How To Upgrade Your Lease Car

 
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Are you coming up to the end of your current leasing contract and are unsure about the process of upgrading to a new model? We’ve got you covered. You can upgrade your lease car in three simple steps!

  • Step one: speak with your provider
  • Step two: compare deals elsewhere to find the right deal for you
  • Step three: return your current lease and choose a new car that suits your needs
 
 

Three easy steps to upgrading your lease car

 

Below is a handy, easy-to-read guide on the process and key dates to be aware of as you creep up to the end of your current lease.

 

Step One: Speak to your provider

 

Once you’re set on wanting to upgrade your lease car, the first thing you’ll need to do is speak with your current provider. As you approach the end of your lease contract, they should contact you around 3-4 months before the end date. This is a simple drop-in to discuss your options moving forward, as well as arranging a collection date for your current vehicle.

Of course the decision is entirely yours, and if you like the sound of the deals being offered by the provider you might feel comfortable dealing with the same people as you did during your previous lease. However, if you aren’t completely satisfied with these options, you are free to explore other options in step two.

 

Step Two: Compare deals elsewhere to find the right deal for you

 

Comparing other deals elsewhere may sound like unnecessary hassle but with sites such as ours it doesn’t have to be. With Moneyshake, simply enter your preferred type of car and we will find the right deal for you based on your budget and other possible filter options.

 
simple leasing wizard tool
 

If you already know the make and/or model of the car you’d like to lease, simply navigate to the manufacturers page and a list of the best deals from over 20 dealerships will be there for you to compare.

If you are ready at this stage, get started with your comparison today!

 

Use our easy comparison wizard

 

Step Three: Return your current lease and choose a new car that suits your needs

 

Once you have found the right deal for you, simply enquire with the provider and they’ll be in touch to finalise the details. All that is left to do at this point is have your current vehicle collected, and your new car delivered!

For guidance on the process of returning your vehicle, read our recent guide!

When you lease a vehicle, it is expected to be returned in good condition. At the point of taking your current lease out, the provider may have provided you with a BVLRA Fair Wear and Tear Guide. If not, you can read our explanation of the guidelines.

 

Lease car upgrade timeline – key dates

 

Use our quick, easy-to-read timeline to make sure you have all bases covered when it comes to upgrading your lease car

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Can I upgrade my lease car early?

 

If you don’t want to wait until the end of your current lease agreement before upgrading to a new model, you can upgrade early.

 

You’ll need to settle any outstanding finance on your current lease agreement before upgrading to a new car early. This includes any unpaid monthly rentals, excess mileage charges or damage charges (if applicable)

 

Should I choose an in-stock car or a factory order?

 

The time it takes for your new car to be delivered to your door depends on the stock available when you come to order. Cars that are currently in stock will usually have a 3-week turnaround before they are at your door. Cars that are made to factory order will require up to 6 months to be produced before you can expect to be driving away with it.

Therefore it is important that you have an idea of which car you would like to order so that you can enquire about leasing it with enough time for it to be produced, without leaving you car-less for months!

The process becomes a lot shorter when you select a vehicle that is already in stock at the dealership. The 1-2 days before the order is confirmed is followed by an industry-wide average 14-day delivery time, meaning that you can be driving your dream car in less than three weeks.

 

Want to receive delivery of your new car as quickly as possible?

 

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