Apart from the fact that you own the vehicle at the end of the deal, the main advantages of rental financing are that it is like this: you want to buy a Nissan Qashqai worth £12,800, so opt for a 48-month lease with an annual effective rate of 10.9%. You have a deposit of £500, so the loan amount required is £12,300. The interest, combined with the amount borrowed, is divided into 48 monthly payments of £314.27, bringing the total amount payable to £15,698. If the final payment has been made and all remaining lender fees have been settled, the car is yours. People who have a bad credit history may find that lenders offer them higher interest rates or worse credit options. Some may refuse to lend you money. Fortunately, there are ways to improve this score over time and increase your chances of car financing. While it may take time, it has the best long-term benefit. Buying a lease is a very popular form of car financing, but it`s worth knowing how it compares to other available options.