Wondering if car leasing is right for you as a student? We’ve got you covered with insights, and advice to help you decide if leasing a car fits your lifestyle.
In this guide…
Driving a car can be a defining part of your university life. Not just to and from lessons, but easily getting around the brand new city you’ve come to and using it as the vehicle to take you to festivals, squad trips and late-night visits to your local takeaway. According to the Department for Transport data, over 110,000 students are estimated to be driving to and around university, and many are looking for a way to arrive at their dorm in a fresh car with the latest technology.
Leasing a car is the savvy choice for students who want all the perks of a new vehicle without the burdens of ownership. Imagine cruising to campus with the latest gadgets at your fingertips, all without breaking the bank. Read on to find out the benefits of car leasing, what to consider and how to lease your own car in time for term, making your uni life just that bit easier so you can focus on the important things… like making it to your 9am lectures.
Can I Lease a Car as a Student?
In short: absolutely! Car leasing is a great option for students who want the convenience of a new car without the long-term commitment or the hassle of ownership. You can even get a three or four-year lease to match your time at university, allowing you to spread the cost and make your time as a student more cost-effective. Then once your lease is up, you’re free to get a brand new car with a new lease all over again with an even posher model.
What are the Benefits of Car Leasing?
Think of car leasing like your Netflix subscription, but instead of films, you’re streaming the latest car models right to your parking spot. It’s all the joy of that new car smell without the nightmares of MOTs, unexpected repairs and the dreaded value depreciation. Imagine rolling up to your lectures in a car that puts the ‘fresh’ in ‘freshman’, equipped with the latest tech and none of the old-school hassle.
Leasing is also a fantastic way to boost your credit rating while you drive. Regular, timely payments on your lease are reported to credit agencies, showing that you are a responsible borrower, which can make it easier for you to obtain loans and credit cards in the future. Plus, with warranties covering you for the length of your lease, you can say goodbye to the panic of breakdowns and costly fixes. Leasing is where it’s at, giving you reliability, luxury, and a great financial leg-up.
What Should I Consider When Leasing a Car?
Before you race off, there’s a few things you should consider in your lease. Firstly, let’s talk budget. You should try to find that sweet spot between what you need and what you can afford without having to live off ramen and tap water. Fancy driving less? Opt for a lower mileage lease to cut costs. Cash-strapped? Hunt down those no-deposit deals, of which there are hundreds here at cars2buy.
However, watch out for mileage caps. Exceed these, and you might face unexpected fees that you don’t want to deal with. At cars2buy, our handy mileage filter lets you tailor your lease perfectly to your road-tripping habits.
Lastly, you should keep the car from as minimal wear and tear as possible, as every lease has a stipulation that you must pay for damages to what the leaser considers unacceptable levels of wear and tear. End-of-lease fees for wear and tear can sting, so unless you fancy explaining that mysterious scratch from last term’s road trip, it’s best to keep things neat.
How Do I Start Leasing a Car?
Selecting Your Car
Begin your journey by choosing the make and model of the vehicle you want to drive, and with cars2buy, it’s never been easier. Use our user-friendly drop-down menus at the top of the page to browse through options, and if you’re unsure, have a look at our current popular leases.
Filtering Your Options
Next, refine your search to match your specific preferences. Our search engine allows you to filter the options based on various criteria such as lease terms, vehicle features, engine size, number of doors and specific trims. Our lease deals range from 12 to 60 months, so you can get a lease that lasts the entirety of your course if you so wish. Additionally, you can narrow down your choices by setting your preferred mileage limit, initial payment, and maximum monthly budget. It all helps you find a lease that perfectly fits your needs and financial situation.
Discovering the Best Lease Deal
Once you’ve pinpointed a lease that catches your eye, click on it to view the detailed terms. At cars2buy, we ensure all information is transparent and we don’t add any commission fees to your lease. This means you’re getting the best possible deal without any hidden costs. Take your time to read through the details carefully to ensure it’s the right choice for you.
Requesting a Quote
Make the leap from browsing to committing by entering your name, address, and phone number to request a quote from the lease company. This will allow you to move forward with the necessary paperwork to secure your lease car. The lease agreement will outline all terms, including payment schedules, mileage limits, and what counts as excessive wear and tear.
Driving Away in Your New Car
With everything sorted and the lease agreement signed, it’s time to collect your brand-new car. Set up a direct debit if you can so you don’t forget and get behind on your payments throughout the lease and potentially incur late fees and tarnish your credit rating. Most importantly, enjoy your new vehicle, as it will be your trusty companion for the duration of your lease. When the lease period ends, return the car and you’re free to find another one, allowing you to start the process afresh.
Where Can I Get Student Car Lease Deals?
Convinced that cruising in a brand new car for the next few years sounds like your kind of plan? cars2buy is the UK’s number one for browsing unbeatable lease deals. We do the legwork, gathering the very best lease offers from trusted dealerships across the UK, so you can easily compare and find the perfect one for you. Dive into our lease options today and you could be the talk of the campus before you know it.