Lease Purchase
Lease Purchase allows a company or individual to purchase a vehicle by spreading the cost over a fixed term as opposed to making an initial large payment for the vehicle. Lease Purchase allows you the option to put down a deposit or trade in your current vehicle at the beginning of the agreement in order to reduce the monthly repayments. In addition at the beginning of the agreement , you have the option to defer a proportion of the vehicle cost to a final balloon payment at the end of the agreement, this balloon payment can be tailored to your exact requirements which will also result in lowering the monthly repayments.
Benefits:
- Simple and quick to arrange
- Low initial deposit
- Vehicle becomes your property on the last payment of the term.
- You are not tied to any mileage restrictions
- You make fixed repayments at a fixed interest rate which helps with controlling costs
- Tax benefits
back to top |
