A Step by Step Guide to Leasing a Car
posted on Jul 08 2013 by Jo Petty
The process of leasing a car is often as simple as buying a car and theres really nothing complicated about it.
Often leasing is a more affordable alternative to buying and the process is outlined in the following five steps, showing you exactly how easy it is to lease your next car.
1. Work out what you want
Having a good idea of the type of car you want to lease is a step in the right direction.
Even if you don't know the specific make or model, your budget can really dictate the type of car you can get so work out how much you want to spend every month too.
2. Get in touch
Once you've browsed through the website deals and found a car that takes your fancy, make an enquiry online or pick up the phone and get in touch on 01273 789 900
If you're unsure of the right deal you can talk through the available options with a car leasing expert over the phone.
If you make contact via the website you'll be assigned a sales advisor who will get in touch with you and send across a proposed quote with a monthly price, length of contract, mileage limit and car specifications contained within.
3. Get a credit check
If you agree to the details of the quote, you must then fill out a finance proposal form which will assess you or your company's credit rating.
If you're applying for a personal lease you'll need to provide details of your residence over the last three years, plus your employment details and bank information.
For a business application a credit check will be carried out on all named directors on the application form.
At this point you'll be asked to send over a copy of your photo ID and may be asked to provide a proof of address such as a bank statement or utility bill dated within the last three months.
4. Give a deposit
Once you pass the credit check an order form will be sent to you which you need to agree to and add any extra information to.
At this point a holding deposit will be taken from you which is held until you receive delivery of the car.
5. Complete the paperwork
After your deposit is received the leasing company will place an order for your car.
You'll need to sign and return any documentation relating to the car and once this happens the car is delivered to you within 7-10 days.
After this, all you have to do is pay your regular monthly payments and you can enjoy your new car!
The leasing company will have very little contact with you after this and generally will only get in touch to remind you that your lease is coming to an end, when you can decide whether you'd like to take a new lease or not.