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Lease and Share

Get a brand new car and earn up to £550 a month

What is Lease and Share?

Flexible

Flexible

With car leasing you are in control of your monthly payments. If it depreciates, lease it.

Hassle-free

Hassle-free

With car leasing there are no depreciation worries. Return the car when the contract ends.

Innovative

Innovative

A car lease that allows you to earn money through sharing is an industry first in the UK.

Secure

Secure

Earn money whilst retaining control over when your vehicle is used by vetted drivers.

How Lease and Share works

1. Vehicle ordered

1. Vehicle ordered

Once the vehicle and term are decided, our leasing partner will run an affordability check. Upon acceptance and signing of the car lease contract, the vehicle is ordered.

2. Vehicle delivered

The vehicle is delivered to your door and payments start thereafter.

2. Vehicle delivered
3. KarshareGo fitted

3. KarshareGo fitted

Once delivered, Karshare will arrange the fitting of our keyless technology to allow the vehicle to be easily shared.

4. Ready to share

Karshare provides the tools to ensure you retain control over when the vehicle is available and how much you earn.

4. Ready to share

Frequently asked questions

Leasing, also known as contract hire, is a simple way to get behind the wheel of a brand new vehicle without having to pay the full cost that comes with buying outright. 

Choose your vehicle, decide how long you’d like to keep it (the term) and how many miles you expect to travel over the term. 

It is important to note that with car leasing, unlike other car finance arrangements, there is no option to own the vehicle at the end of the term. Throughout the contract the leasing company remains the registered owner with the leaseholder being the registered keeper.

Lease terms typically start from 24 months (2 years) and increase up to a maximum of 60 months (5 years). Typically the longer the term the lower the monthly payments.

Contracts permitting annual mileage from 5,000 miles are available. Typically the lower the mileage the lower the monthly payments.

In addition to term and mileage the make and model of the vehicle chosen, including any extras that might be required, will impact the price. 

Monthly payments are calculated taking into consideration the difference between the purchase price of the vehicle including any specification extras that are decided upon by you that are not offered on the vehicle as standard and the price the leasing company forecasts the vehicle will be worth when returned at the end of the contract. 

The car leasing company, not you, is therefore taking on the depreciation risk of your chosen vehicle along with the responsibility for selling the vehicle.

Road tax is included in all contract lengths as is vehicle delivery and collection. For terms greater than 36 months MOT costs are also included.

Maintenance is an additional service that can be added which offers further peace of mind.

No payment is taken until after the vehicle is delivered.

This is highly advantageous in that it allows time for you to place an order and then, if applicable, decide how and when to dispose of any vehicle you may be replacing your new vehicle with.

Once you have decided on a vehicle, term and mileage plus any specification extras and services and agreed on a payment profile an affordability check will be undertaken. In order to complete the checks you will be required to provide sufficient information for the leasing company to complete a credit check. 

Assuming the financial application is successful the car lease agreement will be drawn up and sent to you for review and signature. Once signed an order for your required vehicle will be placed and a delivery time confirmed. During the quoting process an estimated delivery time will be provided to you.

At the end of the term the car leasing company will arrange to have the vehicle collected leaving you free to decide how and from whom you get your next vehicle. 

When collected the condition of the vehicle will be inspected and the mileage noted. Should the vehicle be in a condition that falls outside of the leasing agreement and / or have travelled more miles than contracted additional charges may apply.

Points relating to condition, often referred to as fair wear and tear will be clearly stated in the leasing agreement as will charges for excess mileage. Any questions relating to this can be answered when requesting a quote.

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