Frequently asked questions

We get asked many questions about car leasing, such as what are the advantages of leasing a car? and the negatives? so we have put our frequently asked questions about leasing in one place. If you have any other questions, please contact us on our live chat below.

Question: What are the main drawbacks of car leasing?

The primary drawbacks include: 1) The car cannot be bought, hence there is no ownership. 2) A larger upfront payment is often needed to reduce the monthly payments. 3) The car cannot be customised. 4) The car cannot be sold.

Question: Could you explain how car lease agreements function?

Our leasing agreements involve a number of reputable funding partners, and we also have exclusive 'batch' deals with certain dealers. You can search for your desired car by make, model, or budget.

After selecting your preferred car lease deal, simply choose your preferred terms (2, 3 or 4 years) and the mileage. The lease rental will be displayed. If you wish to proceed, complete the online enquiry form and a member of our team will get in touch to discuss your needs.

We can inform you about delivery times, ensure that the car leasing deal is suitable for you and guide you through the application process.

Once credit approval from our finance partner is received, our customer care team will email the finance documents and arrange delivery.

If the car is a factory order, our customer care team will update you every week.

Once delivery has been booked, the driver will give you a 20-minute notice before delivery. Your account manager will also follow up after delivery to ensure you are satisfied.

We will stay in touch regularly to ensure everything is going well, and as the time for your car to go back approaches, we can arrange for a new car lease deal.

We strive to make the entire process easy and stress-free. This is one of the reasons why we have many positive Google reviews - 5 stars in fact. Please have a look.

Question: What are 4 major advantages to leasing a car?

The primary advantages are: 1) Fixed rental. 2) No depreciation costs. 3) New car every 2 to 4 years. 4) Low BIK on electric cars.

Question: What is a good monthly payment for a car lease?

The shorter the lease term, the higher the residual value, which translates into lower monthly costs. This, however, depends on the make and model of the car. Most customers prefer to make a smaller initial payment to maintain financial stability, especially in light of the current cost-of-living crisis.

Question: Who is the best car lease company?

We work impartially with the best funding partners in the industry, including LeasePlan, ALD, Novuna, Santander, Alphabet, Arval, Lex Autolease, and RCI Financial Services. We have the ability to advertise special offers from all these partners.

Question: What are the downsides of car leasing?

At the end of the contract, you will not own the vehicle.

Question: Is leasing a car a good idea?

If you're looking for fixed monthly payments and a new car every 2 to 4 years, then car leasing could be a great option for you. Feel free to browse through some of the offers we have.

Question: What is the most cost-effective way to lease a car?

Opt for a lower annual mileage, a shorter term, and include maintenance in your lease agreement.

Question: What is the purpose of car leasing?

Car leasing allows you to drive a brand-new car or van for a low monthly payment, without having to worry about vehicle depreciation.

Question: Is it more beneficial to lease a car for 24 or 36 months?

This depends on the residual value of the car. A higher residual value typically results in lower monthly payments. However, some customers prefer a longer term as it means less frequent changes of vehicles.

Question: How much does it cost to lease a Tesla?

We have partnered with Tesla to offer the best car lease deals. The cost varies based on your desired lease duration, mileage, and initial payment. We currently have special offers on the latest Model Y, with some rentals starting at £399 + VAT. Click here to see our latest Tesla offers.

Question: Why should one consider leasing a Tesla?

We've seen a significant increase in Tesla car leasing orders recently due to several factors. First, Tesla's supercharging network, allows you to charge your Tesla in just 20 minutes or top it up in 5 to 10 minutes. Secondly, availability. There is plenty of Tesla stock, which means you can lease a new Tesla and be in it within 2 to 3 weeks. Lastly, business leases of Tesla come with a low Benefit in Kind (BiK) rate, currently at 2% company car tax on all-electric cars. With its fast charging, quick delivery times, and great offers, Tesla is definitely a top choice.

Question: Is it possible to lease a Tesla in the UK?

Absolutely, you can lease a Tesla in the UK and even take delivery within 3 weeks! We at Silverstone Leasing offer both Model 3 and Model Y. Prices start from as little as £373 per month ex VAT for business leases, and we also offer personal leases.

Question: Can I lease a Tesla for 1 year?

You can lease a Tesla for a duration of 24 to 60 months. We also offer 18-month leases, but we find that a 3-year term is most popular among customers.

Question: Can a Tesla be left parked for a month when I go on holiday?

Yes, you can leave your Tesla parked for a month. Just be aware that you might notice a slight decrease in mileage, typically around 2 to 5 miles.

Question: Is it financially wise to lease a car?

We believe it is. Leasing a car gives you the benefit of a fixed payment plan.

Question: Is it more advantageous to lease a car for 24 or 36 months?

This decision depends on your personal preference. A 24-month lease allows you to change your car every two years. However, if you've made an initial payment, you'll have to do so again for the 2-year term. That's why most customers prefer a 36-month lease. We can tailor all quotes to suit individual needs.

Some more FAQ's below