This is a popular method of funding for many of our customers. It is designed to provide fixed term funding and you own the vehicle at the end.
You decide the initial lump sum deposit and the repayment period. You then pay monthly payments for the life of the agreement. Assuming all outstanding payments have been made, you own the vehicle at the end of the agreement.
Features and Benefits
- No VAT on payments
- Vehicles are treated as an asset and appear on your balance sheet - writing down allowances can be offset against taxable profits along with interest charges
|Initial Outlay||Usually 10% of vehicle price|
|Contract Length||Decided by you|
|Final Lump Sum Payment||No|
|Ability To Take Profit On Sale||Yes|
If you would like more information about Lease Purchase, please contact the team on 0238 098 3926 (Calls cost £0.05 per minute plus your phone company's access charge)
View all our lease purchase offers here