A no deposit car lease is the same as any other car leasing agreement, but with no large upfront payment. Your monthly rentals are likely to be slightly higher as a result, but you don’t have to pay a hefty initial rental. Please state 1 month initial rental on enquiry.
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Ideally you’ll need a good to excellent credit rating to get a no deposit car lease
A good credit score will be from around 700 or above. A leasing company will see you as less risky to lend against the better your credit rating is: it will say you’re more likely to be relied on to make payments in full and on time.
Having a no deposit term on a leasing agreement is becoming more popular as customers want to have more flexibility with their finance options. Monthly rates on these types of lease may be higher, but you’ll pay the same amount each month from the first instalment.
Some UK leasing companies may not call these no-deposit deals, as they will take the first monthly payment as the deposit – but they’re still the same leasing offers. So, with a 24-month contract, the rental profile may say 1 + 23 months, rather than 3 + 23 months. As with all leasing deals, you may also want to add servicing and maintenance costs to your agreement. This will increase your monthly payments but it does ensure most of your motoring costs are budgeted – so there will be no financial surprises.
Zero deposit, 0 down leasing, no deposit leasing and leasing without raised initial payments are all the same.
Some leasing companies use different terms, but they all mean the same thing: you don’t have to pay a large lump sum at the start of a leasing agreement.
Yes, it is – but, as with personal car leasing, it will depend on your company’s credit rating.
If your company accounts are in good order, with a strong trading history, then you can ask leasing companies for a custom quote on no deposit agreements to see what deals are available for a business car lease.
Car leasing agreements with no deposit offer you the freedom to decide what you spend your money on in the short term.
You may not have the available cash to make a substantial up-front payment at the start of a new agreement. But you can rest assured that your monthly lease rentals will always be the same amount.
Zero deposit leasing is not for everyone. It should also be noted that the monthly lease rental is likely to be greater each month than a car lease with an upfront payment. But if you don’t have plenty of spare cash, it’s a really affordable way to start leasing a new car.
Simply select your favourite car from our car leasing deals page or search our website and then choose ‘1 month’ for initial rental on enquiry.
A no deposit lease is simple and easy with Intelligent Car Leasing. Remember to check out our latest special offers above for an example of great deals we have available.
