Car Leasing
A perfect solution for those who don't want vehicle ownership
- Change cars easily every few years
- No depreciation concerns
- Search 100s of deals at Stoneacre Leasing
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Car Leasing at Stoneacre
For one reason or another, not everyone has the need to own the car they drive, and fortunately, there is a perfect product to cater for that - car leasing.
Much like renting a house, leasing a car allows you the flexibility of having the use of a vehicle, but being able to change it with ease come the end of the contract.
Not only that, but leasing a car means you never have to worry about a vehicle’s depreciation, as you’re just handing the car back when the contract ends and you don’t need to be concerned with what it’s worth.
How does car leasing work?
How leasing a car works is a fairly straightforward process, and is similar in some ways to other finance packages, though it does have its differences, too.
The principal nature of a car lease is that you are effectively paying for the use of the car, rather than to own it outright. This brings about a few advantages to people - predominantly the ability to swap cars easily every 24-36 months.
Like many packages to finance a car, you start with a deposit - or in this instance, an Initial Rental - which is calculated by the combination of so many Monthly Payments; typically three, six or nine of them make up the Initial Rental.
This is then used to make up what is called the car lease’s Profile: the amount of upfront payments + how many Monthly Payments will follow.
Profile Example: if a car lease deal’s Monthly Payment was £300, and the Initial Rental was made up of three Monthly Payments, then the Initial Rental would be £900 (3x £300).
If this example deal had a total of 35 Monthly Payments, the Profile would then be 3 + 35.
Car Lease Deal - Working Example
Initial Rental: £1,794 (6x Monthly Payments)
Monthly Payment: £299
Number of Monthly Payments: 35
Profile: 6 + 35
Annual Mileage: 8,000 (24,000 total contract mileage)
Excess Mileage Charge: 4.5 pence per mile
Car Leasing Calculator
Through our sister website, Stoneacre Leasing, you’ll not only find 100s of offers across a plethora of makes and models, but you’ll also discover the car leasing calculator.
On each car offered on a car lease, you’ll be able to fully customise your deal through our interactive calculator.
The calculator includes everything you’ll need to build a deal: Contract Length; Initial Rental; Annual Mileage; and even the ability to add a Vehicle Maintenance package.
Through the calculator, you can set up a deal that suits you down to the ground, and all costs are visible before you commit to any lease deal (although the Excess Mileage Charge may not be available right away).
Happy with what you see? Then feel free to apply for the deal, or you can get in touch with our dedicated leasing specialists who can help with anything you might need.
Benefits to car leasing
Leasing a car can bring great value for money, as well as a package to make life easier.
Car leasing considerations
Car Leasing FAQs
