No Deposit Car Leasing Deals

A contract hire agreement starts with an initial rental rather than a deposit. It is paid at the start and is expressed as a number of monthly payments. When people search for no deposit car leasing, they usually mean the lowest possible payment up front.

On our deals, the lowest option is 1 initial rental, which means one monthly payment up front. We do not offer a car lease with nothing at all to pay at the start, and we would rather say so plainly than imply otherwise.

A smaller initial rental usually means a higher monthly rental, because less has been paid at the start. For example, our lowest-priced car, the Ibiza Hatchback, is £191 a month ex VAT with 9 initial rentals, which is the setting our prices start on. With 1 initial rental, the lowest-priced car is the Ibiza Hatchback at £260 a month ex VAT. Compare the total cost across the whole agreement, not only the monthly figure.

A low initial rental suits limited companies, sole traders and partnerships that would rather keep cash for stock, wages or tools than tie it up in a car. On each deal page you can choose the term, annual mileage and number of initial rentals (1, 3, 6, 9 or 12) and watch the monthly rental update.

VAT-registered businesses can usually reclaim 50% of the VAT on car rentals where the car has any private use, and that includes the initial rental. Check the detail with your accountant. All agreements are subject to status and credit approval.