Car Leasing Deals UK
Car leasing, also known as contract hire, lets you drive a new car for a fixed monthly payment without ever buying it. You choose the car, the length of the agreement and your annual mileage, then hand the car back at the end.
Lease or buy?
When you buy a car, you pay for the whole vehicle and carry the risk that it loses more value than you expected. When you lease, you only pay for the part of the car's value you use during the agreement, plus finance costs.
That is why leasing usually needs a smaller upfront payment than buying, and why the monthly cost stays the same from the first month to the last.
How the monthly payment works
A lease normally starts with an initial rental, followed by fixed monthly rentals for the agreed term. Your payment reflects how much value the car is expected to lose over the term, the cost of the finance, and the annual mileage you choose.
Road tax is included in our deals, so there are fewer surprise bills. If you go over your agreed mileage, an excess mileage charge applies when the car goes back.
No depreciation risk
The finance company owns the car, so you are not exposed to a fall in its resale value. At the end of the agreement you return it and choose your next car, with no selling or part-exchange to arrange.
VAT benefits for business users
If you lease through a VAT-registered business, you can usually reclaim 50% of the VAT on the monthly rentals where the car has any private use. The exact amount depends on how the car is used, so check with your accountant.
Free delivery
Your car is delivered free to your door, so there is no need to travel to a dealership.
Find your next car
We show live monthly prices, including VAT, on our deals page. Pick the car, term and mileage that suit you and apply online, subject to status and credit approval.
Frequently asked questions
+What is car leasing?
Car leasing, or contract hire, is a long-term rental. You pay a fixed monthly amount to use a car for an agreed term and mileage, then return it at the end. You never own the car.
+What's included in the monthly payment?
Your monthly payment covers the use of the car over the agreed term, the cost of finance and road tax. Insurance and fuel are not included, and servicing is only included if you add it. Check the details of each deal before you apply.
+Can I reclaim VAT on a leased car?
VAT-registered businesses can usually reclaim 50% of the VAT on the monthly rentals when the car has any private use. Private individuals cannot reclaim VAT. Speak to your accountant about your own situation.
+What happens at the end of the lease?
You return the car to the finance company, which checks it against fair wear and tear standards and the agreed mileage. You can then lease another car or walk away. Charges can apply for damage beyond fair wear and tear or for excess mileage.
Swiss Vans Ltd is authorised and regulated by the Financial Conduct Authority as a credit broker, not a lender. FRN 668283.