At JS Holmes Leasing, we understand that leasing a car can be a big decision, and you might have plenty of queries. That’s why we’ve compiled answers to the most commonly asked questions about car leasing. Explore our FAQs for all the information you need!
Car leasing is a flexible way to drive a brand-new car without the financial commitment of buying. You pay a fixed monthly fee to use the car for an agreed period, typically 2–4 years, and return it at the end of the contract.
Leasing allows you to drive a new car for less, with lower upfront costs and fixed monthly payments.
Leasing involves selecting a car, agreeing on a lease term and mileage allowance, and paying an initial rental followed by fixed monthly payments. At the end of the lease, you simply return the car, avoiding the hassle of selling it.
Personal leasing, also known as personal contract hire is a form of car finance where you pay a fixed monthly fee over a set duration of time. Contracts can range in length, typically between 24 and 48 months and mileage is chosen by you at the beginning of the contract.
Business leasing, also known as contract hire is a form of car finance where you pay a fixed monthly fee over a set duration of time. Contracts can range in length, typically between 24 and 48 months and mileage is chosen by you at the beginning of the contract.
Leasing is a popular option for businesses. Business Contract Hire (BCH) offers VAT benefits, fixed costs, and fleet management solutions, making it ideal for companies.
PCP (Personal Contract Purchase) allows you to make monthly payments with the option to buy the car at the end by paying a final lump sum. Leasing, on the other hand, is like renting a car long-term—you pay fixed monthly payments but don’t have the option to buy the car at the end. Leasing is often simpler and can include maintenance, making it a great hassle-free option.
Yes, you can put a private registration plate on a lease car, but there are a few steps you need to follow.
Since the leasing company is the registered keeper of the vehicle, you'll need their permission to make the transfer. This is a common request, so it’s usually not an issue. Start by contacting your lease company for guidance on how to proceed.
If they approve, you’ll need to ensure the finance provider is named as a "Nominee" on your Certificate of Entitlement (V750) from the DVLA.
Keep in mind there’s often an admin fee for this process, which can vary depending on the leasing company. You also cannot legally display your private plates on the car until you’ve received confirmation from both your leasing company and the DVLA.
Leasing can be more cost
effective than buying, especially if you like to drive new cars regularly. You only pay for the car’s depreciation during the lease term, not the full value.
The initial rental is the upfront payment you make at the start of your car lease agreement. It’s similar to a deposit, but instead of being refunded, it covers a portion of the lease cost.
You can choose the amount of the initial rental, often expressed as the equivalent of 1, 3, 6, or 9 monthly payments. The larger the initial rental, the lower your subsequent monthly payments will be.
This flexibility allows you to structure your lease deal to suit your budget and financial preferences.
All vehicles supplied through JS Holmes Leasing include FREE mainland UK delivery and road tax. Collection depends on the type of contract taken. For contract hire or personal contract hire and contract purchase or personal contract purchase the finance company will collect the vehicle at the end of the contract unless you are purchasing the vehicle.
Exceeding your mileage allowance may result in additional charges, which are detailed in your lease agreement.
A good to excellent credit score is typically required for car leasing. Leasing companies perform a credit check to ensure you can reliably meet the monthly payments throughout the lease term.
If your credit score is low, you may still be able to lease a car, but it could come with stricter terms, such as higher monthly payments or a larger initial rental. To improve your chances of approval, consider reviewing your credit report and addressing any errors or outstanding debts before applying.
This depends on the type of contract taken but usually you can either hand the car back, extend the contract or purchase the vehicle from the finance company (dependent upon the funder).
All vehicles include at least 12 months breakdown cover from the manufacturer although most manufacturers now offer 3 years cover fee of charge. Within the car or van book pack there will be an emergency number to contact day or night.