Lease and Share

Cut your lease costs and share your car

Rent out your leased car when you're not using it

Cover your monthly costs with your earnings

Flexible arrangements with new car delivered to your door

Lease and Share deals

car

MG5 Electric Estate

keyless icon

115kW Excite EV 61kWh 5dr

£

339

Incl. VAT per month

36 months | 10,000 miles per year

£1,018

initial payment

Find out more

Excess mileage fees may apply.

Electric
In stock
car

Peugeot 5008 Estate

keyless icon

1.2 PureTech GT 5dr

£

433

Incl. VAT per month

36 months | 10,000 miles per year

£1,298

initial payment

Find out more

Excess mileage fees may apply.

Petrol
Auto
In stock
car

Jeep Compass SW

keyless icon

1.3 T4 GSE Night Eagle 5dr

£

389

Incl. VAT per month

for 36 months | 10,000 miles per year

£1,167

initial payment

Find out more

Excess mileage fees may apply.

Petrol
Manual
In stock
car

Abarth 595 Hatchback

keyless icon

1.4 T-Jet 145 3dr

£

232

Incl. VAT per month

36 months | 10,000 miles per year

£696

initial payment

Find out more

Excess mileage fees may apply.

Petrol
Manual
In stock
car

Vauxhall Corsa Hatchback

keyless icon

1.2 Turbo Elite Edition 5dr Auto

£

227

Incl. VAT per month

36 months | 10,000 miles per year

£682

initial payment

Find out more

Excess mileage fees may apply.

Petrol
Auto
In stock
car

Fiat 500 Hatchback

keyless icon

1.0 Mild Hybrid Dolcevita 3dr

£

220

Incl. VAT per month

36 months | 10,000 miles per year

£661

initial payment

Find out more

Excess mileage fees may apply.

Petrol
Manual
In stock
car

Abarth 595 Hatchback

keyless icon

1.4 T-Jet 165 Turismo 3dr

£

258

Incl. VAT per month

36 months | 10,000 miles per year

£773

initial payment

Find out more

Excess mileage fees may apply.

Petrol
Manual
In stock
car

Fiat 500 Hatchback Special Edition

keyless icon

1.0 Mild Hybrid Red 3dr

£

242

Incl. VAT per month

36 months | 10,000 miles per year

£727

initial payment

Find out more

Excess mileage fees may apply.

Petrol
Manual
In stock
car

Vauxhall Corsa

keyless icon

1.2 Turbo Elite Edition 5dr

£

217

Incl. VAT per month

36 months | 10,000 miles per year

£650

initial payment

Find out more

Excess mileage fees may apply.

Petrol
Manual
In stock
car

Jeep Renegade Hatchback

keyless icon

1.0 T3 GSE Longitude 5dr

£

269

Incl. VAT per month

36 months | 10,000 per year

£808

initial payment

Find out more

Excess mileage fees may apply.

Petrol
Manual
In stock
car

Fiat 500 Electric Hatchback Special Edition

keyless icon

70kW Action 24kWh 3dr

£

335

Incl. VAT per month

36 months | 10,000 miles per year

£1,004

initial payment

Find out more

Excess mileage fees may apply.

Electric
In stock
car

Fiat 500 Electric Hatchback

keyless icon

87kW Icon 42kWh 3dr

£

411

Incl. VAT per month

36 months | 10,000 miles per year

£1,233

initial payment

Find out more

Excess mileage fees may apply.

Electric
In stock

Why choose Lease and Share ?

The smart way to drive a new car and earn £650+ a month

flexible

Flexible

You're in control of your monthly payments and your car's rental availability.

hassle-free icon

Hassle-free

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

Innovative

Earn money by renting your new car out to vetted drivers and pay off your lease.

Secure

Your vehicle is covered by Karshare's fully comprehensive insurance during rentals.

How it works

Lease and Share is a unique car sharing solution that makes having a new car more affordable.

1

Order a vehicle

Choose your car and decide how long you want to keep it for. After confirming the lease, the vehicle will be delivered to your door.

2

KarshareGo fitted

Karshare will arrange the fitting of our keyless technology, meaning you can easily share your vehicle without in-person key handovers.

3

Ready to share

You can set your vehicle's availability and daily rental price either in the app or online. Now your new car is ready for rentals!

Earnings calculator

How much could you earn?

Find out how much you can earn by renting out your leased car.

Vehicle price per day:

£40

Days rented out per month

6

Your monthly earnings

£100

After Karshare’s service and insurance fee of 30%. Earnings may differ due to the duration of bookings and when they take place.

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It's such a great way to get a brand new car without getting into debt and it's really easy to block out time for myself on the calendar when I need it.. It's allowed me to fulfill my dream of finally driving a convertible. So far I've covered my leasing costs and insurance every month by lending it to others so effectively I've got a brand new car for free.

Excellent

5 starstrustpilot star

Jackie

January 7, 2022

FAQ

What is leasing?
Leasing, also known as contract hire, is a car finance arrangement designed to get you behind the wheel of a brand new vehicle without having to pay the full cost that comes with buying outright.
With so many great new vehicles available and rapidly evolving vehicle technology, most notably within hybrid and electric vehicles, leasing offers a convenient option for those wanting to enjoy these new vehicles without the worry of depreciation.
Why lease through Karshare?
Car finance arrangements typically contain clauses that prohibit the vehicle being made available for car sharing. On average cars are used only 4% of the time and with millions of cars in the UK being secured through car finance so there is a huge opportunity for these vehicles, typically newer and more efficient, to be doing more i.e. replace journeys being made in older, more polluting vehicles.
Karshare is committed to creating partnerships with innovative car finance providers who recognise the role they can play in accelerating sustainability improvements within communities. 
Transport is the largest contributor of carbon emissions in the UK and through Lease and Share there lies the opportunity for people deterred by the cost of moving to a hybrid or electric vehicle to offset the cost of making the switch by sharing the vehicle with others in their community and generating rental income that can then be used to support the monthly lease payment.
How does leasing work?
Leasing is flexible; choose your car and decide on a term i.e. months you want to keep the car and miles you expect to drive. 
Unlike other car finance arrangements, there is no requirement to make a final payment for the vehicle at the end of the term nor is there an option to buy the vehicle at the end of the term i.e. with a lease you never own the vehicle.
The leasing company, not you, takes on the depreciation risk of your chosen vehicle and responsibility for selling the vehicle at the end of the lease.
At the end of the term the vehicle is collected from your home leaving you free to choose your next vehicle from all available makes and models. 
How long can a vehicle be leased for?
Lease lengths typically start from 24 months (2 years) and increase up to a maximum of 60 months (5 years). A 36 month lease is most common; typically the longer the lease the lower the monthly payments.
What mileage options are available?
Contracts permitting use from as little as 5,000 miles are available; typically the lower the mileage the lower the monthly payments. The average annual mileage in the UK is around 8,000 miles.
Am I restricted in choice in any way? 
No. Most vehicles being leased are built to order therefore if you require specific extras these can be added as part of the order process to ensure the car you receive gives you the very best driving experience. Please note extras typically increase the overall cost of the lease.
How much does leasing cost?
This is calculated by the leasing company taking into consideration the purchase price of your chosen vehicle and the forecasted value of the vehicle based on your chosen term. 
Typically a longer, low mileage arrangement will have cheaper monthly payments than a shorter, high mileage contract.
What is included in the monthly payments?
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. 
What additional services are available with leasing?
Maintenance cover that includes routine servicing and replacement tyres is an additional service that can be added and included within the monthly payment. This offers further peace of mind and also convenience re: budgeting to keep your vehicle roadworthy.
Is insurance included?
No - you will need to secure insurance as you would with any owned vehicle.
How do monthly payments work?
Typically a lease will have a first payment, often referred to as an initial or upfront payment, and then fixed monthly payments thereafter until the end of the contract. 
Advertised lease prices will highlight the monthly payment and the initial payment. Typically the latter will be a multiple of the monthly payment, the larger the initial payment the lower the monthly payments and vice versa.
A typical lease payment profile would be a 36 month term with an initial payment of six times the monthly payment. 
Working this scenario through and assuming a stated monthly payment of £300 so the initial (first) payment would be £1200 (6 x £300) followed by 35 payments of £300. 
This will typically be summarised as a 6+35 payment profile.
When is the initial payment due?
No payment is taken until after the vehicle is delivered to you.
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. 
What happens after requesting a lease quote?
Once you have decided on a vehicle (including extras and maintenance) plus a term and a payment profile and you wish to proceed so 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 lease agreement will be 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.
What happens at the end of the contract?​
At the end of the term the 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 been used more than agreed in the contract so charges will 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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