The initial rental is the first payment that you will make towards your new lease car. The initial rental is calculated in multiples of the monthly rental and will usually be either 1, 3, 6, 9 or 12 times the monthly payment. The higher the initial rental, the lower the monthly payments will be.
Although initial rental is sometimes referred to as a deposit, the initial rental is not to be confused with a deposit. The initial rental does towards paying for your lease agreement. The initial rental will not be refunded at the end of your contract.
Your initial rental payment will be made to the finance company. NewCarsOnline is a broker, we do not handle your payment.
If you'd like any more information on the initial rental, please, call us to speak to one of our expert account managers.