Who Are The Best Car Lease Providers?We look at the best car finance providers...
With the rise of car leasing comes the rise of car lease providers. If you are new to the concept of leasing, then the amount of information, companies and providers offering you all sorts of deals and offers can be overwhelming.
We understand that it can be overwhelming, which is why we try and make leasing as easy, and as smooth, as possible.
And we know that you are going to want to try and find the best car lease providers for you. So in this article, we are going to go through the best car lease providers, as well as the best places to find lease prices and programmes.
Who are the best car lease providers?
There are a lot of lease providers out there, and which one you choose depends on what your situation is and what vehicle you want.
Manufacturers are the ones that will offer the best discounts and the best value for their product. To find these deals you will either want to go to your local dealership or contact a vehicle broker. Your local dealership might, on the surface, look like the easiest option. However, they don’t always have the best discounts nor are they independent. They are often tied to one or two finance houses, which means that you might not get the best deal or you might not be getting the best vehicle for your situation.
You could go through a leasing broker. Some of these are entirely independent and have access to multiple finance houses and manufacturers. They also have access to fleet discounts, of which dealerships don’t have access to for private individuals.
However, there are also leasing companies that are actually owned by big banks. These include the likes of Lex Leasing or Network. Banks are very interested in car leasing. After all, the second biggest purchase you are likely to make after a house is a car. However, they aren’t too interested in leasing to smaller businesses or private individuals. Instead, they have their own areas for large fleets and instead have their own leasing brands for the smaller businesses and individuals. They will then go to the marketplace via those leasing brokers.
There is no one answer to the best car lease providers. It’s whichever you prefer. There are some lease providers that will only work with you if you have good credit, and there are others that will work with you even if you have a poor credit score. Others will specialise in different types of cars and some might provide only a few manufacturers. Ultimately, it’s down to what is best for you and your situation.
Best car lease prices
There are plenty of places you can find car lease prices, and some of them are better than others.
You will be able to find lease prices on the internet, through lease deal websites. Manufacturers also have their own lease specials, of which you can get through your local franchised dealer.
However, you can also find lease prices through vehicle brokers. Leasing brokers have a strong relationship with many finance houses and manufacturers. They buy thousands of vehicles, which means that they can get huge discounts that you may not have access to if you were to go online or even through your local dealer, especially if you are a private individual.
Each leasing company is different, and they may offer different deals on different types of cars. For example, some may get better discounts on executive cars, some on city cars. Other leasing companies prefer performance cars, and can offer you huge discounts on the likes of those models.
However, we can’t give you a list of the best lease prices. These change often, and can vary from company to company. One week a company might have a great deal, and then it might change the week after. Therefore, we can’t simply give you a list of the best lease deals. The best thing to do would be to contact an independent broker who can look at these deals for you. They will be able to find you the best lease deals and present them to you for you to choose.
What are the best lease programmes?
The motor industry works in quarters, and lease programmes last quarterly. The manufacturer will launch something at the start of the quarter and the deals will end at the end of the quarter. Where you are on that quarter depends on how long you have to make a decision.
Many think that when a vehicle salesperson pushes you to make a decision and tell you that you haven’t got long, the chances are they are actually telling the truth. Otherwise the deal changes. It’s essentially no different from where there are deals at the supermarket, they only last for a certain amount of time. It’s the same with vehicle lease deals.
Most leasing brokers will have programmes to certain vehicles, and again, there is no one answer to the best lease programmes. However, to ensure you are getting access to the best deals, and that you are not missing out on any deals that may be perfect for you, we recommend signing up to some mailing lists of some vehicle brokers. You will be able to see when they get new offers in and if any look good, you can contact them there and then. This saves going through various websites every so often to check you aren’t missing anything.
What are the best car lease packages?
It depends what you want from your lease contract. If you want everything included and you don’t want to have to worry about anything for the duration of the lease contract then you will need a package that includes everything. This means ensuring road tax is included as well as a maintenance agreement.
A maintenance agreement covers the cost of all your servicing throughout the duration of your lease contract. You pay an additional fee a month, on top of your monthly payments, and this means you do not have to pay for the cost of servicing upfront.
You can also have a servicing package, if you do not want a full maintenance package. This covers you for standard servicing costs but does not cover you for the likes of wear and tear, such as tyres and brake pads.
Which is the best car leasing company?
We can’t give you one definitive answer for this, because there are a lot of good leasing companies out there and there are many that could be suited to you. However, it does really depend on what you are after.
For example, there are vehicle brokers that sell tens of thousands of vehicles every year which may be able to get you a great deal. However, you might not get a personalised service or the best customer service, but you will get your car. Alternatively you can go through a broker that will do all the legwork for you, talk you through all your options and give you a more personalised experience. This may cost you slightly more, but you will be paying for an extra service.
If you are a larger fleet, you might want to go direct to the banking lease companies. This is because your needs will be significantly different to the others, so companies such as Lex or Network. If you have a small fleet, say 70 cars or less, then it depends what you are looking for. If you are looking for a basic package then there are many that will offer that, however if you want a more personalised service then you will want a broker that puts customer service first.
Ultimately, there is not one answer in terms of who is the best lease provider. It all comes down to what is best for you and your situation. It depends if you want simply the best deal, or if you want a more personalised experience. It also depends on whether you want a maintenance package or you just want a basic lease deal. However, we advise people on this every day, so if you have any questions, please do not hesitate to contact us.
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