Best car lease deals
Our pick of the best leasing deals in the UK: low monthly payments including the cheapest deals we've found on cars and SUVs
Lease deals are generally the cheapest way to drive a brand new car, with low monthly payments and none of the hassle of owning a vehicle. It may mean that you can afford a better car than you expected.
Leasing is a form of long-term car hire and is also known as Personal Contract Hire (PCH). It's usually flexible, so you can adjust the initial payment, contract length and mileage limit. You will normally be billed extra if you exceed the mileage limit or the car is returned damaged.
For more flexibility, or to finance a used car, then you should look at Personal Contract Purchase (PCP) agreements. These include the option to trade the car in for a newer model, buy it outright or simply hand it back at the end of the term. You can also spread the cost of buying a car with Hire Purchase (HP). For more information, see our guide to buying a car on finance.
Alfa Romeo
PCH is often available on the whole Alfa Romeo range, including deals on the Alfa Romeo Tonale, new Alfa Romeo Junior Elettrica - including home charging point discounts, Alfa Romeo Giulia and Alfa Romeo Stelvio models. Find out more on these deals
Audi
Audi offers leases through VW Financial Services and deals are updated frequently. Popular EV and petrol or diesel models are always available, and often in the most desirable specifications. Find out more on these deals
BMW
BMW has recently slimmed down its range on PCH, first offering just its high-end models and now taking a break. However, it's worth checking back as deals may emerge. Find out more on these deals
Citroen
Citroen often runs PCH deals which frequently see the initial rental match the monthly cost, making this an affordable way to get behind the wheel of a new C3 and more. Find out more on these deals
Cupra
Cupra offers leasing deals through VW Financial Services, and frequently has competitive rates for both its range of electric cars and its popular hatchback and SUV models. Find out more on these deals
Dacia
As with its cash prices and PCP deals, Dacia also offers competitive PCH across its range, including the new Spring EV if you're planning on going electric on a budget. Find out more on these deals
DS Automobiles
All DS models are available for lease, with deals likely as the firm renews its range throughout the coming year. Find out more on these deals
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Fiat frequently offers good value leasing deals across its range, often with low initial rentals and monthly payments, making it worth a look if you're working to a tight budget. Find out more on these deals
GWM
The GWM Ora 3 range is available to lease at competitive terms, and this should be the case with the firm's forthcoming models beginning with the GWM Ora 07. Find out more on these deals
Jeep
The Jeep range is available on PCH, with competitive deals often available when new models launch. Find out more on these deals
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Land Rover offers PCH across the range, so if you're looking to get behind the wheel of a Discovery, Discovery Sport or Defender, check out the link below. Find out more on these deals
Mazda
Mazda offers a ever-expanding range of models on PCH, so it's well worth checking out the most-recent selection available. Find out more on these deals
Polestar
Polestar offers leasing on all its models, albeit sometimes select specs within ranges. However, due to the firm's curated approach to trims and colourways, they're all classy options. Find out more on these deals
Range Rover
All of the Range Rover family is available on PCH, from the Evoque and Velar to the Sport and full-fat Range Rover itself. Find out more on these deals
Renault
PCH is available across the Renault range, but on a limited number of trims and specs of cars. Renault also offers subscription for those looking for an even more convenient way to drive. Find out more on these deals
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SEAT offers leases through VW Financial Services and deals come and go regularly on models across the range. Check frequently for your desired models and trim to pop up. Find out more on these deals
Skoda
Skoda offers leases through VW Financial Services, and all models generally are offered. However, some models and specs are less regular than others, so patience may be required to get your dream deal. Find out more on these deals
Subaru
Subaru offers PCH on all of its models, including the Outback, Forester and Solterra EV. Find out more on these deals
Tesla
As a US brand, where leasing is more common, it's no surprise that Tesla offers competitive PCH on its models. Find out more on these deals
Vauxhall
Vauxhall offers some of its models with PCH, but not always regularly. It's worth checking the page below to see which cars are available to lease right now before setting your heart on a particular car. Find out more on these deals
Volkswagen
VW currently offers leases through its VW Financial Services arm, with a range of different models being available. Don't hang around, however, and cars and specs change often. Find out more on these deals
Volvo
Leasing deals are available across the Volvo range. This was recently overhauled, too, making the terms and prices more competitive, which is good news if you're after a decent PCH deal. Find out more on these deals
Should I lease a car rather than buying one?
Leasing - or hiring - a car means that you will be driving a new car that you get to change as frequently as every year, depending on your deal. That means you’ll always be driving a car that meets your needs and available budget, and, as leases are generally only offered on new cars, a vehicle that includes the latest fuel-saving tech to keep running costs down.
Once the deal is over, you’re also free to walk away without having to worry about the car’s depreciation, or finding someone to sell it to either. A finance deal also means your costs are fixed each month, allowing you to better plan your finances. Most deals include things like road tax as standard, and you can usually add maintenance packages for a fixed fee, further helping you to keep control of your monthly spend.
What happens if I exceed the agreed mileage when I return the car?
When you sign your lease agreement, your monthly payments will be influenced by how many miles you plan to drive while you have that particular car. It’s worth putting some serious thought into this to ensure that you have enough flexibility in your lease deal to drive the miles you need to without incurring excess mileage costs.
This figure will be in your lease agreement as a charge per mile, usually around 10p per mile but can be significantly more. It’s worth getting in touch with your lease provider as soon as you realise you’re driving more than you thought to mitigate any extra mileage fee.
Can I leave my car lease deal early?
Cancelling a lease is usually possible. However, while circumstances do change unexpectedly and there’s no other option, cancellation is something you should think long and hard about doing as it’s often expensive.
These deals are not meant to be broken after all. There will usually be some sort of cancellation fee, and you won’t get any money back that you’ve already paid. You are also not permitted to pay off your remaining car lease early, as the lease agreement binds you to making those monthly payments on schedule.
What's the difference between PCH and PCP?
Although not to be confused with Personal Contract Purchase (PCP), which uses financing to help you buy a car, PCH works in a similar way. You pay an initial payment, which is often a multiple of the monthly rental cost up to around 35%.
Monthly payments will then be calculated, depending on the size of the deposit and length of the hire agreement. At the end of the lease, you give the car back, simple as that - no balloon payment to consider as with a PCP.
If you want the convenience of driving a new car and have no interest in owning it, then PCH makes sense, as the monthly payments tend to work out cheaper than PCP on a new car. However, if you’re after a little more flexibility and might want to buy outright, then consider the PCP option instead.