Best car leasing deals 2023

Looking to lease a new car? You’ve come to the right place. We’ve scoured the market to find the best car leasing deals available right now from leading brokers, and you can find all of our top picks below.

Car leasing, or Personal Contract Hire (PCH), is a popular finance option for those wanting a brand new car at an affordable monthly price. Car leasing deals are ideal if you don’t have the finances to buy a car outright, or if you simply aren’t interested in owning the car at the end of the finance agreement.

Leasing deals work like a car rental and because there’s no lump sum to pay at the end of the agreement and you never actually own the car, but this means the monthly payments will usually be lower than with Personal Contract Purchase (PCP) or Hire Purchase (HP) car finance deals.

The best car leasing deals

There are many suppliers to choose from when looking to lease a car, many of whom offer competitive deals on the latest models, so we've rounded up some of the best car leasing deals available right now sorted by market sector...

Small cars

• Hyundai i10 - £180
• Nissan Juke - £203
• Vauxhall Corsa - £196

Family cars

• Dacia Jogger - £270
• MG4 - £299
• Skoda Octavia Estate - £311

Family SUVs

• Cupra Formentor - £276
• Hyundai Tucson - £292
• Peugeot 3008 - £322

Executive and performance cars

• Audi A5 Coupe - £439
• Tesla Model 3 - £469

Small cars

Hyundai i10 - £180.00 per month

• Model: i10 1.0 Advanced 
• Deposit: £1,620.00
• Annual Mileage: 8,000
• Term: 36 months
• Engine: 1.0-litre 3cyl petrol
• Seats: 5
• Economy: 54.3mpg
• Boot space: 252 litres

The Hyundai i10 is the smallest car in the brand’s lineup, but it boasts plenty of big car qualities: it’s refined on the road, surprisingly roomy inside and well put together. In fact, this city car is even reasonably suited to long-distance motorway journeys. 

The model on offer here is in Advanced trim, which in standard form comes with 15-inch alloy wheels, cruise control, smart device integration and Apple CarPlay and Android Auto. We recommend opting for the manual gearbox, though, as the automatic is hesitant and makes the i10 considerably slower.

See the latest i10 deals at Leasing.com

Nissan Juke - £203.08 per month

• Model: Juke 1.0 DiG-T 114 Acenta
• Deposit: £1,827.72
• Annual Mileage: 5,000
• Term: 36 months
• Engine: 1.0-litre 3cyl petrol
• Seats: 5
• Economy: 48.7mpg
• Boot space: 422 litres

The quirky Nissan Juke was a trendsetter for the supermini-based crossover sector, and while the second-generation car now has to face much fiercer competition, it’s still very much worth considering.

The Juke shares its platform with the Renault Clio and Captur, but Nissan’s engineers have tweaked it to be far stiffer on the road. As a result, the Juke handles well for a car of its size. Inside, equipment is pretty generous on the Acenta that’s offered here, with a DAB radio, cruise control and traffic sign recognition all included.

See the latest Juke deals at Nationwidevehiclecontracts.co.uk

Vauxhall Corsa - £195.72 per month

• Model: Corsa 1.2 Design
• Deposit: £1,761.48
• Annual mileage: 8,000
• Term: 48 months
• Engine: 1.2-litre 3cyl petrol
• Seats: 5
• Economy: 53.3mpg
• Boot space: 309 litres

With the impending demise of the Ford Fiesta, the Vauxhall Corsa has enjoyed several months as the UK’s best-selling supermini. It’s not difficult to see why it’s so popular, either, as it offers strong value for money - and this also applies when leasing a Corsa.

Thanks to its light weight and updated underpinnings - which it shares with the Peugeot 208 - the latest Corsa offers a decent blend of driving enjoyment, comfort and efficiency. A reassuring amount of safety kit is included across the range, too, including automatic emergency braking and lane keeping assist. 

See the latest Corsa deals at Selectcarleasing.co.uk

Family cars

Dacia Jogger - £269.70 per month

• Model: Jogger 1.0 TCe Essential
• Deposit: £2,427.30
• Annual mileage: 10,000
• Term: 48 months
• Engine: 1.0-litre 3cyl petrol
• Seats: 7
• Economy: 49.6mpg
• Boot space: 213-1,807 litres

The Dacia Jogger may not be as visually alluring as a tall, chunky SUV, but the trade-off for this boxy shape is seven seats and up to 1,807 litres of cargo space. In fact, the Jogger is so family-friendly that we named it our Family Car of the Year for 2022. 

In typical Dacia fashion, functionality and budget lead the way in the Jogger’s design, so it’s far from being the plushest family car on the market. Essentials such as air-conditioning, cruise control and parking sensors are all there, though, and the interior should prove sturdy enough to withstand even the rowdiest of young passengers.

See the latest Jogger deals at Selectcarleasing.co.uk

MG4 - £298.25 per month

• Model: MG4 125kW SE EV 51kWh
• Deposit: £2,684.25
• Annual mileage: 8,000
• Term: 36 months
• Powertrain: 51kW battery, 1x e-motor
• Seats: 5
• Range: 218 miles
• Boot space: 363 litres

MG has been on a bit of a roll with its low-cost electric cars, and after shaking up the SUV market with the ZS EV, the MG4 is now looking to steal customers away from the brand’s more established hatchback rivals.

When it comes to price - whether buying or leasing - the MG4 undercuts several electric city cars, such as the Fiat 500 and Renault Zoe, even though it’s a much larger hatchback. While some materials are a bit on the cheap side, there are few other noticeable compromises when compared to more expensive models, such as the Volkswagen ID.3. The MG4 can even achieve over 200 miles of battery range on the WLTP combined cycle, making it an excellent choice.

See the latest MG4 deals at Lease4Less

Skoda Octavia Estate - £310.61 per month

• Model: Octavia Estate 1.5 TSI SE
• Deposit: £2,795.49
• Annual mileage: 10,000
• Term: 48months
• Engine: 1.5-litre 4cyl petrol
• Seats: 5
• Economy: 51.4mpg
• Boot space: 640 litres

Our Estate Car of the Year for three years running, the Octavia does a stellar job of proving that the traditional estate is still a top family car choice, even if many drivers are continuing to flock towards SUVs.

As you’d probably expect, the Octavia offers strong levels of practicality and value for money, but it’s also pleasant to drive and feels rather upmarket to sit in, too. Suspension tweaks have made the latest-generation model far more comfortable than its predecessor. All these qualities mean that the Skoda can take on almost anything from school runs to long-distance commutes with ease.

See the latest Octavia Estate deals at Selectcarleasing.com

Family SUVs

Cupra Formentor - £282.48 per month

• Model: Formentor 1.5 TSI 150 V1
• Deposit: £2,542.32
• Annual mileage: 8,000
• Term: 48 months
• Engine: 1.5-litre 4cyl petrol
• Seats: 5
• Economy: 44.8mpg
• Boot space: 450 litres

The Cupra Formentor offers a slightly unusual mix of hot hatch sportiness and mid-size SUV practicality. After years as a performance trim level for the SEAT Ibiza and Leon, Cupra is now a fully-fledged brand, and the Formentor was its first exclusive car.

Not only does this car look rather sporty, but it has decent performance to match - even the base 1.5-litre petrol engine offered here produces 148bhp. Although it’s practical enough for a family of up to five people, the Formentor’s light steering setup and agile chassis mean you can still have some fun in the corners.

See the latest Formentor deals at Leasing.com

Hyundai Tucson - £292.80 per month

• Model: Tucson 1.6 TGDi SE Connect 2WD
• Deposit: £2,635.20
• Annual mileage: 6,000
• Term: 36 months
• Engine: 1.6-litre 4cyl petrol
• Seats: 5 seats
• Economy: 43.5mpg
• Boot space: 620 litres

As part of Hyundai’s ambitions to move upmarket, the fourth-generation Tucson has taken a big step up in terms of quality and styling. Its bold looks could even fool some into thinking that it’s a far more expensive car. 

Inside, there’s a huge amount of cabin space for five passengers along with a cavernous 620 litre boot. Most of the interior materials have a high-quality feel to them - similar to those you’d find in an Audi - and the on-board tech is plentiful. We’re so impressed with Hyundai’s efforts that we named the Tucson our Mid-size SUV of the Year for both 2021 and 2022.

See the latest Tucson deals at Leasing.com

Peugeot 3008 - £322.82 per month

• Model: 3008 1.2 PureTech GT
• Deposit: £2,905.38
• Annual mileage: 8,000
• Term: 48 months
• Engine: 1.2-litre 3cyl petrol
• Seats: 5 seats
• Economy: 46.4mpg
• Boot space: 591 litres

The Peugeot 3008 is a fantastic contender in the compact SUV class with a great combination of interior quality, in-car tech, refinement and a strong engine range.

Sharing its underpinnings with the Vauxhall Grandland, the 3008 has a classy cabin with plenty of space so legroom and headroom will only be a potential concern for the very tallest of passengers. A flat floor, large tailgate opening and low load lip results in a cavernous 591 litre boot. Interior materials have a high-quality and upmarket feel to them and the 3008 benefits from Peugeot’s latest i-Cockpit display - similar to Audi’s Virtual Cockpit. Efficient engines and a composed ride work in the 3008’s favour making it a noteworthy contender.

See the latest 3008 deals at Leasing.com

Executive and performance cars

Audi A5 Coupe - £438.88 per month

• Model: A5 Coupe 35 TFSI Sport S Tronic
• Deposit: £3,949.92
• Annual mileage: 10,000
• Term: 48 months
• Engine: 2.0-litre 4cyl petrol
• Seats: 4 seats
• Economy: 45.6mpg
• Boot space: 450 litres

The Audi A5 is one of the older members of Audi’s lineup, but it’s still a stylish and well-built option if you’re browsing the relatively small executive coupe market. 

Sharing its underpinnings with the A4 saloon, the A5 isn’t quite as entertaining to drive as its appearance may suggest. On the plus side, though, it is very comfortable and should rack up motorway miles with ease. All A5s are well equipped, too, and feature Audi’s Virtual Cockpit as standard.

See the latest A5 deals at Nationwidevehiclecontracts.co.uk

Tesla Model 3 - £468.36 per month

• Model: Model 3 RWD Standard Range
• Deposit: £4,215.24
• Annual mileage: 6,000
• Term: 48 months
• Powertrain: 60kWH battery, 1 e-motor
• Seats: 5 seats
• Range: 305 miles
• Boot space: 425 litres

The Model 3 is the cheapest car that Tesla currently makes, but it still offers class-leading amounts of battery range, performance and technology. Even the base RWD Standard Range variant on offer here delivers a healthy amount of driving fun combined with the rapid acceleration that's synonymous with electric cars.

The Standard Range can also achieve up to 305 miles of range on the WLTP combined cycle, and this should prove plenty for most drivers. When you do need to top up, though, driving a Model 3 will also gain you access to Tesla’s Supercharger Network.

See the latest Model 3 deals at Leasing.com

How does car leasing work?

Car leasing deals work in the same way as Business Contract Hire (BCH) offers, except VAT is included. You pay an advance rental payment or deposit, select your annual mileage and contract length, and then pay a flat monthly fee for the duration of your agreement. When your contract ends, you hand the car back.

Traditionally, leasing a new car is simpler and easier than a Personal Contract Purchase (PCP) and more importantly, it generally has lower monthly payments. For these reasons, lease deals are growing in popularity, with a large number of motorists simply handing back their cars at the end of the lease and signing for a new one straight away. As popularity is growing, so is the competition between providers, meaning as a buyer you have the freedom to choose from the cream of the crop. 

In addition to the cheaper monthly payments, car leasing can offer many other useful benefits that could help you avoid the faff of dealing with independent dealerships. Car tax, breakdown cover, car maintenance and tyre repair and replacement can all be included within your agreed payment plan.

Independent lease broker deals

If the car of your dreams isn’t offered by a manufacturer-promoted lease scheme, don’t worry. Instead you can acquire your car from a leasing broker. These are independent firms that use their expertise to negotiate supply and funding deals with car makers and lending companies, and stitch together leasing deals for all manner of vehicles. In some cases the brokers offer extended contract terms too.

Related content

Should you buy or lease your new car?

Lease brokers have traditionally been focused on the fleet market, but nowadays there are plenty who offer lease deals to private customers, too. The main difference between private and fleet or business lease deals is cost, because prices for business leases are quoted without VAT being added.

While the figures above are a good starting point, take care when assessing quotes since some lease deals may involve additional admin or set-up fees. It’s also vital to scrutinise the cost of exiting a lease contract early, because ‘penalty’ charges for termination can be significant.

Business car leasing

If you’re a VAT-registered business user there could be more financial benefits from leasing your car or cars. Many leasing companies quote two prices: a personal lease and a business lease. Our prices are all for the former aimed at private customers, but business prices are without the 20 per cent VAT, which makes these deals even more affordable. Just remember, the contract has to be taken out by a business or sole trader, though, and the VAT rebate is limited to 50 per cent if the car is used for private mileage.

Looking to sell your current car quickly and for a good price? We’ve partnered with Motorway to bring you the best offer from its network of UK dealers...