How Much Does it Cost to Lease a Car?

If you're navigating the world of car leasing and wondering about how much it’ll cost and where you can save some money, you're in the right place.

In this guide, we’ll break down the key costs that are involved with leasing a car - from initial payments to monthly expenses. Get ready to uncover the ins and outs of car leasing costs so you can make an informed decision on how to get your next car.

What costs are involved with leasing a car?

There are lots of different costs involved in leasing a car. The two main costs involved with car leasing are the initial payment and your monthly lease payments. We’ll be running through the different costs to help give you a better idea of what you can expect and where you can make efficiencies.

How are my monthly leasing costs calculated?

There are several different items that affect your overall monthly costs when leasing a car. Some of these include:

● Make and model
● Length of the contract
● Mileage
● Initial payment
● Any additional packages such as maintenance packages
● Car insurance - this may or may not be included in your lease depending on your lease provider

What do you pay upfront when leasing a car?

When leasing a car, you’ll have to make an initial payment towards the overall cost of the lease based on the total value of your lease contract. This is a fee that is agreed upon before the lease begins and it’s usually a set amount of months upfront towards the value of the car. Of course, this will vary depending on your lease provider and chosen car.

When leasing a car with ZenAuto you’ll pay your initial payment at the start of your lease, shortly before your car is delivered. But don’t panic, we’ll give you 10 working days’ notice before the direct debit payment comes out, so you’ll have plenty of warning. If for any reason your payment doesn’t go through, we’ll get in touch with you to collect payment by debit card.

Please note: a common misconception is that the initial payment made at the beginning of your lease is a deposit. This isn’t true as the payment goes towards the cost of the lease, which is why your monthly payments will decrease the higher your initial payment is.

Our guide to low-cost car leasing

 

 Sometimes the cost of leasing can seem overwhelming, but we’re here to show you that it doesn’t have to be. This section will explain all the questions relating to those who may be looking for low-cost lease options.

Can I lease a car without a job?

Whether you need a job to lease a car is not a set answer. This is because the financial criteria to lease a car massively varies between leasing providers.

At ZenAuto you will most likely be able lease a car without a job – we consider many different types of income. Before beginning your lease journey with us, you’ll need to fill out our finance eligibility checker. This will check things such as employment status, addresses, and income, and will help us to determine whether you qualify to lease with us.

How can I lower the costs of leasing?

There are several different ways that you can cut your monthly car lease payments. These include:

 

● Increasing contract length
● Making a higher initial payment
● Choosing lower mileage
● Compare different models

Are there financial requirements to lease a car?

Yes, as there’s monthly payments involved with car leasing, there are financial requirements involved. As we’ve already mentioned, the financial requirements will vary depending on your lease provider. However, generally speaking, when leasing a car you’ll need to pass some form of financial check.

At ZenAuto, you must pass a credit check to lease a car with us. If you’re not sure whether you’d qualify for a lease, we have a soft credit check that you can fill out before you complete our finance eligibility checker (also known as a hard credit check). This will help to give you an idea of whether you’re likely to be accepted for a lease with us.

How do I find a low-cost car lease?

Put simply, the best way to find a low-cost lease is to do your research. Make sure you look around for different models and customise your lease to suit your needs as much as possible! If you follow the steps above, you’ll be able to find a low-cost car leasing option that works for you in no time at all.

Our used car deals are also another great option that offer more affordable monthly payments than some of our brand-new models - without skimping on the quality.

Low-cost car leasing with ZenAuto

Are you thinking about leasing but not sure if it’s within your budget? Look no further. Our car lease deals are not only hassle-free and flexible, but they’re also affordable and cater to your needs.

Start your leasing journey at ZenAuto with initial payments as low as £250! A ZenAuto lease also includes breakdown cover and road tax (FYI you will be charged for any increase to your car’s road tax during your lease term), plus free mainland GB delivery – it’s the whole package!

And if you’d like even more bang for your buck, check out our used car deals where you can find yourself a bargain that doesn't sacrifice on quality. Just Zen it!