The benefit of car leasing is that it's hassle-free and you're able to adapt the payment profile to suit your circumstances. With interest rates rising and the cost of living soaring, it makes perfect sense not to tie up lots of capital in an initial rental. Why pay a huge initial rental, when you're able to take the contract with only one rental in advance? What's even greater about this payment profile, is that usually the initial rental is not taken until approximately 14 days after delivery, so you pay nothing other than your processing fee until the after the car is delivered to you.
Did you know that a 1+ payment profile is often referred to as No deposit car leasing? Every single lease deal that we offer can be amended to a 1+ payment profile. To compare the overall cost of the lease you should multiply the payments by the term of the lease and add any initial payment. This will allow you to compare the overall cost of the lease throughout the contract.
The profile you opt for is entirely down to choice. Some customers prefer to keep their monthly repayments as low as possible and therefore choose a higher initial rental, whilst others prefer to keep their initial rental as low as possible and spread the payments more over the lease.
The initial rental is usually debited from your bank account 10-14 days after delivery. We often have customers asking if they can pay their initial rental by credit card. Quite often the lender uses the source of the initial payment as a final verification of your identity and therefore will only permit the rentals to be paid by direct debit.
Please browse our vast range of zero deposit car leasing deals and get in touch for further information.
With nothing to pay until after you've taken delivery of your brand new car lease many customers are swaying towards personal car leasing.
Zero deposit car leasing, allows you to drive a brand new car without having to find thousands of pounds as a deposit.