What is the longest you can lease a car in the UK?
Most car leasing deals are between two and four years - 24 months, 36 months and 48 months - and each option comes with its own benefits.
With a two year lease, you’ll have the option to get a brand new car more regularly, always ensuring you’re driving the latest model with the most modern features.
However, on a four year lease your monthly payments will be lower, potentially making it easier to stretch the overall cost of the deal.
Occasionally shorter term deals at 18 months and longer term deals at five years are also available but these are at the discretion of the finance provider and are only available on selected vehicles.
Is it cheaper to lease a car for 24 months or 36 months?
The length of your car lease deal will affect the price you pay for it each month. Each car has an overall cost which is then divided into monthly instalments. The longer you lease the car for, the more months its cost will be split between.
If, for example, the overall cost of a lease deal was £12,000 and you leased it for 24 months, you’d pay £500 a month. If you leased that same car for 36 months, the monthly cost would come down to £333.
If your budget can’t stretch this far we would advise taking a 48 month lease. Nationwide Vehicle Contracts also offers a range of cheap lease deals that start below £200 a month.