Car leasing advice
Getting a new car can quickly become an expensive headache. Manufacturer finance packages are sometimes hard to understand, there are APR rates to consider, and then there’s the optional final payment. This is a lump sum you need to pay at the end of the agreement to own the car, assuming you’ve gone with PCP and not HP.
Confused? Well if you are, leasing, also known as Personal Contract Hire (PCH) or personal car leasing could be for you. Car leasing does away with APR rates and optional final payments and is essentially a long term hire agreement. If you lease you won’t be able to buy the car outright.
There’s an initial payment, sometimes a processing fee, then there’s a set of fixed monthly payments. You set an agreed mileage limit per year. And that’s it. You simply return the car. In most situations, you don’t have the option to buy the car.
Compare and select the best car lease deals and special offers on Parkers and get a shiny new car delivered to you nationwide.
Further advice and help
We think that the following sections may also be of help:
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Best hybrid cars to lease 2025 - clean, green efficient cars on financeChoosing the best hybrid cars to lease in 2025 is a tough ask. But it wasn’t always this way. When hybrids first shot into the limelight in the UK, choice... -
Compare the best new car deals | Parkers Deal Watch (w/c 30 Dec 2024)Welcome to Parkers Deal Watch. On this page, you’ll find a selection of the best new car deals to sink your teeth into. This page covers both personal car leasing... -
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What is Personal Contract Hire (PCH)?Personal contract hire (PCH) is a form of car finance deal that works much like a long-term rental. You pay a deposit, make a series of monthly payments and, when... -
Best electric cars to lease 2025 – all of the monthly plug-in winnersHere at Parkers, we’ve been monitoring the changes in the public’s buying habits for decades. And as obvious as it sounds, electric cars really are becoming the norm for many. Which... -
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Cheap leasing deals: the best cars for £100-ish per monthCheap leasing deals are hard to find in 2024. The price of, well, everything skyrocketed last year – and the market hasn’t yet recovered from the trauma. Affordable car leasing... -
Short-term car lease: is a 3-24 month deal worth it?Car finance is simply enormous. Around 90% of new cars are financed in some way. Personal Contract Purchase (PCP) is popular, while there’s also Hire Purchase (HP). However, these methods normally tie... -
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Should you lease or buy a car?State-of-the-art smartphones, e-scooters and even individual TV episodes are among a growing list of things you can rent in 2023. But in today’s economy, should you lease or buy a... -
No deposit car leasing explainedNo deposit car leasing deals are an easy concept to grasp. You get to lease a new car without having to put any money down. It’s a simple enough concept but... -
How does leasing a car work?It’s an age-old question: how does car leasing work? It’s quite simple: stump up an initial payment (sometimes referred to as a deposit), choose the best car deal, follow it... -
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The best automatic cars to lease 2023The age of the manual gearbox may well be over. Cars with two pedals are taking an ever-larger share of sales in the UK, so when looking for the best... -
The best electric cars for £300 per monthAre you shopping around for new car deals and thinking about making the switch to an electric car? You’re not the only one: EV registrations have skyrocketed in recent years,... -
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Used car lease deals: less money, less valueHave you been tempted by a used car lease deal lately? Going secondhand certainly sounds like a good idea to tackle the cost of living. New car depreciation levels can be... -
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Long-term car leasing: everything you need to knowDrivers are really switching onto the idea of leasing, rather than buying, as it offers a simple and flexible way of driving a new car. Long-term car leasing takes away some... -
Most popular articles
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Compare the best new car deals | Parkers Deal Watch (w/c 30 Dec 2024)Welcome to Parkers Deal Watch. On this page, you’ll find a selection of the best new car deals to sink your teeth into. This page covers both personal car leasing...
-
The 13 best car deals for less than £300 per month in 2024In the market for a deal on a new car? If you can stretch to £300 per month, you’ll have a veritable treasure trove of finance deals. The sheer number...
-
-
The 13 best cars for £200 per month - your best PCP and PCH choices in this competitive price sectorYou’re not the only person looking at cars in the best cars for £200 per month range – this article is among the most popular in our suite of new car...
-
The nine best cars for £500 per monthHalf a grand, a monkey – £500, in other words – is a good chunk of change to spend on a car every month. And if you like the finer...
-
The best cars for (about) £150 per month - the cool cars you CAN afford!What are the best cars for about £150 per month? If you’re looking for the best finance deals, you’ve come to the right place. Despite relentlessly rising living cost, it’s...
-
-
Cheap leasing deals: the best cars for £100-ish per monthCheap leasing deals are hard to find in 2024. The price of, well, everything skyrocketed last year – and the market hasn’t yet recovered from the trauma. Affordable car leasing...
-
The best cars for £400 per monthA monthly payment of £400 gets you an awful lot of car. Indeed, that amount will get you a new car deal on just about any type of car you...
-
-
Best hybrid cars to lease 2025 - clean, green efficient cars on financeChoosing the best hybrid cars to lease in 2025 is a tough ask. But it wasn’t always this way. When hybrids first shot into the limelight in the UK, choice...
-
Best electric cars to lease 2025 – all of the monthly plug-in winnersHere at Parkers, we’ve been monitoring the changes in the public’s buying habits for decades. And as obvious as it sounds, electric cars really are becoming the norm for many. Which...
-
Best car leasing deals for young driversThe best car leasing deals for young people have one thing in common. The cars are affordable. As a new driver, you probably won’t have the money for a BMW...
-
-
What is Personal Contract Hire (PCH)?Personal contract hire (PCH) is a form of car finance deal that works much like a long-term rental. You pay a deposit, make a series of monthly payments and, when...
-
Short-term car lease: is a 3-24 month deal worth it?Car finance is simply enormous. Around 90% of new cars are financed in some way. Personal Contract Purchase (PCP) is popular, while there’s also Hire Purchase (HP). However, these methods normally tie...
-
-
The best electric cars for £300 per monthAre you shopping around for new car deals and thinking about making the switch to an electric car? You’re not the only one: EV registrations have skyrocketed in recent years,...
-
Islamic and halal car finance explainedHalal, or Islamic car finance allows Muslims to obtain modern financing while still following Sharia Law, the moral codes set out by the Quran. Islamic car finance is popular because it... -
The best automatic cars to lease 2023The age of the manual gearbox may well be over. Cars with two pedals are taking an ever-larger share of sales in the UK, so when looking for the best...
-
-
Used car lease deals: less money, less valueHave you been tempted by a used car lease deal lately? Going secondhand certainly sounds like a good idea to tackle the cost of living. New car depreciation levels can be...
-
How does leasing a car work?It’s an age-old question: how does car leasing work? It’s quite simple: stump up an initial payment (sometimes referred to as a deposit), choose the best car deal, follow it...
-
-
Should you lease or buy a car?State-of-the-art smartphones, e-scooters and even individual TV episodes are among a growing list of things you can rent in 2023. But in today’s economy, should you lease or buy a...
-
No deposit car leasing explainedNo deposit car leasing deals are an easy concept to grasp. You get to lease a new car without having to put any money down. It’s a simple enough concept but...
-
Car leasing with insurance explainedAre you the kind of person who prefers things to be simple? Do you like the idea of all your car-related costs wrapped up in a neat monthly payment bow?...
-
Car leasing advice and help. These articles, penned by Parkers' experts, will help you understand leasing better, and help you decipher if it's for you.