Lease Purchase is the perfect solution if you want to buy a vehicle outright but you don’t have the money to do so immediately.
Lease Purchase is similar to PCP in that the leasing company has a retail value of the car and works out an estimated future value of the vehicle for the end of the contract period based on its depreciation. The monthly payments are worked out on the difference between the retail value and the residual value, therefore the more the vehicle holds its value the better the deal.
The difference between lease purchase and PCP is that at the end of the lease period the customer must make a final balloon payment so they must ensure they have sufficient finances to afford the balloon payment because it is not optional.
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A Lease Purchase agreement is not necessarily the right choice of car finance for everyone so call one our Account Executives today to discuss your fleet requirements:
0845 296 4423