Drivespeed Leasing

Drivespeed Leasing: car and van leasing for private and business customers

Drivespeed Leasing Limited operates as a credit broker and a lender, authorised and regulated by the Financial Conduct Authority. The company arranges vehicle leasing for both personal and business customers, presenting itself as a specialist that builds flexible contracts around each client's circumstances rather than a single fixed product. Its client base is described as ranging from small businesses to large corporate entities.

The offer covers new cars, commercial vehicles and a used electric vehicle range. The site frames leasing as a long-term rental of a brand-new vehicle, usually over two to four years, in which the customer pays for depreciation and a margin instead of the full purchase price. Most leases are said to include road tax, warranty and UK delivery, and the vehicle is returned at the end of the term rather than owned.

Contract structures and payment options

Drivespeed sets out several contract types in its enquiry forms: Personal Contract Hire, Business Contract Hire and Business Finance Lease. Initial rental options run from one to twelve months, and contract terms are offered at 24, 36 or 48 months. The company explains the common "3+35" structure, in which three months' rental is paid upfront followed by 35 monthly payments, and notes that a larger initial payment lowers the monthly cost.

Enquiries can specify a preferred mileage or upfront payment, and the sales team responds with a tailored quote. The site also states that all leases are subject to credit approval and may change at any time.

Vehicles and current offers

The catalogue highlights a BYD Atto 3 all-electric hatchback (150kW Comfort, 60kWh, five-door automatic) advertised from £292.12 plus VAT, an offer presented as available to both business and personal customers. A Ford Transit Custom MS-RT is listed on business finance lease from £690 plus VAT per month. Van leasing is promoted separately, from small city models to large cargo vehicles, and a used electric vehicle range is offered as "recharged and ready to drive". Brand coverage shown on the site includes Audi, BMW, Ford, Mercedes-Benz, Peugeot and Volkswagen.

What the leasing terms involve

The company's explanatory material sets out the conditions a customer should weigh before signing. Annual mileage allowances apply, with excess mileage charges for going over them; the vehicle must be returned in good condition subject to fair wear and tear; and early termination can require the remaining rentals or a termination fee. Leasing requires a credit check, and fully comprehensive insurance must be arranged by the customer, as it is not included. Optional maintenance packages are available on some leases, without which servicing and repairs fall to the driver. Because the car is not purchased, resale value and depreciation are not the customer's concern, and fixed monthly payments make budgeting predictable.

Regulatory details and affiliations

Drivespeed Leasing Limited is registered in England and Wales under company number 10757480, with a registered address at 81 Burton Road, Derby, Derbyshire, DE1 1TJ. Its data protection registration number is ZA253951, VAT number 274 9150 83 and BVRLA membership number 7535. The site also lists compliance documentation covering initial disclosure, treating customers fairly, commissions disclosure, complaints procedure, terms and conditions, cookies and privacy.

Customer feedback

Testimonials published on the site and attributed to Trustpilot describe dealings with named staff, including help resolving a delivery logistics problem and fast responses to enquiries. One business customer reports having used the company for several vehicles after a recommendation. These are individual accounts rather than an aggregate rating.