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How Does Car Leasing Work?

 Published 11th April 2017
General Guides 

If you haven't leased a car before there is a chance that you're not familiar with how car leasing works. Perhaps you have leased a car and are just unsure of the process. If that's the case then we can help. After all, it can appear to be confusing. Luckily, car leasing can be very straightforward and simple if you understand how easy it all works.

We have some great guides available at Gateway2Lease that provide all the information you need about finding a car to lease, the leasing process and the types of contracts. But, sometimes it's useful to have some key pieces of information to get you started. We've broken the information down to explain how car leasing works in a simple and straightforward way. More details and information can be found by checking out our car leasing guides.

Understanding Car Leasing

Car leasing refers to a contract between an individual / business and a finance company with regards to the usage of a car. It involves contractual monthly payments in return for the use of a car, in a similar way to how car hire works. The length and terms of the lease are variables that are decided around you and your requirements. There are lots of different ways to lease a car, such as finding an affordable car leasing deal at Gateway2Lease. Car leasing works in very simple steps:

1. We will help you choose a lease based upon your mileage and model requirements, the contract type and the length of the lease. A formal quotation will be provided that clearly sets out all the contract information.

2. Once you are happy with the quote you can accept it online. You will be asked to fill out a credit proposal form. The completed form would be submitted to the finance company where you or your business would be assessed and underwritten for finance.

3. If accepted for credit, finance contracts will be created for you to sign. Depending upon the finance company, the finance documents will either be sent to you electronically or via an alternative method and these will contain payment terms, direct debit information and terms and conditions. Everything you need to know is sent electronically and can be referred back to at any time.

4. After all the documents and contracts have been signed and completed, a delivery date is confirmed. We will arrange the delivery of your vehicle directly to you at a suitable and agreed time. You are then free to use the car immediately.

As you can see, understanding how car leasing works is relatively easy. If you require a more in depth look at the leasing process or you want to know more, take a look at our how leasing works guide.

Car Leasing with Gateway2Lease

At Gateway2Lease, we approach car leasing in a unique way; not only do we use a variety of vehicle manufacturers, finance partners and dealerships to ensure we have the cheapest car leasing deals on offer, but we also take care of everything for you. From helping you choose a vehicle and understanding the contract terms to delivering the vehicle straight to your door, everything is taken care of.

For more information on cheap car leasing deals and how car leasing works, take a look at our FAQs and guide to leasing. Alternatively, get in touch with us today on 01299 407 360 or via our online contact form.

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