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You know we love a good lease deal at Total Loss GAP. Today, we have been scouring the latest deals on Leasing.com (no affiliation, other leasing websites are available!) and spotted something quite interesting.
The Leapmotor T03 is an electric vehicle designed for city driving. You can also secure a 2-year lease with monthly payments (including 12 months' advance rental) for just £99.99 per month.
The Leapmotor T03 is available in Europe through a joint venture between the Chinese manufacturer, Leapmotor, and the European heavyweight carmaker Stellantis. 
The vehicles for sale in Europe have been assembled at a Stellantis factory in Poland; however, that arrangement ended earlier in 2025. UK vehicles are now imported from China.
The T03 is a cheap EV by anyone's measure. If you want to buy one, then you would get change out of £16,000. With a maximum range of 165 miles, the car is ideal for modern, urban driving and is perfect for someone looking for a vehicle that will not put too much of a dent in their finances.
The advertised lease deal for an 'in stock' T03 is on a Personal Contract Hire basis (so VAT is included).
The payment profile consists of 12 monthly rentals 'up front' (your advanced rental) of £1,199.88, with a further 23 payments at £99.99 per month.
This provides a full lease cost of £3,499.65.
You can adjust your 'up front' rental down if you wish. An alternative payment profile is an advanced rental of one monthly payment of £159.01 and 23 further monthly payments of £159.01. There is also an additional administration fee of £129 for this deal.
The full lease cost here is £3,945.24.
Either way, a brand new car for less than £2k a year is not too bad at all.
How much is GAP Insurance for this deal?
As one of the UK's best-known specialist GAP Insurance providers, you would expect that Total Loss GAP can cover you for this lease too.
Running through the quotes, we can provide the following indicative premiums for the two-year deals:
Lease payment profile 1:
£57.25 for a 2-year term for Lease & Contract Hire GAP
£97.46 for a 2-year term for Lease & Contract Hire GAP to include cover for the advanced rental payment too
Lease payment profile 2:
£66.53 for a 2-year term for Lease & Contract Hire GAP
What do these GAP Insurance quotes cover you for?
Lease & Contract Hire GAP can cover any shortfall between your motor insurer's settlement, if the vehicle is written off or stolen during the policy term, and the outstanding lease settlement.
Why should you think about GAP Insurance for a lease?
If the vehicle is written off or stolen, then the amount you get from your motor insurer will likely be for the value of the car at the time of the claim.
What you still owe on the lease is an entirely different amount.
If you owe more on the lease settlement than what your motor insurer settles for you, then you can owe the difference.
GAP Insurance can cover this shortfall.
What is Deposit Protection?
On a lease, you can opt to pay a larger up-front payment. This is your advanced rental. You can choose to cover this with our Deposit Protection option. This means that the standard policy can cover a shortfall as described above. You can also claim back your advanced rental payment, up to £3,000, if you opt for the Deposit Protection cover.
You can then use this deposit protection settlement as a deposit for your next vehicle.
To find out how cost-effective our GAP Insurance can be, you can get a quote and buy cover in about 5 minutes.