Top 5 Mistakes People Make When Leasing a Car (And How to Avoid Them)

4 Jun

Leasing a car sounds simple doesn’t it. Pick a car, sign a contract, and drive off. But it’s also where many people trip up. From underestimating mileage to overpaying on finance, the wrong move can turn a good deal into a regret.

Here are the top 5 mistakes people make when leasing a car - and how working with a broker like Prestige Vehicle Leasing can help you avoid them.

1. Underestimating Your Mileage

The mistake: Picking a low mileage cap to reduce monthly payments - then getting hit with excess mileage charges.

Avoid it by: Being realistic. If you’re not sure, we’ll help estimate it based on your routine, commute, and holidays.

2. Focusing Only on the Monthly Price

The mistake: Choosing the cheapest monthly payment without looking at fees, deposit, balloon payments, or contract length.

Avoid it by: Looking at the total cost of the lease - including any hidden charges. We present everything up front.

3. Choosing the Wrong Type of Finance

The mistake: Signing up for a finance plan you don’t fully understand (like confusing PCP or Hire Purchase with leasing).

Avoid it by: Getting clear advice. We’ll explain the differences and recommend the right finance route for your needs.

4. Not Checking the Car’s Lead Time

The mistake: Assuming the car is in stock and ready to go - then waiting months.

Avoid it by: Letting us check real-time availability through our dealer contacts. No false promises.

5. Trying to Do It All Yourself

The mistake: Thinking you’ll save money by cutting out a broker. Often, it’s the opposite.

Avoid it by: Using a trusted broker who can:

Find exclusive offers
Handle all paperwork
Give unbiased advice

Final Thoughts

Leasing isn’t risky - if you know what to look out for. At Prestige Vehicle Leasing, we’ve helped hundreds of clients avoid these exact pitfalls.

Whether you’re a first-time leaser or just want to make sure you’re not overpaying, we’re here to make the process simple, honest, and smart.

Want to talk through your next car? Let’s chat.

Jordan Smith