Guide to finding and financing your new car
Finding your next car can be a scary time, you have to work through a maze of not only what car to buy, how to finance it but also who to get it from.
There is so much to consider at once – different models, mileage requirements, finance types to name a few. iLease have put together this guide to help you through the vast and confusing world of car leasing and car buying.
Where to go
Cars are available to lease or buy from a variety of sources – local dealerships, franchise dealerships, online, private sellers but how do you know which sellers are trustworthy?
At iLease we have the backup of working in the car industry for over 22 years with the backing of long standing relationships with over 26 car manufacturers plus being authorised and regulated by the Financial Conduct Authority (FCA). In addition, all our team (including sales and support staff) are all independently SAF certified to ensure we are at the top of our game when it comes to offering advice on financing a car.
Our online compare the market tool, enables us to show you the best leasing deals on the web helping you avoid the time consuming trawl through multiple websites trying to find the best deal.
Plus, we don’t have any hidden charges, which can be so disappointing when you think you have a great deal. A low cost monthly payment could be heightened by hidden admin and arrangement fees. With free delivery, road fund licence included and manufacturer warranty as standard, we hope you find this to be on the cherry on top to your fantastic car and leasing deal.
How personal leasing works
- What is personal car leasing?
Personal car leasing, also known as personal contract hire, is a finance product for individual consumers, basically if you would like to lease a car in your name then personal contract hire is for you. If you wanted to lease a car under a business name, you would need to look at business contract hire as an alternative.
- What do I pay on personal leasing?
Simply, you will:
- Choose your car
- You decide how many months you would like to lease the car for (this will affect the monthly cost)
- You can pay an upfront payment (although at iLease we offer many vehicles with no upfront payment) The number of payments you choose upfront can also affect your monthly payment
- You choose the mileage you would like on an annual basis (this will affect the monthly cost)
- You choose whether you would like the car to be maintained by us or yourself (choosing maintenance included will affect the monthly payment)
- There will always be a monthly payment you will need to pay for the duration of the contract
What to buy – get to grips with your basic requirements and you are halfway there
Before signing up to a new finance agreement on a car, why not sit down and ask yourself the following questions:
- Why am I leasing a car?
- What do I need the car to do?
- What is my monthly budget?
- How long do I want to keep the car for?
Once you have answered these four key questions you will be halfway there to knowing what sort of car and what sort of lease you would like to take out. Narrowing yourself down to a list of cars that you think will suit your requirements means you can start to see what deals are out there.
We find it common for our customers to completely change their mind when they start searching our site as they unexpectedly find a great deal on a car they never thought their monthly budget would allow.
iLease order process
Feel confident in how you order your new car with iLease by reading our order process from selecting your car right up until delivery.
Step 1 – Choose your vehicle
Use our search tool to find your perfect vehicle. We can provide any variation on any vehicle and quote for any additional optional extras you require. We can also provide quotes for different upfront payments, annual mileage and agreement duration.
Step 2 – Finance Approval
Finance approval will need to be established before your order can be placed. Our online application takes 5-10 minutes to complete.
Step 3 – You place an order iLease
We will send you your order by email and we will require your signature to confirm your acceptance of the personal contract hire agreement quoted. We will also require a copy of your driving licence as proof of identity.
Step 4 – We place order with relevant manufacturer
We will place an order with the manufacturer on your behalf. Our manufacturer network offers a very high level of service standards and back up. All vehicles are covered by full manufacturer warranty and can be serviced by your local service centre or dealer.
Step 5 – Sign your documents
A Direct debit form and a contractual agreement will need to be signed confirming the terms and conditions of the agreement.
Step 6 – Delivery of your new car
Delivery of your new car can be made nationwide by our network for no additional cost. We want to make receiving your new car as convenient as possible so you can have the car delivered to your home, place of work or wherever is convenient to you.
There will be a professional handover by the delivery driver at the point of delivery to enable you to familiarise you with your new car.
For further information, or if you have any questions please check out our frequently asked question page or contact us.
Our iLease promise
At iLease we are committed to providing a top class service to all of our customers. If you are looking for a worry-free, friendly and helpful way to lease a car, then look no further than iLease. We offer complete peace of mind with no hidden charges and full back up of manufacturer warranty.
