A lease purchase is literally a form of lease with the option to purchase the contract by way of a balloon on final payment. This method usually returns cheaper monthly payments then Hire Purchase agreements as money is built up into the balloon which is made payable to transfer ownership of the vehicle.
Lease purchase is a good choice for a customer who may require a large loan over a longer term with lower monthly payments to afford that more prestigious vehicle. In addition the deposit is also flexible and can be agreed on when drafting the contract, it is typically between 10%-50%.
Advantages of Lease Purchase
- Low Flexible Deposit
- Low Monthly Payments
We can offer great finance deals on a great range of vehicle manufacturers new or used. We have examples of our favourable finance agreements compared to our competitors here. Below are links to some manufactures whom we regularly supply finance deals; however our portfolio of manufactors is not limited to these and you can only be sure of the best deal if you contact us directly.