Car leasing - what you need to remember

Leasing a car is a big decision and there are some important tips to keep in mind when considering leasing your own vehicle.

As your trusted dealership group, we pride ourselves on delivering the best possible service to customers seeking a car on lease from Lookers. We will always give you the most suitable and relevant advice - but if you're still unsure, here are some tips to keep in mind.


You don't always have to pay a large deposit up front - The amount of deposit that you'll pay will vary depending on the type of lease or hire purchase that you choose. It will also be influenced by the make and model of car that you'd prefer. If your needs are more flexible, you can discuss with us first to ensure that you receive the best deal.


Keep your car insurance value in mind - All vehicles are subject to depreciation, whether new, approved used or leased in either case. Should your car be stolen or written off, the insurance payout at that time may not cover your total lease obligation. One way to protect yourself against this eventuality is to opt for gap insurance.


Make sure your mileage estimation is as accurate as possible - Many hire and lease agreements ask for you to confirm your projected mileage in the car. This figure is used to calculate your monthly payments. If the mileage you've actually covered by the end of the agreement is significantly higher, you could be liable for additional charges.


Maintain your lease vehicle as you would a brand new car - Wear and tear is a natural occurrence if you use a car for at least a year. However, if you return the vehicle with damage that would not be considered general wear, this may be chargeable. Make sure you're aware of what the lease-end requirements of your agreement are in terms of the car's condition and quality.


Choose a longer lease term in confidence - It's important to bear in mind that, with a new car lease agreement, a longer term could take your vehicle outside of the standard manufacturer warranty period.

Whenever you need advice and tips on car leasing, visit your closest Lookers dealership and speak with the team.

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