Last update 1. December 2021 Reading time 2:20 min
About Lease Plan
Lease Plan are a large, multinational car leasing company with a strong corporate focus. They have over a million vehicles across over 30 countries and run their leasing service with insurance included. They also have a car subscription arm which, as with the leasing, has a large corporate element, although private customers can use their services too. The UK arm of the company is based in Slough, but they offer collection and delivery across the country, and there is the opportunity to switch from a subscription to a lease, and then to purchase vehicles under the lease term.
How it works
Customers get a range of vehicles to choose from that is determined once they register. As Lease Plan are such a large company, the selection is greater than with dedicated subscription-only companies.
Customers must register to look at available cars, lease terms and prices. Then, after ID and driving license checks, the standard term is 3 months. After the initial 3-month period, the contract continues but with 14-day cancellation, up- or downgrade terms, with no cancellation fees or deposit.
Insurance, maintenance, roadside assistance and tax are all included in the price – the only thing you need to pay for is fuel. In the case of electric vehicles, charging facilities are provided.
Costs and fees
Lease Plan keep the specifics of their costs secret until you have contacted them with genuine interest in becoming a customer. However, they do state that there is no deposit, and no penalty for cancellation after the initial 3-month period, as long as you give 14 days’ notice.
They also advertise a price matching service, meaning that if you aren’t willing to go through a phone call situation, you could feasibly shop around, find a reasonably-priced subscription contract, then go to them and ask them to match it if your preference is to be contracted with a larger, better established company than a newer subscription site.
Brands and models
Customers have access to the Lease Plan range, which is advertised as over 1 million vehicles across 30 countries. They have a stated aim to become a fully digitised firm over the next few years, so they also have access to a range of hybrid and fully electric vehicles.
After the initial 3-month sign-on, Lease Plan’s subscription contracts revert to 14-day cancellation and up or downgrade notice periods, with no penalties.
What’s special about Lease Plan?
As Lease Plan are tied to a major multinational leasing company, subscription customers benefit from their reputation and customer service. However, they also get to choose from a much larger fleet of vehicles than other subscription companies, while still having access to similar terms; no deposit, insurance, tax and roadside assistance included, and reasonable allowance for wear and tear.
The corporate focus is stronger with Lease Plan than with many of its competitors; companies can use the service with no mileage limits and reasonable costs on mileage in excess of standard agreed contract terms. In addition, Lease Plan incentivise customers to use their service more than once, by offering rewards such as holiday vouchers or weekends in luxury sports cars. They also price match, which means that if you see a good deal on another site, the chances are they will match or better it.
Lease Plan work slightly differently to the majority of their competitors as they are such a major company in the leasing world. The subscription service is almost tagged on as an afterthought, but that doesn’t mean it isn’t an attractive option for customers. With plans including insurance, repeat custom rewards and price matching, the company is able to compete with all the dedicated subscription sites in the UK. And on sheer choice of vehicle, Lease Plan can’t be beaten.