Outright purchase
Outright purchasing is purchasing the vehicle from the direct supplier without using finance.
What is Outright purchasing?
Outright purchasing is purchasing the vehicle from a direct supplier without using finance. The buyer will have paid the full purchase price for the vehicle upfront, which saves you from paying any interest on monthly payments.
Benefits for Outright purchasing
- A vehicle can be sold at any time
- Will be legally owned by the buyer from the purchase date.
- No contracts or agreements
Things to remember
- Buyer is exposed to fluctuations in the market, for example, if used vehicle prices drop
- Have to pay the total fee of the car in one payment
- No option to spread the cost of payment
