Used Car Leasing

Why lease a used car through IVF

Very few UK leasing brokers offer used vehicles at all, and fewer still can tell you exactly where every car came from. Ours come from Lex Autolease, one of the largest fleet suppliers in the UK. That matters, because fleet cars are professionally maintained on schedule throughout their working life, so an ex-fleet car arrives with full service history and is typically in excellent condition. It is a very different proposition from a used car of unknown history on a forecourt.

The economics work in your favour twice. A new car loses the largest slice of its value in its first years, and on a used lease that steepest depreciation has already happened, so the monthly rental is lower than an equivalent brand-new lease. Then, because servicing, maintenance and tyres are included in the rental, the usual ownership unknowns are fixed into one predictable monthly figure. Intelligent Vehicle Finance is also part of Global Vehicle Group, whose brands have funded more than 70,000 vehicles - so behind the personal service sits genuine group scale.

The stock is mainly electric, alongside plug-in hybrids, hybrids and a selection of petrol and diesel cars, and it changes as vehicles come off fleet. If the car you want is not in the grid above, request a callback and we will tell you what is landing next.

The used electric company car: a tax angle most businesses miss

Here is a detail that surprises many directors. Company-car tax is always calculated on the car's original list price when new, whether the car itself is new or used. On a petrol or diesel that works against you. On a used electric car it flips into an advantage: the benefit-in-kind rate on a fully electric company car is just 4% in 2026/27, so the taxable benefit stays very low, while the lease rental on the used car is substantially lower than the same car cost new.

Put those together and a used electric company car can be one of the most cost-effective ways for a UK business to run a car: a low, predictable taxable benefit for the driver, a reduced monthly rental for the company, and servicing, maintenance and tyres already inside the payment. Our guide to company car tax and BIK rates sets out the full HMRC tables to 2029/30 with worked examples.

We are vehicle leasing specialists, not tax advisers, so always confirm your own position with your accountant - but we will gladly work the leasing figures through with you. See our business car leasing page for how leasing works through a company.

How used car leasing works

Leasing a used car through Intelligent Vehicle Finance is straightforward:

1. Tell us what you need. Call us or request a callback. We ask about your mileage, whether it is a business or personal lease, and your timescale.
2. We check the current ex-fleet stock. The used range changes as cars come off fleet, so we confirm what is available right now and what is arriving next.
3. We arrange the lease. As an FCA-authorised broker we source your finance and set out clear written options showing the monthly rental, initial rental, contract term, mileage and any applicable fees.
4. Free UK delivery. Your car is delivered to your door at no extra cost - and because it is a physical in-stock vehicle, that is typically much sooner than a factory order.
5. Drive, with maintenance covered. Servicing, maintenance and tyres are included in the rental. Insure it, charge or fuel it, and drive. At the end of the term, hand it back within the agreed mileage and fair wear and tear.

Can you lease a used car in the UK?

Yes. Used car leasing works like a standard contract hire agreement: a fixed monthly rental over an agreed term and mileage, then the car goes back. Very few UK brokers offer it. Intelligent Vehicle Finance leases used ex-fleet vehicles from Lex Autolease, with servicing and maintenance included and free UK delivery, for both business and personal customers.

Where do the used cars come from?

All of our used lease cars come off fleet from Lex Autolease, one of the largest fleet suppliers in the UK. Fleet vehicles are professionally maintained on schedule throughout their working life, so they arrive with full service history and are typically in excellent condition.

Are servicing and tyres included in a used car lease?

Yes. Servicing, maintenance and tyres are included in the fixed monthly rental on our used lease cars, unlike a standard new-car lease where maintenance is an optional extra. You arrange insurance, charge or fuel the car, and drive.

Is a used car lease less expensive than a new one?

Typically, yes, for an equivalent car. A new car loses the largest slice of its value in its first years, and on a used lease that steepest depreciation has already happened, so the rental reflects it. With maintenance also included, the total monthly cost is usually lower than leasing the same kind of car brand new. The exact comparison depends on the model, term and mileage, which we will set out in writing.

How does company-car tax work on a used electric car?

Benefit-in-kind is always calculated on the car's original list price when new, even for a used car. Because a fully electric company car sits at just 4% benefit-in-kind in 2026/27, a used electric company car combines a very low taxable benefit with a lower monthly rental, which can make it exceptionally cost-effective for a business. Rates are set by HMRC and subject to change; confirm your position with your accountant.

What condition are ex-fleet lease cars in?

Typically excellent. Fleet cars are serviced on schedule by professional fleet management throughout their working life and come with full service history. Every car is checked before delivery, and because servicing and maintenance remain included during your lease, the car stays professionally maintained for as long as you drive it.

What initial rental options are available?

You can choose an initial rental of 1, 3, 6, 9 or 12 months on our used lease cars, so you can shape the upfront payment around your cash flow. A larger initial rental reduces the monthly rentals that follow. We set every option out clearly in writing before you commit.

How quickly can a used lease car be delivered?

Used lease cars are physical in-stock vehicles rather than factory orders, so delivery is typically much sooner than a new-car lead time. Once your agreement is in place, the car is delivered to your door anywhere in the UK, free of charge. We confirm the realistic delivery date for your specific car when you enquire.