Which lease car second hand

Leasing, formally known as Personal Contract Hire PCH , is quickly becoming a popular alternative to PCP thanks to its similarly low monthly payments, getting you a better car for your budget than you might have thought. Where car leasing differs is that you won't usually have the option to purchase at the end of the contract, but rather you will have to hand the car back.

This has worked well for new cars, but it's only recently that leasing has started to become available with second-hand cars, potentially offering even lower monthly payments. While second-hand car leases can look good on paper, new car leases can often get you a much newer car for only slightly more per month: a car that may be more compliant with the latest, stringent emission regulations, or that may have more standard equipment.

It's worth getting new and used quotes, as well as comparing like-for-like with PCP finance deals, to see which offers you the best value.

So how does car leasing work? You pay series of monthly payments, which follow an initial deposit that's usually measured as a number of monthly payments. This could range from one to nine, generally. At the end, you hand the car back with nothing to pay, provided you've stuck to the pre-agreed mileage limit and kept the car in good condition. PCP finance, widely available on new and second-hand cars, involves a similar deposit and monthly payment structure. At the end, you can make the pre-agreed optional final payment to take ownership of the car, or you can give the keys back with nothing left to pay again assuming you've stuck to the mileage cap and looked after the car.

You also have the option to trade it in towards a new car if what it's valued at is more than what's left to pay - the settlement figure - which leaves you with money left over to put towards a new model.

While PCP deals usually only factor in the cost of the car, PCH also includes the road tax, which can prove costly under the newer bands, particularly for more expensive cars.

You can also find car lease deals that allow you to include your car insurance within your monthly payment as well, these are sometimes referred to as Just Add Fuel deals.

There is no option, however, to keep the car at the end of a lease contract: you have to return the keys when the contract ends, which makes leasing one of the simplest ways to run a car if you have no desire to eventually own the car yourself. It's ideal for people who like to change their cars regularly to keep in line with the latest trends. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials.

Compensation may factor into how and where products appear on our platform and in what order. But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That's why we provide features like your Approval Odds and savings estimates. Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can. Should you consider leasing a used car?

But the amount of your monthly payment will depend on the particular car you want to lease and your lease terms. Consumer Reports explains that leasing a car is almost like having a new vehicle with some constraints.

According to Money Crashers , here are a few factors to consider before you decide to lease a vehicle. For any feedback or correction requests please contact us at research caranddriver. New Cars. Buyer's Guide. Type keyword s to search. Today's Top Stories. Considerations When Buying a Car When buying your first car, trading up, or leasing a vehicle, there are a number of factors to consider.

Do you want your car to make a statement? If the status of the make and model of a car is important to you, choose one that makes you feel special or important. If you're looking for a more practical make, choose one that is affordable and utilitarian. How do you plan on using the vehicle? While some people use their car for business and a mobile office, others need the vehicle for practical reasons, such as driving to and from work or school or running errands.

How long do you want to own the car? Decide if you want to drive a new car every three-to-four years or if you are happy driving the car until the end of its' life span. What's the condition of the car? Look at what region of the United States the vehicle comes from, it's maintenance records, how many miles it has, and how the owner drove it. Lower out-of-pocket expenses. We want you to be confident in our service, which is why we offer you this fantastic cover, and you can return regardless of whether you collect your car or have it delivered.

Experience total peace of mind when you sign up to Hippo Protect! We have a selection of used hybrid and all-electric vehicles to lease. We stock everything from the reputable Nissan Leaf to the sleek Tesla S. View used electric and hybrid lease deals. My wife and I have now purchased three vehicles from Hippo.

Our fourth car will almost definitely be bought from Hippo too. In addition to their friendly service, they also have a wide range of cars in stock. All have been perfect with no issues. View more reviews. Begin your car leasing journey with Hippo and apply today! Yes, you can get a used car on lease with Hippo Leasing.

We provide extra peace of mind with our day exchange policy, point check and complimentary warranty. We aim to provide flexible and fuss-free car leasing for all — no matter what your budget! Not only can you usually get behind the wheel of your new car faster than if it was a brand-new model, you often get more for your money.

Leasing a used car will lower your monthly rates as the value of the vehicle is lower. Take all these factors into account when choosing your vehicle. This can vary from a few months to a few years — it all depends on which car you want and what you can afford. Browse our range of electric vehicles and decide which one you love.

Get in Touch.