100% Tax Deductible
Zero Value Depreciation
What is Lease Purchase?
Lease purchase is a vehicle financing option for those looking to own a vehicle, with terms similar to that of other vehicle leasing agreements.
Lease purchase requires you to put down an initial deposit, which is usually the full VAT followed by fixed monthly repayments with the option of a final payment (balloon).
These repayments typically range between 24 and 60 months. At the end of the contract, or sooner, having paid all of the payments, including the optional final payment (balloon) along with any option to purchase fee, you will own the vehicle.
The Advantages of Lease Purchase
Structured much like a hire purchase, a lease purchase agreement has some unique advantages:
The Disadvantages of Lease Purchase
Some of the disadvantages of lease purchase includes:
Learn More About Lease Purchase
Want to find out more about lease purchase? Please use the enquiry form.
If there’s anything you’re unsure of, our team is more than happy to help. Contact us via email or phone and we’ll get back to you as soon as we can.