What Is Your Leasing Budget?

You've had a look at which lease type suits you the most - next you need to identify your leasing budget before you get started looking at cars. Our guide is here to help you work out your leasing budget ready for finding that perfect car. 

When looking at leasing, you will need to decide on a car lease budget that suits you. Our website has a budget filter so that you can see all of the lease cars that fall into your budget and can choose the car that fits your needs accordingly.

Setting A Car Lease Budget


  • Calculating Your Car Lease Budget:

    • You will need to note down your current income and expenses.
      • This means how much do you have coming in (from your salary, any rental properties you may own etc) and how much do you have going out (from rent/mortgage payments, living expenses (food shopping / clothes etc)).
      • Once you have identified what money you have left over in your account: you have your starting point.
    • You will also need to be able to finance the initial rental.
      • This is the upfront payment you will need to pay at the start of your contract. The more you put in upfront, the lower your monthly payments can be.
      • If you have some funds saved up and can afford to pay more at the beginning, you can save more monthly – you will need to look at a 9-months or 12-months upfront payment.
      • If you don’t think you can afford to put too much in upfront, and would prefer you pay more monthly instead, you need to be looking at a 1-month or 3-months upfront payment.
  • Running Costs:

    • Now you need to consider the running costs of the vehicle.
      • Insurance Payments: Whether you like to pay insurance upfront or monthly, you will still need to consider your insurance as a running cost. You can get a rough idea of insurance costs by using comparison sites and filling in the car details manually.
      • Servicing and Maintenance: If you have your lease car for a longer period like 4 or 5 years, you will need calculate any servicing payments that you will need to make for your lease vehicle. There is also the choice of taking out maintenance throughout your contract term – we offer a maintenance price across all our deals – found out more about maintenance here.
      • Fuel Costs: Regardless of whether you choose a petrol, diesel, hybrid or electric vehicle, there will be fuel costs that you need to consider. The best thing to do is figure out your monthly mileage usage and multiply that by an average fuel cost to get your monthly fuel costs.
  • Other Costs:

    • Depending on where you live, there may be extra costs that you would need to include as well. Such as:
      • Tolls
      • Parking Fees
      • Congestion Charges
      • Permits

It is always best to come up with a minimum and maximum budget amount when looking for your perfect lease car. You need to ensure that you leave yourself with enough income to cover your outgoings and still have a disposable income that covers your rental comfortably.

Any Questions?


If you have any questions about your leasing budget or need some help creating one, you can give us a call on 0345 350 3776, email us at enquiries@willowleasing.com or send us a message on our live chat service.