What is Leasing?

Contract hire, also known as leasing, offers exclusive use of a vehicle for a fixed period at a set monthly price based on expected mileage and hire duration. It's a cost-effective alternative to buying a new vehicle outright, with tailored quotes to fit specific budgets and needs. Initially, an initial rental is paid, followed by regular monthly payments. At the end of the contract, typically two, three, or four years, the car is returned without further obligations. Leasing provides predictable costs, fixed monthly payments, and the leasing company handles depreciation. Exceeding the agreed mileage incurs an excess charge outlined in the hire agreement.

**It's important to note that you will not own the car.

Advantages of Leasing

  • Flexible initial payments as low as 1 monthly rental, so you may not need to find a large deposit
  • Fixed cost motoring. Simply hand the car back at the end of the contract.
  • Road tax is included.
  • Optional maintenance packages allowing budgeting of servicing, maintenance and tyres on a monthly basis.
  • No depreciation or disposal risk.

Disadvantages of Leasing

 You must consider whether your circumstances are likely to change and whether the contract is affordable now and during the contract, as early termination can be expensive.

  • You will never own the car.
  • Excess mileage charges are payable should the car exceed the contract mileage.
  • Wear and Tear is still the responsibility of the lessee, just the same as if you were the owner. Please see our Fair Wear and Tear section for more information.
  • It may be difficult to lease a vehicle if you have a low credit rating.

What is included in my contract?

All of our lease contracts include the following:

  • Free UK mainland delivery*
  • Full manufacturer’s warranty
  • Road tax

*For some locations a delivery charge will be made, depending on address and vehicle manufacturer

What isn’t included in my contract?

  • Vehicle insurance, you will need to arrange fully comprehensive insurance for the duration of the contract.
  • Maintenance & Servicing. This isn’t routinely included in a leasing deal, though optional maintenance packages can be purchased. If you wish to discuss this with one of our consultants, please contact us.

Why Choose iCarLease?

If you choose us, our dedicated team of consultants will make sure your transition to iCarLease is as smooth as possible and we will work with you every step of the way from initial quotation right through to delivery of your new vehicle. 

For more information about the services we provide please contact us and one of our dedicated consultants will be happy to assist you.  

Fair Wear and Tear

At iCarLease, we understand that wear and tear costs can cause confusion and unwanted surprises, so we comply with the British Vehicle Rental and Leasing Association Fair Wear and Tear Policy. It is important that the vehicle is returned in accordance with the guidelines set out in the 'Fair Wear and Tear Guide'.   To view our Car Fair Wear and Tear Guide, please click here. To view our Van Fair Wear and Tear Guide, please click here.