Can I afford to lease a car?

The primary purpose of the compulsory finance check that is first up in our order process is to determine whether you can afford the lease deal you have chosen.

Fundamentally, your application is a means to provide proof that you can afford both the initial payment and the ongoing monthly fees. If you cannot prove that you have sufficient income to afford the lease vehicle you have chosen, whether through employment, benefits or pension, your finance application will be rejected.

Remember: you are unable to pay for your initial deposit via a credit card so you must have this capital visible in the account you are applying with.

This decision is not based on income alone and will also consider monthly expenditure. Therefore, if you have a high income but also have high monthly outgoings that leave insufficient funds to account for the proposed lease car, you will also be rejected.

If you can prove you have both the disposable income to cover the lease car you have requested and the funds for the initial payment, then your finance application is likely to be accepted.