No Deposit Leasing Deals Explained - Intelligent Car Leasing

Car Leasing Without Raised Initial Payments

It is now possible to lease a car without a higher initial payment/deposit. In simple terms, this means instalments are a single unchanging amount from the first to last month of your contract.

This is something that customers are requesting more often as the need for flexible finance options is now stronger.

No deposit car leasing banner

Leasing without a higher initial payment is available to both business and personal customers with no additional contract terms. However, it does require that you have a top-notch credit rating as this type of leasing (sometimes referred to by customers as "no-deposit") is reserved for only the most solvent of customers.

As a general rule of thumb, to be considered for a car leasing contract, you’ll want to have a strong credit rating (usually around or above 367 on the Equifax rating scale). For leasing without a higher down payment your score will likely need to be stronger. We recommend that you take a 1 month free trial from Equifax to check out what your credit score is before applying.

*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.

You can also add in maintenance and servicing to your lease deal when selecting a deposit, but insurance has to be sorted out separately.

Example monthly rentals for leasing with no RAISED initial deposit

As you would expect, the monthly rental increases to a higher amount when avoiding a larger initial payment in month 1.

Here is an example of a quote recently run for a customer on a 24 month contract:

Standard Pricing Structure
3 + 23, 8000 miles per annum (non-maintained).
Initial payment = £779.09
Monthly payments = £129.85


"Zero Raised Deposit" Pricing Structure
1 + 23, 8000 miles per annum (non-maintained).
Initial payment = £182.94
Monthly payments = £182.94


Therefore you can see that the monthly payment is steady throughout the contract, with less to pay in the first month, but the cost throughout the lease is higher. Maintenance payments remain the same regardless of the initial payment multiplier.

How to apply

As standard, we don’t list 1 month up-front rentals on the website so customised quotes need to be created by a sales advisor. You can request this directly via a message on our contact us page. Or alternatively browse through our deals and leave a note when enquiring on a specific vehicle.

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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.