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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. Exclusively for Lloyds current account customers.
Features and benefits
Electric car grant
Save when you switch to electric
On 15 July 2025 the Department for Transport (DfT) announced a £650 million scheme to support the transition to zero-emission motoring.
- Up to £3,750 discount when you upgrade or switch to electric.
- No extra paperwork for you.
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The grant varies based on government-defined sustainability criteria. All cars must have an RRP below £37,000, and funding will be allocated on a first-come, first-served basis.
The most environmentally friendly cars, in band 1, will receive up to £3,750 discount. Band 2 cars will receive up to £1,500 discount.
Car manufacturers, dealerships and the government will handle all administration. This means you won't need to fill in any extra paperwork.
How car leasing works
Watch a short video that explains how car leasing works (2 min 5 secs).
You can also read our useful guide.
Let's break it down
Get a quote for car leasing
Let’s take a closer look
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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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You’ll get an email telling you the expected delivery date of your car.
Most cars arrive within 4 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 ready for delivery sooner.
We’ll track your order and tell you about 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.
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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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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All car lease contracts include:
- use of the car for the length of your contract
- vehicle tax for the duration of the lease
- free Great Britain mainland delivery
- full manufacturer’s warranty.
Manufacturer warranty
- The warranty may expire before your contract ends, depending on the term you've selected.
- Refer to the manufacturer handbook for details of what's covered in your warranty.
- If you've chosen a pre-registered car, the remaining manufacturer warranty will be passed to you.
Optional maintenance package
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.
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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Yes. If you have a private registration or cherished plate that you’d like to have on your car, 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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At the end of the lease, you won’t be able to own the car. Instead, 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) car finance options.
Some wear and tear is expected when you return the car. If any extra damage falls outside the BVRLA (British Vehicle Rental Leasing Association) Fair Wear and Tear guidelines, you may be charged.
Explore your options
We want to make sure you know about our other car finance options. Here are some that might suit you.
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Important legal information