How Can I Get a Lease Car?

Thinking about getting a lease car? Here's what you need to know...

Leasing has become increasingly popular here in the UK. Though it’s not the traditional way of getting your next car, it’s definitely something you should consider. Or, maybe you have considered it and you’ve decided that this is what you want to do. How do you go about doing it?

We at OSV know everything there is to know about car leasing. So, we’re going to talk you through how you can get a lease car and answering any questions you may have about that process.

How Does Car Leasing Work?

It’s fairly simple. You have a car for a set period of time; they range from 1-5 years people typically opt for a contract lasting 2-3 years. You pay a series of monthly payments for the duration of your contract. Once that time is up and you’ve made all your payments, you hand the car back.

How is leasing a car different from buying a car?

The main difference between buying and leasing is that when you lease a car, you don’t actually own it. Which is why you return it at the end. Some people like this, some people don’t, it’s entirely subjective.

Another difference is that when you lease a car, you have to maintain to a satisfactory standard. This standard is set by the British Vehicle Rental and Leasing Association and is the national standard for all lease cars. However, your broker or dealer should go over this with you. Also, if you are a company then this is the only scheme where you can claim half the VAT back on the monthly rental.

Red toy car on top of lease agreement

What Contracts Can I Get on a Lease Car?

There are a few lease contracts that are available to you, and they can suit pretty much everyone. You can lease a car privately or through a business.

What is the difference between a business lease and a private lease?

That is a good question. There are two main lease contracts, personal contract hire and business contract hire.

Essentially, they are the same concept but one is for a private individual and one is for business. There are other benefits that come with business contract hire but you can read more about that here.

What are the different types of private lease contracts?

There is only one type of private lease contract, and that is;

  • Personal Contract Hire
Learn more about Personal Contract Hire 

What are the different types of business contract?

Man signing documents with keys placed on top

Leasing is a popular choice for many businesses and there are two different types of contract to choose from;

– Contract Hire

– Finance Lease

For a guide to the basics of all of these contracts then you can download our business leasing eBook.

Broker vs. Dealership

So, you’ve decided what sort of finance agreement you want. The next step is deciding whether you want to go through a vehicle broker or a car dealership.

It should be noted that when we talk about getting a car online, we mean going through websites such as CarWow or OrangeWheels.

Each option has a different process and it’s important you know how they differ so you can ensure that you are making the right choice.

How Do I Lease a Car Through a Car Dealership?

How Do I Lease a Car Through a Vehicle Broker?

Going through a car dealership is the traditional way of getting a new car. You go into a dealership, choose which car you want and then the dealership will offer you the best deal they can. Dealerships tend to be limited to a few finance houses and any negotiation on price will be down to you. People tend to like dealerships because they can see their options there in front of them. However, the cost may be greater and the availability less. This is because they have to sell their own stock to reach their targets.

Brokers are becoming increasingly popular as of late. They are basically the middle man between you, the dealership and the finance house. You go to the vehicle broker with your requirements; they then do the research for you and find the best deal they can. Brokers are not tied to the one brand or finance house so they are able to give you an unbiased opinion. Brokers can also access fleet discounts, which means that you will be getting access to deals that dealerships do not have access to.

However, there are some brokers that are not reputable, and they give the rest of us a bad name. This can be avoided, though, and you can read our article on how to tell if your vehicle broker is trustworthy for our top tips.

How Does the Leasing Process Differ Between a Car Dealership or a Vehicle Supplier?

Each option has their way of doing things, and this can vary not only from the different ways to lease a car but also with different suppliers, dealerships, etc.

Which is cheaper: Leasing through a dealership, a broker or online?

In all honesty, there’s not a way to tell which is going to get you the best deal. All options will work within their networks to give you the best deal they can.

There will be some vehicle brokers who have access to a wide range of funders, which means they can access multiple deals for you. However, dealerships and brokers who have access to a smaller number of funders may have a stronger relationship with them, therefore will also be able to get you a good deal.

So, ultimately, we can’t say whether you are going to get a better deal by going with one or the other.

Woman on her ipad laughing with her male friend

Which is better for customer service: Dealership vs. Broker?

One of the risks involved with going through a broker is that they may not be reputable. This can be avoided as long as you go through a reputable broker. That said, we have also heard horror stories involving dealerships. So the lesson to be learnt is that you may have a bad experience if you don’t do your research. You can read about what to look for in a vehicle broker here.

A reputable broker will have a team dedicated to the after-sales part of the process, ensuring that you are completely happy with your purchase.

It’s important that you go through a company that has a customer service procedure in place in case you have any questions or you have any problems with your order. You can read our article on price vs. customer service here.

As you can see, there are many different ways of getting a lease car. Ultimately, which agreement you choose and which route you choose to go down is completely your decision.

Hopefully we have cleared a few things up, and answered a few more questions on the way.

Now you know how to get a lease car, click here to read our top tips on getting the best lease deals
Ashley Jackson

Ashley Jackson

Team Leader at OSV Ltd
Ash enjoys: Time with his family, nice meals and making music in the recording studio.

He's known for being highly organised and knowing every aspect of leasing and sales. He's friendly and always up for a laugh, and his success means he works directly with key accounts within OSV to supply vehicles all over the UK.
Ashley Jackson

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