What is Car leasing?
Car leasing is essentially a long-term rental agreement for a car lasting up to two, three or four years.
You’ll pay a fixed monthly fee for the length of the agreement and once this contract ends, you’ll hand the car back to the leasing company. It’s as simple as that!
How does Car leasing work?
Before driving away, you’ll have to agree with the car leasing company on your preferred contract length - how long you’d like to lease the car for. You’ll also have to decide on your annual mileage amount - how many miles you think you’ll cover over the course of your contract.
After you’ve agreed on your contract and arranged payments, you’re then free to drive away in your brand-new car.
What is Personal Contract Hire (PCH)?
Personal Contract Hire, or PCH, is another way of saying car leasing. But it’s for your own personal use rather than for business. You don’t own the car when you take out a PCH deal, you enter a long-term rental agreement, like if you were renting a property.
Once your contract is up and you’ve returned the car to the leasing company, you’re free to take up a brand new PCH deal and lease a completely new car.
What’s the difference between business car leasing and personal car leasing?
Business car leasing, otherwise known as business contract hire or BCH, is a long-term arrangement that allows a business to lease a car.
Much like Personal Contract Hire, a BCH agreement is paid with a fixed monthly cost over a set number of months. The terms are agreed beforehand by the car leasing company and the business.
The pros and cons of Car leasing
How does car leasing work with Confused.com and Leasing.com?
We’ve teamed up with car leasing experts, Leasing.com, to offer the best possible service when comparing and buying car leasing deals. Car leasing with Leasing.com is simple and straightforward:
Choose your car and plan
Compare leasing offers on any car make and model. You can also tailor your plan by adjusting your monthly payments to suit you and by choosing your desired mileage limit and length of lease. Perfect if you’ve got a monthly budget you’re looking to stick to.
Visit your chosen lease advertising partner
Once you’ve chosen your leasing deal, you’ll then have to transfer to the advertising partner providing the lease and car. Don’t worry, our trusted partners will make sure you get through to their site securely and safely.
Wave goodbye to buying
The leasing partner will keep in touch and help you place your order. They’ll also keep you updated on the progress of your car, leaving you worry free.
What happens at the end of my lease?
At the end of your lease deal, you’ll have to return the car and the keys to the leasing company. The leasing company will check the car’s mileage and general condition.
If the car is in good condition and you haven’t gone over your agreed annual mileage limit, there should be no further charges to pay. After which you’re free to lease a new car without worrying about what to do with your old one!
Car leasing FAQs
You will not own the car at the end of the contract hire agreement. Eligibility criteria and terms apply.
Inspop.com Limited t/a Confused.com is authorised and regulated by the Financial Conduct Authority (FRN: 310635) for consumer credit broking. We are introducing you to Leasing.com Group Limited t/a as Leasing.com who are also authorised and regulated by the Financial Conduct Authority (FRN: 658976). Leasing.com are a credit broker and not a lender and will introduce you to companies offering contract hire and other credit brokers.
Confused.com will receive a flat fee for each referral made to Leasing.com