How to lease a car with Carparison

Simple steps to take out a car lease with Carparison

Leasing a car through Carparison could not be simpler. We work with some of the best dealerships and funders up and down the country. This gives us access to a wide range of stock at incredibly competitive monthly prices.

Our job is to take the leg work out of your car searching process and our team of experienced leasing experts will do all they can to find the very best deal for you.

So how does it all work?

If you are interested in some of our personal car lease deals or business contract hire offers, follow these simple steps and you could be driving away with a brand new car in no time.

Step 1 – Check your credit rating 

The better your credit rating is, the easier it will be reaching an agreement with a lease funder. A poor credit rating does not mean that leasing is no longer an option for you, but it would require us to use alternative funders instead.

If you do have any concerns about your credit rating ahead of your application, there are a few things you can do to improve it. These can include enrolling onto the electoral roll, ensuring all personal bills are paid on time, as well as creating a joint account with a partner to link your credit scores.

Remember, failed applications could hamper your credit score further, so it is important to check it ahead of applying.

Step 2 – Plan your budget

Before approaching your next car lease, it would be a good idea to map out how much you are willing to spend each month on your car. The affordability of your desired lease will determine your application, so you need to be realistic about how much you can comfortably spend on your next car.

At Carparison, we offer flexible options when it comes to initial rentals and lease terms, which will both affect your fixed monthly payments thereafter. You can choose to pay between one and nine months initial rental at the beginning of your lease, while terms can last between 24 and 48 months.

Step 3 – Outline your needs from your next vehicle

Understanding what you need from your next car will help you and our leasing experts determine the best option for you. Is fuel efficiency a priority as you tackle a long commute? Do you need more luggage space for busy family life? We want to find a car that will fit all your requirements, without compromise, so it is important to outline what you truly need from your next vehicle.

This also ties into your desired budget, as you will need to agree to an annual mileage limit that could range anywhere between 5000 and 30000 miles a year. Your desired annual mileage will alter your monthly payments and you may be charged for exceeding your figure, so it is important to carefully assess how much you will be travelling during your lease term.

Step 4 – Choose your desired make and model

This is the fun part! At Carparison, we can offer you competitive monthly prices on anything from a Fiat 500 to a Tesla Model S and everything in between. Once you have outlined the exact requirements for your next car, our leasing experts can use all their experience to help you decide on the perfect make and model if you are still unsure.

Step 5 – Do you have a car to trade-in?

Our vehicle purchasing service can take away some of the stress of selling your old car. Simply submit your vehicle details, mileage, condition and our used vehicle valuation team will provide an honest and comprehensive price for your car. The settlement figure will be paid directly to you and could even go towards your new lease deal.

Step 6 – Pick your colour, trim and additional extras

Great! You have decided on the car that you want to lease. Now it is time to make it your own. You can choose from a variety of colour and interior trim options, as well as additional extras.

You may want to take out our maintenance package, which can easily be added to your monthly payments. This takes some of the stress out of your driving experience as it covers your future scheduled services and MOTs. The added protection also covers any tyre changes and perishable items such as batteries, exhausts, wiper blades and cam belts.

Step 7 – Begin your application 

Now that you have decided on your car, you can begin your application and here you will need to submit various details about yourself and your affordability. You will be asked to submit details such as your age, driving license restrictions and your proof of affordability. Your employment history and bank details will also be required.

If you are applying for a business lease deal, some of the details included in your application will differ. Businesses will need to include details such as industry sector, the age of the business as VAT number, which will all be clearly outlined in your application.

This helps the lease funder build a picture of yourself and your ability to complete the monthly payments.

Applications can be submitted online, via email or over the phone and our team will be on hand to help if you require any further support.

Step 8 – Complete your formal offer form

Once you have completed the initial lease application, your details will be submitted to the lease funder, who will carry out their checks before deciding whether to approve or decline the application. Traditionally, this can take up to 24 hours and your leasing consultant will keep you up to date.

If your application is approved, you can complete and return a formal offer form that will allow us to place the order for your new vehicle. If your car is a stock vehicle, delivery can be as quick as 7-10 days after the order form was complete. However, if the car is factory built, delivery times can vary.

Step 9 – Take delivery

The moment you have been waiting for. It is time to drive away in your lovely new car, but there is one last piece of work for you to do. Your hand-over period is a fantastic opportunity for you to get to grips with your new car alongside the delivery driver, who will be on hand to help introduce you to the vehicle (COVID-19 complaint).

You must give the car a good inspection upon delivery. While we are confident every car will be delivered in pristine condition, if any damage or scuffs go unnoticed, you may be liable for this at a later date.

We can arrange to have the vehicle delivered to your home or place of work, whichever is easiest for you. Now it is time to enjoy your new car!

If you are interested in any of our personal lease deals or business contract hire offers, get in contact with our team of leasing experts who can find the best car for you.