Car Leasing Deals and Offers
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Our top lease deals for November...
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Speed up the process of your car leasing journey and check your eligibility - with no impact on your credit score!*
*Rates from 12.9% APR. Representative APR 13.9%. We are a credit broker, not a lender.
Electric and hybrid car leasing
We’re planning for the future, which is why we offer a range of electric and hybrid lease cars at excellent rates.
The electric and hybrid car industry is still young, with constant development and innovation. That’s why many drivers are choosing to lease, as they get to try the latest technology without the expense and commitment of buying an electric vehicle.
We have various makes and models available, from the latest Tesla models to the Nissan Leaf and the Peugeot Partner Electric, so you can find an electric car that meets your needs.
View our electric car lease deals or find out more about hybrid car leasing.
Frequently Asked Questions
Help DeskWhat is car leasing?
When you lease a car, you’ll have it for a set period of time, usually 2-4 years. When that set period ends, you give the car back. You never own the car, and there’s no option to buy it at the end of the deal like there is with a personal contract purchase (PCP) deal. You also pay an initial rental payment at the start of your contract. At the end of the lease, you return the car without owning it. You can then choose to extend the lease or lease a new car.
How does leasing a car work?
Your typical leasing deal consists of an initial payment (deposit) followed by a series of fixed monthly payments for the length of the deal you agreed to. The initial payment is usually a larger sum than the monthly rate, but you’ll find lease deals that don’t require one at all (take a look at our no-deposit lease deals). Generally speaking, the larger your initial deposit, the lower your monthly payments will be.
The cost of your lease is based on the difference between the car’s value when new and its expected value at the end of the agreement. There’s no large balloon payment at the end of the deal like with PCP. You simply pay your last month and return the keys at the end of the deal. It’s up to you what you do after that—you can get another lease or purchase deal or walk away entirely.
Lease deals come with limits and conditions as part of the contract. Your typical lease deal comes with an annual mileage limit and the expectation you’ll keep the car in good condition, permitting for fair wear and tear.
Find out more about how car leasing works in our easy-to-understand guide.
Who can lease a car?
Almost everyone is eligible for a lease car if they meet specific criteria, including being at least 18 years old, possessing a full UK driving licence, and passing relevant credit checks. Documentation such as photo ID, proof of address, and employment details will be required during the lease application process.
Why choose car leasing?
Leasing is often cheaper than buying a car outright. It offers lower upfront and monthly costs, and you don’t have to worry about depreciation or road tax. Leasing is ideal if you like driving new cars and don’t want to own one long-term.
Is it better to buy or lease a car?
Is leasing worth it? The question of leasing vs buying really depends on what you want from your next car.
Leasing typically offers you lower upfront and monthly costs than buying and greater flexibility. In simple terms, that means you can get more car for your money and keep upgrading the car you’re driving every few years. It’s the most accessible way to drive a brand-new car – or get a cheap deal on driving a used one – on a simple, fixed-cost monthly plan. Plus,
because you don’t own the car, you don’t need to worry about things like resale and depreciation down the line.
That doesn’t mean leasing is always the best move, however. Buying typically presents better value if you want ownership of a vehicle and plan on keeping it for a long time. You’ll be able to recoup some resale value when you want to get rid of the car, and you won’t have any contractual obligations as you do with leasing (things like mileage limits and vehicle condition expectations).
The good news is we’re transparent with our advice. If you speak to one of our expert account managers about buying vs leasing, we’ll be honest about what the right deal for you is. In fact, we might even be able to point you in the direction of a great purchase (PCP or HP) deal if we think that’s your best move.
What will my car lease contract cover?
Typically, car lease agreements encompass road tax, a manufacturer’s warranty and free doorstep delivery. However, you must arrange for insurance separately, as the car will be registered in the leasing company’s name.
Can you lease a used car?
You can – we offer great deals on new and used car leasing. Leasing used is a great way to save money and get an even cheaper deal on your next car. And don’t worry; you can lease a used car from us with absolute confidence.
All of our used options are approved used and covered by our used car promise – that means they’ve gone through and passed our 130-point inspection and are protected by a three-month warranty and 14-day money-back guarantee (check our terms and conditions for more info on our warranty and money-back guarantee).
What’s the difference between business and personal car leasing?
Personal car leasing is for individuals, and the lease is under your name. Business car leasing is for companies with the lease under the company’s name. Business leasing requires additional documents like bank statements and audited accounts, allowing you to reclaim VAT on lease payments.
How much does it cost to lease a car?
Leasing costs vary depending on the car, lease term, and mileage. Monthly payments can start from around £150 for smaller cars and increase for luxury models. The cost of your lease, both in terms of total cost and how that cost is spread, depends on various factors:
- The car you choose: this has the biggest impact on the cost of your lease. You can lease anything from a budget city car to a luxury SUV or borderline supercar. Naturally, the differing value of the vehicles available means the spread of potential lease costs in the market is massive.
- New vs used: leasing a used car is a great way to get a really cheap deal. Of course, you’ll pay more to lease a new vehicle.
- Initial rental: the bigger the initial payment you put down against your lease, the lower your monthly payments will be. You’ll have paid off more of the total lease cost sooner. You can often choose how to split payment between deposit and monthly rate, including opting for a no-deposit lease deal and paying your entire lease via monthly instalments instead.
- Length of term: the length of your lease contract will define how the cost is spread. So, the longer your lease deal, the more spread out your total lease cost will be, and therefore, the lower your monthly repayments.
Take a look at our latest cheap car leasing deals.
How do I get the lease car?
Your leased car will be delivered directly to your door. Delivery time depends on whether the car is in stock or needs to be sourced from the manufacturer, ranging from a few weeks to several months. Our expert team will be able to advise you on arrival times and keep you updated every step of the way.
How do I pay for the lease car?
You pay for the lease car in monthly instalments, with an initial payment due before the monthly payments start. The initial payment can vary and is usually equivalent to several monthly payments.
Is a lease car mine? Do I own the lease car?
No, you do not own a leased car. The leasing company is the registered owner, and you are the registered keeper. You use the car under a long-term rental agreement.
What type of cars can I lease?
Fancy getting behind the wheel of a new or used SUV, hatchback, saloon, city car, or even a convertible? When you lease a car with Hippo Leasing, you can choose from a wide range of models and flexible financing options.
Choose from our range of fantastic deals and cost-effective payment options. Explore the most recent models from top manufacturers such as BMW, Audi, Land Rover, and Ford, or check out cutting-edge electric lease deals and experience top EV brands such as Tesla and Polestar.
Does your credit score affect car leasing?
Yes, a good credit score is usually required to lease a car from most lease brokers, with a poor credit score limiting your options and resulting in higher monthly payments. However, we offer a wide range of flexible options for customers from all credit backgrounds, meaning that a less-than-perfect credit score won’t stop you from leasing a new or used car.
Can you lease a car with bad credit?
Yes! We’re bad credit specialists and big believers in the idea that everyone should be able to get a great lease deal on a car they love. We work with customers from all credit backgrounds and use a diverse panel of lenders to ensure we deliver the best possible prices for all.
If you’re worried about bad credit or not having a deposit to put down, give us a call and let’s see if we can help you out. You can find out more about bad credit leasing here.
Is car leasing different from a PCP?
Yes, PCP (Personal Contract Purchase) allows you to buy the car at the end of the term with a final balloon payment. Car leasing, or PCH (Personal Contract Hire), is like renting, and you return the car at the end of the lease without an option to buy.
What happens at the end of a lease agreement?
At the end of your lease, you return the car. The leasing company will inspect the car for damage and mileage. General wear and tear is expected and won’t incur additional costs. The car is usually collected for free, and you can arrange for a new lease car to be delivered simultaneously.
Is there a charge for exceeding your annual mileage?
Yes, exceeding your annual mileage limit will incur additional charges, usually calculated per mile. You can often extend your mileage allowance during the lease to avoid these charges.
Do I need to arrange insurance for a leased car?
Yes, fully comprehensive insurance is required for the duration of the lease. Consider gap insurance to cover any shortfall between the insurance payout and the lease value if the car is written off.
Am I responsible for repairs on a leased car?
If you’re leasing a brand-new car, you probably won’t need to MOT it, as new cars don’t require an MOT test for the first three years. If you’re leasing used, you’ll be responsible for getting the car tested if it’s over three years old.
As for repairs, it’s your responsibility to ensure the car is taken care of and serviced regularly, so you’ll be liable for any faults or damage along the way.
Can I give the car back before the lease agreement ends?
You can end a lease early, but it may incur significant fees. Check your lease agreement for details on early termination penalties, or contact our team to discuss your options.
Can you put a private plate on a leased car?
You can, but because you don’t own the vehicle, you’ll need to speak to the finance company providing the lease to get permission, as it’s the vehicle’s registered owner. That’s not us, by the way. We’re a credit broker, not a lender, so the lease is financed by a separate company. We can put you in touch with them if you want to make a plate change.