Car Leasing

A simple way to drive a brand-new car at a monthly cost that suits you.

What is car leasing?

A car lease works like a long-term rental. You’ll choose an initial rental and then make fixed monthly payments to use the car for a set amount of time. 

Unlike other kinds of car finance we offer, like Hire Purchase (HP) or Personal Contract Purchase (PCP), you won’t have the option to own the car, so when the lease ends you’ll have to hand it back in good condition.

The features of leasing with Bank of Scotland

  • Choose from thousands of new cars from more than 30 manufacturers.
  • No resale worries, when your lease ends you’ll have to hand the car back. No need to worry about selling it or negotiating a trade in with a dealer
  • Choose a term between 2 and 5 years, mileage limits and initial rental that suit you and check your eligibility with no affect on your credit score.
  • For peace of mind you can add a maintenance and breakdown package to your monthly rental. This includes routine servicing, tyres, replacement parts due to fair wear and tear. 

Leasing is exclusively provided by Lex Autolease Limited. Bank of Scotland plc act as a credit broker not the lender.

Watch our short video to find out how car leasing with Bank of Scotland works.

You can also read our useful guide to find out more information about Car Leasing. 

  • There’s a simple way to drive a brand-new car. 

    Meet the new addition to our finance options – Car Leasing. 

    But, what is car leasing?

    A car lease works like a long-term rental. It allows you to drive a new car for an agreed period of time and mileage. For a fixed monthly rental. 

    You won’t have the option to own the car, but it does mean you could drive a brand-new car within your monthly budget.

    And when the lease ends, you’ll just have to hand it back in good condition to avoid extra charges. So, there’s no need to sell the car or worry about depreciation.

    As technology and electric vehicles are developing all the time, this could help you keep up with all the latest advances.

    So, how does car leasing with Bank of Scotland work?

    Simply log in to your Mobile Banking app or Internet Banking and choose from over 4,000 brand-new cars from more than 30 manufacturers. 

    There’s no need to visit a dealer or haggle over price. 

    You can select to lease the car from two to five years.

    And choose a rental amount to suit you. 

    As it’s a brand-new car, it’ll be under warranty – so you get a more reliable and up-to-date car for your money. 

    For peace of mind, you can add a maintenance and breakdown package to include servicing, tyres, replacement parts and repairs.

    Once you’ve selected your options, simply order your car online and get it delivered to you.

    Your subsequent monthly payments are then set at a fixed price for the remaining term of your contract, so you can manage your finances easily online.

    So, why not explore car leasing by logging in to your Mobile Banking app and starting your journey towards a modern driving experience today?


Ready to apply?

Ready to apply?

Check your eligibility and personalise your car

Apply for Car Leasing

How does leasing work?

Step 1

Step 1

Choose your car

You pick a brand new car from a choice of 30 manufacturers and thousands of models. You can fully customise your car to select colour, interior trim and any extras you would like.

Step 2

Step 2

Get a quote

Tell us how long you want the car for, your annual mileage and the initial rental amount you’d like.

We’ll then give you an instant quote with no affect on your credit score.

Step 3

Step 3

Place your order

We’ll ask for some information about you and your finances. If you’re approved for a lease, your order will be placed with the dealer network.

Step 4

Step 4

Sign the paperwork

We’ll send you your leasing documents to read once we’ve selected the dealer who can provide your car. Once you sign these documents the car build process will begin.

Step 5

Step 5

Take delivery of your car

Once your car is ready we’ll deliver it to your door, for free, at a time that suits you.

Step 6

Step 6

At the end of your lease

At the end of your contract the car will be collected from you. As long as the car is in good condition and you have kept to the mileage you agreed at the start of your contract, you won’t have anything more to pay.

Frequently asked questions

Have a question about car leasing? see our most frequently asked questions:

  • Yes they are. You can choose from thousands of brand new models.

  • No, there’s no option to own the car. When your lease ends you’ll have to hand the car back to us.

  • No it won’t. A soft credit check will be done, but this won’t affect your credit score.

    The finance will only appear on your credit file if your application is successful and you finalise your agreement.

  • The lease is provided by Lex Autolease. They work with a network of dealers. When you place your order, they’ll look for one who can provide the car.

  • You won’t need to pay anything until your car is delivered. When you sign your leasing documents you’ll also set up a Direct Debit. Your first payment will be taken once the car has been delivered to you.

  • All lease contracts include the following:

    • Use of a car for the duration of your contract.
    • Free Great Britain (GB) mainland delivery.
    • Vehicle tax is provided for the term of the lease.
    • Full manufacturer’s warranty*. 

    *You need to consider the following with regards to the manufacturer warranty:

    The warranty may expire before your contract ends depending on the term you have chosen. 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.

    An optional maintenance service is available which can be used to cover the following costs.

    The optional maintenance package includes:

    • Routine services.
    • Replacing tyres.
    • Labour, parts and repairs.
    • Breakdowns.
    • MOTs.

    You can choose to take the 'with maintenance' option when setting up your quote. Your monthly rental quote will be updated to include the cost of the maintenance for the full term of your contract. 

    Please note:

    Optional maintenance is only available to take up at the time of your online application.

    Repairs or replacements from accidental or malicious damage and damage caused by driver misuse or abuse are excluded. The car must be serviced in accordance with manufacturer’s guidelines and by an approved service dealer.

  • You’ll get an email which will give you an expected delivery date for your car.

    Note: There are a number of things that can impact the delivery time of a car. Shortages of parts and other factors mean that it can take longer than usual for new cars to be delivered at the moment.  As a guide, most cars can be delivered within four months of an order being placed. Some prestige cars or cars with a lot of features can take longer. Pre-registered or in-stock offers may be available much sooner.

    Your order will be tracked and you’ll be notified of any changes via email.

    The dealer will contact you directly when your car is ready to be delivered and will arrange a convenient time to deliver the car to you. Deliveries generally take place Monday to Friday between 9am and 5.30pm.

  • Yes. There should be no problem with adding a private registration/cherished plate to your car. You’ll be charged an admin fee to add the plate. You’ll also be charged an admin fee at the end of your contract to remove it.

    You can get in touch to discuss and arrange adding a cherished plate.

  • Some wear and tear is expected but any extra damage that falls outside of the BVRLA (British Vehicle Rental Leasing Association) Fair Wear and Tear guidelines will be recorded and you may be charged.

Additional help and support

Visit our contact & support pages to see how we can help you manage your money.

You can also find links to free and independent advice on our Money worries pages.