Lease Purchase
Lease Purchase is a finance plan which is ideal for non VAT registered customers who eventually wish to take ownership after all payments have been made.
What is Lease purchasing?
Lease Purchase is a finance plan which is ideal for non-VAT registered customers who eventually wish to take ownership after all payments have been made.
When you take out a Lease purchasing agreement, you’ll pay an initial deposit, and you then pay an agreed amount of monthly installments. At the end of the agreement, you’ll then make one final balloon payment at the end.
Benefits of lease purchasing
- Consistent low fixed-price repayments
- Will have access to new, higher specifications vehicles
- Will eventually own the vehicle
Things to remember
- Must have fully comprehensive vehicle insurance
- The balloon payment must be paid for at the end of the contract
