Is leasing right for you?

Deciding whether to lease, finance or buy a car is a big decision. We are here to help you find the option that works best for you.

What options are available

When considering getting a new car, you should consider the options that are available to you. The most common options are outright purchase, financing and leasing.

We'll explain each of these in more detail, and we have a number of other guides that will be useful to take a look at before you make a decision.

Before we explain the options, if you're looking to drive an EV, Salary Sacrifice might be the best option for you. Read more about this on our Salary Sacrifice page.

Things to know

You do not own the vehicle and must hand it back at the end of your lease term.
You must pay an upfront payment and a fixed monthly lease rental for your lease term.
You need to select your upfront payment, lease term and annual mileage allowance for your vehicle, which will determine the fixed monthly cost.
You can include a maintenance package covering routine servicing and tyre replacements.

Drive a brand new car with the latest technology.y
Lease monthly costs are typically much lower than financing a vehicle via a loan or PCP (Personal Contract Purchase) agreement
Access to a broader range of cars for your budget, where you can take advantage of special offers from leasing companies or vehicle manufacturers
Fixed monthly costs allow you to manage your budget more effectively
As the vehicle is new, it will be under manufacturer warranty

Setting your annual mileage allowance is essential. If you go over, you will have to pay excess mileage fees, but if you're much under, you'll be paying for miles you're not using in your monthly fixed rental
You must insure your vehicle and ensure it remains roadworthy at all times
If you damage your vehicle, you may have to pay for it at the end of your lease if you do not rectify it before handing it back.

Find out more

The following guides will give more information on leasing, and also how Citygate Leasing can help you secure the best deal through our brokerage service.

How to choose the right car lease for your needs

Making car leasing simple.

What is a broker?

Learn about what a broker is and why it can help you.

Leasing glossary

Get to know all the key leasing terms