By leasing a car or van, you’re essentially renting it for an extended period, typically from 2 to 4 years.
Throughout the personal or business contract hire lease, the car remains the property of the finance provider, and their name would appear on the V5C registration document.
At the end of the lease, the car is returned to the finance provider. You don’t get to purchase the vehicle at the end of the contract hire.
You can lease a nearly-new or brand new vehicle and choose the vehicle’s make, model and the specifications you want, such as the in-car technologies, colour, trim etc. and then have the car delivered free of charge to your door.
Once you’ve agreed how many miles you will drive annually, you pay an initial deposit and then make fixed monthly payments for a set period, generally from 2 to 4 years.