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Lease Purchase

Lease purchace, lease purchase vehicle, agreement, Manchester, Leeds, Liverpool

This funding method of a lease purchase is essentially a hire purchase contract but has a pre arranged larger final payment or balloon at the end of the contract term. On the final payment together with a nominal option to purchase fee, legal ownership passes from the finance company to the user. A proportion of the vehicles total cost can be deferred into a balloon payment at the end of the contract. This balloon payment is calculated at approximately 20% less than the estimated value of the vehicle on completion of the finance period/agreement. This normally provides some equity in vehicle at the end of the agreement.

What are the benefits of lease purchase?

This is ideal for non-vat registered companies who would like ownership of the vehicle at the end of the contract. The monthly payment can be tailored to meet your personal requirements by varying the initial deposit or size of the residual balloon payment. ie the larger your deposit the smaller your monthly payment figure or the larger the balloon payment then the smaller the monthly payments.

Contract Hire

Finance lease

Vehicle Hire Purchase

Personal Contract Purchase

We trust that this information will be useful to you. To discuss the right package for you please contact us today