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Car Leasing
Ready for a new car? Get behind the wheel of a brand-new car with a fixed monthly payment to suit you. Get a quote today on our Mobile Banking app or online.
The features of leasing with Lloyds
- Thousands of cars available from over 30 manufacturers.
- No resale or trade-in to worry about - when the lease ends you’ll just hand back the car.
- You can lease a car for between 2 and 5 years. Select a lease period and mileage limit that suits you.
- Check your eligibility with no impact on your credit score.
- A maintenance and breakdown package can cover routine servicing. This is for tyres and replacement parts due to wear and tear. You can add this cost to your monthly lease payment.
Watch our short video to find out how car leasing with Lloyds Bank works.
You can also read our useful guide to find more information.
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Car leasing is a smart way to drive a brand-new car.
Leasing a car is like having a long-term hire. You get to drive a new car for a set period and mileage, all for a fixed monthly fee.
It's a way to enjoy the latest models without the commitment of buying. You won’t have the option to own the car, but leasing means you could drive a brand-new car within your monthly budget.
You can forget about the hassle of selling your car and the worries of depreciation. When the lease ends, just hand it back in good condition to avoid extra charges.
Electric vehicle technology is moving fast – so a car lease could help you keep up with the latest advances.
Here’s how our Car Leasing works… First, log on to the Lloyds app or Internet Banking and choose from thousands of cars from more than 30 manufacturers. No need to trek around the dealerships or haggle over price. Next, choose the length of your lease, from two to five years. And a rental amount to suit you.
As it’s a brand-new car under warranty – you get a more reliable and up-to-date car for your money. But for peace of mind, you can add a maintenance and breakdown package, if you like. This includes servicing, tyres, replacement parts and repairs.
Once you’ve made your choices, order your car online and it will be delivered to you. Your monthly payments will stay the same for the rest of your contract, making it easy to manage your finances online.
Fancy a more modern driving experience? Explore car leasing by logging on to the Lloyds app today.
Car leasing with Lloyds
It’s simple and secure through our Mobile Banking app and on our website.
Step 1
Select your car
Select a brand-new car, from the thousands of models available, from over 30 manufacturers. Select the colour, interior trim and any other extras to get your car just as you’d like it.
You can do this in our Mobile Banking app.
Step 2
Get a quote
Select the length of your lease from 2 to 5 years and initial rental amount you’d like to pay. You can also select the annual mileage limit.
We’ll then give you a quick quote. This has no impact on your credit score.
Step 3
Place your order
We’ll need a few details about you and your finances so we can check your eligibility for a lease. Once your application is approved, we’ll place your order with our network of dealers.
Step 4
Sign the paperwork
We’ll find a dealer who can deliver your car. We then send your leasing documents for you to read. Once you’ve signed these, your car will be built.
Step 5
Get your car delivered
When your car is ready, it’ll be delivered straight to your door at a time that suits you. Completely free of charge.
Step 6
When your lease ends
Once your lease has finished, the car will be collected from you. If the car is in good condition and within the agreed mileage limits, there will be nothing else to pay.
Get a quote for car leasing
You can apply if you’re 18 or older and have had a current account with us for at least three months.
Let’s take a closer look
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Yes, all the cars are brand new. You can pick from thousands of brand new models from more than 30 well-known manufacturers.
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No, you won’t be able to own the car. When the lease has finished, you’ll hand the car back. If you want car finance that lets you own the car, take a look at our Personal Contract Purchase (PCP) or Hire Purchase (HP) options.
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We may do a soft credit check when we check your application. This won’t affect your credit score.
The finance will only show on your credit file if your application is successful and once your agreement has been finalised.
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The lease is provided by Lex Autolease. They work with a wide network of car dealers around the country. When you place your order, they’ll find a dealer to provide your car.
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You’ll only start paying when your car has been delivered to you.
You’ll need to set up a Direct Debit as part of your lease agreement. Your first payment will come out once you’ve received your car.
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All car lease contracts include:
- Use of the car for the length of your contract.
- Vehicle tax is included for the duration of the lease.
- Free Great Britain (GB) mainland delivery.
- Full manufacturer’s warranty*.
*Consider the following with regards to the manufacturer warranty:
The warranty may expire before your contract ends depending on the term you have selected. Refer to the manufacturer handbook for details of what is covered in your warranty.
If you have chosen a pre-registered car, the remaining manufacturer warranty will be passed to you.
For peace of mind, you can also choose to include an optional maintenance package as part of your lease. This includes:
- MOTs
- routine services
- replacing tyres
- labour, parts and repairs
- breakdowns.
You can add the ‘with maintenance' option when getting your initial quote. Your monthly lease will be changed to include the maintenance cost for the full length of your contract.
Good to know:
The optional maintenance package can only be included in your lease when you make your online application. It can’t be added afterwards.
Repairs or replacements from accidental or malicious damage, or damage caused by driver misuse or abuse are excluded. The car must be serviced in line with manufacturer’s guidelines and by an approved service dealer.
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You’ll get an email telling you the expected delivery date of your car.
Note: Most cars arrive within four months of placing an order, but there are some things that can affect when your car gets delivered. Part shortages and car availability may mean that it could take longer.
Prestige cars or cars with multiple features may also have a longer delivery time.
Pre-registered cars, or in-stock offers may be available for delivery sooner.
We’ll track your order and will tell you of any changes by email.
The dealer will contact you when your car is ready. They’ll arrange a delivery time for the car, to suit you. Deliveries generally happen between 9am and 5.30pm Monday to Friday.
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Yes. If you have a private registration/cherished plate that you’d like to have on your car, then this shouldn’t be a problem.
There will be admin fees to pay to add the plate and to remove it at the end of the lease.
Contact us to discuss putting a personalised plate on your car and we’ll arrange it for you.
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Some wear and tear is expected but if any extra damage falls outside the BVRLA (British Vehicle Rental Leasing Association) Fair Wear and Tear guidelines then you may be charged.
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Yes. It’s easy to browse the car choices and manage your car lease through our Mobile Banking app or online.
You can also use the car leasing calculator to see what cars are available to suit your budget.
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