Lease Purchase.
Owning your very own luxury, classic or high-performance car can become a reality with our competitive and flexible lease purchase packages tailored to suit your budget and fixed agreement.
Vehicle Finance Ltd
Owning your very own luxury, classic or high-performance car can become a reality with our competitive and flexible lease purchase packages tailored to suit your budget and fixed agreement.
A lease purchase agreement lets you make regular payments, similar to a hire purchase agreement, but you own the car at the end of the fixed term. There is a final ‘balloon payment’, paid at the end of the term. After that, the car ownership is handed over to yourself. Before choosing lease purchase, below are some things you should no before entering into a lease purchase agreement.:
- A Lease Purchase Agreement works by paying a deposit and then make monthly payments for the length of the agreement.
- The balloon payment is normally based on what the car is conservatively expected to be worth at that point in time, taking into account the car’s mileage, its age and the length of the agreement.
- The more the car holds in value, the more affordable the lease purchase agreement becomes, this in turn makes lease purchase agreements very popular with owners of luxury & performance vehicles.
At the end of the lease purchase agreement, you are required to pay the balloon paymentamount.
There’s no option to return the vehicle.
As an average a lease purchase agreement lasts between two and five years, it is possible to fully or partially settle the outstanding finance at any point during the lease purchase agreement period.
To find out more about how to do this, get in touch and we’ll do our best to help.
To find out more about how lease purchase can help you please call us on 0121 269 0078 and ask us for a quotation.