A side view of a charcoal grey executive hatchback car. The front 20% has a pink background, representing the deposit. The rear 80% has a blue background, representing the monthly repayments.

Car Leasing

What is Car Leasing

Car leasing is a financial agreement between an individual or business and a car leasing provider, that allows daily use of a vehicle for personal or business use over an agreed term. During the term of the agreement the individual or business pays a fixed monthly amount and the vehicle is returned back to the leasing provider at the end of the agreement.

As the car is effectively rented from the leasing company, the responsibility of the vehicle remains with the leasing company, so the downside of owning a vehicle, such as road tax tax, depreciation and selling the car is of no concern to the user. Furthermore, a rolling service package can be included in to the monthly payments to cover all servicing, maintenance and breakdown costs. It's an ideal finance method for anyone looking for that all-inclusive car finance package to drive a new or nearly new car at a lower monthly cost.

Car leasing is the option of choice for many who hold an excellent credit rating. The key advantages are that the user gets to enjoy lower monthly payments for a new or nearly new car that can be changed every few years. Those who don't quite have an excellent credit rating can get a similar arrangement with a PCP finance deal.

Get Car Leasing with Creditplus

Unlike other leasing providers, Creditplus offer car leasing finance on nearly new cars as well as brand new cars. Our customers often find this to be very cost effective because a superior model and better equipped car can be included for the same monthly cost.

Creditplus offer leasing deals for both individuals and businesses alike, with our highly competitive personal car leasing (known as Personal Contract Hire) or business car lease (Business Contract Hire) plans to choose from.

Apply for Car Leasing today, and receive an instant decision.

3 steps to get Car Leasing

Step 1:

Find your car - see our range of top car lease deals. Choose the car you would like and then click on 'Get Started' to complete your details and apply.


Step 2:

Discuss and agree on your car choice, affordable monthly payments, agreement term and mileage limit with your dedicated finance consultant.


Step 3:

Receive your new car at your chosen address fully detailed and ready to drive.


Apply for Car Leasing

Why Car Leasing and not PCP

Monthly cost is generally cheaper with leasing, compared to a personal contract hire (PCP) financing option, as car leasing is usually only available to customers with an excellent credit score. However, unlike PCP you don't have the ability to buy the vehicle at the end of your finance agreement.

Because of the option to purchase at the end of the agreement, PCP differs from a Personal Contract Hire (PCH), which is a personal rental scheme only, with no option to purchase the vehicle at the end.

When leasing a car you are effectively renting the vehicle, so although you get to keep the vehicle and use it day-to-day, it is still owned by the leasing company and you must return the car at the end of your agreement. 

Essentially, car leasing is a great option if you like to change your car regularly, while keeping monthly costs low.

Apply Online Today for a no obligation quote, without affecting your credit score.

Why choose car leasing?

Low initial outlay

Drive a newer car within your budget

Fixed monthly payments for easy budgeting

Tax deductible expenses for business

Optional maintenance cover can be included

Car Leasing options

Personal Contract Hire (PCH)

PCH is designed for individuals looking to lease a car for personal use, over an agreed period. Your monthly payments are calculated based on the length of your contract and your Annual Mileage is agreed upfront. PCH offers a car leasing maintenance option, which covers breakdown, service and maintenance. At the end of the agreement you simply return the vehicle to the lender, with nothing further owing (subject to excess mileage and return conditions).  


Business Contract Hire (BCH)

BCH is a business car loan designed for companies looking to lease a vehicle over an agreed period. With BCH you enjoy all the benefits of personal car leasing, with the added benefit of tax-deductible expenses.

Whether you’re a limited company looking for company car leasing options for employees, or a sole trader looking for a single commercial vehicle lease, we can help you find the right finance solution to drive you and your business forward.

Apply Today to discuss your car leasing options with a car finance specialist.


Car Leasing finance example

Image of a charcoal grey executive saloon. The rear 20% has a pink background, representing the initial payment. The front 80% has a blue background, representing the monthly repayments. A coloured line below the image is 20% pink initial payment, 80% dark blue monthly repayments, showing how the price of the vehicle is broken down across the agreement.

Rates start from 9.9% APR.

Representative example: borrowing £7,500 over 48 months with a REPRESENTATIVE APR of 24.9%, an annual interest rate of 24.9% (Fixed) and a deposit of £0.00, the amount payable would be £238.10 per calendar month, with a total cost of credit of £3,928.80 and a total amount payable of £11,428.80.

Rates may differ as they are dependent on individual circumstances. Rates from 9.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status. 

Apply Online Today for your free no-obligation quote.

Terms and conditions apply. Subject to status, application and credit acceptance.

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Car finance you can trust

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My second experience with Creditplus and once again a seamless and professional service.

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