4th January 2021
Car leasing explained: What is car leasing and how does it work?
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Used car leasing with no deposit
There’s a common myth in the UK. That myth is that you can’t lease a used car. Well, we’re here to tell you that’s untrue, and we specialise in leasing used cars throughout the UK. In some aspects, leasing a used car is better than leasing a new car.
Secondhand car leasing is a fantastic way to finance a car for a short time period, so you can keep your car fresh by switching it up every few years, and you can drive a car that you might not be able to afford to buy.
Plus, we have used cars from various manufacturers, such as budget-friendly options like Toyota to more premium choices from the likes of Audi and Mercedes-Benz.
Keep scrolling and view our best used car lease deals, discover what used car leasing is and the options available to you, and most importantly, the benefits of using Zero Deposit Leasing!
What is used car leasing?
Used car leasing is the same as new car leasing, except the vehicle is older and you don’t have to wait as long for the car, but you still have the same contractual agreement.
Leasing a used car will save you more money on the overall least cost, and extra bonuses like insurance and tax.
Zero Deposit Car Leasing’s used vehicles can be ex-fleet and rental cars, which allow us to give our customers even bigger discounts.
These cars are all less than four years old and must meet a strict 130-point check before they are delivered anywhere in the UK.
This allows every single vehicle to meet the very high standards our aftersales team place on vehicle preparations for safe car leasing.
What lease options are available?
We offer two types of leasing, which are:
1. Personal contract purchase (PCP) – our most popular form of leasing, pay your monthly payments over your contract period and hand your car back at the end.
2. Personal Contract Hire (PCH) – similar to PCP, but you have the option to pay a balloon payment and own the car at the end of the lease contract.
We also offer business lease deals and personal lease deals so that you can get a used car for business or pleasure.
Frequently asked questions
Can you lease a used car?
Yes, you can lease a used car, and it can have bigger financial benefits than leasing a new car as the car won't depreciate as much, taking your monthly payments down.
Is leasing a used car a good idea?
It depends on your motivation for leasing the car. If you want an investment it's better to finance a car, but if you like switching cars every few years leasing is a better idea.
What are the benefits of used car leasing?
Used car leasing allows the car leasing process to be fast and efficient - which is exactly how it should be. With all of our used cars in stock, we aim to have your car with you within 72 hours, although sometimes this could even be on the same day of the contract agreement. Used cars are also more flexible towards your budget, as new cars often come with large up-front deposits, and large monthly payments. Used cars, however, let you find a better specification of vehicle for your budget.
How old do I need to be to lease a used car?
Vehicle leasing is a type of finance agreement, meaning you have to be at least 18 years old to take it out. This applies to all finance types we offer, including PCP, HP, CH or LP agreements.
How much does it cost to lease a used car?
The cost of the car will depend on a variety of factors, including depreciation costs, your credit rating, the price of the car before the agreement and the duration of your lease contract
Do Mercedes and BMW lease used cars?
Yes, we have a huge range of Mercedes and BMW cars that are available for no deposit leasing, start searching to find your dream car.
Is it better to lease or buy a used car?
If you want to keep the car at the end of the agreement you should buy, if you want to switch cars, it's better to lease.
Can you lease a used car with bad credit?
Yes, we work with a panel of specialist lenders who provide loans for people with poor credit history.
Can I lease a used car with no credit?
Yes, you can lease a car with no credit, we work with lenders who specialise in this field.
Are all of your used cars HPI checked?
Yes, every one of our vehicles is HPI checked. It ensures that there’s no outstanding finance left on the vehicle and that it hasn’t been involved in any accidents, which could result in further problems down the line.
