- Every type of car lease requires an initial deposit.
- No deposit is required to book your electric car when you have an Onto subscription.
Can you lease a car without an initial deposit? Traditional leasing methods all require deposits before you can drive, but a subscription with Onto gives you access to the latest electric cars - with no deposit.
In general, it's not possible to lease an electric car without paying a deposit. Whether you’re financing your electric car through a personal contract purchase, personal contract hire, or hire purchase, you won’t be able to start driving until you’ve paid the required deposit.
An electric car subscription with Onto is the only way to access the latest electric cars without paying a deposit. Instead, you’ll only pay an all-inclusive monthly fee for as long as you keep the car.
The initial deposit you pay to lease a car will depend on the value of the car and the type of lease you choose. The deposits for a hire purchase and personal contract purchase tend to be higher than those for personal contract hire, and more expensive cars will also require high deposits.
Generally, hire purchase deposits are around 10% of the car’s value. Some drivers may choose to pay a higher deposit for lower monthly payments, but most pay around 10%.
Personal contract purchase deposits also tend to be around 10% of the car’s value, but unlike hire purchase, there isn’t much benefit to putting down an even larger deposit.
While hire purchase and personal contract purchase deposits are based on a car’s value, personal contract hire deposits are usually three to six months of your monthly lease payment.
Onto make it easy to drive an electric car without paying a deposit. Simply go to our cars page, choose your preferred car and book it in a few minutes.
You won’t have to pay any deposit when you sign up, and you’ll only begin making monthly payments when you book your first electric car. Plus, your all-inclusive subscription comes with insurance, maintenance, and plenty of free public charging options - everything you need to get on the road quickly and stay on it safely.
For an all-in monthly fee, enjoy all the benefits of car ownership, but none of the hassle.