Leasing a car can be worthwhile depending on your lifestyle and driving needs. It typically offers lower monthly payments than financing, as you only cover the vehicle’s depreciation during the lease term rather than its full value. Leasing also allows you to drive a brand-new car every few years, keeping you updated with the latest models, safety features, and technology. One of the key advantages is that you don’t need to worry about the car’s resale value. Once the lease ends, you hand it back. The manufacturer’s warranty also covers most lease agreements, and you can even choose packages that include servicing and maintenance for added peace of mind. Due to potential tax advantages and better cash flow management, leasing can benefit businesses. It’s ideal if you prefer predictable costs, like driving new cars regularly, and don’t need to own the vehicle long-term. However, buying or financing may be a better fit if you drive high mileage or want to own the car eventually.

In the UK, a fixed minimum credit score is not required to lease a car, as each leasing company has its own criteria. However, a "good" credit score generally enhances your chances of approval. For instance, Experian considers scores between 881 and 960 as "good," while Equifax regards scores over 531 as "good" 

Leasing companies also assess factors like your income, employment history, and overall financial stability. If your credit score is lower, you might still qualify by offering a larger upfront payment, choosing a more affordable vehicle, or providing a guarantor.

To improve your creditworthiness, consider actions such as registering to vote, maintaining low credit card balances, and ensuring timely bill payments. These steps can positively impact your credit score over time.

If you'd like assistance in checking your eligibility or exploring leasing options tailored to your credit profile, feel free to ask!

In the UK, the minimum age to lease a car is 18 years old. This is because leasing involves entering into a legally binding credit agreement, which individuals under 18 cannot do. 

While you can start driving at 17 with a full UK driving licence, leasing companies require applicants to be at least 18 to ensure they can legally commit to the financial contract. 

It's important to note that, in addition to meeting the age requirement, leasing companies will assess other factors such as your credit history and financial stability. Having a steady income and a good credit score can improve your chances of being approved for a lease. 

There is no upper age limit for leasing a car in the UK. As long as you meet the necessary financial and legal requirements, you can lease a car at any age beyond 18.

Car insurance is usually not included in a standard car lease. You must arrange a fully comprehensive insurance policy when you lease a vehicle. The finance provider typically requires this cover to protect the car throughout the lease term.

However, there are exceptions. Some leasing companies – including Silverstone Leasing – offer "lease and insurance" packages (sometimes known as "fuel and go" or "all-in-one" deals). These packages bundle the lease cost with insurance, maintenance, breakdown cover, and sometimes even servicing, making monthly budgeting easier and providing extra peace of mind.

Please ask us if you’re interested in a lease that includes insurance. 

You’ll usually return the vehicle to the leasing company at the end of a car lease. The car will be inspected to ensure it meets fair wear and tear guidelines and that you haven’t exceeded the agreed mileage limit. If everything is within the agreed terms, you return the vehicle without further obligations. However, additional charges may apply if there’s damage beyond normal wear or you’ve exceeded your mileage allowance. Some agreements, such as Personal Contract Purchase (PCP), may offer the option to purchase the vehicle at the end of the term. Otherwise, you can lease a new car and begin the process again.