The Best NO DEPOSIT Car Leasing Deals of April 2024

The Best NO DEPOSIT Car Leasing Deals of April 2024

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Car leasing questions answered

We have listened to all our customers and answered each question regarding vehicle leasing below. 

However, should you have a question that is not listed, please do get in touch!


Essentially, what is vehicle leasing?

Vehicle leasing can be seen as being very similar to renting a car out where you will use that car for a certain period of time for a fixed monthly rental. Vehicle leasing allows for a choice to made from a variety of vehicles that we offer including the specific make, model, and specifications. Your leasing contract will be tailored for your needs and requirements depending on how long you wish to take the vehicle out on contract for, how much mileage you do per annum and whether you wish to put down a deposit or not. When it comes to returning your vehicle at the end of the leasing period, the vehicle will be collected by the finance company, inspected and payments will stop. Allowing you to then find another great lease deal to replace that vehicle!

Are all vehicles offered brand new?

That is correct, all the vehicles we supply are brand new. Often, we may be able to supply โ€˜Pre-registeredโ€™ vehicles where in order to meet the terms of that specific cheap pricing, they wouldโ€™ve been registered at an earlier date. These vehicles are still brand new though, simply registered before the day of delivery.

What are the benefits of leasing a vehicle?

Vehicle leasing is an ever-growing sector of the car industry and there is no better time to start than right now! Benefits of leasing include: 

โ€ข   Being able to keep driving a brand new vehicle every few years (once your contract has finished) allowing you to always be up to date with the latest makes, models and technology that manufacturers have to offer. 

โ€ข   Leasing new vehicles allow for you to not associate with expenses that are linked with older vehicles (High maintenance!). 

โ€ข   Leasing is often the best and cheapest way to go if you are after obtaining a brand new vehicle. 

โ€ข   Vehicle leasing allows for a broader choice of vehicles to be taken into consideration and often, customers find that they can lease a much better vehicle than what they first anticipated! 

โ€ข   Fixed costs on your monthly rentals include manufacturer warranty, road tax and RFL (Road Fund License) as standard! There is also an option to add a maintenance package to all of our vehicles should you wish. Having these fixed monthly instalments help for you to always understand exactly how much you will be spending. 

โ€ข   When leasing your brand new vehicle, you donโ€™t have to worry about depreciation! New vehicles lose a massive amount of money on them over the first few years of ownership however, with Leasing, you donโ€™t need to worry about this as the vehicle is never actually owned by you! 

โ€ข   When your contract is due to end, you donโ€™t need to worry about selling as you simply just return the vehicle back to the finance company.

At what age can I apply for a lease vehicle?

A lease agreement can be applied for by anyone 18 or over and you must hold a full UK driving license.

What forms of ID are required to be supplied?

The proofs which are required to be supplied will depend upon your credit score, history and also what finance company is being used. Most will require a proof of address, proof of income and a proof of identity in the form of your passport or driving license.

Is vehicle leasing the same thing as PCH (Personal Contract Hire)?

That is correct, these two are the same where a long-term lease agreement (usually 2-4 years) is arranged with the customer for a vehicle of your choice.

This is then followed by the initial rental (1st months payment) and then your subsequent monthly rentals. At the end of the contract, your vehicle is then returned to the finance company.

I canโ€™t seem to find the specific model of vehicle I want to lease?

We have access to all major manufacturers and models of vehicles. If you are unable to find the vehicle you are after on our website, please contact us on our phone number 03333 70 2121 or alternatively, you can request a manual tailored quotation by clicking here.

How quickly can I expect to take delivery?

Usually, stock vehicles are deliverable within 2-3 weeks depending on how quickly actions are taken from all parties involved. However, stock vehicles are sometimes "pipeline" meaning they may be longer. So it is best to allow us to check individually on your chosen option. 

If a vehicle is required to be ordered to specifically fit your needs and there arenโ€™t any vehicles readily available, we would need to look into placing a factory order. These lead times can differ from 8-16 weeks depending on the manufacturer and vehicle etc.

Can a private number plate be placed onto my lease vehicle?

Of course, it is possible for a cherished number plate to be placed onto your lease vehicle however, you would need permission from the finance company as they essentially own your vehicle. Upon receiving their permission, they will then be able to guide you through their process of how to go about this. 

This would often need to be done after taking delivery as you will be required to liaise directly with the finance company.

What am I responsible for during my lease contract?

During the contract, you are responsible for keeping the car in good condition, all routine servicing, maintenance and MOTโ€™s (if necessary). You will need to ensure that you stick to your annual mileage allowances and ensure that any damage is rectified that doesnโ€™t fall under the fair wear and tear guidelines.

Is there an option to purchase the vehicle at the end of the contract?

With a lease contract, there is no option to purchase the vehicle at the end. The vehicle must be returned to the finance company. You can request to purchase the vehicle at the end of the lease but this will be at the finance companies discretion, at the time. At the start of the contract, the agreement is that you do not own the vehicle. 

What is meant by a contract profile, which shows 3+47, 6+23 etc?

This is simply the way in which the payment plan would be structured if you went for that contract profile. These profiles are always catered to your needs whether you wish to put down a deposit or no deposit at all and are broken down into initial payments of 1, 3, 6, 9 or 12 months up front. 

For example, if we look at the profile of 3+47, this would be a one off initial rental payment equivalent to 3 monthly rentals at the beginning of your contract followed by 47 monthly rentals. 

The higher the up-front payment (initial rental), the lower your subsequent monthly rentals will be. The total cost of the contract will always be the same whether you put no deposit down or a deposit to lower your monthly rentals.

What does a "maintenance plan" include?

For an additional monthly cost on top of the monthly rental, a maintenance package can be applied to any of our vehicles which we offer. The maintenance package allows for all servicing costs to be covered along with MOTโ€™s too (if necessary). Other things covered under the maintenance package includes replacement or repair on tyres, bulbs, wipers etc. 

Benefits of having a maintenance package 
Maintenance packages allow for the peace of mind on your new lease vehicle knowing that all servicing and required maintenance is covered and tied up within your monthly rentals. 

Advantages to this include:
โ€ข Manufacturer servicing with authorised garages 
โ€ข Electrical & mechanical repairs or replacements which also includes labour 
โ€ข Lower vehicle running costs 
โ€ข All parts required to repair/replace under fair wear & tear are included. This means things such as brake pads, batteries, wipers etc. 
โ€ข Easy booking process 

To undergo any maintenance on your lease vehicle, this is to be done at any of the approved garages for that manufacturer within the UK, which are also to be approved by the finance company who own the leased vehicle.

You can, however, maintain the vehicle yourself which means all costs will be your responsibility. 

What credit rating do I need to lease a vehicle?

In order to lease a vehicle, a credit check is required to be put in place so that the finance company can ensure that you are eligible to afford the monthly payments across the course of the contract. 

Our finance application process is quick and easy and shouldnโ€™t take too long to complete. We then will put your finance application through to the finance company who is offering the best pricing on the specific deal we have quoted you on. 

Most finance companies which we use are after a good to excellent credit rating however, some are more lenient than others.

Many finance companies aim to have a decision back within 1-2 days depending on certain factors and if they require further information from you. As soon as we receive communication from them, we pass this straight across to you.

What income do I need to lease a vehicle?

You arenโ€™t required to be employed in order to take out a lease agreement but you must have some sort of steady income such as a pension or benefit allowance in order to show the finance company that you can afford the monthly rentals.

Who provides finance for my lease agreement?

All of our deals are by various finance companies, whoever is offering the cheapest pricing for that certain deal.

When will my payments be taken?

Within some finance documents, it will specify exactly when payments will be taken. However, some finance companies take the initial payments on or before delivery, some around 7-10 days after delivery. And then your remaining monthly rentals will begin around 1 month after you have taken delivery. 

This will differ depending on which finance company your vehicle is funded by and sometimes initial rentals may be required before taking delivery. 

What is included in a Contract Hire agreement?

Your leasing contract will include the following as standard: 

โ€ข Road tax for the full duration 
โ€ข Full Manufacturers warranty 
โ€ข Breakdown cover 

Your leasing contract will not include:
โ€ข Insurance 
โ€ข Servicing & maintenance (Unless you have opted for the additional maintenance package to be added)
โ€ข Fuel

Car leasing breakdown

"You canโ€™t have your cake and eat it too," is an adage that applies to many facets of life, including car leasing in the UK. Leasing a vehicle has both its advantages and disadvantages; understanding them is essential for making a well-informed decision when it comes time to choose between purchasing or leasing. Here we examine the pros and cons of car leasing in the UK, helping readers make an informed choice about whether this option is right for them. Leasing cars offers several benefits over buying outright. First, most leases require little to no down payment upfront, making it easier on consumers' wallets than having to pay out thousands of pounds at once. Additionally, monthly payments are usually lower than those associated with loan payments since they cover only the depreciation costs - not the full price - of the vehicle being leased. Finally, because lease terms typically run three years or less, drivers get access to newer models more frequently than if they were locked into a long-term car loan agreement.

Overview Of Car Leasing In The UK

Car leasing in the UK is a popular way of acquiring a car without having to purchase it outright. It allows drivers to spread payments over an agreed period, and can provide access to more cars than they could afford if they had to pay for them upfront. Leasing has become increasingly popular with both private individuals and businesses throughout the country. Leasing involves signing a contract that stipulates how much you need to pay each month for use of the vehicle. This payment will cover depreciation costs and at the end of your agreement, you simply hand back the keys and start a new lease on another model if desired. The process of leasing a car from within the UK is relatively straightforward; 21st Century Motors always offer the most competitive deals so finding one that suits your budget won't be too difficult. By taking into account all these factors before beginning your search, you'll ensure that you get the best deal possible when it comes time to acquire a leased vehicle in the UK. With this information covered, let's explore what advantages car leasing offers in Britain today.

Benefits Of Car Leasing In The Uk

What a coincidence! You have been thinking of leasing a car in the UK, and now you are reading about some of its benefits. So let's get into it! Car leasing is becoming increasingly popular among people living in the UK due to various reasons. Firstly, we offer the most competitive rates along with personal car leasing options for those who want to modify their lease terms according to their needs and budget. Moreover, when one leases a car from 21st Century Motors, they can be sure of getting reliable service as well as quality vehicles. Another great benefit of car leasing in the UK is that it allows customers to drive newer models more often than if they had bought them outright. This means more opportunities to try out different models without having to worry about reselling or trade-in values when your lease term ends. Furthermore, depending on the type of contract you take up with your chosen vehicle leasing company, you may even end up paying less overall compared to buying an equivalent model new or used. It goes without saying then that car leasing offers plenty of advantages over purchasing a vehicle outright โ€“ so much so that it has become an attractive option for anyone looking for convenient transport solutions in the UK. And now that we know what makes car leasing so beneficial, let us find out what kind of leases are available.

Types Of Car Leases Available In The UK

Ah, the age-old dilemma of what type of car lease to get in the UK - should you go for the Business Car Lease? Or maybe Personal Contract Hire and Leasing is more your style? The possibilities are endless... or so it seems. Well, if you're looking for a good deal on a car lease in Britain, then this conundrum might be easier to solve than you think! With just two types of leases available to choose from - Business Car Lease, and Personal Contract Hire and Leasing - deciding which one will best suit your needs should be simple. Fear not; with a bit of research into each option, as well as some honest self-reflection regarding budget restrictions and requirements, making an informed decision becomes much simpler. Now that we have established which type of car lease would work best for different individuals' needs, let's move onto finding out how to secure the best deals in Britain....

How To Find The Best Car Lease Deals In The UK

Finding the best car lease deals in the UK can be a daunting task. It's like walking through a maze of confusing terms and conditions, hidden fees, and varying prices with no clear path to follow. Many people are left feeling overwhelmed and not sure where to start their search for cheap car lease deals. Thankfully, there are ways to make the process easier. Doing research online is an essential step when searching for car leasing deals in the UK; it allows you to compare different offers side-by-side. Knowing what type of vehicle or features you want will help narrow down your options and focus on finding the best deal that meets your needs. Additionally, many websites offer comparison tools that allow users to quickly sort through all available offers from various providers. It can also be beneficial to speak with friends who also is experienced in car leases if you're unsure about which one might work best for you. The best way would be to simply call us for a chat. Having someone knowledgeable walk you through each option can save time by eliminating any unnecessary steps along the way as well as ensure that you get a great deal on your next car lease agreement. With these tips in mind, finding great car leasing deals in the UK won't seem so overwhelming after all! By taking the right steps now, drivers can gain peace of mind knowing they have found the perfect fit for their budget and lifestyle โ€” understanding exactly what theyโ€™re signing up for before committing to a long term contract.

Understanding Car Lease Terms And Conditions In The Uk

Leasing a car in the UK can be an attractive option for many, with around one-third of all new cars being leased according to The BVRLA (British Vehicle Rental and Leasing Association). However, understanding the terms and conditions associated with car leasing is essential before signing any contract. This article will discuss what you need to know about car lease terms and conditions in the UK. Before entering into a leasing agreement, itโ€™s important to familiarise yourself with the different types of leases available. From Business Car Lease to Personal Car Leasing Deals, there are various options that may suit your needs. Itโ€™s also worth researching some of the current offers on the market; as well as considering which car best meets your requirements. Taking advantage of exclusive Car Lease Offers could be beneficial if you want to get value for money from your purchase. Once you have an idea of which type of lease is most suitable for you, itโ€™s time to look into the legal aspects involved in signing up for a deal. Key considerations include mileage limits and maintenance costs โ€“ so make sure you read through each clause carefully before agreeing anything! Also remember that termination fees often apply when exiting early from a leasing agreement โ€“ so bear this mind in case plans change further down the line. Having considered these points, you should now have a better grasp of how to approach car leasing in the UK - allowing you determine whether or not this is right choice for you moving forward. To take things one step further however, it's also important to understand what requirements must be met before taking out a lease...

Requirements For Car Leasing In The UK

With the UK car leasing market now estimated to be worth an impressive ยฃ10billion, it is not surprising that more and more people are choosing this cost-effective way of getting their hands on a new vehicle. But what requirements do you need to meet in order to lease a car in the UK? Understanding the necessary requirements for car leasing can seem daunting at first but with some key information, you'll soon have all the knowledge needed to make an informed decision. Here's a list of what's required:

  • Personal Details: You will need to provide your full name, address, date of birth and driving licence details.
  • Financial Information: The company may require proof of income or other financial documents such as bank statements.
  • Insurance Documents: Fully comprehensive insurance must cover both yourself and any additional drivers who plan to drive the leased car.
  • Employment Status: You will likely need to prove your employment status; whether you're employed full time or selfโ€“employed etc. This could include pay slips or tax records etc.

These are just some of the main points when considering car leasing in the UK; there may be other specific criteria depending on which provider you go with so always check before signing anything! With these conditions met, it's time to start thinking about costs associated with car leasing in the UK...

Costs Associated With Car Leasing In The UK

When looking into car leasing in the UK, it's important to consider costs associated with such an agreement. Lease deals for luxury cars like Audi can be especially expensive, but there are other car leasing deals that might offer more affordable prices. No matter what kind of lease deal you're considering, however, it pays to do your research and compare offers carefully. Many companies will advertise low rates up front, but those often come with hidden fees or other drawbacks when you look closer at the details of their contracts. Additionally, make sure you know exactly how much mileage is covered under any lease so that you won't get hit with extra charges later on down the road. With enough effort and due diligence, finding the right balance between cost and value should be possible for anyone interested in car leasing in the UK. Now letโ€™s turn our attention to evaluating some of the pros and cons of this type of arrangement...

The Pros And Cons Of Car Leasing In The UK

Car leasing in the UK can be a great way to get access to a new car without having to buy it outright. Before taking out a lease, however, it is important to understand both the pros and cons of the process. Ford Lease Deals, Mercedes Lease and Audi Financing are all popular options for those looking into car leasing in the UK. One major benefit of leasing is that monthly payments tend to be lower than loan payments when financing an actual purchase. This makes it easier for drivers on tighter budgets to afford a newer model with more features or perhaps just one from a higher-end brand like Mercedes or Audi. Furthermore, if you choose shorter term leases then you may even end up saving money over buying due to depreciation being covered by the manufacturer's warranty period. On the other hand, there are several drawbacks associated with car leasing as well. For starters, since lessees don't actually own their cars they won't build any equity in them which means that at the end of your contract you will have nothing left but memories - no asset value whatsoever! Additionally, most contracts come with mileage limits so this could cause problems if you need to drive further distances regularly or take frequent road trips. Car leasing in the UK can be advantageous under certain circumstances; however, there are also some costs and restrictions that should be considered before committing long-term. Therefore, understanding how much you'll pay each month and what additional fees might apply is essential for making sure your vehicle remains affordable throughout its lifetime. Now letโ€™s explore how to calculate car lease payments in the UK so users can make informed decisions about their next ride.

How To Calculate Car Lease Payments In The UK

When you're considering car leasing in the UK, it's important to understand how to calculate lease payments. Business Car Lease and private car leasing are two popular options that provide a range of benefits for those looking to drive without ownership. So, let's dive into how to figure out your monthly costs when it comes to these types of leases. Firstly, you need to consider the amount you'll be paying as an initial deposit - this is often up-front money that goes towards reducing the total cost of the lease. Once this deposit has been paid, then you can start calculating your monthly payments based on the rate set by either Business Car Lease or private car leasing company. You should also factor in any additional fees associated with your contract such as maintenance charges or extra mileage penalties. Now armed with all this information about how to calculate car lease payments in the UK, we can move onto discussing the various payment methods available for those who wish to take advantage of them...

The Different Payment Methods For Car Leasing In The UK

Driving a car is often like taking the first step in an adventure. It can take you to places, open up opportunities and give you freedom. But before we set off on our journey, it's important to understand how car leasing works in the UK. Letโ€™s explore the different payment methods for car leasing. You can either pay a small initial rental and have an equal spread throughout the contract. Alternatively you can pay an increased amount as the initial rental which reduces the remaining balance, therefor reducing the monthly spread for the remainder of the contract. No matter which approach they choose, customers must ensure they are financially prepared for all potential scenarios associated with each choice; this includes everything from deposit amounts to missed instalment charges and early termination fees. Knowing what these additional costs may be will help individuals decide which payment method provides them with best value when settling into long-term commitments such as car leasing in the UK. It's essential that prospective lessees weigh up their options carefully before making any decisions about paying for a leased vehicle, enabling them to get behind the wheel confidently and securely. With these considerations in mind, let us now turn our attention to factors To Consider When Choosing A Car Lease In The Uk

Factors To Consider When Choosing A Car Lease In The UK

  • 1) Cost โ€“ How much will you pay each month? Make sure you understand all associated costs with your chosen vehicle rental plan so that you can make an informed decision.
  • 2) Length of lease โ€“ Typically leases last for three years or less, but some may offer longer options. Consider both short-term and long-term plans when deciding on a specific agreement.
  • 3) Additional fees โ€“ Look out for any additional costs such as delivery charges or early termination penalties which could affect the overall cost of the lease agreement.

Before signing off on any deal, it pays to do thorough research about different types of car leasing agreements available in order to find one that meets your needs and budget best. Knowing this information beforehand can help avoid costly mistakes down the line by ensuring that you have made an informed decision. With these considerations in mind, it's time to look at how terminating a car lease in the UK works - if necessary - once a contract has been signed.

How To Terminate A Car Lease In The UK

So what happens when you want or need to end your current contract? Terminating a car lease in the United Kingdom doesn't have to be difficult โ€“ all you need is some knowledge about how it works! It starts by understanding the different types of clauses included in most contracts regarding termination rights. There could also be other factors at play such as early payment fees and reduced mileage charges depending on your agreement terms. Before making any decisions, take time to read through your existing contract thoroughly so that you know exactly what kind of options are available and what processes must be taken should you decide to end your rental agreement. If needed, don't hesitate to reach out to us for further assistance. With these tips in mind, letโ€™s move onto learning more about ways of making the most out of car leasing in the UK!

Tips For Making The Most Out Of Car Leasing In The UK

Navigating the world of car leasing in the UK can be like sailing through a minefield - it's complicated and filled with potential pitfalls. But don't worry, because there are great tips to help make your journey much smoother! Here are some top tips for making the most out of car leasing in the UK. Firstly, research is essential when considering a lease agreement. Make sure you understand all terms and conditions before signing on any dotted lines. Take time to compare different offers from various companies so that you get exactly what you need at an affordable price. Also take note of hidden costs such as administration fees or extra charges. Secondly, always read reviews about each company before entering into a contract. This will allow you to know more about their reputation and customer service levels โ€“ both important factors when looking for peace-of-mind during your lease period. Additionally, if possible try to arrange for test drives with a local dealer so that you can get a better feel for whatโ€™s being offered. Finally, keep track of key dates throughout your lease period; this includes things like renewal dates or scheduled maintenance checks etc., so that you donโ€™t miss any opportunities or obligations that might arise due to changes in regulations or unforeseen circumstances beyond your control. Knowing these details upfront could save you money down the lineโ€“and provide valuable insight into how best to manage your car leasing experience moving forward. With these tips under our belt we're ready to conclude!

Conclusion

Leasing a car in the UK can be an excellent option for those seeking a cost-effective way to run a vehicle. With tax advantages, reasonable lease periods and options even for those with less than perfect credit scores, itโ€™s no wonder that leasing is becoming increasingly popular across the country. The process of transferring leases is also possible, making this option even more attractive. When considering whether or not to lease a car in the UK, take time to research your options thoroughly before making any decisions โ€“ make sure you understand all potential costs as well as the benefits associated with each deal. Leasing can be incredibly rewarding when done right; so don't hesitate to jump aboard this exciting ride! It will surely open up new doors of opportunity and provide hours of freedom on the road ahead. So why wait? Take advantage of all that car leasing has to offer in the UK today โ€“ you wonโ€™t regret it! Whether buying outright or taking out a lease agreement, there are plenty of ways to make owning a car both financially responsible and enjoyable. Let the roads lead you wherever they may go - happy motoring!

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21st Century Motors Limited are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No: FRN682528. We are permitted to act as a credit broker not a lender. You may check this information on the FCAโ€™s Register by visiting www.fca.org.uk/register or by contacting them on 0800 111 6768 (Freephone) or 0300 500 8082 from the UK, or +44 207 066 1000 from abroad. 

21st Century Motors Limited will be remunerated for our credit broking services by way of broker fees charged to the customer and commission paid by the lenders we broker to. Commission may vary dependant on the finance provider. Details of the commission we receive is available upon request. We work with a panel of lenders & supply groups who provide us access to the offers we provide to our customers.

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Registered Office: Cotton Court, Preston, PR1 3BY

Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.

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