Frequently Asked Questions About Car Leasing & Personal Contract Hire - Intelligent Car Leasing

Frequently Asked Questions

1. What are the criteria for getting a lease car?

There are certain criteria which need to be met in order to get a car lease contract. Absolutely essential is that you have to be over 18 years of age, hold a valid UK driving licence, have 3 years' employment history and a reasonable credit rating.

Without these 4 profile requirements, no finance company will consider you for a lease. A healthy credit score generally means anything around or above 367 on the Equifax rating scale (good to excellent). We strongly advise that you check your credit rating via a completely free trial of Equifax credit reports. This quickly and easily allows you to see if you’re likely to be accepted, without paying a penny.

*Please note that monthly fees apply to the consumer following the 30 day Free Trial of these products if the user does not cancel within the trial period. The monthly fees are £14.95 for the Free Credit Report & Score and £9.95 for the Free Credit Report. A user can cancel their subscription with Equifax at any time.

2. What does the payment structure mean?

A lot of people are unsure as to what the payment structures of personal car leasing and contract hire actually mean. Here is a simple breakdown with an example:

Example - 3 + 35. This would be a 3 year contract made up of 36 individual monthly payments. Your initial payment is always higher and is usually in a multiple of 3 or 6 times the “standard” payment.

So, in the example structure above, if the standard monthly payment was £119.99, the initial payment would be £359.97, making the contract 1 payment of £359.97 and then 35 payments of £119.99.

3. What happens if I want to end my lease early?

If you want to end your car lease before the agreed contract period is up, you need to negotiate a settlement with the finance provider. This is usually around half the value of your remaining payments but can vary from funder to funder.

4. What is the minimum period I can lease a car for?

The minimum period you can lease out for is 24 months. Anything under this contract length would be a short-term hire and would need to be arranged using our car hire section.

5. What happens if I exceed my agreed mileage?

If you go over your agreed mileage, there is a small surcharge to pay for each mile above this. This is usually in the range of 3-11p per mile and changes from car to car (ask you’re advisor what the excess is on the specific deal you’re looking at).

6. What is included in the optional maintenance package?

Maintenance covers all routine maintenance, servicing, tyres, batteries, exhausts and any necessary car repair costs but not accident damage. For more details see the full car lease maintenance guide page.

7. Is Insurance included as part of the standard lease price?

Unfortunately insurance is not included as part of the standard monthly car leasing price. This has to be arranged separately by the individual or business leasing the car. See our car leasing insurance guide for more information.

For the best prices on car insurance quotes, we recommend They search up to 129 providers and provide on the day quotes which are almost always market leading!

8. Is Road tax included as part of the standard lease price?

Road tax is included as part of your standard monthly car leasing price. There is no need to do apply a physical disc to your vehicle as tax is dealt with digitally now.

9. What happens at the end of my lease?

You simply hand your car back to the leasing company meeting the BVRLA’s standard fair, wear and tear guidelines and take out a new lease on a new car or extend your lease contract by a further 6 or 12 months (if a business contract).

10. Can I part exchange my current car as part of the lease agreement?

Unfortunately car leasing brokers cannot accept your old vehicle as part-payment for your new lease vehicle. However if you’re looking for a quick and easy way to get cash for your current vehicle we recommend a reliable service which offers fair prices such as Trusted Car buyers.

11. Where do the cars you lease come from?

All cars and vans are supplied from manufacturers' dealer groups. We have a preferred panel of dealers who offer excellent customer service levels to our customers.

Still have questions? VISIT OUR CONTACT US PAGE for details.

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Latest charity and community news


Commencing in 2014, Intelligent Car Leasing launched a brand new partnership with the charitable arm of Celtic FC.

Celtic FC Foundation’s priority is to provide assistance to those who face daily challenges within the key priority areas of Health, Equality, Learning and Poverty (HELP). For every car ICL leases £10 is donated to the charity.