How Much Does Used Car Leasing Cost?
One of the first things people want to know about used car leasing is how much it actually costs. The honest answer is that it varies — but the good news is that used car leasing is almost always cheaper than leasing a brand-new equivalent, and often more affordable than financing a used car purchase too.
This guide explains what drives the cost of a used car lease, what you can expect to pay, and how to structure your deal to get the best value.
What determines the monthly cost of a used car lease?
Your monthly payment is based on several factors, all of which you can influence to some degree:
• The vehicle's current value — a nearly new hatchback will cost less to lease than a nearly new premium SUV
• Expected depreciation over the contract — this is the biggest factor in your monthly payment
• Contract length — longer agreements typically mean lower monthly payments
• Annual mileage — higher mileage allowances increase the cost slightly because the car depreciates faster
• Initial rental — a larger upfront payment reduces your monthly instalments
• Whether maintenance is included — adding a maintenance package will increase the monthly cost but removes the risk of unexpected bills
Typical used car leasing costs in the UK
While every deal is different, here are some realistic ballpark figures for used car leasing in the UK as of 2025:
• Small hatchbacks and city cars (e.g. MG4, Renault Zoe): from around £150–£250 per month
• Family hatchbacks and crossovers (e.g. Hyundai Kona, Nissan Leaf): from around £200–£350 per month
• SUVs and larger vehicles (e.g. Kia EV6, Toyota RAV4): from around £300–£450 per month
• Premium and performance models (e.g. Tesla Model 3, BMW i4): from around £350–£550 per month
These figures assume a typical 36-month contract with 8,000–10,000 miles per year and a standard initial rental of three months' payment upfront. Your actual quote may be higher or lower depending on the specific vehicle, its age, mileage and the deal structure.
How does used car leasing compare to new car leasing?
As a general rule, you can expect to save 20–40% on monthly payments by leasing a nearly new car instead of a brand-new equivalent. The saving comes from the fact that the vehicle has already absorbed its steepest depreciation, so the amount you're financing over the lease term is lower.
The car itself is typically only one to three years old, with low mileage, full service history and plenty of manufacturer warranty remaining. In practical terms, the driving experience is virtually identical to a new car — you're just paying significantly less for it.
How to reduce your used car lease cost
There are several ways to bring your monthly payment down:
1. Choose a longer contract — extending from 24 to 36 or 48 months spreads the cost and lowers the monthly figure
2. Pay a higher initial rental — putting down six or nine months upfront instead of three can make a noticeable difference to the monthly amount
3. Be realistic about mileage — don't pay for miles you won't use; a lower annual allowance means a lower payment
4. Consider different models — sometimes a slight step down in trim level or an alternative model offers much better leasing value
5. Check regularly updated stock — pricing changes as new vehicles come into stock, so checking back regularly can help you catch the best deals
What's included in the price?
At Silverstone Leasing, the monthly cost of your used car lease includes road tax, nationwide delivery, warranty or approved cover, breakdown assistance and a dedicated account manager. Optional maintenance packages are available for an additional monthly cost and cover servicing, MOTs and tyre replacements.
This means the price you're quoted is very close to the total motoring cost — you just need to add insurance and fuel. There are no hidden admin fees, no surprise charges, and no broker commissions on top.
Is used car leasing good value?
For most drivers, yes. When you factor in the lower monthly payments, included road tax and delivery, warranty protection, and the elimination of depreciation risk, used car leasing is one of the most cost-effective ways to drive a modern vehicle in the UK.
Compared with buying a used car on finance, leasing typically costs less per month and involves far less hassle at the end of the term. Compared with new car leasing, you get a near-identical driving experience at a fraction of the monthly cost.
Frequently Asked Questions
The most affordable used car lease deals start from around £150 per month for smaller electric and hybrid models. The exact cost depends on the vehicle, contract length, mileage and initial rental. Contact our team for a personalised quote based on your budget.
Most deals require an initial rental, typically equivalent to three, six or nine months' payment upfront. Some low-deposit or no-deposit options may be available depending on the vehicle and funder. A higher upfront payment will reduce your monthly cost.
With a reputable leasing provider, no. Your quote should include everything except insurance and fuel. Make sure you understand the mileage allowance and fair wear and tear standards so there are no surprises when you return the vehicle.
Hear from Our Happy Customers
At Silverstone Leasing, we believe the best way to understand the quality of our service is to hear directly from the people who matter most – our customers. In these short video testimonials, you’ll see real experiences from individuals and businesses who’ve leased with us. From first-time drivers to fleet managers, their stories highlight the care, transparency, and expertise that set us apart.
What our customers say...
Matt Bright Shane has been excellent!
I've been dealing with Shane Bicknell who has been professional and efficient dealing with my used car on personal lease. Shane has excellent comms and replies quickly to any questions. I am really pleased with the finance offer I received and it's nice to receive this level of customer service. I highly recommend both Silverstone Leasing and in particular Shane.
Leased a Tesla Model 3
Peter Koczerzat We would use again.
Extremely communicative and helpful throughout the process of my used lease car, from offering and speaking through various quote options to the delivery, would highly recommend
Leased a DS DS 9
Richard “Blandy” Bland I would highly recommend
We just had a company car delivered from the manufacturer after being arranged and brokered through Silverstone Leasing. The experience was nothing short of exceptional. Ryan and Mandy, in particular, have been genuinely focused, answering all my questions and concerns with open and honest feedback. I would highly recommend them for any future lease deals. Thank you for making my dream car appear on my driveway.
Leased a Alpine A290
