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What is a vehicle lease?

What car leasing is? Have you heard of vehicle leasing? 

Maybe you have considered leasing your next car but don't quite know how a lease works. In this video Ben from Red Kite Leasing, explains what a vehicle lease is and what is included.

A vehicle lease is a long term agreement where you have posession of a car or van for a period of time. The time lengths of a lease are typically 2, 3 or 4 years, but there are also shorter options available, which you may have seen on our website, starting from 1 year. The prices tend to be slightly higher on a year long lease, as they are quite specialist and not as common. 

A lease includes your road find license for the full term of the agreement, saving you money and the hassle of renewing it. You also have the option to add a service, tyres and maintenance contract, which means that you are able to plan the cost of your motoring for the life time of the vehicle. The only other financial considerations you need to make are your insurance and fuel expenses. 

To get started, you will need to have a quote put together and this is created from three pieces of information. We will need to know, how much initial payment you plan to put in, how many miles you will be driving per year and how long you would like to lease the vehicle. We will apply this information to your chosen vehicle and from there you have a quote, which you can then choose place on order if it is correct for you. 

If you have found our video and guide helpful and would like to explore the leasing options available to you. Please take a look around our website or get in touch and we will do everything we can to help you find the right vehicle for you.

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15th of January 2020

Red Kite Leasing are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 820084

Registered in England & Wales with company number : 11524129 | Data Protection No : ZA481018 | VAT No : 329 9485 49

Registered Office : 73 Newland, Witney, Oxfordshire, OX28 3JW

Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.

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