Our guide to finding the best lease deal for your new car, van or commercial vehicle
Price is unsurprisingly (and quite justifiably) a primary concern for many of us when looking for a new car. Most importantly is the reassurance that we have the best possible lease deal for the vehicle we have chosen. Because why should we pay more than we have to?
The one exception to this rule comes with the assurance of customer support levels. When great customer service is guaranteed we are sometimes willing to pay slightly more for the same product. Luckily, as our customer reviews and gold standard service award attests to, market leading pricing and customer service are both areas we have covered. But don’t just take our word for it.
Carparison have a dedicated pricing team who work with funders and dealerships nationwide to source out the best possible lease deals so you don’t have to, many of which are exclusive only to us. Nevertheless, we understand the desire to compare lease prices from various suppliers in order to be absolutely sure that you get the best price.
With millions of potential deals up for grabs, how do you sift through the noise to find your perfect lease vehicle at the best possible price?
Our guide to finding the best lease deal consists of the following four steps:
A vehicle lease is designed to be customisable to the needs of the person undertaking it. As well as choosing your exact car and specification, you can choose between different term lengths, initial payments, annual mileages, and add-ons like maintenance or insurance.
There are logical structures to the way lease pricing will work; an example being that longer lease terms will produce a smaller monthly payment as depreciation slows over time yet the total cost is split between more months. Equally, the higher the annual mileage, the more the lease is expected to cost as mileage is directly linked to vehicle depreciation.
However, because of the way our team can negotiate unique special offers, this logic may not always apply. You therefore might find that a lease deal for three years is less per month than one over four. Or that a lease deal on 10,000 miles is actually cheaper than a lease deal on 8,000 miles. This is because it is possible that a funder with the strongest rate only offers a 10,000 minimum mileage or three year term.
If you have the option to be flexible on any areas of your lease, we would encourage you to ask your Leasing Consultant if there are any preferential terms. This may create a saving or allow you to get more for your money where you otherwise wouldn’t have considered it. It will also save you masses of time compared to searching each and every possible variant for yourself.
It is easy to become distrustful of an advisor in a sales environment telling you that there are only a small number of your chosen cars remaining. However, unlike conventional dealerships that can be limited by physical location, the online vehicle lease market moves incredibly quickly. if you are told by your Carparison Leasing Consultant that stock is moving fast, or there are only a certain number of vehicles remaining in your chosen specification, this will be the case.
Contrary to the typical stereotype, it is our commitment to effectively communicate current stock levels with you at all times. This is to support our mantra of transparency and to ensure you are not led to disappointment due to our omission of information. We will absolutely not be doing so to add fictional urgency. When small numbers of stock are available or if your particular choice is an especially limited or popular one, we will let you know.
Registration timeframe restrictions can also impact lease deal validity. It is common for us to secure specific discounts on vehicles based on registrations within a certain timeframe. For example, a discount may apply on lease deals registered and delivered before the end of the month. If this timeframe passes, the discount will not be valid and therefore the price of the lease deal will increase once again. If any relevant restrictions of this nature apply to your chosen lease deal they will be made clear to you by your Leasing Consultant in order to inform your considerations.
We are only able to order a vehicle having secured finance approval. This process can take up to and over 24 hours to complete and the leg work is dependent on the funder rather than ourselves. For fairness, we place vehicle orders on a first come, first served basis following finance approval and there is no negotiation to the contrary.
Therefore, if you have found your perfect lease deal, our advice would be to make sure you don’t delay in sending in your finance application and risk missing out on securing your lease vehicle of choice.