allocate for vehicle-related costs each month.

It's important to note that tax laws and regulations may vary depending on specific circumstances, so we always recommend speaking to your accountant to understand how leasing could benefit your business from a tax perspective.

At The Leasing Guys, we're dedicated to helping your business thrive. Contact us today to learn more about our business vehicle leasing options and how we can help you take advantage of potential tax advantages for your business. We're here to provide expert guidance and personalised service every step of the way.

Absolutely! At The Leasing Guys, we understand that businesses often require multiple vehicles to support their operations. Whether you need a couple of cars for your business or a large fleet of vans for your established company, we can help you lease multiple vehicles tailored to your specific needs.

At The Leasing Guys, we strive to make the business vehicle leasing process as smooth and seamless as possible. Here's an overview of the documentation typically required for business vehicle leasing:

1. Business Information: You'll need to provide basic information about your business, including its legal name, address, phone number, website etc.

2. Financial Statements: Depending on the leasing company's requirements and the value of the lease, you may need to provide financial statements for your business, such as profit and loss statements, balance sheets, or cash flow statements. These documents help assess your business's financial health and ability to make lease payments.

3. Directors ID: ID of company directors may be required in order to help lenders complete their 'know your customer' or KYC checks.

4. Insurance Information: You'll need to provide proof of insurance for the leased vehicles.

5. Credit Application: You will be required to complete a credit application as part of the leasing process. This allows the leasing company to assess your companies creditworthiness and determine the terms of the lease agreement.

6. Personal Guarantees: Depending on the size and structure of your business, the leasing company may require personal guarantees from the business owner(s) or other key individuals. A personal guarantee provides assurance that the lease payments will be made, even if the business is unable to fulfil its obligations.

Our team at The Leasing Guys is here to guide you through the leasing process and ensure that you have all the necessary documentation in place. Contact us today to learn more about our business vehicle leasing options and find the perfect solution for your fleet needs. We're dedicated to providing exceptional service and helping your business succeed.

At The Leasing Guys, we understand that transparency and clarity are essential when it comes to lease payments. Here's how lease payments are typically calculated:

1. Vehicle Price: The lease payment is based on the price of the vehicle. This is the amount that the leasing company purchase the vehicle from the dealer for, before hiring back to you.

2. Residual Value: The residual value is the estimated value of the vehicle at the end of the lease term. It's determined by factors such as the vehicle's depreciation rate, mileage allowance, and market conditions. The higher the residual value, the lower your lease payments are likely to be.

3. Depreciation: Lease payments cover the vehicle's depreciation over the lease term. The leasing company calculates the depreciation by subtracting the residual value from the purchase price.

4. Additional Options: Depending on your preferences and needs, you may choose to add additional options to your lease, such as maintenance packages, extended warranties, or excess wear and tear protection. These options can affect your lease payments, so be sure to consider them carefully when determining your budget.

Overall, lease payments are calculated based on the vehicle's price, residual value, depreciation, money factor, taxes, fees, and any additional options you choose. Our team at The Leasing Guys is here to help you understand how lease payments are calculated and find the best leasing solution to fit your budget and needs. Contact us today to learn more about our leasing options and get started on leasing your next vehicle. We're dedicated to providing exceptional service and helping you drive away in the perfect vehicle for you.

At The Leasing Guys, we aim to provide transparent and upfront information to our customers regarding any costs or fees associated with leasing a vehicle. Here's what you need to know about upfront costs and fees:

1. Admin Fee: The Leasing Guys charge a standard £200+VAT for arranging a leased vehicle which goes towards our running costs for offering the service.

2. First Month's Payment: You'll typically be required to make the first month's lease payment at the point of delivery. This payment is deducted from the total cost of the lease and so a larger initial rental equates to lower ongoing monthly rentals.

3. Registration Fees: The DVLA will charge a registration fee and cost of the first years road fund licence - this will all be included in the total cost of the lease, as will subsequent years road fund licence.

4. Optional Fees: Depending on your preferences and needs, you may choose to add optional services or products to your lease, such as maintenance packages, extended warranties, or excess wear and tear protection. These optional fees can be included in your lease payments or paid upfront, depending on the leasing company's policies.

At The Leasing Guys, we're committed to providing transparent pricing and helping you understand any upfront costs or fees associated with leasing a vehicle. Our team is here to guide you through the leasing process and ensure that you have all the information you need to make informed decisions. Contact us today to learn more about our leasing options and find the perfect vehicle for your needs. We're dedicated to providing exceptional service and helping you drive away in the perfect vehicle for you.

At The Leasing Guys, we believe in providing our customers with clear and comprehensive information about their lease agreements. Here's what you can expect to be included in your monthly lease payment:

1. Vehicle Use: You will have sole use of the vehicle during the term of your lease agreement.

2. Road Fund Licence: Road fund licence is included for the full term of the lease. Any subsequent increases in the costs of RFL during the agreement will be charged back to you.

3. Manufacturers Warranty: You will be covefred for the full manufacturers warranty

4. Roadside Assistance: Generally manufacturers will offer 12 months roadside assistance on a new car. Some leasing companies will also cover you for the full term of the lease - please check with The Leasing Guys for full details.

5. Delivery: Delivery of the vehicle to mainland UK is also included. This will be driven delivery unless otherwise specified.

6. Maintenance: If you decide to take out a maintenance contract then maintenance of the vehicle is included for the term of the lease. However, if you choose not to take a maintenance contract then you will be responsible for ensuring that the vehicle is maintained in accordance with the manufacturer guidelines.

7. Insurance: While not included in the lease payment itself, you'll need to maintain comprehensive insurance coverage on the leased vehicle throughout the lease term. The cost of insurance is separate from your lease payment but is an essential aspect of leasing a vehicle.

Our team at The Leasing Guys is here to help you understand your lease agreement and ensure that you have a clear understanding of what's included in your monthly payment. Contact us today to learn more about our leasing options and find the perfect vehicle for your needs. We're dedicated to providing exceptional service and helping you drive away in the perfect vehicle for you.

The payments for your lease agreement will be taken by direct debit.

When leasing a vehicle, you will be required to make an initial payment, which is the the first month's lease payment. It can be varied and raised higher or lower. Although sometimes referred to as such, this payment is not a deposit and is not refundable as it is part of the cost of the lease. The higher the initial payment, the lower the balance remaining and therefore the lower the remaining payments and if the initial payment is reduced it increases the monthly rentals. 

Yes, as the lessee, you are responsible for maintaining the leased vehicle according to the manufacturer's recommended service schedule. This includes routine maintenance such as oil changes, tyre changes to keep within legal guidelines, and brake inspections. Proper maintenance helps ensure the vehicle's performance, safety, and longevity throughout the lease term.

Typically, routine servicing and maintenance are not included in the standard lease agreement. However, The Leasing Guys offer optional service packages and maintenance plans for an additional fee. Contact us to find out what is available.

Yes, you are required to have comprehensive insurance coverage for the leased vehicle throughout the lease term. This insurance helps protect both you and the leasing company in case of accidents, theft, or damage to the vehicle. Be sure to provide proof of insurance before taking possession of the leased vehicle.

Yes, you have the flexibility to choose your own insurance provider when leasing a vehicle. However, it's essential to ensure that the insurance coverage meets the requirements outlined in your lease agreement, ie Fully Comprehensive cover. Be sure to check with The Leasing Guys for any specific insurance provider recommendations or requirements.

If the leased vehicle requires repairs, you should contact your leasing company or maintenance provider if you have taken a maintenance contract as soon as possible. Depending on the nature of the repair the manufacturer may cover certain repairs under warranty, while others may be your responsibility. 

If the repairs are due to accident damage, please contact The Leasing Guys as all of our customers are covered by our own accident management scheme.

At the end of the lease term, you have several options:

1. Return the Vehicle: You can simply return the vehicle. Make sure to adhere to any return conditions outlined in your lease agreement, such as mileage limits and BVRLA fair wear-and-tear guidelines.

2. Lease Extension: Some leasing companies may offer the option to extend your lease for a specified period. This can be a convenient choice if you're not ready to commit to purchasing or leasing a new vehicle.

3. Lease a New Vehicle: If you've enjoyed the leasing experience and want to continue driving a new vehicle, you can enter into a new lease agreement with The Leasing Guys.

It's essential to review your lease agreement and speak to The Leasing Guys to understand the specific options available to you at the end of the lease term. Each option has its pros and cons, so consider your preferences and financial circumstances before making a decision.

Yes, you may have the option to extend your lease if you want to keep the vehicle beyond the original lease term. Some of the leaseco's offer lease extensions as a convenient solution for customers who are satisfied with their current vehicle and wish to continue driving it.

To extend your lease, you should contact The Leasing Guys well before the end of the lease term to discuss your options. We will provide you with information on the extension process, any associated fees, and the duration of the extension.

Extending your lease can provide you with additional time to enjoy your vehicle. However, it's essential to review the terms and conditions of the extension carefully, including any changes to monthly payments or mileage allowances.

If you're considering extending your lease, be sure to reach out to The Leasing Guys team for personalised assistance and guidance tailored to your specific needs and circumstances.

The process for returning your leased vehicle is relatively straightforward, but it's essential to follow the outlined steps to ensure a smooth transition:

1. Review Your Lease Agreement: Familiarise yourself with the terms and conditions outlined in your lease agreement, particularly regarding the return process, BVRLA Fair wear-and-tear guidelines, and mileage limits.

2. Schedule a Vehicle Inspection: Contact The Leasing Guys to schedule a pre-return inspection of the vehicle. This inspection will assess any excess wear and tear, damages, or mileage overages that may incur additional charges.

3. Complete Necessary Repairs: Based on the inspection report, address any required repairs or maintenance to restore the vehicle to an acceptable condition, considering normal wear and tear allowances.

4. Gather Documentation: Collect all relevant documentation, including maintenance records, spare keys, owner's manuals, and any other items specified by your leasing company.

5. Arrange for Return: Coordinate with The Leasing Guys to schedule the return of the vehicle. Ensure to return the vehicle on or before the lease end date to avoid any additional fees.

6. Return the Vehicle: On the scheduled date, an agent will come to collect your vehicle. Remember to remove any personal belongings and return all provided equipment, such as floor mats or accessories.

7. Review Final Charges: After returning the vehicle, you'll receive a final statement detailing any applicable charges, such as excess mileage fees or damages beyond normal wear and tear. Review this statement carefully and address any discrepancies with The Leasing Guys.

If you have any questions or concerns about the return process, don't hesitate to contact The Leasing Guys for assistance. We're here to guide you through every step and ensure a seamless experience.

There may be additional charges at the end of the lease, depending on several factors. These charges typically include:

1. Excess Mileage Fees: If you exceed the mileage limit specified in your lease agreement, you may incur additional charges for each mile over the limit. The excess mileage charge will be detailed in your agreement.

2. Excess Wear and Tear: Your lease agreement will outline acceptable wear and tear limits for the vehicle which are in line with the BVRLA Fair Wear and tear guidelines. Any damages or excessive wear beyond these limits may result in additional charges.

3. Outstanding Payments or Fees: Ensure all monthly lease payments, late fees, or outstanding charges are settled before returning the vehicle.

4. Early Termination Fees: If you terminate the lease before the agreed-upon term, you may incur early termination fees. These fees can vary depending on the leasing company and the remaining lease term.

It's essential to review your lease agreement carefully and understand any potential charges that may apply at the end of the lease term. The Leasing Guys can provide guidance and assistance throughout the lease return process, helping you minimise any additional charges and ensure a smooth transition.

Yes, you can lease another vehicle after returning the current one. Returning your leased vehicle presents an excellent opportunity to explore leasing options for a new vehicle. The process of leasing another vehicle is similar to your initial lease experience:

1. Consultation: Contact The Leasing Guys to discuss your preferences, budget, and any specific requirements for your next vehicle.

2. Vehicle Selection: Explore our wide range of available vehicles to find one that suits your needs and preferences. We can help you compare different makes and models, considering factors such as features, lease terms, and pricing.

3. Lease Negotiation: Once you've selected a vehicle, we'll negotiate lease terms on your behalf, including monthly payments, lease duration, and any upfront costs.

4. Lease Agreement: Review and sign the lease agreement, ensuring you understand all terms and conditions before finalising the deal.

5. Vehicle Delivery: Upon approval and completion of the necessary paperwork, we'll arrange for the delivery of your new leased vehicle at your convenience.

Leasing another vehicle offers flexibility and allows you to enjoy the latest models with updated features and technology. Our team at The Leasing Guys is here to guide you through the process and ensure a seamless leasing experience. Contact us today to explore your leasing options and find the perfect vehicle for your needs.

Yes, you may have the option to cancel your lease agreement, but it's essential to understand the terms and potential implications of doing so:

1. Early Termination: Most lease agreements include provisions for early termination, allowing customers to end the lease before the scheduled expiration date. However, early termination typically incurs fees and penalties, so it's essential to review your lease agreement carefully to understand these terms.

2. Penalties and Fees: Cancelling your lease agreement before the end of the term may result in penalties and fees, including early termination fees and remaining lease payments. These costs can vary depending on factors such as the remaining lease term and the leasing company's policies.

3. Consultation with The Leasing Guys: If you're considering cancelling your lease agreement, we recommend consulting with our team at The Leasing Guys to understand the potential consequences and explore alternative options. We can provide guidance on the best course of action based on your individual circumstances.

4. Financial Considerations: Before cancelling your lease agreement, consider the financial implications, including any fees, penalties, and potential impact on your credit score. Evaluating these factors will help you make an informed decision.

Ultimately, while cancelling a lease agreement is possible, it's important to weigh the costs and benefits carefully. The Leasing Guys are here to provide guidance and support throughout the leasing process. Contact us today for personalised assistance and advice.

This depends on which funder your lease deal is through so please speak to The Leasing Guys to confirm. Once you sign the lease contract, you are typically bound by its terms and obligations. However, it's crucial to review your lease agreement carefully before signing to ensure that you understand all terms and conditions.

Before signing a lease agreement, we recommend taking the following steps:

1. Review the Lease Agreement: Carefully review all terms and conditions outlined in the lease agreement, including lease duration, monthly payments, mileage limits, and any potential fees or penalties.

2. Ask Questions: If you have any questions or concerns about the lease agreement, don't hesitate to ask The Leasing Guys for clarification. We're here to provide guidance and ensure that you fully understand the terms of the lease.

3. Consider Your Options: Take the time to consider whether leasing is the right choice for your needs and circumstances. Evaluate factors such as budget, lifestyle, and future plans before making a final decision.

4. Seek Legal Advice: If you have reservations about signing the lease agreement, consider seeking legal advice from a qualified attorney who can provide insight into your rights and obligations under the contract.

While there may or may not not be a cooling-off period after signing a lease agreement, thorough review and consideration beforehand can help ensure that you make an informed decision. The Leasing Guys are committed to transparency and are here to support you throughout the leasing process. Contact us today for personalised assistance and guidance

Early lease termination may result in various penalties, depending on the terms outlined in your lease agreement. Here are some potential penalties to consider:

1. Early Termination Fee: Many lease agreements include an early termination fee, which is charged if you end the lease before the scheduled expiration date. This fee is typically calculated based on factors such as the remaining lease term and may vary depending on the leasing company's policies.

2. Remaining Lease Payments: If you terminate the lease early, you may still be responsible for paying the remaining lease payments up to the original lease term's end date. This can include monthly lease payments as well as any applicable fees.

3. Excess Mileage Charges: If you've exceeded the mileage limit specified in your lease agreement, you may incur additional charges for the excess miles when terminating the lease early.

4. Wear and Tear Charges: If the vehicle has excessive wear and tear beyond normal use, you may be responsible for additional charges upon early lease termination.

It's essential to review your lease agreement carefully to understand the specific penalties and fees associated with early termination. Before considering early lease termination, we recommend consulting with The Leasing Guys to explore alternative options and minimise potential financial repercussions.

We're here to provide guidance and support to help you navigate the leasing process and make informed decisions. Contact us today for personalised assistance tailored to your individual needs and circumstances.

Terminating a lease early involves several steps, and it's essential to understand the process and potential consequences. Here's an overview of the typical steps involved in terminating a lease early:

1. Review Your Lease Agreement: Start by reviewing your lease agreement to understand the terms and conditions for early termination. Pay attention to any provisions regarding early termination fees, remaining lease payments, and other penalties.

2. Assess Your Situation: Evaluate your reasons for wanting to terminate the lease early. Consider factors such as changes in financial circumstances, lifestyle needs, or dissatisfaction with the leased vehicle.

3. Contact The Leasing Guys: Reach out to our team at The Leasing Guys to discuss your intention to terminate the lease early. We can provide guidance on the process and help you understand your options.

4. Calculate Early Termination Costs: Work with The Leasing Guys to calculate the potential costs associated with early lease termination. This may include early termination fees, remaining lease payments, excess mileage charges, and any other applicable fees.

5. Explore Alternatives: Before proceeding with early lease termination, explore alternative options that may be available to you. This could include adjusting the lease terms.

6. Initiate the Termination Process: Once you've decided to proceed with early lease termination, follow the process outlined in your lease agreement. This may involve notifying the leasing company in writing and returning the leased vehicle to a designated location.

7. Settle Outstanding Payments: Ensure that all outstanding payments, fees, and charges associated with the lease are settled before returning the vehicle. This includes any remaining lease payments, early termination fees, and other obligations specified in the lease agreement.

8. Review Final Statement: After returning the vehicle, review the final statement provided by the leasing company. This statement should detail any remaining charges or refunds owed to you.

It's essential to approach early lease termination carefully and be prepared for any potential financial implications. The Leasing Guys are here to provide support and guidance throughout the process. Contact us today for personalised assistance tailored to your specific situation.

At The Leasing Guys, we offer a wide selection of makes and models available for leasing to suit a variety of preferences and budgets. Our range covers most vehicles available new in the UK.

If you have specific preferences or requirements for your leased vehicle, our team is here to help you find the perfect match. Contact us today to explore our inventory and find the ideal vehicle for your needs.

Yes, you can often choose the colour and specifications of the leased vehicle, depending on the deal. Sometimes if a vehicle is on a stock offer there may be limited or only one colour/choice of spec available.

At The Leasing Guys, we prioritise customer satisfaction and strive to provide a seamless leasing experience tailored to your preferences. Contact us today to discuss your leasing needs and explore available options.

As The Leasing Guys don't operate a physical showroom, we don't offer test drives ourselves. However, we can often arrange these for you from our network of supplying dealers, or you can visit your local dealer for a test drive.

Yes, lease agreements include a limit on the number of miles you can drive annually. This limit is typically referred to as the 'mileage allowance' or 'mileage cap.' Exceeding the specified mileage limit will result in additional charges at the end of the lease term.

When leasing a vehicle, it's essential to consider your expected driving habits and select a mileage allowance that aligns with your needs. The mileage allowance is typically stated in terms of miles per year, such as 10,000, 12,000, or 15,000 miles annually.

If you anticipate exceeding the mileage allowance, you have a few options:

1. Upgrade the Mileage Allowance: Before finalising the lease agreement, you can discuss with The Leasing Guys the possibility of increasing the mileage allowance to better suit your driving habits. This option may result in slightly higher monthly lease payments but can help avoid excess mileage charges at the end of the lease term.

2. Monitor Your Mileage: Throughout the lease term, keep track of your mileage to ensure you stay within the specified limit. You can use the vehicle's odometer to monitor your mileage and adjust your driving habits if necessary.

3. Prepare for Excess Mileage Charges: If you exceed the mileage allowance, you will be responsible for paying excess mileage charges at the end of the lease term. These charges are typically calculated on a per-mile basis and can vary depending on the leasing company's policies.

At The Leasing Guys, we can help you understand the mileage allowance and assist you in selecting the appropriate option for your driving needs. Contact us today to discuss your leasing options and ensure that your mileage allowance aligns with your lifestyle.